E CON 101 - P RINCIPLES OF M ICROECONOMICS
S ECTION A
FALL 2014
S EPTEMBER 15, 2014 - D ECEMBER 26, 2014
Course Coordinator:
Dr. Hadi Yektaş, hadi.yektas@antalya.edu.tr
Lectures:
Tuesdays 04:00pm-05:15pm Room A1-90-91
Fridays
04:00pm-05:15pm Room A1-90-91
Office Hours:
Mondays 10:30am -12:00pm Room A2-72
Tuesdays 10:30am -12:00pm Room A2-72
or by appointment
Tutor:
TBA
Tutorials:
Fridays 2:00pm-2:50pm, Room A2-91-92
PitStop Hours:
TBA
Course Overview
With the objective of forming an introduction to microeconomics, this course covers the core topic of
economic analysis: how individual households and firms make their decisions in allocating scarce resources for consumption and production. The course will acquaint the students with the notions of
demand and supply, rational decision making, resource allocation, markets as allocation and coordination mechanisms, externality, and competition.
Prerequisites
This course has no prerequisites.
Resources
Key resources for this course include the following:
• Course website: (accessible via https://lms.antalya.edu.tr/)
This website is the most up–to–date reference for the course and will include any announcements
or amendments. Lecture slides will be uploaded here and won’t be handed out in class. Students
are encouraged to check this site on a regular basis.
• Textbook: Case, Karl E., Ray C. Fair, and Sharon M. Oster, Principles of Economics Global ed. of
11th ed. Pearson, 2014. ISBN: 978-0-273-78999-4 . (Henceforth CFO) Earlier editions of this book
may also be used. The lectures will closely follow this textbook and therefore it is necessary for
all students.
• Lectures: There are two 75-minute lectures held each week during the university teaching period.
The lectures are built around a set of slides that are based on the CFO text.
• Tutorials: There is one 50-minute tutorial held each week during the university teaching period,
except the first week. In tutorials, tutors will solve practice problems and old exam questions
related to material covered in the lectures.
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• PitStop Center: In the PitStop Center, tutors will hold 3-hour long office hours each week during
the university teaching period, except the first week.
• MyEconLab: MyEconLab offers a platform with various resources that supplement the material
covered in the textbook and the lectures. These resources include news and videos from abcNEWS
and FINANCIAL TIMES which are updated on a daily basis. They also include sample questions
and tests that help the students digest the course material.
Quizzes, which are part of the assessment, will also be conducted on this platform.
MyEconLab can be accessed via http://portal.mypearson.com/mypearson-login.jsp
Textbooks come with an access code that is needed when registering to MyEconLab. During the
registration students must enroll to our course titled
Course Name: ECON101-AIU
using
Course ID: yektas30855.
Detailed instructions can be found on the course website.
Grading and Requirements
Your final grade in the course will be based on the following weights:
REQUIREMENT
MyEconLab Quizzes
Midterm Exam
Final Exam
WEIGHTS
30 %
30 %
40 %
SCHEDULE
Due on Sundays
TBA
To be scheduled by the University
Attendance
Attendance is essential for students’ understanding of the material. Students are urged to attend all
lectures and tutorials throughout the semester to successfully complete this course. Attendance is not
mandatory, yet bonus credits will be offered in class or in tutorials throughout the semester.
Quizzes
There are a total of 14 quizzes throughout this semester, one for each teaching week. The quizzes are
administered at the online platform MyEconLab and are due on Sundays. To successfully complete the
quizzes students are advised to work on the corresponding sample tests that are posted on MyEconLab
before attempting each quiz.
Midterm Exam:
There will be a midterm exam that includes all the material upto and including the last lecture before
the exam week. Further details will be announced in class.
Final Exam:
A final exam will be held within the university exam period. The final exam will cover the entire course.
Important Advice
All material covered in lectures or in tutorials and listed as related reading may appear in any assessment task. Students should ensure that they have access to each of these resources and develop an
appropriate study pattern to ensure they are familiar with this material.
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Schedule of Classes
#
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5
6
7
8
9
10
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Topic
Introduction to Economics
Preview
The Scope and Method of
Economics
The Economics Problem:
Scarcity and Choice
Demand, Supply, and
Market Equilibrium (I)
Demand, Supply, and
Market Equilibrium (II)
Demand and Supply
Applications
Elasticity
The Market System: Choices
Made by Households and Firms
Household Behavior and
Consumer Choice
The Production Process:
The Behavior of
Profit Maximizing Firms
Short-Run Costs and
Output Decisions
Long-Run Costs and
Output Decisions
General Equilibrium and
the Efficiency of Perfect
Competition
The Market Imperfections and
the Role of Government
The Monopoly and Antitrust
Policy
Readings
# of lectures
Dates
≈ 1 Lecture
Sep 16
Ch 1
≈ 1 Lecture
Sep 19
Ch 2
≈ 2 Lectures
Sep 23
Sep 26
Ch 3
≈ 1 Lecture
Sep 30
Ch 3
≈ 2 Lectures
Ch 4
≈ 2 Lectures
Ch 5
≈ 2 Lectures
Ch 6
≈ 2 Lectures
Oct 31
Nov 4
Ch 7
≈ 2 Lectures
Nov 7
Nov 11
Ch 8
≈ 2 Lectures
Ch 9
≈ 2 Lectures
Ch 12
≈ 2 Lectures
Ch 13
≈ 2 Lectures
13
Oligopoly
Ch 14
≈ 2 Lectures
14
Monopolistic Competition
Externalities, Public Goods, and
Social Choice
Ch 15
≈ 1 Lecture
Ch 16
≈ 2 Lectures
15
Oct 3
Oct 7
Oct 10
Oct 14
Oct 17
Oct 21
Oct 24
Oct 28
Eid Break
No class
Nov 14
Nov 18
Nov 21
Nov 25
Nov 28
Dec 2
Dec 5
Dec 9
Dec 12
Dec 16
Dec 19
Dec 23
Dec 26
Class Rules
There are a few important rules that you should know.
• This class begins promptly. Please be seated by that time. Late arrivals disturb me and the rest of
the class.
• Once the lecture begins, you should remain seated throughout the entire class. If you know you
have to leave early, see me before class; otherwise you are expected to remain until class is over.
• It is not appropriate to read newspapers or have extended conversations with fellow students
during class.
• Turn off all electronic devices such as cell phones, pagers and beeping watches.
• Anyone who persists in disrupting the class will be asked to leave the classroom.
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• Cheating is totally unacceptable. Antalya International University has established severe penalties for Academic Dishonesty.
• No calculators, cell phones, iPods or other electronic devices may be used during the exams.
• There is no make-up for the midterm exam. If you must miss the midterm exam for a valid reason
please come and see me to make alternate arrangements prior to the exam.
• The deadlines for MyEconLab quizzes will not be extended unless you have a valid reason.
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