Syllabus
Hi there, first-timers! Here we start a not-so-long journey (four years will be gone like the wind) with our course that will hopefully guide you to find several keys helping you to open several doors. But don't forget, you will still be on your own in those new rooms and chambers, which will most probably contain some other doors leading to other rooms and chambers. But in our not-so-long journey, you don't need to and won't be able to try out each door. Yet, we hope to give you a good idea about what those other rooms would look like and at least provide you some comfort zone so that you won't feel totally lost when you discover new zones. (Discoveries never end!)
In this course, we will focus entirely on the behaviors of individual actors in an economy; e. g., firms, consumers, and the government. In particular, we will study individual choices and group behavior in individual markets and the regulators' roles. You will have the opportunity to have a better overview of the decision-making process for consumers, firms, and the government concerning issues such as market intervention or taxation. Once we are done with covering the necessary fundamentals in the course, we will look into the effects of COVID-19, with a focus on microeconomic issues.
Lectures will be held according to the (tentative) schedule below. Due to the pandemic, the lectures will be online. Yet, I will do the best I can to provide a classroom environment by using various tools such as PowerPoint presentations, a light board where you can see me taking notes from time to time, and a graphic tablet that will also aid us with visualizing the materials, take notes on presentations, and so on.
The information regarding our textbook in provided below. Because online classes are making it difficult to interact, we will also make use of Perusall to address this issue. This platform will allow you to interact and discuss issues that we will covering in the lectures. You will also be graded according to your performance @Perusall (further details are below).
I highly recommend you to read the material and slides before the lectures, do your discussions in Perusall, and participate (ask & answer questions) in online lectures. Note that posting good questions or making good comments, helping others by answering their questions, and upvoting good questions or comments to draw the attention your classmates will all be noted and graded accordingly (in Perusall).
One mid-term and Perusall grading will constitute 60 percent of your overall grade, while 40 percent will be due to the final exam, adding up to 100 percent. Assignments and quizzes will also contribute to your overall grade. Assignments are supposed to be typed (not handwritten) and submitted via turnitin.com (to do the plagiarism check). Plagiarism in assignments and cheating in exams will be punished in accordance with the formal procedures.
I look forward to a great semester!
Course Material:
Frank, R. H., Bernanke, B. S., Antonovics, K., and Heffetz, O. (2019). Principles of economics (7e). McGraw Hill
For registration details, "Click Me"
Schedule (tentative) / Topics
Introduction
Week 1 5-Oct-20 Chapter 1 Thinking like an economist
Week 2 12-Oct-20 Chapter 2 Comparative advantage
Week 3 19-Oct-20 Chapter 3 Supply and demand
Competition and the invisible hand
Week 4 26-Oct-20 Chapter 4 Elasticity
Week 5 2-Nov-20 Chapter 5 Demand
Week 6 9-Nov-20 Chapter 6 Perfectly competitive supply
Week 7 16-Nov-20 Chapter 7 Efficiency, exchange, and the invisible hand in action
Week 8 23-Nov-20 Midterm I
Market imperfections
Week 9 30-Nov-20 Chapter 8 Monopoly, oligopoly, and monopolistic competition
Week 10 07-Dec-20 Chapter 9 Games and strategic behavior
Week 11 14-Dec-20 Chapter 11 Externalities, property rights, and the environment
Week 12 21-Dec-20 Chapter 14 Public Goods and Tax Policy
Week 13 04-Jan-21 The economics of pandemics (Microeconomic issues and analysis)
* Perusall:
Hi there, first-timers! Here we start a not-so-long journey (four years will be gone like the wind) with our course that will hopefully guide you to find several keys helping you to open several doors. But don't forget, you will still be on your own in those new rooms and chambers, which will most probably contain some other doors leading to other rooms and chambers. But in our not-so-long journey, you don't need to and won't be able to try out each door. Yet, we hope to give you a good idea about what those other rooms would look like and at least provide you some comfort zone so that you won't feel totally lost when you discover new zones. (Discoveries never end!)
In this course, we will focus entirely on the behaviors of individual actors in an economy; e. g., firms, consumers, and the government. In particular, we will study individual choices and group behavior in individual markets and the regulators' roles. You will have the opportunity to have a better overview of the decision-making process for consumers, firms, and the government concerning issues such as market intervention or taxation. Once we are done with covering the necessary fundamentals in the course, we will look into the effects of COVID-19, with a focus on microeconomic issues.
Lectures will be held according to the (tentative) schedule below. Due to the pandemic, the lectures will be online. Yet, I will do the best I can to provide a classroom environment by using various tools such as PowerPoint presentations, a light board where you can see me taking notes from time to time, and a graphic tablet that will also aid us with visualizing the materials, take notes on presentations, and so on.
The information regarding our textbook in provided below. Because online classes are making it difficult to interact, we will also make use of Perusall to address this issue. This platform will allow you to interact and discuss issues that we will covering in the lectures. You will also be graded according to your performance @Perusall (further details are below).
I highly recommend you to read the material and slides before the lectures, do your discussions in Perusall, and participate (ask & answer questions) in online lectures. Note that posting good questions or making good comments, helping others by answering their questions, and upvoting good questions or comments to draw the attention your classmates will all be noted and graded accordingly (in Perusall).
One mid-term and Perusall grading will constitute 60 percent of your overall grade, while 40 percent will be due to the final exam, adding up to 100 percent. Assignments and quizzes will also contribute to your overall grade. Assignments are supposed to be typed (not handwritten) and submitted via turnitin.com (to do the plagiarism check). Plagiarism in assignments and cheating in exams will be punished in accordance with the formal procedures.
I look forward to a great semester!
Course Material:
Frank, R. H., Bernanke, B. S., Antonovics, K., and Heffetz, O. (2019). Principles of economics (7e). McGraw Hill
For registration details, "Click Me"
Schedule (tentative) / Topics
Introduction
Week 1 5-Oct-20 Chapter 1 Thinking like an economist
Week 2 12-Oct-20 Chapter 2 Comparative advantage
Week 3 19-Oct-20 Chapter 3 Supply and demand
Competition and the invisible hand
Week 4 26-Oct-20 Chapter 4 Elasticity
Week 5 2-Nov-20 Chapter 5 Demand
Week 6 9-Nov-20 Chapter 6 Perfectly competitive supply
Week 7 16-Nov-20 Chapter 7 Efficiency, exchange, and the invisible hand in action
Week 8 23-Nov-20 Midterm I
Market imperfections
Week 9 30-Nov-20 Chapter 8 Monopoly, oligopoly, and monopolistic competition
Week 10 07-Dec-20 Chapter 9 Games and strategic behavior
Week 11 14-Dec-20 Chapter 11 Externalities, property rights, and the environment
Week 12 21-Dec-20 Chapter 14 Public Goods and Tax Policy
Week 13 04-Jan-21 The economics of pandemics (Microeconomic issues and analysis)
* Perusall:
- Enroll to our course on https://perusall.com/ (you don't need to pay anything). To do this, create a Perusall account and enter your our course code DURMAZ-32XW4 upon registration.
- I will be creating assignments from time to time and your engagement scores will automatically appear in the Gradebook.
