TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMETRICS PR. (ENGLISH) | |
| Code | ECOZ202 |
| Name | Microeconomics II |
| Term | 2021-2022 Academic Year |
| Semester | 4. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | İngilizce |
| Level | Lisans Dersi |
| Type | Normal |
| Label | C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. NEŞE ALGAN |
| Course Instructor |
Öğr. Gör.Dr. MURAT PÜTÜN
(Bahar)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
This part of the course is designed further to introduce and master the microeconomics issues in addition to the lecture topics covered in the previous term. Hence this term involve of market structures-monopoly, monopolistic competition, oligopoly.
Course Content
Imperfectly competitive markets, pricing, production decisions and economic policy tools welfare loss factor markets (labor and capital) and imperfect competition. Perfectly competitive markets, government, knowledge and understanding of the importance of public goods and the policy recommendations of general equilibrium and welfare economics concepts.
Course Precondition
Resources
Notes
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Understanding the root causes and features of market imperfections Being able to identify the atributes of the imperfectly competitive markets and compare and contrast in this context |
| LO02 | Understanding the role of government interference: Government monopolies and concept of regualtion To be able to understand the basic features of workings of factor markets |
| LO03 | Understanding the causes of income differences in a given economy |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | Explains Econometric concepts | 1 |
| PLO02 | - | Acquires basic Mathematics, Statistics and Operation Research concepts | 3 |
| PLO03 | - | Equipped with the foundations of Economics, and develops Economic models | 5 |
| PLO04 | - | Describes the necessary concepts of Business | 5 |
| PLO05 | - | Models problems with Mathematics, Statistics, and Econometrics | 3 |
| PLO06 | - | Estimates the model consistently and analyzes & interprets its results | 4 |
| PLO07 | - | Acquires the ability to analyze, benchmark, evaluate and interpret at conceptual levels to develop solutions to problems | 5 |
| PLO08 | - | Collects, edits, and analyzes data | 3 |
| PLO09 | - | Uses a package program of Econometrics, Statistics, and Operation Research | 4 |
| PLO10 | - | Effectively works, take responsibility, and the leadership individually or as a member of a team | 5 |
| PLO11 | - | Awareness towards life-long learning and follow-up of the new information and knowledge in the field of study | 5 |
| PLO12 | - | Develops the ability of using different resources in the form of academic rules, synthesis the information gathered, and effective presentation in an area which has not been studied | 1 |
| PLO13 | - | Uses Turkish and at least one other foreign language, academically and in the business context | 2 |
| PLO14 | - | Good understanding, interpretation, efficient written and oral expression of the people involved | 3 |
| PLO15 | - | Improves his/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development | 3 |
| PLO16 | - | Questions traditional approaches and their implementation while developing alternative study programs when required | 5 |
| PLO17 | - | Recognizes and implements social, scientific, and professional ethic values | 5 |
| PLO18 | - | Follows actuality, and interprets the data about economic and social events |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | The concept of imperfect competition: market structures | reading | |
| 2 | Monopoly pricing and output | reading | |
| 3 | The creation of cartels and cost of policing in cartel organizations | reading | |
| 4 | The creation, regualtion and destruction of monopolies | reading | |
| 5 | The theory of monopolistic competition | reading | |
| 6 | Oligipolistic market structure:introduction | reading | |
| 7 | The models of oligopolistic markets | reading | |
| 8 | Mid-Term Exam | prepare to exam | |
| 9 | The theories of input demand | reading | |
| 10 | Wage determination process in different market structures | reading | |
| 11 | Wage, rents and income differences | reading | |
| 12 | General Equilibrium Analysis: introduction | reading | |
| 13 | General Equilibrium Analysis | reading | |
| 14 | Welfare Economics: Theoretical Issues | reading | |
| 15 | Measuring Welfare Costs | reading | |
| 16 | Term Exams | prepare to exam | |
| 17 | Term Exams | prepare to exam |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 100 | 40 |
| General Assessment | ||
| Midterm / Year Total | 100 | 40 |
| 1. Final Exam | - | 60 |
| Grand Total | - | 100 |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 5 | 70 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 15 | 15 |
| Final Exam | 1 | 30 | 30 |
| Total Workload (Hour) | 157 | ||
| Total Workload / 25 (h) | 6,28 | ||
| ECTS | 6 ECTS | ||