TÜRKÇE
ENGLISH
Information
| Code | IKZ202 |
| Name | Microeconomics II |
| Semester | 4. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. NEŞE ALGAN |
Course Goal
This is a two term course which teaches the micro foundations of the economy
Course Content
In this module; problems of economic systems, economic events, sides of economic events and their modes of behaviors, consumer theory and profit maximization, profit maximization theory of the firm, firms decision-making processes in different markets and the factor markets will be analyzed.
Course Precondition
There are no course prerequisites.
Resources
Microeconomics- Jeffrey M. Perloff
Notes
Principles of Microeconomics 4th Edition-N.Gregory Mankiw
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 conditions to be complied with within an economy for it to be considered as Pareto Optimal and its implications for a given society |
| LO03 | To be able to understand the basic features of workings of factor markets |
| LO04 | Understand production decision by firm, factors of production and cost of production, short and long term decisions and short and long term costs, and their impacts |
| LO05 | Gain knowledge about functions of markets in economy, perfect and imperfect competition, and their importance on consumer wealth, along with policy options to |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the importance of demand and supply in economy science and the well-running conditions of the market economy | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Define the role of pricing within the event advantage of the market economy. | 4 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market. | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Perceive the costs and benefits arising from the global economy | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Produce numerical and policy options when confronted with problems. | |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation. | 2 |
| PLO07 | Beceriler - Bilişsel, Uygulamalı | Use the theory of economics in the analysis of economic events. | 4 |
| PLO08 | Beceriler - Bilişsel, Uygulamalı | Use computer programs, do synthesis and present prepared data efficiently. | |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Apply the methods of economic analysis. | 3 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and acquires ability in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | 2 |
| PLO11 | Beceriler - Bilişsel, Uygulamalı | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and presents effectively. | |
| PLO12 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Take responsibility individually and / or in a team, take leadership and work effectively. | |
| PLO13 | Yetkinlikler - Öğrenme Yetkinliği | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself.. | |
| PLO14 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life. | |
| PLO15 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Understand and interpret related people´s feelings, thoughts, and behaviours correctly; expresse him-/herself accurately in written and oral language. | 3 |
| PLO16 | Yetkinlikler - Alana Özgü Yetkinlik | Question traditional approaches, practices and methods. | |
| PLO17 | Yetkinlikler - Alana Özgü Yetkinlik | Recognize and apply social, scientific and professional ethical values. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | The concept of imperfect competition: market structures | reading | Öğretim Yöntemleri: Anlatım |
| 2 | Monopoly pricing and output | reading | Öğretim Yöntemleri: Anlatım |
| 3 | The creation of cartels and cost of policing in cartel organizations | reading | Öğretim Yöntemleri: Anlatım |
| 4 | The creation, regualtion and destruction of monopolies | reading | Öğretim Yöntemleri: Anlatım |
| 5 | The theory of monopolistic competition | reading | Öğretim Yöntemleri: Anlatım |
| 6 | Oligipolistic market structure:introduction | reading | Öğretim Yöntemleri: Anlatım |
| 7 | The models of oligopolistic markets | reading | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | The theories of input demand | reading | Öğretim Yöntemleri: Anlatım |
| 10 | Wage determination process in different market structures | reading | Öğretim Yöntemleri: Anlatım |
| 11 | Wage, rents and income differences | reading | Öğretim Yöntemleri: Anlatım |
| 12 | General Equilibrium Analysis: introduction | reading | Öğretim Yöntemleri: Anlatım |
| 13 | General Equilibrium Analysis | reading | Öğretim Yöntemleri: Anlatım |
| 14 | Welfare Economics: Theoretical Issues | reading | Öğretim Yöntemleri: Anlatım |
| 15 | Measuring Welfare Costs | reading | Öğretim Yöntemleri: Anlatım |
| 16 | Term Exams | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
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 | ||