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Information
| Code | ECOZ202 |
| Name | Microeconomics II |
| Term | 2024-2025 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 |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. NEŞE ALGAN |
| Course Instructor |
1 2 |
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
There are no prerequisites.
Resources
Modern Microeconomics- Anna Koutsoyiannis
Notes
Intermediate Microeconomics: A Modern Approach- Hal Varian
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Students first understand how to look at the economy at a micro level. |
| LO02 | It emphasizes the place of consumers in the market and their contribution to the economy. |
| LO03 | Comprehensively understands consumer theory and producer theory. |
| LO04 | Uses mathematics and graphics in common economic applications. |
| LO05 | Detailed information on producer theory and costs is provided. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explain the importance of demand and supply in economy sciece 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 | 5 |
| 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 | 2 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Perceive the costs and benefits arising from the global economy | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Produce nymerical and policy options when confronted with problems | 2 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Use the theory of economics in the analysis of economic events | 4 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Use computer programs, do synthesis and present prepared data efficiently | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Apply the methods of economic analysis. | 3 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | 2 |
| PLO11 | Bilgi - Kuramsal, Olgusal | Take responsibility individually and/or in a team, take leadership and work effectively | |
| PLO12 | Beceriler - Bilişsel, Uygulamalı | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself | |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively | |
| PLO14 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life | |
| PLO15 | Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği | Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language | |
| PLO16 | Yetkinlikler - Öğrenme Yetkinliği | Question traditional approaches, practices and methods. | |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | 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 | ||