TÜRKÇE
ENGLISH
Information
| Unit | INSTITUTE OF SOCIAL SCIENCES |
| ECONOMICS (MASTER) (WITH THESIS) | |
| Code | İKT703 |
| Name | Microeconomics |
| Term | 2024-2025 Academic Year |
| Term | Fall and Spring |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 7 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Yüksek Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. NEŞE ALGAN |
| Course Instructor |
Doç. Dr. ALMILA BURGAÇ ÇİL
(Güz)
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
This course aims to teach the micro foundations of the economy. In this respect the main subjects are consumer and produce theory, market structure and competitive strategy, and information, market failure, and the role of government.
Course Content
This course covers 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.
Course Precondition
There are no course prerequisites.
Resources
1.BULMUŞ, İsmail; Micro Economics 2. DİVİTÇİOĞLU, Sencer; Microeconomics: Introduction to Price and Welfare Theory 3. EREN, Ercan; DONDURAN, Murat, Micro Economics 4. HENDERSON, J. and R. Quant; Microeconomics - A Mathematical Approach 5. Koutsoyiannis, A. (1979), Modern Microeconomics
Notes
1.BULMUŞ, İsmail; Micro Economics 2. DİVİTÇİOĞLU, Sencer; Microeconomics: Introduction to Price and Welfare Theory 3. EREN, Ercan; DONDURAN, Murat, Micro Economics 4. HENDERSON, J. and R. Quant; Microeconomics - A Mathematical Approach 5. Koutsoyiannis, A. (1979), Modern Microeconomi
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Explain consumer behavior within the framework of utility theory, budget constraints, and choice models. |
| LO02 | Explains firm decisions in the context of cost functions, economies of scale, and production functions. |
| LO03 | Analyze perfect competition, monopoly, monopolistic competition, and oligopoly market structures and discuss pricing strategies. |
| LO04 | Explains the strategic interactions of firms and individuals using game theory models. |
| LO05 | Explain the effects of market failures on welfare through general equilibrium analysis. |
| LO06 | Explains market failures such as asymmetric information, externalities, and public goods. |
| LO07 | Explain rationality assumptions by comparing traditional microeconomic models with the perspective of behavioral economics. |
| LO08 | Applies microeconomic models to analyze public policies and regulations. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Gains expertise in economics. | |
| PLO02 | Bilgi - Kuramsal, Olgusal | Specifies the role of the market economy, the price advantage of the event. | 5 |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explains basic macroeconomic problems such as unemployment, inflation, current account deficit and policies to solve these problems based on scientific sources. | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Faces with challenges, produces a numerical and policy options. | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Builds, decodes and interprets models by using quantitative and qualitative techniques | 5 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Learning the application of programme packages like SAS, RATS, SPSS, TSP, Win BUGS, EViews, etc to do analyses of empirical data. | 3 |
| PLO07 | Bilgi - Kuramsal, Olgusal | Uses the theory of economics in analyzing the economic events | |
| PLO08 | Bilgi - Kuramsal, Olgusal | Acquires the ability of analyzing in the conceptual level ,compares interprets, evaluates and synthesizes ideas in order to develop solutions to the problems. | 4 |
| PLO09 | Bilgi - Kuramsal, Olgusal | Takes responsibility individually and / or in a team,leads a team and works effectively | 5 |
| PLO10 | Bilgi - Kuramsal, Olgusal | With the awareness of the necessity of life-long learning, follows the latest developments about his field and improves himself | |
| PLO11 | Bilgi - Kuramsal, Olgusal | Speaks Turkish, and at least one other foreign language in accordance with the requirements of academic and business life. | |
| PLO12 | Bilgi - Kuramsal, Olgusal | Questions traditional approaches, implementations, and methods ;develops and practises alternative study programs when required | 5 |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Knows where and how to find all scientific resources and data to do her research. | |
| PLO14 | Beceriler - Bilişsel, Uygulamalı | Understands the necessity and importance of research in social sciences. | |
| PLO15 | Beceriler - Bilişsel, Uygulamalı | Understands the relationship between economics and other branches of science. | 5 |
| PLO16 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Expresses himself/herself accurately, both orally and in writing. | |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply social, scientific and professional ethical values. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Supply, Demand and Market Quilibrium | Reading course book and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 2 | Consumer Supply, Demand and Market Quilibrium | Reading course book and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 3 | Production Technology and Producer Theory | Reading course book and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 4 | Short-Run and Long-Run Analysis | Reading course book and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 5 | Isoquant and Isocost Curves | Reading course book and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 6 | Cost minimization and production maximization | Reading course book and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 7 | Cost Theory | Reading course book and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 8 | Mid-Term Exam | Midterm exam | Ölçme Yöntemleri: Yazılı Sınav, Ödev |
| 9 | Perfect Competition Analysis | Reading course book and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 10 | Efficiency and Interventions | Reading course book and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 11 | Monopoly Efficiency and Interventions | Reading course book and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 12 | Interventions and Regulations of Monopoly | Reading course book and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 13 | Oligoplistic Markets | Reading course book and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 14 | Factor Markets | Reading course book and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 15 | General Equilibrium Analysis | Reading course book and the notes | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 16 | Term Exams | Final Exam | Ölçme Yöntemleri: Yazılı Sınav |
| 17 | Term Exams-2 | Final Exam | Ölçme Yöntemleri: Yazılı Sınav |
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 | 2 | 5 | 10 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 18 | 18 |
| Final Exam | 1 | 30 | 30 |
| Total Workload (Hour) | 170 | ||
| Total Workload / 25 (h) | 6,80 | ||
| ECTS | 7 ECTS | ||