TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMICS PR. (ENGLISH) | |
| Code | ECOZ406 |
| Name | Microeconomics III |
| Term | 2026-2027 Academic Year |
| Semester | 8. Semester |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | İngilizce |
| Level | Belirsiz |
| Type | Normal |
| Label | C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. CENGİZ AYTUN |
| Course Instructor |
The current term course schedule has not been prepared yet.
|
Course Goal / Objective
Microeconomics is a social science that examines the effects of individual human activities, particularly how these decisions influence the use and distribution of scarce resources. Microeconomics explains how and why different goods have different values, how individuals make more efficient or effective decisions, and how individuals can best coordinate and cooperate with one another. In general, microeconomics is considered a more comprehensive, advanced, and established science than macroeconomics.
Course Content
Basic concepts, supply and demand, markets, factor markets
Course Precondition
There are no prerequisites for this course.
Resources
Mikro İktisat- Zeynel Dinler
Notes
Mikro İktisat-Muzaffer Erdal Ünsal (10. Baskı)-BB101 Yayınları
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Understands the basic concepts of microeconomics and conducts market analysis |
| LO02 | Conducts an analysis of a perfectly competitive market |
| LO03 | Conducts a monopolistic competition analysis |
| LO04 | It explains wage formation in labor markets, labor supply and demand, the influence of labor unions, and the impact of capital investments. |
| LO05 | It explains the provision of public goods, externalities, and their effects on market failures. |
| LO06 | Using social welfare, Pareto efficiency, and social choice theory, it evaluates the efficiency of economic systems. |
| LO07 | It explains the economic issues related to information asymmetry (adverse selection, moral hazard, and the screen problem) and proposes solutions. |
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 | |
| 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 | 5 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Use quantitative and qualitative techniques of model building, decoding and interpretation | 4 |
| PLO07 | Bilgi - Kuramsal, Olgusal | Use the theory of economics in the analysis of economic events | 5 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Use computer programs, do synthesis and present prepared data efficiently | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Apply the methods of economic analysis. | |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | 4 |
| 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 | 5 |
| PLO16 | Yetkinlikler - Öğrenme Yetkinliği | Question traditional approaches, practices and methods. | 4 |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply social, scientific and professional ethical values. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Basic concepts | Reading the relevant chapter | Öğretim Yöntemleri: Anlatım |
| 2 | Basic Concepts 2 | Reading the relevant chapter | Öğretim Yöntemleri: Anlatım, Tartışma |
| 3 | Demand analysis | Reading the relevant chapter | Öğretim Yöntemleri: Anlatım |
| 4 | Supply analysis | Reading the relevant chapter | Öğretim Yöntemleri: Anlatım, Tartışma |
| 5 | Utility, Cardinal and Ordinal Concepts of Utility | Reading the relevant chapter | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 6 | Perfectly competitive market | Reading the relevant chapter | Öğretim Yöntemleri: Anlatım, Tartışma |
| 7 | Monopoly markets | Reading the relevant chapter | Öğretim Yöntemleri: Anlatım, Tartışma |
| 8 | Mid-Term Exam | Ölçme Yöntemleri: Yazılı Sınav |
|
| 9 | Oligopoly market | Reading the relevant chapter | Öğretim Yöntemleri: Anlatım, Tartışma |
| 10 | Game theory | Reading the relevant chapter | Öğretim Yöntemleri: Anlatım, Soru-Cevap, Tartışma |
| 11 | Factor markets | Reading the relevant chapter | Öğretim Yöntemleri: Anlatım, Tartışma |
| 12 | Mathematical Approaches to Consumer Equilibrium | Reading the relevant chapter | Öğretim Yöntemleri: Anlatım, Tartışma |
| 13 | General Equilibrium Theory | Reading the relevant chapter | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 14 | Externalities | Reading the relevant chapter | Öğretim Yöntemleri: Anlatım, Tartışma |
| 15 | Externalities and general equilibrium analysis | Reading the relevant chapter | Öğretim Yöntemleri: Anlatım, Tartışma |
| 16 | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
|
| 17 | Term Exams | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 4 | 56 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 4 | 56 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 15 | 15 |
| Final Exam | 1 | 15 | 15 |
| Total Workload (Hour) | 142 | ||
| Total Workload / 25 (h) | 5,68 | ||
| ECTS | 6 ECTS | ||