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Description of Individual Course Units| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İKT2022013201 | MICRO ECONOMICS-II | Compulsory | 2 | 4 | 5 |
| | Level of Course Unit | | First Cycle | | Objectives of the Course | | The aim of the course is
• to teach the microeconomic issues
• to develop the ability of the students to perform the analysis
| | Name of Lecturer(s) | | Yrd. Doç. Dr. Seval MUTLU ÇAMOĞLU | | Learning Outcomes | | 1 | To have the knowledge and skills of micro-economic terminology | | 2 | Effectively be able to apply to maximization theories for companies and consumers | | 3 | To have knowledge about and awareness of how markets work and how it reflected on the welfare of consumersand firms are able to recognize |
| | Mode of Delivery | | Formal Education | | Prerequisites and co-requisities | | | Recommended Optional Programme Components | | | Course Contents | | • The production function and variable-rate yield law
• The balance and equilibrium, production costs, perfect competition, monopoly,monopsony, oligopoly and monopolized competition and stability in other markets
• Production factors market, welfare economics and general equilibrium,and public goods.
| | Weekly Detailed Course Contents | |
| 1 | Costs, concepts of cost, distinction between the short and long run, cost curves, shifts in cost curves | | | | 2 | Firms in perfect competitionmarket, market structure, marginal revenue, average revenue, total revenue, short run equilibrium of the firm and industry, short run supply curve of firm and industry | | | | 3 | Firms in perfect competition market, long-run equilibrium of the firm, constant-cost industries, increasing and decreasing cost industries, the long-run supply elasticity | | | | 4 | Monopoly,the causes of monopoly, demand curve of monopolist, income of monopolist, short-run stability, long run equilibrium | | | | 5 | Monopoly, price differentiation, regulation of monopolies, the comparison of monopoly and perfect competition | | | | 6 | Oligopoly; definition, causes, classification, Cournot model, the Edgeworth model, Chamberlin model, Sweezy model, the kinked demand curve | | | | 7 | Oligopoly, Bertrand model, Stackelberg model, game theory, price leadership,entry of new firms | | | | 8 | Midterm | | | | 9 | Monopolistic competition; definition, the demand curve in monopolistic competition, the short run equilibrium , long-run equilibrium, the comparison of Monopolistic competition and perfect competition the comparison of Monopolistic competition and monopoly | | | | 10 | The market for the factors of production, demand for factor in perfect competition market, deman for factor in imperfect competition market, price elasticity of factor demand, ,factor supply | | | | 11 | The market for the factors of production, factor-market equilibrium, the concept of rent, quasi rent, wage differentials | | | | 12 | Welfare economics and general equilibrium, the optimal factor use, necessary conditions for optimal resource allocation,the Edgeworth box, Pareto efficient allocation, contract curve, the theory of the second-best | | | | 13 | Welfare economics and general equilibrium, perfect competition and economic efficiency | | | | 14 | Uncertainty and asymmetric information, risk aversion, methods for reducing risk, information and market equilibrium, information and economic efficiency | | | | 15 | Externalities and public goods, defining externalities, externalities and allocational efficiency, bargaining and Coase theorem, public goods, public goods and market failure | | | | 16 | Final Exam | | |
| | Recommended or Required Reading | | Ünsal, E. 2005; Mikro İktisat, İmaj Yayınevi, 6.Baskı, Ankara
Dinler, Z. 2007; Mikro Ekonomi, Ekin Kitabevi Yayınları, 18.Baskı, Bursa
Varian, Hal R., Intermediate Microeconomics:A Modern Approach,7th Edition,2006
Pindyck S. Robert, Rubinfeld L. Daniel, Microeconomics,Prentice Hall | | Planned Learning Activities and Teaching Methods | | | Assessment Methods and Criteria | |
| SUM | 0 | |
| SUM | 0 | | Yarıyıl (Yıl) İçi Etkinlikleri | 40 | | Yarıyıl (Yıl) Sonu Etkinlikleri | 60 | | SUM | 100 |
| | Language of Instruction | | | Work Placement(s) | |
| | Workload Calculation | |
| Midterm Examination | 1 | 1 | 1 | | Final Examination | 1 | 1 | 1 | | Attending Lectures | 14 | 3 | 42 | | Self Study | 14 | 5 | 70 | | Individual Study for Mid term Examination | 14 | 1 | 14 | | Individual Study for Final Examination | 22 | 1 | 22 | |
| Contribution of Learning Outcomes to Programme Outcomes | | LO1 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | | LO2 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | | LO3 | 5 | 5 | 4 | 4 | 4 | 3 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| | * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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