TÜRKÇE
ENGLISH
Information
| Unit | FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES |
| ECONOMICS PR. (ENGLISH) | |
| Code | ECOZ202 |
| Name | Microeconomics II |
| Term | 2019-2020 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 |
| Label | C Compulsory |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Prof. Dr. NEŞE ALGAN |
| Course Instructor |
Öğr. Gör.Dr. MURAT PÜTÜN
(Bahar)
(A Group)
(Ins. in Charge)
|
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
Resources
Notes
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 role of government interference: Government monopolies and concept of regualtion To be able to understand the basic features of workings of factor markets |
| LO03 | Understanding the causes of income differences in a given economy |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | - | Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy | 1 |
| PLO01 | - | Explain the importance of demand and supply in economy sciece and the well-running conditions of the market economy | 3 |
| PLO02 | - | Define the role of pricing within the event advantage of the market economy | 4 |
| PLO02 | - | Define the role of pricing within the event advantage of the market economy | 3 |
| PLO03 | - | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market | 3 |
| PLO03 | - | Define the role of the state in economy, money and financial policies, the central bank and the structure of the market | 5 |
| PLO04 | - | Perceive the costs and benefits arising from the global economy | 5 |
| PLO04 | - | Perceive the costs and benefits arising from the global economy | 4 |
| PLO05 | - | Produce nymerical and policy options when confronted with problems | 3 |
| PLO05 | - | Produce nymerical and policy options when confronted with problems | 3 |
| PLO06 | - | Use quantitative and qualitative techniques of model building, decoding and interpretation | 4 |
| PLO06 | - | Use quantitative and qualitative techniques of model building, decoding and interpretation | 4 |
| PLO07 | - | Use the theory of economics in the analysis of economic events | 3 |
| PLO07 | - | Use the theory of economics in the analysis of economic events | 5 |
| PLO08 | - | Use computer programs, do synthesis and present prepared data efficiently | 3 |
| PLO08 | - | Use computer programs, do synthesis and present prepared data efficiently | 5 |
| PLO09 | - | Apply the methods of economic analysis. | 3 |
| PLO09 | - | Apply the methods of economic analysis. | 4 |
| PLO10 | - | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | 5 |
| PLO10 | - | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | 4 |
| PLO11 | - | Take responsibility individually and/or in a team, take leadership and work effectively | 3 |
| PLO11 | - | Take responsibility individually and/or in a team, take leadership and work effectively | 5 |
| PLO12 | - | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself | 4 |
| PLO12 | - | Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself | 1 |
| PLO13 | - | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively | 3 |
| PLO13 | - | Use of different sources about an unfamiliar field within academic principles, synthesize gained data and present effectively | 2 |
| PLO14 | - | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life | 3 |
| PLO14 | - | Use Turkish and at least one foreign language in accordance with the requirements of academic and work life | 4 |
| PLO15 | - | Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language | 3 |
| PLO15 | - | Understand and interpret related peoples´ feelings, thoughts and behaviours correctly; express him-/herself accurately in written and oral language | 3 |
| PLO16 | - | Question traditional attitudes, applications and methods, develop and apply new methods when needed. | 5 |
| PLO16 | - | Question traditional attitudes, applications and methods, develop and apply new methods when needed. | 5 |
| PLO17 | - | Recognize and apply social, scientific and professional ethical values. | 3 |
| PLO17 | - | Recognize and apply social, scientific and professional ethical values. | 5 |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | The concept of imperfect competition: market structures | reading | |
| 2 | Monopoly pricing and output | reading | |
| 3 | The creation of cartels and cost of policing in cartel organizations | reading | |
| 4 | The creation, regualtion and destruction of monopolies | reading | |
| 5 | The theory of monopolistic competition | reading | |
| 6 | Oligipolistic market structure:introduction | reading | |
| 7 | The models of oligopolistic markets | reading | |
| 8 | Mid-Term Exam | prepare to exam | |
| 9 | The theories of input demand | reading | |
| 10 | Wage determination process in different market structures | reading | |
| 11 | Wage, rents and income differences | reading | |
| 12 | General Equilibrium Analysis: introduction | reading | |
| 13 | General Equilibrium Analysis | reading | |
| 14 | Welfare Economics: Theoretical Issues | reading | |
| 15 | Measuring Welfare Costs | reading | |
| 16 | Term Exams | prepare to exam | |
| 17 | Term Exams | prepare to exam |
Assessment (Exam) Methods and Criteria
| Assessment Type | Midterm / Year Impact | End of Term / End of Year Impact |
|---|---|---|
| 1. Midterm Exam | 100 | 20 |
| General Assessment | ||
| Midterm / Year Total | 100 | 20 |
| 1. Final Exam | - | 80 |
| 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 | 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 | ||