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Information
| Code | ECOS402 |
| Name | Microeconomics III |
| Term | 2022-2023 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 | Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Dr. Öğr. Üyesi MUSTAFA ILDIRAR |
| Course Instructor |
Dr. Öğr. Üyesi İpek TEKİN
(A Group)
(Ins. in Charge)
|
Course Goal / Objective
Microeconomics is the study of economic tendencies, or what is likely to happen when individuals make certain choices or when the factors of production change. Individual actors are often broken down into microeconomic subgroups, such as buyers, sellers and business owners.
Course Content
The functioning perfect competition market
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 | Understands the root causes and features of market imperfections |
| LO02 | Be able to identify the attributes of the imperfectly competitive markets and compare and contrast in this context |
| LO03 | Understands the role of government interference, Government monopolies and concept of regualtion |
| LO04 | The functioning of factor markets is analyzed. |
| LO05 | The general equilibrium theory is analyzed in detail. |
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 | |
| 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 | 3 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Use computer programs, do synthesis and present prepared data efficiently | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Apply the methods of economic analysis. | 4 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Analyze at conceptual level and aquire abiliy in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems | 3 |
| 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 | 2 |
| 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 functioning perfect competition market | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 2 | Externalities in a Perfect Competition Market | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 3 | Consumer Behaviors and demand | reading | Öğretim Yöntemleri: Anlatım |
| 4 | Production Technology and Costs | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 5 | Production and Pricing in Commodity Market | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 6 | Production and Pricing in Perfect Competition | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 7 | Production and Pricing in monopol market | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 8 | Mid-Term Exam | prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Production and Pricing in Monopolistic Competition | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 10 | Production and Pricing in Oligopoly | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 11 | Production and Pricing in factor market | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 12 | Wage and labor market in perfect competition | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 13 | The theory of general equilibrium | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 14 | The analysis of general equilibrium | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 15 | Market Failures | reading | Öğretim Yöntemleri: Anlatım, Soru-Cevap |
| 16 | Term Exams | prepare to exam | Öğretim Yöntemleri: Soru-Cevap |
| 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 | ||