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| Course Description |
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| Course Name |
: |
Microeconomics II |
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| Course Code |
: |
EC 202 |
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| Course Type |
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Compulsory |
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| Level of Course |
: |
First Cycle |
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| Year of Study |
: |
2 |
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| Course Semester |
: |
Spring (16 Weeks) |
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| ECTS |
: |
6 |
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| Name of Lecturer(s) |
: |
Assoc.Prof.Dr. NEŞE ALGAN
Asst.Prof.Dr. SANLI ATEŞ
Prof.Dr. HÜSEYİN MAHİR FİSUNOĞLU
Asst.Prof.Dr. TOLGA KABAŞ
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| Learning Outcomes of the Course |
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Understand the root causes and features of market imperfections
Be able to identify the attributes of the imperfectly competitive markets and compare and contrast in this context
Understand the role of government interference: Government monopolies and concept of regualtion
Be able to understand the basic features of behaviour of factor markets
Understand the causes of income differences in a given economy
Understand the conditions to be complied within an economy as Pareto Optimal and its implications for a given society
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| Mode of Delivery |
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Face-to-Face |
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| Prerequisites and Co-Prerequisites |
: |
None |
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| Recommended Optional Programme Components |
: |
None |
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| Aim(s) of Course |
: |
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 involves market structures-monopoly, monopolistic competition, oligopoly. |
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| Course Contents |
: |
This 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 involves market structures-monopoly, monopolistic competition, oligopoly. |
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| Language of Instruction |
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Turkish |
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| Work Place |
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Classroom |
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Course Outline /Schedule (Weekly) Planned Learning Activities |
| Week | Subject | Student's Preliminary Work | Learning Activities and Teaching Methods |
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1 |
The concept of imperfect competition: market structures |
Reading notes-books |
Lecture, Problem Session, Case Studies |
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2 |
Monopoly pricing and output |
Reading notes-books |
Lecture, Problem Session, Case Studies |
|
3 |
The creation of cartels and cost of policing in cartel organizations |
Reading notes-books |
Lecture, Problem Session, Case Studies |
|
4 |
The creation, regulation and destruction of monopolies |
Reading notes-books |
Lecture, Problem Session, Case Studies |
|
5 |
The theory of monopolistic competition |
Reading notes-books |
Lecture, Problem Session, Case Studies |
|
6 |
Oligipolistic market structure:introduction |
Reading notes-books |
Lecture, Problem Session, Case Studies |
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7 |
The models of oligopolistic markets |
Reading notes-books |
Lecture, Problem Session, Case Studies |
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8 |
Mid-term exam |
prepare to exam |
written exam |
|
9 |
The theories of input demand |
Reading notes-books |
Lecture, Problem Session, Case Studies |
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10 |
Wage determination process in different market structures |
Reading notes-books |
Lecture, Problem Session, Case Studies |
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11 |
Wage, rents and income differences |
Reading notes-books |
Lecture, Problem Session, Case Studies |
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12 |
General Equilibrium Analysis: introduction |
Reading notes-books |
Lecture, Problem Session, Case Studies |
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13 |
General Equilibrium Analysis |
Reading notes-books |
Lecture, Problem Session, Case Studies |
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14 |
Welfare Economics: Theoretical Issues |
Reading notes-books |
Lecture, Problem Session, Case Studies |
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15 |
Measuring Welfare Costs |
Reading notes-books |
Lecture, Problem Session, Case Studies |
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16/17 |
Final exam |
prepare to exam |
written exam |
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Required Course Resources |
| Resource Type | Resource Name |
| Recommended Course Material(s) |
 Roger LeRoy Miller; Roger E. Meiners, Intermediate Microeconomics, any late editions.
Roger LeRoy Miller; Roger E. Meiners, Intermediate Microeconomics, any late editions
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| Required Course Material(s) | |
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Assessment Methods and Assessment Criteria |
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Semester/Year Assessments |
Number |
Contribution Percentage |
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Mid-term Exams (Written, Oral, etc.) |
1 |
100 |
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Homeworks/Projects/Others |
0 |
0 |
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Total |
100 |
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Rate of Semester/Year Assessments to Success |
40 |
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Final Assessments
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100 |
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Rate of Final Assessments to Success
|
60 |
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Total |
100 |
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| Contribution of the Course to Key Learning Outcomes |
| # | Key Learning Outcome | Contribution* |
|
1 |
Explain the importance of demand and supply in economy science and the well-running conditions of the market economy |
5 |
|
2 |
Define the role of pricing within the event advantage of the market economy. |
5 |
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3 |
Define the role of the state in economy, money and financial policies, the central bank and the structure of the market. |
4 |
|
4 |
Perceive the costs and benefits arising from the global economy |
3 |
|
5 |
Produce numerical and policy options when confronted with problems. |
4 |
|
6 |
Use quantitative and qualitative techniques of model building, decoding and interpretation. |
3 |
|
7 |
Use the theory of economics in the analysis of economic events. |
4 |
|
8 |
Use computer programs, do synthesis and present prepared data efficiently. |
4 |
|
9 |
Apply the methods of economic analysis. |
3 |
|
10 |
Analyze at conceptual level and acquires ability in comparing, interpreting, evaluating and synthesizing in order to develop solutions to problems |
3 |
|
11 |
Take responsibility individually and / or in a team, take leadership and work effectively. |
3 |
|
12 |
Follow innovative developments in the field being aware of the necessity of lifelong learning and improving him-/herself.. |
3 |
|
13 |
Use of different sources about an unfamiliar field within academic principles, synthesize gained data and presents effectively. |
2 |
|
14 |
Use Turkish and at least one foreign language in accordance with the requirements of academic and work life. |
2 |
|
15 |
Understand and interpret related people´s feelings, thoughts, and behaviours correctly; expresse him-/herself accurately in written and oral language. |
3 |
|
16 |
Question traditional attitudes, applications and methods, develop and apply new methods when needed. |
2 |
|
17 |
Recognize and apply social, scientific and professional ethical values. |
2 |
| * Contribution levels are between 0 (not) and 5 (maximum). |
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| Student Workload - ECTS |
| Works | Number | Time (Hour) | Total Workload (Hour) |
| Course Related Works |
|
Class Time (Exam weeks are excluded) |
14 |
3 |
42 |
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Out of Class Study (Preliminary Work, Practice) |
14 |
7 |
98 |
| Assesment Related Works |
|
Homeworks, Projects, Others |
0 |
0 |
0 |
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Mid-term Exams (Written, Oral, etc.) |
1 |
1 |
1 |
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Final Exam |
1 |
2 |
2 |
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Total Workload: | 143 |
| Total Workload / 25 (h): | 5.72 |
| ECTS Credit: | 6 |
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