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Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS IKT 2013 MICROECONOMICS ELECTIVE 3 0 0 4

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASISTANT PROFESSOR LALE ALKINOĞLU KARAMIZRAK

Offered to

Public Administration Labour Economics and Industrial Relations Public Finance Econometrics Labour Economics and Industrial Relations Business Administration Econometrics Public Finance Business Administration Public Administration

Course Objective

To be able to examine processes of rational behavior of consumers and producers into effective use processes, decision-making and behavior

Learning Outcomes of the Course Unit

1   To be able to explain economic phenomena 2   To be able to analyze in other sub-economic branches by Utilizing the concepts of micro economics 3   To be able to examine the behavior of individuals within the framework of the theory of production and consumption 4   To be able to analyze Perfectly competitive markets firms in equilibrium conditions 5   To be able to Discuss different aspects of the firm under imperfect competition 6   To be able to evaluate economic decision-making and behavior of consumers and producers in the goods market, as well as to evaluate their behavior in factor markets. 7   To be able to analyze the effects of tax policies.on the balance

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description 1 starting Microeconomic Analysis and Introduction, functions and consumption theory, 2 Consumer equilibrium with respect to Kardinalist and Ordinalist approach 3 Change in the consumer's income: the income-consumption curve and individual consumption function, the demand flexibility. Changes in prices of goods and services, price-consumption curve, Hicks, Slutsky and Giffen Paradox Approach, the demand function and demand flexibility. 4 startup Production theory, production functions, one the balance of the manufacturer according to the production function variables, total product function, short-term action Manufacturer balance, productivity analysis 5 Production functions of several variables according to the producer balance ,returns to scale, Co-product curvesanalysis tools to the analysis of the balance of producers: co- product curves and co-charges rather, co-product curves. According to the analysis of the balance of producers, co-product curves Explanation of movement returns to scale 6 The concept of the market, market characteristics and market classification, Market-perfect competition, perfect competition market equilibrium price, partial equilibrium analysis and consumer surplus, period analysis, cost theory, the total cost, average cost, marginal cost definitions for functions, cost minimization 7 Total revenue, average revenue and marginal revenue functions of a perfectly competitive market in the short term. According to the total revenue and total cost functions the balance of the company in terms of profit maximization, full competitive market in the short term average and marginal profit maximization motion curves 8 Midterm exam 9 Midterm exam 10 Critique of perfect competition, monopoly theory, reasons for the emergence of monopoly, monopolcünün revenue, yield and demand monopolcünün income The flexibility of short-term balance of monopolcünün, monopolcünün long-term balance, the monopoly price discrimination, criticism of monopoly 11 The balance of monopsonist sold their goods in perfectly competitive market, the chain monopoly, bilateral monopoly, short-term and long-term market analysis 12 Oligopoly market; complete and incomplete oligopolistic market oligopolists demand and demand, oligopolistic equilibrium, founded on the existence of competitive behavior oligopoly theory (classical models); Cournot, Bertrand, Edgeworth, and Chamberlin models, Sweezy model of oligopoly theory is based on compromising behavior 13 Factor Markets: perfect competition, imperfect competition 14 General Equilibrium Analysis: Welfare Theory

Recomended or Required Reading

Zeynel Dinler, Mikro Iktisat, Bursa. M. Erdal Ünsal, Mikro Iktisat, Imaj Yay., Ankara.

Planned Learning Activities and Teaching Methods

Lectures are taught by Instructor's course. Encourage students in lessons to make Discussion and active participation in lesson

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA 1 MTE MIDTERM EXAM 2 MTEG MIDTERM GRADE MTEG * 1 3 FIN FINAL EXAM 4 FCGR FINAL COURSE GRADE MTEG * 0.40 + FIN * 0.60 5 RST RESIT 6 FCGR FINAL COURSE GRADE (RESIT) MTEG * 0.40 + RST * 0.60

Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

Language of Instruction

Turkish

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours) Lectures 12 3 36 Preparations before/after weekly lectures 12 2 24 Preparation for midterm exam 1 10 10 Preparation for final exam 1 12 12 Reading 10 2 20 Final 1 1 1 Midterm 1 1 1 TOTAL WORKLOAD (hours) 104

Contribution of Learning Outcomes to Programme Outcomes

PO/LO PO.1 PO.2 PO.3 PO.4 PO.5 PO.6 PO.7 PO.8 PO.9 PO.10 PO.11 PO.12 LO.1 1 LO.2 1 LO.3 1 LO.4 LO.5 LO.6 LO.7 1 1