COURSE UNIT TITLE

: MICROECONOMICS II

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECO 2002 MICROECONOMICS II COMPULSORY 3 0 0 6

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR EVRIM TURGUTLU

Offered to

Economics

Course Objective

The aim of this course is to examine how the interactions of consumers, producers and government determine decision making process concerning the prices, output and regulations. The course also introduces how microeconomic theory is used to analyze and evaulate contemporary market systems.

Learning Outcomes of the Course Unit

1   Demonstrate understanding of consumer behavior and hence the demand side of the market so that s/he can analyze and evaluate reason of behavior of purchasing goods and services.
2   Be able to define production and cost functions indicating different technologies.
3   Be able to analyze cost minimization and profit maximization problems of the firm under various market conditions.
4   Be able to distinguish the implications of government regulations under different market structures such as perfect competition, monopoly, oligopoly, etc.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

ECO 2001 - MICROECONOMICS I

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Technology
2 Cost Curves
3 Cost minimization
4 Profit maximization
5 Firm supply
6 Industry supply
7 Perfect Competition
8 Monompoy and Monopoly Behaviour
9 Oligopoly
10 Factor Markets
11 General Equilibrium
12 Welfare

Recomended or Required Reading

Varian, H. (2010) Intermediate Microeconomics A Modern Approach, 8th Edition, WW. Norton & Company, New York.

Planned Learning Activities and Teaching Methods

1. Lecture
2. Problem solving

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 QUZ QUIZ
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT)


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will clearly define basic concepts used in microeconomic theory.
2. The learner will elaborate the properties of short run and long run production functions.
3. The learner will solve profit maximization problem of the firms under different market structures.
4. The learner will interpret the welfare implications of possible government interventions.

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

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
Tutorials 10 2 20
Preparation for midterm exam 1 15 15
Preparation for final exam 1 15 15
Preparation for quiz etc. 7 1 7
Preparing assignments 12 2 24
Preparations before/after weekly lectures 12 2 24
Final 1 2 2
Midterm 1 2 2
Quiz etc. 7 1 7
TOTAL WORKLOAD (hours) 152

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14
LO.1435
LO.2445
LO.32534
LO.4

CONTACT INFORMATION
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Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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