COURSE UNIT TITLE

: MICROECONOMIC THEORY I

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECN 6031 MICROECONOMIC THEORY I COMPULSORY 3 0 0 10

Offered By

Economics (English)

Level of Course Unit

Third Cycle Programmes (Doctorate Degree)

Course Coordinator

PROFESSOR EVRIM TURGUTLU

Offered to

Economics (English)

Course Objective

The aim of this course is to form the graduate level base for microeconomic theory, which includes individual and aggregate decision modeling, production, firm behavior, profit maximization and cost minimization under different market structure, general equilibrium models and welfare issues. The course also gives an introduction in recent microeconomic topics of game theory and externalities.

Learning Outcomes of the Course Unit

1   Contribute to microeconomic theory literature.
2   Construct models of social and production dynamics.
3   Be able to use mathematical methods to formalize economic concepts and ideas.
4   Be able to analyze optimization problems of the firm under various market conditions.
5   Be able to compare different choice mechanism of social choice and welfare.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Consumer theory
2 Utility and choice
3 Slutsky equation
4 Production theory
5 Perfect competition
6 Monopolistic competition and monopoly
7 Midterm
8 Oligopoly
9 Social choice
10 Welfare economics
11 Externalities
12 Game theory
13 Uncertainty
14 General Overview

Recomended or Required Reading

1. Andreu MasColell, Michael D. Whinston and Jerry R. Green, Microeconomic Theory , Oxford University Press (1995)
2. David M. Kreps, A Course in Microeconomic Theory, Princeton University Press (1990).
3. Lecture Notes

Planned Learning Activities and Teaching Methods

1. Lectures
2. Class Discussions
3. Assignments

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 STT TERM WORK (SEMESTER)
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.30 + STT * 0.30 + FIN* 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.30 + RST* 0.40


*** 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 use necessary optimization methods to solve the choice problem of the consumer and producer.
3. The learner will interpret the welfare implications of possible government interventions.
4. The learner will interpret the implications of microeconomic theory in evaluating and analyzing current market structures.

Language of Instruction

English

Course Policies and Rules

It is obligatory to attend at least 70% of the classes.

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 13 3 39
Tutorials 13 2 26
Preparations before/after weekly lectures 13 4 52
Preparation for midterm exam 1 35 35
Preparation for final exam 1 40 40
Preparing assignments 5 6 30
Preparing presentations 1 20 20
Midterm 1 2 2
Final 1 2 2
Quiz etc. 1 2 2
TOTAL WORKLOAD (hours) 248

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10
LO.154
LO.24
LO.3345
LO.444
LO.5552

CONTACT INFORMATION
Dokuz Eylül Üniversitesi Cumhuriyet Bulvarı No: 144 35210 Alsancak / İZMİR
Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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