| School/Faculty/Institute | Faculty of Economics, Administrative and Social Sciences | ||||
| Course Code | ECON 202 | ||||
| Course Title in English | Microeconomic Theory II | ||||
| Course Title in Turkish | Mikroekonomik Teori II | ||||
| Language of Instruction | EN | ||||
| Type of Course | Flipped Classroom | ||||
| Level of Course | Intermediate | ||||
| Semester | Spring | ||||
| Contact Hours per Week |
|
||||
| Estimated Student Workload | 136 hours per semester | ||||
| Number of Credits | 5 ECTS | ||||
| Grading Mode | Standard Letter Grade | ||||
| Pre-requisites |
ECON 201 - Microeconomic Theory I |
||||
| Co-requisites | None | ||||
| Expected Prior Knowledge | Knowledge of microeconomics and mathematics. | ||||
| Registration Restrictions | Only Undergraduate Students | ||||
| Overall Educational Objective | To improve one’s understanding of microeconomic concepts and some mathematical tools related to producer theory. | ||||
| Course Description | Learners analyze microeconomic theories in order to capture the motivation of individual economic agents (individuals, households, firms or governments) and how they interact in markets. They develop their understanding of microeconomic models specified in standard mathematical terms. The emphasis is put on the topics of production and market structure. This course is the continuation of Microeconomic Theory I. |
Course Learning Outcomes and CompetencesUpon successful completion of the course, the learner is expected to be able to:1) Compare different market structures 2) Define pricing under different competition levels 3) Analyze factor markets with microeconomic tools 4) Define different dimensions of technological improvements 5) Understand different information problems |
| Program Learning Outcomes/Course Learning Outcomes | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| 1) Has a broad foundation and intellectual awareness with exposure to mathematics, history, economics, and social sciences | |||||
| 2) Demonstrates knowledge and skills in different functional areas of business (accounting, finance, operations, marketing, strategy, and organization) and an understanding of their interactions within various industry sectors | |||||
| 3) Applies theoretical knowledge as well as creative, analytical, and critical thinking to manage complex technical or professional activities or projects | |||||
| 4) Exhibits an understanding of global, environmental, economic, legal, and regulatory contexts for business sustainability | |||||
| 5) Demonstrates individual and professional ethical behavior and social responsibility | |||||
| 6) Demonstrates responsiveness to ethnic, cultural, and gender diversity values and issues | |||||
| 7) Uses written and spoken English effectively (at least CEFR B2 level) to communicate information, ideas, problems, and solutions | |||||
| 8) Demonstrates skills in data and information acquisition, analysis, interpretation, and reporting | |||||
| 9) Displays computer proficiency to support problem solving and decision-making | |||||
| 10) Demonstrates teamwork, leadership, and entrepreneurial skills | |||||
| 11) Displays learning skills necessary for further study with a high degree of autonomy |
| N None | S Supportive | H Highly Related |
| Program Outcomes and Competences | Level | Assessed by | |
| 1) | Has a broad foundation and intellectual awareness with exposure to mathematics, history, economics, and social sciences | N | |
| 2) | Demonstrates knowledge and skills in different functional areas of business (accounting, finance, operations, marketing, strategy, and organization) and an understanding of their interactions within various industry sectors | N | |
| 3) | Applies theoretical knowledge as well as creative, analytical, and critical thinking to manage complex technical or professional activities or projects | N | |
| 4) | Exhibits an understanding of global, environmental, economic, legal, and regulatory contexts for business sustainability | N | |
| 5) | Demonstrates individual and professional ethical behavior and social responsibility | N | |
| 6) | Demonstrates responsiveness to ethnic, cultural, and gender diversity values and issues | N | |
| 7) | Uses written and spoken English effectively (at least CEFR B2 level) to communicate information, ideas, problems, and solutions | S | Presentation |
| 8) | Demonstrates skills in data and information acquisition, analysis, interpretation, and reporting | S | Participation |
| 9) | Displays computer proficiency to support problem solving and decision-making | N | |
| 10) | Demonstrates teamwork, leadership, and entrepreneurial skills | S | Participation |
| 11) | Displays learning skills necessary for further study with a high degree of autonomy | S | Participation |
| Prepared by and Date | BURHAN CAN KARAHASAN , December 2023 |
| Course Coordinator | BURHAN CAN KARAHASAN |
| Semester | Spring |
| Name of Instructor | Prof. Dr. BURHAN CAN KARAHASAN |
| Week | Subject |
| 1) | Introduction |
| 2) | Technology and revisiting production theory |
| 3) | Exchange and General Equilibrium |
| 4) | Welfare |
| 5) | Monopoly and monopsony |
| 6) | Pricing and advertising |
| 7) | Game Theory |
| 8) | Oligopoly and monopolistic competition |
| 9) | Factor markets |
| 10) | Uncertainty |
| 11) | Property rights, externalities, rivalry, and exclusion |
| 12) | Public good |
| 13) | Asymmetric information |
| 14) | Contracts and moral hazard |
| 15) | Final Examination Period |
| 16) | Final Examination Period |
| Required/Recommended Readings | MICROECONOMICS, Perfloff (Pearson) MICROECONOMICS, Pindyck R.S. and Rubinfeld D.L. (9th Edition, Pearson) INTERMEDIATE MICROECONOMICS, Hal R. Varian (9th Edition, W. W. Norton Company) | |||||||||||||||
| Teaching Methods | Flipped classroom | |||||||||||||||
| Homework and Projects | None | |||||||||||||||
| Laboratory Work | None | |||||||||||||||
| Computer Use | None | |||||||||||||||
| Other Activities | None | |||||||||||||||
| Assessment Methods |
|
|||||||||||||||
| Course Administration |
karahasanb@mef.edu.tr Prof. Dr. Burhan Can Karahasan Each week a three hour lecture will be done. Lecture materials (ppts., readings and videos) will be distributed digitally before the related lecture. Students are expected to work with these materials before the lecture. Active lecture discussion will be carried out based on the assigned materials. Additional lecture works and related requirements will be available in the course syllabus. |
|||||||||||||||
| Activity | No/Weeks | Hours | Calculation | ||||
| No/Weeks per Semester | Preparing for the Activity | Spent in the Activity Itself | Completing the Activity Requirements | ||||
| Course Hours | 14 | 2 | 3 | 1 | 84 | ||
| Quiz(zes) | 4 | 5 | 1 | 24 | |||
| Midterm(s) | 1 | 10 | 2 | 12 | |||
| Final Examination | 1 | 14 | 2 | 16 | |||
| Total Workload | 136 | ||||||
| Total Workload/25 | 5.4 | ||||||
| ECTS | 5 | ||||||