ECON 202 Microeconomic Theory IIMEF UniversityDegree Programs PsychologyGeneral Information For StudentsDiploma SupplementErasmus Policy Statement
Psychology
Bachelor Length of the Programme: 4 Number of Credits: 240 TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF: Level 6

Ders Genel Tanıtım Bilgileri

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 Seçiniz
Semester Spring
Contact Hours per Week
Lecture: 3 Recitation: 0 Lab: 0 Other: 0
Estimated Student Workload 136 hours per semester
Number of Credits 5 ECTS
Grading Mode Standard Letter Grade
Pre-requisites ECON 201 - Microeconomic Theory I
Expected Prior Knowledge Knowledge of microeconomics and mathematics.
Co-requisites None
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 Description in Turkish Bu ders, bireysel ekonomik aktörlerin (bireyler, hane halkları, firmalar veya hükümetler) motivasyonunu ve piyasalarda nasıl etkileştiklerini anlamak için mikroekonomik teorileri analiz etmektir. Öğreniciler standart matematiksel terimlerle belirlenen mikroekonomik modelleri öğreneceklerdir. Bu ders, üretim ve piyasa yapısı konularının kavranmasına ağırlık vermektedir ayrıca Mikroekonomik Teori I dersinin devamıdır.

Course Learning Outcomes and Competences

Upon 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) Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology.
2) Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation.
3) Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes.
4) Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts.
5) Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline.
6) Internalization and dissemination of professional ethical standards.
7) Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences.
8) Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level).
9) Recognition, understanding, and respect for the complexity of sociocultural and international diversity.
10) Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement.
11) Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses.
12) Ability to acquire knowledge independently, and to plan one’s own learning.
13) Demonstration of advanced competence in the clarity and composition of written work and presentations.

Relation to Program Outcomes and Competences

N None S Supportive H Highly Related
     
Program Outcomes and Competences Level Assessed by
1) Thorough knowledge of the major concepts, theoretical perspectives, empirical findings, and historical trends in psychology. N
2) Understanding of and ability to apply essential research methods in psychology, including research design, data analysis, and data interpretation. N
3) Competence to use critical and creative thinking, skeptical inquiry and a scientific approach to solving problems related to behavior and mental processes. H Exam,HW,Participation
4) Understanding and ability to apply psychological principles, skills and values in personal, social, and organizational contexts. N
5) Ability to weigh evidence, to tolerate ambiguity, and to reflect other values that underpin psychology as a discipline. N
6) Internalization and dissemination of professional ethical standards. N
7) Demonstration of competence in information technologies, and the ability to use computer and other technologies for purposes related to the pursuit of knowledge in psychology and the broader social sciences. N
8) Skills to communicate the knowledge of psychological science effectively, in a variety of formats, in both Turkish and in English (in English, at least CEFR B2 level). N
9) Recognition, understanding, and respect for the complexity of sociocultural and international diversity. S Participation
10) Recognition for the need for, and the skills to pursue, lifelong learning, inquiry, and self-improvement. S HW,Participation
11) Ability to formulate critical hypotheses based on psychological theory and literature, and design studies to test those hypotheses. N
12) Ability to acquire knowledge independently, and to plan one’s own learning. S Exam,HW
13) Demonstration of advanced competence in the clarity and composition of written work and presentations. H Exam,HW
Prepared by and Date BURHAN CAN KARAHASAN , December 2023
Course Coordinator BURHAN CAN KARAHASAN
Semester Spring
Name of Instructor Prof. Dr. BURHAN CAN KARAHASAN

Course Contents

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 ReadingsMICROECONOMICS, 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 MethodsFlipped classroom
Homework and Projects
Laboratory Worknone
Computer Usenone
Other Activitiesnone
Assessment Methods
Assessment Tools Count Weight
Quiz(zes) 3 % 30
Midterm(s) 1 % 30
Final Examination 1 % 40
TOTAL % 100
Course Administration karahasanb@mef.edu.tr

Prof. Dr. Burhan Can Karahasan

ECTS Student Workload Estimation

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