| School/Faculty/Institute |
Faculty of Econ., Admin. 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 |
Select |
| 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
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| Program Learning Outcomes/Course Learning Outcomes |
1 |
2 |
3 |
4 |
5 |
| 1) Has a broad understanding of economics with a deep exposure to other social sciences and mathematics. |
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| 2) Demonstrates knowledge and skills in understanding the interactions of different areas of economics. |
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| 3) Displays a sound comprehension of microeconomic and macroeconomic theory.
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| 4) Applies economic concepts to solve complex problems and enhance decision-making capability. |
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| 5) Uses quantitative techniques to analyze different economic systems.
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| 6) Applies theoretical knowledge to analyze issues regarding Turkish and global economies. |
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| 7) Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data. |
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| 8) Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings.
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| 9) Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information. |
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| 10) Exhibits individual and professional ethical behavior and social responsibility. |
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| 11) Displays learning skills necessary for further study with a high degree of autonomy |
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Relation to Program Outcomes and Competences
| N None |
S Supportive |
H Highly Related |
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Program Outcomes and Competences |
Level |
Assessed by |
| 1) |
Has a broad understanding of economics with a deep exposure to other social sciences and mathematics. |
H |
Exam
|
| 2) |
Demonstrates knowledge and skills in understanding the interactions of different areas of economics. |
H |
Exam
|
| 3) |
Displays a sound comprehension of microeconomic and macroeconomic theory.
|
H |
Exam
|
| 4) |
Applies economic concepts to solve complex problems and enhance decision-making capability. |
S |
|
| 5) |
Uses quantitative techniques to analyze different economic systems.
|
S |
Exam
|
| 6) |
Applies theoretical knowledge to analyze issues regarding Turkish and global economies. |
S |
Exam
|
| 7) |
Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data. |
N |
|
| 8) |
Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings.
|
S |
|
| 9) |
Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information. |
S |
Exam
|
| 10) |
Exhibits individual and professional ethical behavior and social responsibility. |
S |
Exam
|
| 11) |
Displays learning skills necessary for further study with a high degree of autonomy |
H |
Exam
|
| 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 |
Information Package / Course Catalogue