FACULTY OF BUSINESS
Department of Economics
ECON 212 | Course Introduction and Application Information
Course Name |
Theory of Microeconomics II
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
ECON 212
|
Spring
|
3
|
0
|
3
|
5
|
Prerequisites |
|
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Course Language |
English
|
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Course Type |
Required
|
|||||||||||||
Course Level |
First Cycle
|
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Mode of Delivery | - | |||||||||||||
Teaching Methods and Techniques of the Course | - | |||||||||||||
Course Coordinator | - | |||||||||||||
Course Lecturer(s) | ||||||||||||||
Assistant(s) |
Course Objectives | The course aims to give students intermediate level treatment of the microeconomic methods to solve firm / production / market specific issues. |
Learning Outcomes |
The students who succeeded in this course;
|
Course Description | The course will focus on the supply side of the market. It will start focusing on the basic behavior of the firm, profit maximization and cost minimization to achieve the total cost of production. Building on these results firm behavior in different market settings the market behavior in various settings, starting with the two extreme cases: perfectly competitive markets and monopoly, and then move to intermediate cases, monopolistic competition and oligopoly will be examined. For understanding of the strategic interaction of firms in Oligopolistic market a brief introduction to game theory will be provided. |
|
Core Courses |
X
|
Major Area Courses | ||
Supportive Courses | ||
Media and Management Skills Courses | ||
Transferable Skill Courses |
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
Week | Subjects | Related Preparation |
1 | Technology | Intermediate Microeconomics A Modern Approach Chp. 18 |
2 | Profit Maximization | Intermediate Microeconomics A Modern Approach Chp. 19 |
3 | Cost Minimization | Intermediate Microeconomics A Modern Approach Chp. 20 |
4 | Cost Curves | Intermediate Microeconomics A Modern Approach Chp. 21 |
5 | Midterm exam | |
6 | Firm Supply | Intermediate Microeconomics A Modern Approach Chp. 22 |
7 | Industry Supply | Intermediate Microeconomics A Modern Approach Chp. 23 |
8 | Monopoly | Intermediate Microeconomics A Modern Approach Chp. 24 |
9 | Monopoly Behavior | Intermediate Microeconomics A Modern Approach Chp. 25 |
10 | Midterm exam | |
11 | Game Theory | Intermediate Microeconomics A Modern Approach Chp. 28 |
12 | Oligopoly | Intermediate Microeconomics A Modern Approach Chp. 27 |
13 | Oligopoly | Intermediate Microeconomics A Modern Approach Chp. 27 |
14 | Oligopoly | Intermediate Microeconomics A Modern Approach Chp. 27 |
15 | Review of the semester | |
16 | Review of the semester |
Course Notes/Textbooks | Varian, Hal, Intermediate Microeconomics, W. W. Norton & Company, 8th edition, 2010 |
Suggested Readings/Materials |
EVALUATION SYSTEM
Semester Activities | Number | Weigthing |
Participation | ||
Laboratory / Application | ||
Field Work | ||
Quizzes / Studio Critiques | ||
Portfolio | ||
Homework / Assignments | ||
Presentation / Jury | ||
Project | ||
Seminar / Workshop | ||
Oral Exams | ||
Midterm |
2
|
60
|
Final Exam |
1
|
40
|
Total |
Weighting of Semester Activities on the Final Grade |
2
|
60
|
Weighting of End-of-Semester Activities on the Final Grade |
1
|
40
|
Total |
ECTS / WORKLOAD TABLE
Semester Activities | Number | Duration (Hours) | Workload |
---|---|---|---|
Theoretical Course Hours (Including exam week: 16 x total hours) |
16
|
3
|
48
|
Laboratory / Application Hours (Including exam week: '.16.' x total hours) |
16
|
0
|
|
Study Hours Out of Class |
16
|
2
|
32
|
Field Work |
0
|
||
Quizzes / Studio Critiques |
0
|
||
Portfolio |
0
|
||
Homework / Assignments |
0
|
||
Presentation / Jury |
0
|
||
Project |
0
|
||
Seminar / Workshop |
0
|
||
Oral Exam |
0
|
||
Midterms |
2
|
20
|
40
|
Final Exam |
1
|
30
|
30
|
Total |
150
|
COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP
#
|
Program Competencies/Outcomes |
* Contribution Level
|
||||
1
|
2
|
3
|
4
|
5
|
||
1 | To be able to acquire a sound knowledge of fundamental concepts, theories, principles and methods of investigation specific to the economic field. |
X | ||||
2 | To be able to apply adequate mathematical, econometric, statistical and data analysis models to process economic data and to implement scientific research for development of economic policies. |
|||||
3 | To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently. |
|||||
4 | To be able to have adequate social responsibility with regards to the needs of the society and to organize the activities to influence social dynamics in line with social goals. |
|||||
5 | To be able to integrate the knowledge and training acquired during the university education with personal education and produce a synthesis of knowledge one requires. |
|||||
6 | To be able to evaluate his/her advance level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically. |
|||||
7 | To be able to acquire necessary skills to integrate social dynamics into economic process both as an input and an output. |
X | ||||
8 | To be able to link accumulated knowledge acquired during the university education with historical and cultural qualities of the society and be able to convey it to different strata of society. |
X | ||||
9 | To be able to take the responsibility as an individual and as a team member. |
|||||
10 | To be able to attain social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis. |
X | ||||
11 | To be able to collect data in economics and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1) |
X | ||||
12 | To be able to speak a second foreign at a medium level of fluency efficiently. |
|||||
13 | To be able to relate the knowledge accumulated throughout human history to their field of economics. |
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
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