| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İKT202B2 | Microeconomics II | Compulsory | 2 | 4 | 5 |
|
| Level of Course Unit |
| First Cycle |
| Objectives of the Course |
| A primary aim of Microeconomic theory is the analysis of how price and output are determined in the market. In this context, will be regarding the concept of production, the aim of firm to be introduced, will explained the concept of periods of short and long periods with one variable input of production and with two variable inputs of production functions studied, the long-run and returns to scale concept presented, constant, increasing and decreasing returns to scale, will be examined under which conditions occur, the nature of production costs, explicit costs, implicit costs, the opportunity cost (or alternatively the cost), private and social cost, the optimal factor combination, iso-cost line, the product maximization, cost minimization, the total cost of the short and long-run per unit cost curves with the curves examined, how price and output are determined under perfect competition and, how price and output are determined under monopoly and will detailed examined. |
| Name of Lecturer(s) |
| Dr. Ögr. Üyesi. Sevim AKGÜL |
| Learning Outcomes |
| 1 | Will be able to explain monopoly market and firm equilibrium in this market. | | 2 | will be able to explain the structure and functioning of the monopsony market | | 3 | Will be able to define firm equilibrium in oligopoly market and oligopoly theories | | 4 | will be able to state the factors affecting factor supply and factor demand and will be able to analyze equilibrium in factor markets | | 5 | will be able to explain the concept of general equilibrium and welfare and its simplifying assumptions. |
|
| Mode of Delivery |
| Normal Education |
| Prerequisites and co-requisities |
| None |
| Recommended Optional Programme Components |
| None |
| Course Contents |
| Microeconomic theory studies the economic behavior of individual decision-making units such as individual consumers, resource owners and business firms. |
| Weekly Detailed Course Contents |
|
| 1 | Organization of Production and Classification of Inputs | | | | 2 | Production with Two Variable Inputs | | | | 3 | Production with Two Variable Inputs | | | | 4 | Long-Run and Return to Scale | | | | 5 | Production Costs | | | | 6 | Cost Functions in the Short-Run | | | | 7 | Cost Functions in the Long-Run | | | | 8 | Mid-Term Exam | | | | 9 | Perfect Competition | | | | 10 | Short-Run Equilibrium of the Firm in Perfect Competition | | | | 11 | Long-Run Equilibrium of the Firm and Industry in Perfect Competition | | | | 12 | Monopoly | | | | 13 | Costs in Monopoly and Short-Run Equilibrium | | | | 14 | Long-Run Equilibrium and Multi-Plant Monopoly | | | | 15 | Price Discrimination and Regulation of Monopolies | | |
|
| Recommended or Required Reading |
| Ünsal, E. (2011) Mikro İktisat , İmaj Yayıncılık, Ankara.
Other Microeconomics books (Bachelor Degree) |
| Planned Learning Activities and Teaching Methods |
|
| Assessment Methods and Criteria | |
| Midterm Examination | 1 | 100 | | SUM | 100 | |
| Final Examination | 1 | 100 | | SUM | 100 | | Term (or Year) Learning Activities | 40 | | End Of Term (or Year) Learning Activities | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | | None |
|
| Workload Calculation |
|
| Midterm Examination | 1 | 1 | 1 |
| Final Examination | 1 | 1 | 1 |
| Attending Lectures | 14 | 4 | 56 |
| Self Study | 14 | 3 | 42 |
| Individual Study for Mid term Examination | 1 | 25 | 25 |
| Individual Study for Final Examination | 1 | 30 | 30 |
|
| Contribution of Learning Outcomes to Programme Outcomes |
| LO1 | 4 | 4 | 4 | 4 | 3 | 4 | 3 | | LO2 | 5 | 2 | 4 | 3 | 4 | 4 | 3 | | LO3 | 4 | 4 | 4 | 4 | 3 | 4 | 2 | | LO4 | 5 | 2 | 4 | 3 | 5 | 4 | 2 | | LO5 | 5 | 4 | 3 | 4 | 3 | 4 | 2 |
|
| * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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