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Description of Individual Course Units

Course Unit Code Course Unit Title Type of Course Unit Year of Study Semester Number of ECTS Credits
9204095302015 Advanced Microeconomic Analysis 1 2 6,00

Level of Course Unit

Yüksek Lisans

Language of Instruction

Turkish

Objectives of the Course

The aim of this course is to develop ability analyzing, discussion of micro economic problem at the regional level.

Name of Lecturer(s)

Learning Outcomes

1 1. The ability to use quantitative techniques to analyze microeconomic problems at advanced level
2 2. The development of analytical thinking and problems solving skills
3 3. The skills in defining and interpreting economic systems, decision procedures and policies
4 4. To be able to describe and explain economic policy at regional level

Mode of Delivery

Prerequisities and Co-Requisities

None

Recommended Optional Programme Components

None

Content of the Course

Consumer Theory, The Theory of Production, Theory of Perfect Competition, Monopoly Theory, Monopolistic Competition Theory, Oligopoly Theories, Markets for Factor Inputs, Inputs Demand, Inputs Supply, General Equilibrium Theory, Welfare Economics, Income distribution and Poverty, The measuring of inequality of income distribution, Theories of income distribution, The concepts of poverty, Measuring of poverty and the reason of it, Knowledge Economy…

Weekly Detailed Course Contents

Week Subjects (Theoretical) Teaching Methods Preparatory
1 Consumer Theory 1. Cardinal Utility Approach 2. Consumer Preferences 3. Indifference Curves 4. Budget Line 5. consumer's equilibrium 6. The change of consumer’s equilibrium
2 The Theory of Production 1. Production Function 2. Isoquant Curves 3. Elasticity of substitution 4. Production in the Short-Run and Long-Run 5. Minimum cost production 6. Returns to Scale
3 Theory of Perfect Competition 1. Revenue curve of firms 2. Output Decision in the Short-Run 3. Firm’s Short-Run Supply Curves 4. Market Short-Run Supply curve and Equilibrium 5. Output Decision in the Long-Run 6. The Industry Long-Run Supply Curve
4 Monopoly Theory 1. Source and feature of monopoly 2. Revenue curve in monopoly 3. Output Decision of Monopoly 4. The objection of monopoly
5 Monopolistic Competition Theory 1. The Features of monopolistic competition market 2. Short and Long-Run equilibrium 3. Efficiency in the monopolistic competition 4. The result of monopolistic competitive 5. Comparison of perfect competitive, monopoly and monopolistic competition
6 Oligopoly Theories 1. Description of oligopoly 2. Cournot Model 3. Bertnard Model 4. Edgeworth Model 5. Chamberlin Model 6. Sweezy Model 7. Competitive in Oligopoly 8. Welfare effect of Oligopoly
7 Markets for Factor Inputs I. Inputs Demand 1. Production of minimum cost and profit maximization 2. Inputs Demand in Perfect competition 3. Inputs Demand in Imperfect competition
8 Midterm Exam
9 Markets for Factor Inputs I. Inputs Demand 1. Production of minimum cost and profit maximization 2. Inputs Demand in Perfect competition 3. Inputs Demand in Imperfect competition
10 Markets for Factor Inputs II. Inputs Supply 1. Labour supply 2. Land supply 3. Capital supply 4. Equilibrium in the inputs markets and Price of inputs
11 General Equilibrium Theory 1. General equilibrium of barter 2. General equilibrium in the production 3. The existence of general equilibrium
12 Welfare Economics 1. Pareto Optimality 2. Bergson and Kaldor criterion 3. Pareto optimality and perfect competition 4. Imperfect competition and welfare maximization 5. Perfect Competition and Externalities 6. Second Best Theorem
13 Income distribution and Poverty 1. The concepts of income distribution 2. The measuring of inequality of income distribution 3. Theories of income distribution 4. The concepts of poverty 5. Measuring of poverty and the reason of it.
14 Knowledge Economy 1. The importance of knowledge 2. The development process of knowledge economy 3. The source of knowledge and its classification 4. Knowledge economy 5. Supply and Demand of knowledge 6. Knowledge markets and its features 7. Price behaviour in the knowledge markets 8. Monopolization and Barrier to entry 9. Knowledge and new growth models
15 Knowledge Economy 1. The importance of knowledge 2. The development process of knowledge economy 3. The source of knowledge and its classification 4. Knowledge economy 5. Supply and Demand of knowledge 6. Knowledge markets and its features 7. Price behaviour in the knowledge markets 8. Monopolization and Barrier to entry 9. Knowledge and new growth models
16 Final Exam

Text Book / Material / Recommended Resources

Pyndyck, R and D. Rubinfeld, (2009) Microeconomics, 7th ed., Pearson Education International, New Jersey. Varian, H. (1999) Intermediate Microeconomics, 3rd ed, WWNorton and Company, New York Eaton, Curtis B., Diane F. Eaton, and Douglas W. Allen, Microeconomics (5th edition), Prentice Hall, Toronto, 2002 Koutsoyinannis, A. Modern Microeconomics; Second Edition, Mc Millan, 1998.

Planned Learning Activities and Teaching Methods

Activities are given in detail in the sections of "Assessment Methods and Criteria" and "Workload Calculation".

Assessment Methods and Criteria

Term (or Year) Learning Activities Quantity Weight
Midterm Examination 1 100
Total 100
End Of Term (or Year) Learning Activities Quantity Weight
Final Examination 1 100
Total 100
Term (or Year) Learning Activities 40
End Of Term (or Year) Learning Activities 60

Work Pacement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Midterm Examination 1 2 2
Final Examination 1 2 2
Attending Lectures 16 3 48
Seminar 2 5 10
Self Study 16 5 80
Individual Study for Mid term Examination 10 2 20
Individual Study for Final Examination 10 2 20
Total Work Load (hours) 182

Contribution of Learning Outcomes to Programme Outcomes

PO 1 PO 2 PO 3 PO 4 PO 5 PO 6 PO 7 PO 8 PO 9 PO 10 PO 11 PO 12 PO 13 PO 14 PO 15 PO 16 PO 17 PO 18
LO 1 2 5 3 3
LO 2 2 5 3 3
LO 3 2 5 4 4
LO 4 2 5 5 5 4 5 4 5 5
* Contribution Level: 1 Very low 2 Low 3 Medium 4 High 5 Very High