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Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS FIB 5124 MICROECONOMIC ANALYSIS II ELECTIVE 3 0 0 5

Offered By

Financial Economics and Banking

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

ASSISTANT PROFESSOR AYŞE ELIF AY YALÇINKAYA

Offered to

Financial Economics and Banking

Course Objective

The aim of the course is to put forward the utility and profit maximizing principles of micro units in the economy and to investigate welfare increasing principles of personal and social welfare.

Learning Outcomes of the Course Unit

1   To be able to learn the price creation of goods and services in different market structures 2   To be able to learn the factor prices in different market structures 3   To be able to learn optimum conditions of Pareto 4   To be able to learn personal and social welfare increasing principles 5   To be able to learn the reasons of market failures

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description 1 1 Short run equilibrum of monopolist firm 2 2 Long run equilibrum of monopolist firm 3 3 Equilibrum in the non-collusive oligopol models 4 4 Equilibrum in the collusive oligopol models 5 5 Short run equilibrum in the monopolistic competition markets 6 6 Long run equilibrum in the monopolistic competition markets 7 7 Long run equilibrum in the monopolistic competition markets 8 8 Long run equilibrum in the monopolistic competition markets 9 9 Factor price formation in the conditions of perfect competition in the goods and services markets 10 10 Factor price formation in the conditions of imperfect competition in the goods and services markets 11 11 Welfare theorem: Pareto optimality 12 12 Efficiency and common efficiency in the production and consumption 13 13 Market failure: The presence of market power and externalities 14 14 The presence of public domains and asymmetric information

Recomended or Required Reading

1. Bulmuş, Ismail. Mikroiktisat, Eğitim Yayınları, Ankara, 1994 2. Koutsoyiannis, A. Modern Microeconomics, Second Edition, The Macmillan Press Ltd. 1979 3. Ormiston, Michael B. Intermediate Microeconomics, Harcourt Brace Jovanovich, Inc. 1992 4. Ünsal, Erdal, Mikroiktisat, Gozden Geçirilmiş ve Genişletilmiş Ikinci Baskı, Kutsan Ofset Matbaacılık, Ankara 1998

Planned Learning Activities and Teaching Methods

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA 1 MTE MIDTERM EXAM 2 STT TERM WORK (SEMESTER) 3 FIN FINAL EXAM 4 FCG FINAL COURSE GRADE MTE * 0.30 + STT * 0.20 + FIN* 0.50 5 RST RESIT 6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.20 + RST* 0.50

Further Notes About Assessment Methods

None

Assessment Criteria

To be announced.

Language of Instruction

Turkish

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours) Lectures 14 3 42 Preparation for midterm exam 1 16 16 Preparation for final exam 1 20 20 Preparations before/after weekly lectures 14 2 28 Preparing assignments 1 15 15 Midterm 1 2 2 Final 1 2 2 TOTAL WORKLOAD (hours) 125

Contribution of Learning Outcomes to Programme Outcomes

PO/LO PO.1 PO.2 PO.3 PO.4 PO.5 PO.6 PO.7 PO.8 PO.9 LO.1 2 5 LO.2 2 5 5 4 LO.3 2 5 5 LO.4 4 4 5 3 LO.5 5 5 2