COURSE UNIT TITLE

: MICROECONOMIC ANALYSIS

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
EFE 7031 MICROECONOMIC ANALYSIS COMPULSORY 3 0 0 6

Offered By

Master`s Degree in Financial Economics (Non-Thesis-Evening)

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR DOCTOR SAADET KASMAN

Offered to

Master`s Degree in Financial Economics (Non-Thesis-Evening)

Course Objective

The aim of this course is to make students learn key concepts in microeconomics and basic tools to understand an allocation mechanism of markets such as individual and aggregate decision modeling, production, firm behavior, profit maximization and cost minimization under different market structure, general equilibrium models and welfare issues.

Learning Outcomes of the Course Unit

1   Identify key concepts in microeconomics..
2   Describe basic models, such as demand and supply.
3   Be able to use mathematical methods to formalize economic concepts and ideas.
4   Be able to analyze optimization problems of the firm under various market conditions.
5   Explain basic economic phenomena, using economic models.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Consumer theory
2 Demand
3 Consumer welfare
4 Firms and production
5 Costs
6 Competitive firms and markets
7 Midterm
8 General Equilibrium and Economic Welfare
9 Monopoly
10 Pricing and Advertising
11 Game theory
12 Oligopoly
13 Uncertainty
14 Final Exam

Recomended or Required Reading

Jeffrey M. Perloff , Microeconomics , Prentice Hall, 6th Edition,(2011)

Planned Learning Activities and Teaching Methods

1. Lectures
2. Class Discussions
3. Assignments

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 * 0.30 + FIN* 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.30 + RST* 0.40


Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will clearly define basic concepts used in microeconomic theory.
2. The learner will describe basic models, such as demand and supply.
3. The learner will be able to use mathematical methods to formalize economic concepts and ideas
4. The learner will be able to explain basic economic phenomena, using economic models.

Language of Instruction

English

Course Policies and Rules

It is obligatory to attend at least 70% of the classes.

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 12 3 36
Preparations before/after weekly lectures 12 5 60
Preparation for midterm exam 1 20 20
Preparation for final exam 1 30 30
Midterm 1 2 2
Final 1 2 2
TOTAL WORKLOAD (hours) 150

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10
LO.135454
LO.2545354
LO.35444
LO.4435
LO.555444355