Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
9102065162001Micro Economic AnalysisElective128
Level of Course Unit
Second Cycle
Objectives of the Course
The aim of this course is to provide the graduate level students with the capacity to understand the microeconomic theory and its relation with the real world context; and to enable them to use the underlined capacity for analysis. While mathematical applications of microeconomics will be focused on; the role of the theory - basically in the research on demand and supply - will be explained, also with help of search on scientific articles.
Name of Lecturer(s)
Prof. Dr. Canan Abay, Prelector Dr. Özlem Karahan Uysal
Learning Outcomes
1To be able approach microeconomic problems with most relevant analysis methodology
2To be able to analyze the relations between variables in micro economics graphically, numerically and orally
3To build self-confidence through discussions and problem solving practices in class
4To have necessary skills for making research, analysis and synthesis through writing term papers
5To be able to interpret the daily economic events and problems under the microeconomic theory
Mode of Delivery
Face to Face
Prerequisites and co-requisities
None
Recommended Optional Programme Components
None
Course Contents
Theory of Consumer Behavior (Utility Functions, Duality Theories, Problem of Selection under Risk, Optimization, Demand Functions, Elasticity) Theory of Firm (Production Functions, Duality in Production, Production Under Uncertainty, Supply Analysis, Elasticity, Optimization, Input Demand Functions, Cost Functions, Profit Functions, Profit Maximization) Pricing in the Goods Market and General Equilibrium (Partial Equilibrium and General Equilibrium Analysis; Static and Dynamic Analysis) Welfare Economics (Pareto Optimum, Social Welfare Criteria, Social Welfare Functions, Maximization of Social Welfare, Efficiency and Market Failure)
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1Theory of Consumer Behavior, Utility Functions
2Theory of Consumer Behavior, Duality Theories
3Theory of Consumer Behavior, Problem of Selection under Risk, Optimization
4Theory of Consumer Behavior, Demand Functions, Elasticity
5Theory of Firm, Production Functions
6Theory of Firm, Duality in Production, Production Under Uncertainty
7Theory of Firm, Supply Analysis, Elasticity
8Midterm exam
9Theory of Firm, Input Demand Functions, Cost Functions
10Theory of Firm, Profit Functions, Profit, Maximization
11Pricing in the Goods Market and General Equilibrium, Partial Equilibrium Analysis
12Pricing in the Goods Market and General Equilibrium, General Equilibrium Analysis
13Pricing in the Goods Market and General Equilibrium, Static and Dynamic Analysis
14Welfare Economics, Pareto Optimumu, Social Welfare Criteria, Social Welfare Functions
15Welfare Economics, Maximization of Social Welfare, Efficiency and Market Failure
16Final Exam
Recommended or Required Reading
Varian, Hal R., Microeconomic Analysis, Second Edition, W&W Norton Company Inc., New York, (1984). Henderson James M., Richard E. Quant, Mikro İktisat: Matematiksel Bir Yaklaşım, Gazi Kitabevi, (1998). Browning Edgar K., Mark A. Zupan, Microeconomic Teory & Applications, Addison-Wesley Longman, Inc., (1999). Bulmuş İsmail, Mikroiktisat, Cantekin Matbası, (2003). Ünal Targan, Kadir Tuna, Mikroekonomik Analiz, Güncel Yayıncılık: 248, İstanbul, (2005). Mankiw, N. Gregory, Principles of Microeconomics, Thompson South-Western, 4th Edition, .2006, ISBN: 978-0324319163 Mankiw N. Gregory, Mark P. Taylor, Microeconomics, Cengage Learning EMEA, 2007. Ünsal Erdal, Mikro İktisat, İmaj Yayıncılık, Ankara (2007) Zeynel Dinler, Mikro Ekonomi, Ekin Kitapevi, 2009. Case study articles published in scientific journals.
Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
SUM0
End Of Term (or Year) Learning ActivitiesQuantityWeight
SUM0
SUM0
Language of Instruction
Turkish
Work Placement(s)
None
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
Midterm Examination133
Final Examination133
Attending Lectures14342
Problem Solving10440
Report Preparation12828
Criticising Paper4416
Self Study14342
Individual Study for Mid term Examination13030
Individual Study for Final Examination13636
TOTAL WORKLOAD (hours)240
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
LO1344   4     4 
LO2344   4     4 
LO3     4  444 44
LO4444  44 444 44
LO5444   4     4 
* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
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