Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
9204045432017Production EconomicsElective116
Level of Course Unit
Second Cycle
Objectives of the Course
• The objective of the course is to provide students the sound understanding of production issues and functions at advanced level.
Name of Lecturer(s)
Dr. Öğr. Üyesi BARIŞ GÖK
Learning Outcomes
1To be able to define the factor of productions.
2To be able to define production systems, decision procedures and policies
3To be able to use advanced microeconomic techniques in production problems.
Mode of Delivery
Evening Education
Prerequisites and co-requisities
None
Recommended Optional Programme Components
None
Course Contents
Production in the Short-Run and Long-Run, Returns to Scale, Total, average and marginal costsScale and Scope Economies, A Mathematical Treatment of Cost Theory, Theory of Perfect Competition, Output Decision in the Short-Run, Individual Demand Curve, Market Demand Curve, Individual Supply Curve, Market Supply Curve, Price and Income Elasticity, Consumer Preferences Indifference Curves, Budget Line, consumer's equilibrium, Hicksian and Slutskian Income and Substitution Effects, Consumer Surplus, Some Applications, Isoquant Curves, Elasticity of substitution, The Efficiency of a Competitive Market, Minimum Prices and Wages, Monopoly Theory, Output Decision of Monopoly, Regulate of monopoly, Pricing with Market Power…
Weekly Detailed Course Contents
WeekTheoreticalPracticeLaboratory
1The Theory of Production
2The Theory of Production Costs
3The Theory of Production Costs
4The Theory of Production Costs
5Supply and Demand
6Consumer Theory
7The Change of Consumer’s Equilibrium
8Midterm Exam
9Theory of Perfect Competition
10The equilibrium in the perfect competition market and efficiency
11The equilibrium in the perfect competition market and efficiency
12Monopoly Theory
13Monopoly Theory
14Monopoly Theory
15Monopoly Theory
16Final Exam
Recommended or Required Reading
• 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
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 Examination122
Final Examination122
Attending Lectures16348
Seminar144
Self Study14114
Individual Study for Mid term Examination15230
Individual Study for Final Examination30260
Reading14114
TOTAL WORKLOAD (hours)174
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
LO15454554545
LO24454554444
LO35444335444
* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
Ege University, Bornova - İzmir / TURKEY • Phone: +90 232 311 10 10 • e-mail: intrec@mail.ege.edu.tr