Information Package / Course Catalogue
Microeconomic Analysis
Course Code: İKP501
Course Type: Area Elective
Couse Group: Second Cycle (Master's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

Micro Economic Analysis I, comprises economical, technical and mathematical aspects of relationships between consumers and producers with goods and services markets. Aim of this course is to explain partial equilibrums which is established between economic decision units and goods and services markets in perfect competition, by handling issues in theoretical framework. Also goverments interference forms to perfect competition market will be explained.

Course Content

Microeconomics, consumer preferences, consumer equilibrium and its types, indifference curves, budget constraint, market demand characteristics, elasticity analysis.

Name of Lecturer(s)
Assoc. Prof. Şahin BULUT
Learning Outcomes
1.Can learn the theoretical basis of causality relations between micro economic events and variables and learn technical and mathematical aspects of micro economic causality relations.
2.Can discuss effects of alternative public policies by learning rational consumer behavior
3.Can explain economic and mathematical features of efficient input using process of the firm
4.Can evaluate of government interventions in perfectly competitive markets and decomposite of wealth effects
5.Can solve questions easily that may occur in a profession competition examination with theoretical and mathematical foundations
Recommended or Required Reading
1.BULMUŞ, İsmail; Mikro İktisat
2.HENDERSON, J. ve R. Quant; Mikro İktisat- Matematiksel Bir Yaklaşım
3.DORNBUSCH, Rudiger, FISHER, Stanley ve David, BEGG; Mikro İktisat
Weekly Detailed Course Contents
Week 1 - Theoretical
Scope of Microeconomic Analysis I and First-Best Conditions for Economic Decision Agents
Week 2 - Theoretical
Theory of Consumer Behavior and Ordinalist Approach
Week 3 - Theoretical
Modern Theory of Consumer Behavior and Mathematical Explanation of Consumer Equilibrium
Week 4 - Theoretical
Long-run Consumer Equilibrium , Decomposition of Income and Substitution Effects
Week 5 - Theoretical
Marshallian and Hicksian Demand Functions, Income and Price Elasticities of Demand, Engel s and Cournot s Aggregation Conditions
Week 6 - Theoretical
Theory of Producer Behavior : Productivity and Iso-quant Analysis
Week 7 - Theoretical
Elasticity of Inputs, Substitution and Output and Cobb-Douglas Production Functions
Week 8 - Intermediate Exam
Midterm Exam
Week 9 - Theoretical
Per Worker Production Functions, Types of Technological Progress, Measuring and Effects of Technological Progress
Week 10 - Theoretical
Theory of Cost and Cost Equilibrium of the Firm
Week 11 - Theoretical
Short-run Profit Maximization for a Given / Different Market Price Conditions in a Perfectly Competitive Market
Week 12 - Theoretical
Long-Run Equilibrium of the Firm and Uncertainity in Profit Maximization
Week 13 - Theoretical
Supply and Demand Functions of the Industry and Equilibrium in a Perfectly Competitive Market
Week 14 - Theoretical
Government Interventions in Perfectly Competitive Market and Its Effects
Week 15 - Theoretical
General topic review and final evaluation of the course
Week 16 - Final Exam
Fınal Exam
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory144398
Midterm Examination110111
Final Examination120121
TOTAL WORKLOAD (hours)130
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
OÇ-1
3
4
3
4
3
4
3
OÇ-2
3
4
3
4
3
4
3
OÇ-3
3
4
3
4
3
4
3
OÇ-4
4
3
4
3
4
3
4
OÇ-5
3
4
3
5
4
4
3
Adnan Menderes University - Information Package / Course Catalogue