Information Package / Course Catalogue
Microeconomic Analysis I
Course Code: EKO513
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

The course aims to give students intermediate level treatment of the microeconomic methods to solve firm / production / market specific issues.

Course Content

The course will focus on the supply side of the market. It will start focusing on the basic behavior of the firm, profit maximization and cost minimization to achieve the total cost of production. Building on these results firm behavior in different market settings the market behavior in various settings, starting with the two extreme cases: perfectly competitive markets and monopoly, and then move to intermediate cases, monopolistic competition and oligopoly will be examined. For understanding of the strategic interaction of firms in Oligopolistic market a brief introduction to game theory will be provided.

Name of Lecturer(s)
Learning Outcomes
1.Consumer, producer theories have detailed information about performing.
2.Performing in-depth knowledge of the markets
3.Facilitate the implementation of theoretical knowledge in understanding current economic problems.
4.Can make an interdisiplinary connection over the course subjects
5.Can make an analysis about subjects and can comment on economy
Recommended or Required Reading
1.Bulmuş, İ.(2003), Mikro İktisat, Ankara:Cantekin Matbaası.
Weekly Detailed Course Contents
Week 1 - Theoretical
Economic analysis of system problems and production facilities
Week 2 - Theoretical
Consumer theory analysis
Week 3 - Theoretical
Hicks and Slutsky demand theory analysis approaches
Week 4 - Theoretical
Engel Curves
Week 5 - Theoretical
Production theory: the law of diminishing returns
Week 6 - Theoretical
Production theory: the co-product curves
Week 7 - Intermediate Exam
Revision of Midterm Exams
Week 8 - Intermediate Exam
Midterm Exams
Week 9 - Theoretical
Elasticities
Week 10 - Theoretical
Production Functions: Leontief, CES, Cobb-Douglas, Linear Production Function
Week 11 - Theoretical
Costs: Short-Term
Week 12 - Theoretical
Costs: Long-Term
Week 13 - Theoretical
Costs: Economies of Scale
Week 14 - Theoretical
Perfectly competitive market, the balance of the company
Week 15 - Final Exam
Final Exams
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory153390
Midterm Examination110212
Final Examination120222
TOTAL WORKLOAD (hours)124
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
PÇ-13
OÇ-1
4
4
4
4
4
4
4
4
4
4
4
4
4
OÇ-2
4
4
4
4
4
4
4
4
4
4
4
4
4
OÇ-3
4
4
4
4
4
4
4
4
4
4
4
4
4
OÇ-4
4
4
4
4
4
4
4
4
4
4
4
4
4
OÇ-5
4
4
4
4
4
4
4
4
4
4
4
4
4
Adnan Menderes University - Information Package / Course Catalogue