Information Package / Course Catalogue - Adnan Menderes University

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Micro-Economic Analysis

Course Code	: EKO533
Course Type	: Area Elective
Couse Group	: Second Cycle (Master's Degree)
Education Language	: Turkish
Work Placement	: None.

Theory	: 3
Prt.	: 0
Credit	: 3
Lab	: 0
ECTS	: 5

Objectives of the Course

To endow the qualifications necessary to do deeper analysis in microeconomics.

Course Content

Course starts with consumer and firm theories then goes into applied fields such as industrial organizations, international trade business, government... In this course the perfect and imperfect competition conditions and the contracts done in these conditions will be presented in the game theory context. Thus the primary subjects are game theory, bargaining power, import and export policies, fraudulent agreements and anti-trusts in oligopolies.

Name of Lecturer(s)

Learning Outcomes

1.	Acquiring an Interdisciplinary Approach by Understanding that Economics is in Interaction with Other Social Science Branches
2.	To learn the basic concepts of microeconomics, its problems, methods, institutions and actors
3.	Having detailed information about consumer and producer theories
4.	To have in-depth knowledge of the markets
5.	Facilitate the application of theoretical knowledge to understanding current economic problems

Recommended or Required Reading

1.	Mikro İktisadi Analiz, (2009) Yiğitbaşı, Şehabettin, Çizgi Kitabevi

Weekly Detailed Course Contents

Week 1 - Theoretical

Analysis of economic system problem and production possibilities;Analysis of consumer theory

Week 2 - Theoretical

Analysis of demand theory with Hicks and Slutsky approximations; Engel curves

Week 3 - Theoretical

Production theory: law of diminishing returns and isoquant curves

Week 4 - Theoretical

Elasticities; Production Functions: Leontief, Ces, Cobb-Douglas, Linear Production Function

Week 5 - Theoretical

Costs: Short and Long Term

Week 6 - Theoretical

Scale economies; Firm balance in full competition market

Week 7 - Theoretical

The Emergence of Imperfect Competition and The Basics of Monopoly Theory;Analysis of Monopoly Operator's Conditions of Success in Different Environments

Week 8 - Theoretical

The Emergence of Imperfect Competition and The Basics of Monopoly Theory;Analysis of Monopoly Operator's Conditions of Success in Different Environments

Week 9 - Theoretical

Monopoly criticism, monopole public intervention, chained monopoly, two-sided monopoly;Monopoly Competition Market Analysis

Week 10 - Theoretical

Features of the Oligopoly Market Cournot Model;Game Theory and Analysis of the Oligopoly Market

Week 11 - Theoretical

Concentration in oligopoly market, criticism of oligopoly market, criticism of price theory and full cost analysis; Pricing of Production Factors

Week 12 - Theoretical

Analysis of Labor Market and Income;Analysis of Land and Rant Theory

Week 13 - Theoretical

Theories of Capital and Interest, Venture and Profit Theories

Week 14 - Theoretical

General Equilibrium and Welfare Economics Theory

Assessment Methods and Criteria

Type of Assessment	Count	Percent
Midterm Examination	1	%40
Final Examination	1	%60

Workload Calculation

Activities	Count	Preparation	Time	Total Work Load (hours)
Lecture - Theory	14	3	3	84
Midterm Examination	1	10	3	13
Final Examination	1	20	3	23
TOTAL WORKLOAD (hours)				120

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

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