Information Package / Course Catalogue
| Course Code | : FEK507 |
| 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 |
The aim of this course is to examine how the interactions of consumers, producers and government determine decision making process concerning the prices, output and regulations. The course also introduces how microeconomic theory is used to analyze and evaluate contemporary market systems. Consumer theory, production theory, market structures and price determination are some of the topics that are introduced throughout the course.
The lecture has a context of the microeconomic theory taught which includes consumer theory, production theory, market structures and factors that determines the price determination.
| 1. | Students will be able to define concepts that are used in microeconomics theory |
| 2. | Lecture will serve for understanding of consumer behavior and hence the demand side of the market so that s/he can analyze and evaluate reason of behavior of purchasing goods and services |
| 3. | Students will be able to interpret different consumer preferences under the concept of optimal choice by using different indifference curves |
| 4. | Students will be able to analyze cost minimization and profit maximization problems of the firm under various market conditions |
| 5. | Students will be able to distinguish the implications of government regulations under different market structures such as perfect competition, monopoly, oligopoly, etc. |
| 6. | Students will be able to analyze finance related firm and household level data and learn some applications of microeconometrics using STATA |
| 1. | Varian, H. (1999) Intermediate Microeconomics, 3rd ed, WWNorton and Company |
| 2. | Nicholson, Walter, and Christopher Snyder. Microeconomic theory: basic principles and extensions. Cengage Learning, 2011. |
| 3. | Cameron, A. Colin, and Pravin K. Trivedi. Microeconometrics: methods and applications. Cambridge university press, 2005. |
| Type of Assessment | Count | Percent |
|---|---|---|
| Term Assignment | 1 | %25 |
| Midterm Examination | 1 | %35 |
| Final Examination | 1 | %40 |
| Activities | Count | Preparation | Time | Total Work Load (hours) |
|---|---|---|---|---|
| Lecture - Theory | 14 | 2 | 3 | 70 |
| Individual Work | 7 | 2 | 2 | 28 |
| Midterm Examination | 1 | 10 | 1 | 11 |
| Final Examination | 1 | 15 | 1 | 16 |
| TOTAL WORKLOAD (hours) | 125 | |||
PÇ-1 | PÇ-2 | PÇ-3 | PÇ-4 | PÇ-5 | PÇ-6 | PÇ-7 | PÇ-8 | PÇ-9 | |
OÇ-1 | 4 | 3 | 4 | 3 | 4 | 3 | 4 | 3 | 4 |
OÇ-2 | 4 | 2 | 3 | 5 | 2 | 3 | 4 | 5 | 2 |
OÇ-3 | 4 | 4 | 3 | 4 | 2 | 3 | 5 | 2 | 3 |
OÇ-4 | 3 | 4 | 3 | 5 | 3 | 4 | 2 | 3 | 4 |
OÇ-5 | 5 | 5 | 3 | 4 | 3 | 4 | 3 | 3 | 4 |
OÇ-6 | 5 | 4 | 4 | 4 | 3 | 5 | 3 | 4 | 2 |