| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | 140400104202 | MICROECONOMICS-II | Compulsory | 2 | 4 | 4 |
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| Level of Course Unit |
| First Cycle |
| Objectives of the Course |
| A primary aim of Microeconomic theory is the analysis of how price and output are determined in the market. In this context, will be regarding the concept of production, the aim of firm to be introduced, will explained the concept of periods of short and long periods with one variable input of production and with two variable inputs of production functions studied, the long-run and returns to scale concept presented, constant, increasing and decreasing returns to scale, will be examined under which conditions occur, the nature of production costs, explicit costs, implicit costs, the opportunity cost (or alternatively the cost), private and social cost, the optimal factor combination, iso-cost line, the product maximization, cost minimization, the total cost of the short and long-run per unit cost curves with the curves examined, how price and output are determined under perfect competition and, how price and output are determined under monopoly and will detailed examined.
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| Name of Lecturer(s) |
| Dr. Öğr. Üyesi Özlem SÖKMEN GÜRÇAM |
| Learning Outcomes |
| 1 | Should define the basic concepts about microeconomics. | | 2 | Should understand and explain production theory. | | 3 | Should detailed interpret the production costs. | | 4 | Should analyze the economic behavior of firm’s. | | 5 | Should detailed analyze price and output under perfect competition. | | 6 | Should detailed analyze price and output under Monopoly. | | 7 | Should interpret the language of economic literature, microeconomic cases. | | 8 | Should participate discussion about microeconomics subject. |
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| Mode of Delivery |
| Daytime Class |
| Prerequisites and co-requisities |
| None |
| Recommended Optional Programme Components |
| None |
| Course Contents |
| Microeconomic theory studies the economic behavior of individual decision-making units such as individual consumers, resource owners and business firms.
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| Weekly Detailed Course Contents |
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| 1 | Organization of Production and Classification of Inputs
| | | | 2 | Production with One Variable Input
| | | | 3 | Production with Two Variable Inputs
| | | | 4 | Long-Run and Return to Scale
| | | | 5 | Production Costs
| | | | 6 | Cost Functions in the Short-Run
| | | | 7 | Cost Functions in the Long-Run
| | | | 8 | Perfect Competition
| | | | 9 | Short-Run Equilibrium of the Firm in Perfect Competition
| | | | 10 | Long-Run Equilibrium of the Firm and Industry in Perfect Competition
| | | | 11 | Monopoly
| | | | 12 | Costs in Monopoly and Short-Run Equilibrium
| | | | 13 | Long-Run Equilibrium and Multi-Plant Monopoly
| | | | 14 | Price Discrimination and Regulation of Monopolies
| | | | 15 | | | | | 16 | | | |
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| Recommended or Required Reading |
| YAYLALI, Muammer (2004): Microeconomics, 3rd Edition, Beta Publications, Istanbul.
Other microeconomics books at undergraduate level |
| Planned Learning Activities and Teaching Methods |
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| Assessment Methods and Criteria | |
| Midterm Examination | 1 | 100 | | SUM | 100 | |
| Final Examination | 1 | 100 | | SUM | 100 | | Term (or Year) Learning Activities | 40 | | End Of Term (or Year) Learning Activities | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | | None |
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| Workload Calculation |
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| Midterm Examination | 1 | 1 | 1 |
| Final Examination | 1 | 2 | 2 |
| Self Study | 2 | 14 | 28 |
| Individual Study for Mid term Examination | 2 | 20 | 40 |
| Individual Study for Final Examination | 2 | 14 | 28 |
| Homework | 1 | 10 | 10 |
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| Contribution of Learning Outcomes to Programme Outcomes |
| LO1 | 4 | 3 | 4 | 3 | 4 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | | LO2 | 4 | 4 | 3 | 3 | 4 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | | LO3 | 3 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 3 | 3 | 4 | 3 | 3 | 4 | 3 | 4 | 4 | | LO4 | 3 | 3 | 4 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 4 | 3 | 3 | 4 | | LO5 | 3 | 3 | 3 | 4 | 3 | 3 | 4 | 3 | 3 | 3 | 4 | 3 | 3 | 4 | 3 | 4 | 4 | | LO6 | 3 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | | LO7 | 4 | 3 | 4 | 4 | 3 | 4 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | 4 | 3 | 4 | 3 | | LO8 | 3 | 3 | 3 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 4 | 3 |
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| * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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Iğdır University, Iğdır / TURKEY • Tel (pbx): +90 476
226 13 14 • e-mail: info@igdir.edu.tr
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