Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | İKT-23-212 | MICRO ECONOMIC ANALYSIS - II | Elective | 1 | 1 | 6 |
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Level of Course Unit |
Second Cycle |
Objectives of the Course |
To provide an understanding of pricing behavior of firms in imperfect markets, determination of input prices and causes of market failure. |
Name of Lecturer(s) |
Doç.Dr. Serkan KÜNÜ |
Learning Outcomes |
1 | To explain how market prices are determined in imperfect competition | 2 | To distinguish between collusive and non-collusive oligopoly | 3 | To understand how rational economic agents make decisions as workers | 4 | To identify conditions under which a free market outcome can fail to be socially efficient | 5 | To evaluate public policies and government regulations designed to rectify market failure |
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Mode of Delivery |
Daytime Class |
Prerequisites and co-requisities |
None |
Recommended Optional Programme Components |
None |
Course Contents |
Monopolistic Competition, Oligopoly, Criticism of Neoclassical Firm Theory, Labor Supply, Demand and Wages, Market Failures, Market Failures and Government Regulations |
Weekly Detailed Course Contents |
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1 | Regulation of Monopoly | | | 2 | Monopolistic Competition | | | 3 | Oligopoly | | | 4 | Oligopoly | | | 5 | Criticism of Neoclassical Firm Theory | | | 6 | Input Markets | | | 7 | Input Markets | | | 8 | Wages, Interest, Rent and Profit | | | 9 | General Equilibrium | | | 10 | Welfare Economics | | | 11 | Market Failures | | | 12 | Market Failures | | | 13 | Market Failures and Government Regulations | | | 14 | Problem Solutions | | |
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Recommended or Required Reading |
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Planned Learning Activities and Teaching Methods |
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Assessment Methods and Criteria | |
Midterm Examination | 1 | 30 | Quiz | 15 | 10 | Practice | 10 | 10 | Team/Group Work | 10 | 10 | Field Work | 4 | 10 | Individual Study for Homework Problems | 20 | 10 | Individual Study for Mid term Examination | 20 | 10 | Homework | 20 | 10 | SUM | 100 | |
Final Examination | 1 | 70 | Observation | 1 | 30 | SUM | 100 | Term (or Year) Learning Activities | 30 | End Of Term (or Year) Learning Activities | 70 | 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 |
Attending Lectures | 15 | 10 | 150 |
Individual Study for Mid term Examination | 1 | 15 | 15 |
Individual Study for Final Examination | 1 | 25 | 25 |
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Contribution of Learning Outcomes to Programme Outcomes |
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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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