Description of Individual Course Units
Course Unit CodeCourse Unit TitleType of Course UnitYear of StudySemesterNumber of ECTS Credits
İKT-23-212MICRO ECONOMIC ANALYSIS - IIElective116
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
1To explain how market prices are determined in imperfect competition
2To distinguish between collusive and non-collusive oligopoly
3To 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
5To evaluate public policies and government regulations designed to rectify market failure
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
WeekTheoreticalPracticeLaboratory
1Regulation of Monopoly
2Monopolistic Competition
3 Oligopoly
4 Oligopoly
5Criticism of Neoclassical Firm Theory
6Input Markets
7Input Markets
8 Wages, Interest, Rent and Profit
9General Equilibrium
10Welfare Economics
11Market Failures
12Market Failures
13Market Failures and Government Regulations
14 Problem Solutions
Recommended or Required Reading
Planned Learning Activities and Teaching Methods
Assessment Methods and Criteria
Term (or Year) Learning ActivitiesQuantityWeight
Midterm Examination130
Quiz1510
Practice1010
Team/Group Work1010
Field Work410
Individual Study for Homework Problems2010
Individual Study for Mid term Examination2010
Homework2010
SUM100
End Of Term (or Year) Learning ActivitiesQuantityWeight
Final Examination170
Observation130
SUM100
Term (or Year) Learning Activities30
End Of Term (or Year) Learning Activities70
SUM100
Language of Instruction
Turkish
Work Placement(s)
None
Workload Calculation
ActivitiesNumberTime (hours)Total Work Load (hours)
Midterm Examination111
Final Examination122
Attending Lectures1510150
Individual Study for Mid term Examination11515
Individual Study for Final Examination12525
TOTAL WORKLOAD (hours)193
Contribution of Learning Outcomes to Programme Outcomes
PO
1
LO1 
LO2 
LO3 
LO44
LO5 
* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High
 
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