GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
MICROECONOMICS II/2100004
Course Title: MICROECONOMICS II
Credits 3 ECTS 7.5
Semester 1 Compulsory/Elective Compulsory
COURSE INFO
 -- LANGUAGE OF INSTRUCTION
  Turkish
 -- NAME OF LECTURER(S)
  Prof. Dr. A.Hakan CERMİKLİ
 -- WEB SITE(S) OF LECTURER(S)
  websitem.gazi.edu.tr/site/cermikli/academic
 -- EMAIL(S) OF LECTURER(S)
  cermikli@gazi.edu.tr
 -- LEARNING OUTCOMES OF THE COURSE UNIT
Understanding of theoretical foundation of pricing in the different market structure
 -- MODE OF DELIVERY
  The mode of delivery of this course is face to face
 -- PREREQUISITES AND CO-REQUISITES
  There is no prerequisite or co-requisite for this course
 -- RECOMMENDED OPTIONAL PROGRAMME COMPONENTS
  There is no recommended optional programme component for this course
 --COURSE CONTENT
1. Week  Markets, supply and demand, market equilibrium, Pareto efficiency, short run and long run equilibrium.
2. Week  Competitive market structure; short run and long run equilibrium.
3. Week  Non-competitive market structure: Monopoly,
4. Week  Non- competitive market structure: Monopolistic competition and product differentiation
5. Week  Additional topics related to monopoly: Market performance under monopoly, consumer and producer surplus, price discrimination.
6. Week  Oligopoly: Cournot Model
7. Week  Midterm
8. Week  Chamberlin, Stackelberg and Sweezy models
9. Week  Bertrand model, Edgeworth model
10. Week  Cost differential under Cournot Model and limit pricing
11. Week  Cournot model with differentiated products
12. Week  Bertrand model with differentiated products
13. Week  Cooperative oligopoly models: Cartels
14. Week  Cooperative oligopoly models: Price leaders models
15. Week  
16. Week  
 -- RECOMMENDED OR REQUIRED READING
  Stephen A. Mathis & J. Koscianski, Microeconomic Theory, Prentice Hall, 2002 Hal R. Varian, Intermediate Microeconomics, 7. Edi. Norton, 2005. A. Kousoyiannis, Modern Microeconomics,
 -- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
  Lecture, Question-answer
 -- WORK PLACEMENT(S)
  -
 -- ASSESSMENT METHODS AND CRITERIA
 
Quantity
Percentage
 Mid-terms
1
40
 Assignment
0
0
 Exercises
0
0
 Projects
0
0
 Practice
0
0
 Quiz
0
0
 Contribution of In-term Studies to Overall Grade  
40
 Contribution of Final Examination to Overall Grade  
60
 -- WORKLOAD
 Efficiency  Total Week Count  Weekly Duration (in hour)  Total Workload in Semester
 Theoretical Study Hours of Course Per Week
15
3
45
 Practising Hours of Course Per Week
0
 Reading
15
3
45
 Searching in Internet and Library
15
2
30
 Designing and Applying Materials
15
1
15
 Preparing Reports
0
 Preparing Presentation
0
 Presentation
0
 Mid-Term and Studying for Mid-Term
1
25
25
 Final and Studying for Final
1
28
28
 Other
0
 TOTAL WORKLOAD: 
188
 TOTAL WORKLOAD / 25: 
7.52
 ECTS: 
7.5
 -- COURSE'S CONTRIBUTION TO PROGRAM
NO
 PROGRAM LEARNING OUTCOMES
1
2
3
4
5
1To have theoretical knowledge in the field of Economic Theory at the proficiency levelX
2To have detailed knowledge about the basic concepts of economics, relations among these concepts and macro and micro economic theoriesX
3To conceive the interaction between economics and other disciplinesX
4To analyze theoretical knowledge and to be able to use practical knowledgeX
5To develop solutions for economic problems by using research methodsX
6To have the experience of using information technologies and basic computer programs at the high level in order to share their accumulated knowledge and problem solving abilityX
7To communicate with colleagues by using a foreign languageX
8To have the ability to interpret economic and social events through the acquired capability to think analytically and critically, and to be open for innovative ideasX
9To have a sound knowledge of the quantitative and qualitative methods that will help to examine the premises of different theoriesX
10To be compatible for teamwork in order to use their accumulated knowledge in research projectsX
11To be able to work on matters that require expertise in economics independentlyX
12To be aware of professional and scientific ethical codes at stages of economic data collection and interpretationX
13To be able to use their leadership skills by taking responsibility in the face of complex economic problemsX