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Katalog Ana Sayfa
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Year / SemesterSpring Semester
Level of CourseFirst Cycle
Status Compulsory
Prerequisites and co-requisitesNone
Mode of Delivery
Contact Hours14 weeks - 3 hours of lectures per week
LecturerDr. Öğr. Üyesi Selim Koray DEMİREL
Co-LecturerAsst. Prof. Yeşim DİNDAROĞLU
Language of instructionTurkish
Professional practise ( internship ) None
The aim of the course:
To develop skills of the students in understanding and analyzing undergraduate topics on microeconomics.
Learning OutcomesCTPOTOA
Upon successful completion of the course, the students will be able to :
LO - 1 : learn the terminology of microeconomics.1,2
LO - 2 : apply the theory of maximizing agents to firms and consumer.1,2
LO - 3 : use several solution techniques for microeconomics problems.1,2
LO - 4 : integrate economic models with real world applications.1,2
LO - 5 : understand how markets operate and identify welfare outcomes for consumer and firms.1,2
CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), LO : Learning Outcome

Contents of the Course
Production function and law of diminishing returns, producer equilibrium, changes in equilibrium, costs of production, equilibrium in perfect competition, monopoly, monopsony, oligopoly, monopolistic competition, and the other markets, the market for the factors of production, welfare economic and general equilibrium, externalities and public goods
Course Syllabus
 WeekSubjectRelated Notes / Files
 Week 1Costs, concepts of cost,distinction between the short and the long run, cost curves, shifts in cost curves
 Week 2Firms in perfect competition market, market structure, marginal revenue, average revenue, total revenue, short-run equilibrium of the firm and industry, short-run supply curve of firm and industry
 Week 3Firms in perfect competition market,long-run equilibrium of the firm,constant-cost industries, increasing and decreasing cost industries, long-run supply elasticity
 Week 4Monopoly, causes of monopoly, monopolist's demand curve, monopolist's revenues, short-run equilibrium,long-run equilibrium
 Week 5Monopoly, price discrimination, regulation of monopolies, comparison of monopoly with perfect competition
 Week 6Oligopoly, definition, causes, classification, the Cournot model, the Edgeworth model, the Chamberlin model, the Sweezy model, the kinked demand curve
 Week 7Oligopoly, the Bertrand model, the Stackelberg model, the theory of games, price leadership, entry by new firms
 Week 8Monopolistic competition, definition, demand curves under monopolistic competition, equilinrium in the short run, equilibrium in the long run, comparison of monopolistic competition with perfect competition, comparison of monopolistic competition with monopoly
 Week 9mid-term exam
 Week 10The market for the factors of production,demand for factor under perfect competition, demand for factor under imperfect competition,price elasticity of factor demand
 Week 11The market for the factors of production, factor-market equilibrium,concept of rent, quasi rents, wage differentials
 Week 12Welfare economics and general equilibrium,optimal resource use,necessary conditions for optimal resource allocation,the Edgeworth Box,Pareto effient allocation,contract curve,the theory of the second best, quiz
 Week 13Welfare economics and general equilibrium, perfect competition and economic efficiency
 Week 14Uncertainty and asymmetric information, risk aversion, methods for reducing risk, information and market equilibrium,information and economic efficiency
 Week 15Externalities and public goods, defining externalities, externalities and allocational efficiency, bargaining and the Coase theorem, public goods, public goods and market failure
 Week 16End-of-term exam
Textbook / Material
1Ünsal, E.M. 2020; Mikro İktisat, Murat Yayıncılık, 11.Baskı, Ankara
2Dinler, Z. 2020; Mikro İktisat, Ekin Kitabevi, 30. Baskı, Bursa
3Yalta, A. Y. ve Yalta A.T. 2021; Genişletilmiş 4. Baskı, Modern Mikro Ekonomiye Giriş, Adres Yayınları, Ankara
Recommended Reading
Method of Assessment
Type of assessmentWeek NoDate

Duration (hours)Weight (%)
Mid-term exam 9 04/2024 50
End-of-term exam 16 06/2024 50
Student Work Load and its Distribution
Type of workDuration (hours pw)

No of weeks / Number of activity

Hours in total per term
Yüz yüze eğitim 3 14 42
Sınıf dışı çalışma 6 14 84
Arasınav için hazırlık 10 1 10
Arasınav 1 1 1
Dönem sonu sınavı için hazırlık 12 1 12
Dönem sonu sınavı 1 1 1
Total work load150