Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS CreditsLast Updated Date
3ECON 201Intermediate Microeconomics2+2+03527.09.2023

 
Course Details
Language of Instruction English
Level of Course Unit Bachelor's Degree
Department / Program BA Program in Economics
Type of Program Formal Education
Type of Course Unit Compulsory
Course Delivery Method Face To Face
Objectives of the Course The objective of this course is to:
(i) introduce the core economic principles, concepts and theories that form the foundation of modern microeconomic analysis (ii) study the basic microeconomic theory on consumers' and firms' choices, (iii) understand the basic microeconomic theory on market structure, (iv) apply microeconomic theory to analyze economic issues and evaluate options.
Course Content This is an undergraduate level microeconomic course providing a rigorous introduction to modern microeconomic theory, focusing on consumer and producer theory, and markets.
Course Methods and Techniques Face to face and multimedia
Prerequisites and co-requisities ( ECON 101 )
Course Coordinator Prof.Dr. Hasan Vergil
Name of Lecturers Prof.Dr. HASAN VERGİL
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Student can/should refer to the online teaching resources on Intermediate Microeconomics provided by leading Universities such as MIT, Harvard, etc.
Course Notes Required Textbook: Ana Espinola-Arredondo and Felix Munoz-Garcia, Intermediate Microeconomic Theory: Tools and Step-by-Step Examples, MIT Press, 2020.
Supplementary Textbooks:
Hal Varian, Intermediate Microeconomics, any edition
Snyder, M. Christopher and Walter Nicholson, Microeconomic Theory: Basic Principles and Extensions, 10th Edition.
Assignments There will be 4 assignments.
Exams There will be a midterm and a final.

Course Category
Mathematics and Basic Sciences %10
Social Sciences %10
Field %80

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 25
Assignment 3 % 30
Attendance 14 % 10
Total
18
% 65

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 4 56
Hours for off-the-c.r.stud 15 2 30
Assignments 3 2 6
Mid-terms 1 10 10
Practice 14 1 14
Final examination 1 30 30
Total Work Load   Number of ECTS Credits 5 146

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 A student analyzes and explains consumers' and firms' behavior using mathematical tools and diagrams.
2 A student selects and applies an appropriate model to a given microeconomic problem in a logical, rigorous, and precise manner.
3 A student demonstrates a proficiency in utilizing numerical and graphical techniques as well as verbal presentation of microeconomic concepts.
4 A student applies microeconomic models to design solutions to practical economic issues and real-world scenarios.
5 A student assesses the microeconomic theories and models in terms of their policy implications, advantages and limitations.

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 FIRST MEETING: The goals and targets / the topics / requirements / assessment and grading
2 Consumer Preferences and Utility FMG, Chapter 2
3 Consumer Choice FMG, Chapter 3
4 Substitution and Income Effects FMG, Chapter 4
5 Measuring Welfare Changes FMG, Chapter 5
6 Choice Under Uncertainty FMG, Chapter 6
7 Production Functions FMG, Chapter 7
8 MIDTERM EXAM
9 Cost Minimization FMG, Chapter 8
10 Partial Equilibrium FMG, Chapter 9
11 General Equilibrium FMG, Chapter 9
12 Monopoly FMG, Chapter 10
13 Price Discrimination and Bundling FMG, Chapter 11
14 Simultaneous Move Games FMG, Chapter 12

 
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11 P12
All 4 2 1 2 1 1 4 1 2 3 1 2
C1 5 1 1 1
C2 4 3 2 1 4
C3 4 2 1 4
C4 3 2 4
C5 4 3 4 3 5

  Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant

  
  https://obs.ihu.edu.tr/oibs/bologna/progCourseDetails.aspx?curCourse=210001&lang=en