INTERNATIONAL BURCH UNIVERSITY
Faculty of Economics and Social Sciences
Department of International Relations and European Studies
2014-2015

SYLLABUS
Code Name Level Year Semester
FES 201 Microeconomics Undergraduate 2 Fall
Status Number of ECTS Credits Class Hours Per Week Total Hours Per Semester Language
5 48

Instructor Assistant Coordinator
Nataša TANDIR, Assist. Prof. Dr. Erkan ILGÜN, Assoc. Prof. Dr.
[email protected] no email

COURSE OBJECTIVE
This course is designed as a comprehensive overview of intermediate Microeconomic Theory. It covers a number of topics including consumer and demand theory, firm, production and cost theory, the theory of competitive markets, imperfect competition, welfare economics, choice under uncertainty, asymmetric information and externalities/public goods. All analysis conducted in the course relies on graphical and algebraic techniques. Examples used in class, readings and discussion sections will demonstrate the applicability of the models covered in class to topics with an international dimension, such as the setting of tariffs, cartel behavior and international trade. Calculus is employed throughout.

COURSE CONTENT
Week
Topic
  1. Supply- Demand / Elasticity
  2. A Consumer’s Constrained Choice
  3. Applying Consumer Theory
  4. Firms and Production
  5. Costs
  6. Competitive Firms and Markets /
  7. Applications of the Competitive Model
  8. Mid//Term
  9. General Equilibrium and Economic Welfare
  10. Monopoly
  11. Oligopoly and Monopolistic Competition
  12. Game Theory
  13. Uncertainty
  14. Externalities
  15. Assymetric Information / Contracts and Moral Hazard

LABORATORY/PRACTICE PLAN
Week
Topic
  1. Supply- Demand / Elasticity
  2. A Consumer’s Constrained Choice
  3. Applying Consumer Theory
  4. Firms and Production
  5. Costs

  1. Competitive Firms and Markets /
  2. Applications of the Competitive Model - Mid-term Preperation
  3. Mid-term
  4. General Equilibrium and Economic Welfare
  5. Monopoly
  6. Oligopoly and Monopolistic Competition
  7. Game Theory
  8. Uncertainty
  9. Externalities
  10. Assymetric Information / Contracts and Moral Hazard - Tinal Exam Preparation

TEACHING/ASSESSMENT
Description
  • Lectures
  • Practical Sessions
  • Excersises
  • Presentation
Description (%)
Method Quantity Percentage (%)
Midterm Exam(s)135
Presentation115
Final Exam150
Total: 100
Learning outcomes
    TEXTBOOK(S)
    • Perloff, J. M.: Microeconomics, Pearson Addison Wesley, 5th Edition, 2009

    ECTS (Allocated based on student) WORKLOAD
    Activities Quantity Duration (Hour) Total Work Load
    Lecture (14 weeks x Lecture hours per week)14342
    Laboratory / Practice (14 weeks x Laboratory/Practice hours per week) 0
    Midterm Examination (1 week)111
    Final Examination(1 week)111
    Preparation for Midterm Examination122
    Preparation for Final Examination122
    Assignment / Homework/ Project 0
    Seminar / Presentation 0
    Total Workload: 48
    ECTS Credit (Total workload/25): 2