COURSE SYLLABUS

MICRO ECONOMICS II

1	Course Title:	MICRO ECONOMICS II
2	Course Code:	IKT2202
3	Type of Course:	Compulsory
4	Level of Course:	First Cycle
5	Year of Study:	2
6	Semester:	4
7	ECTS Credits Allocated:	5
8	Theoretical (hour/week):	3
9	Practice (hour/week) :	0
10	Laboratory (hour/week) :	0
11	Prerequisites:	No prerequisites
12	Recommended optional programme components:	None
13	Language:	Turkish
14	Mode of Delivery:	Face to face
15	Course Coordinator:	Prof. Dr. NALAN ÖLMEZOĞULLARI
16	Course Lecturers:	Prof. Dr. Nalân ÖLMEZOĞULLARI Doç. Dr. Mehmet Ali POLAT
17	Contactinformation of the Course Coordinator:	Prof. Dr. Nalan ÖLMEZOĞULLARI nalano@uludag.edu.tr, Tel: 0224 2941099 Uludağ Üniversitesi, İİBF İktisat Bölümü, 16059 Görükle/BURSA
18	Website:
19	Objective of the Course:	The purpose of this course is to provide an understanding of pricing behavior of firms in imperfect markets, determination of input prices and causes of market failure.
20	Contribution of the Course to Professional Development	The student taking the lesson; gains knowledge of basic economic concepts and gains an economic perspective.

Learning Outcomes:

1	Students will be able to explain how market prices are determined in imperfect competition;
2	Students will be able to distinguish between collusive and non-collusive oligopoly;
3	Students will be able to understand how rational economic agents make decisions as workers;
4	Students will be able to appreciate concept of efficiency in resource allocation;
5	Students will be able to define basic concepts of welfare economics;
6	Students will be able to use the general equilibrium model to explain how markets work;
7	Students will be able to identify conditions under which a free market outcome can fail to be socially efficient;
8	Students will be able to evaluate public policies and government regulations designed to rectify market failure;

22	Course Content:

Week	Theoretical	Practical
1	Regulation of Monopoly
2	Monopolistic Competition
3	Oligopoly: Non-Collusive Models
4	Oligopoly: Cartel and Price Leadership
5	Criticism of Neoclassical Firm Theory
6	Input Markets: Input Demand
7	Input Markets: Labor Supply and Wages
8	Interest, Rent and Profit
9	General Equilibrium
10	Welfare Economics
11	Market Failures: Externalities and Public Goods
12	Market Failures: Asymmetric Information
13	Market Failures and Government Regulations
14	Problem Solutions

23	Textbooks, References and/or Other Materials:	ŞAHİN, Hüseyin (2012) Microeconomics, Ezgi Publishing Bursa. (in Turkish) DİNLER, Zeynel (2012) Microeconomics, Ekin Publishing, Bursa. (in Turkish)
24	Assesment

TERM LEARNING ACTIVITIES	NUMBER	PERCENT
Midterm Exam	1	40
Quiz	0	0
Homeworks, Performances	0	0
Final Exam	1	60
Total	2	100
Contribution of Term (Year) Learning Activities to Success Grade		40
Contribution of Final Exam to Success Grade		60
Total		100
Measurement and Evaluation Techniques Used in the Course	Multiple Choice
Information

ECTS / WORK LOAD TABLE

CONTRIBUTION OF LEARNING OUTCOMES TO PROGRAMME QUALIFICATIONS

LO: Learning Objectives

PQ: Program Qualifications

Contribution Level:

1 Very Low

2 Low

3 Medium

4 High

5 Very High