Rapor Tarihi: 27.03.2026 01:39
| Course Title | Code | Language | Type | Semester | L+U Hour | Credits | ECTS |
|---|---|---|---|---|---|---|---|
| Microeconomics II | ECON202 | Turkish | Compulsory | 4. Semester | 3 + 0 | 3.0 | 5.0 |
| Prerequisite Courses | |
| Course Level | Undergraduate |
| Mode of delivery | Face-to-face |
| Course Coordinator | Doç. Dr. Ömer LİMANLI |
| Instructor(s) | Doç. Dr. Ömer LİMANLI (Bahar) |
| Goals | Microeconomics II applies the analytical framework and methods learned in Microeconomics I, extending from consumer theory to producer theory. The course enables students to analyse firm behaviour. In the first half, it examines the functioning of a perfectly competitive market in depth, covering production decisions under technological constraints, profit maximisation, cost minimisation, cost curves, and firm and industry supply. The second half analyses monopoly, monopolistic competition, price discrimination, oligopoly markets, strategic interactions, game theory, and its applications, as the assumption of perfect competition no longer holds. The course concludes by addressing market failures, including situations where the market mechanism becomes ineffective. By the end of the course, students are expected to analyse economic decisions at the firm and industry levels in different market structures using analytical tools, evaluate strategic interactions within the framework of game theory, and interpret the economic consequences of market failures. |
| Course Content | Profit maximization, cost minimization, supply, monopoly and oligopoly markets, game theory, externalities. |
| # | Öğrenme Kazanımı |
| 1 | Identify a firm's production technology, production functions, and isoquant curves; calculate the concepts of marginal product, rate of technical substitution, and returns to scale. |
| 2 | Formulate profit maximization and cost minimization problems within the framework of constrained optimization; derive short- and long-run optimality conditions and interpret the relationships between cost curves (AC, AVC, MC). |
| 3 | Derive firm and industry supply curves from cost functions in a perfectly competitive market; analyze short- and long-run industry equilibrium, the input-output mechanism, and the concept of economic rent. |
| 4 | Evaluate the profit maximization behavior of a monopolistic firm, its price discrimination strategies, and the social loss caused by the monopoly by comparing them with the results of a competitive market. |
| 5 | Solve basic models (Stackelberg, Cournot, cartel) in an oligopoly market using response functions and compare the impact of different strategic interaction structures on equilibrium results. |
| 6 | Can model and analyze economic decision situations using the basic concepts of game theory (Nash equilibrium, dominant strategy, mixed strategy). |
| 7 | Can distinguish between types of externalities; can evaluate the effectiveness of solution mechanisms such as Coase's theorem, Pigou tax, and property rights within the framework of Pareto optimum. |
| Week | Topics/Applications | Method |
|---|---|---|
| 1. Week | Technology | Preparation, After Class Study |
| 2. Week | Profit Maximisation | Preparation, After Class Study |
| 3. Week | Production | Preparation, After Class Study |
| 4. Week | Cost Minimisation | Preparation, After Class Study |
| 5. Week | Cost Curves | Preparation, After Class Study |
| 6. Week | Firm Supply | Preparation, After Class Study |
| 7. Week | Industry Supply | Preparation, After Class Study |
| 8. Week | Monopoly | Preparation, After Class Study |
| 9. Week | Monopoly Behavior | Preparation, After Class Study |
| 10. Week | Oligopoly I | Preparation, After Class Study |
| 11. Week | Oligopoly II | Preparation, After Class Study |
| 12. Week | Game Theory | Preparation, After Class Study |
| 13. Week | Game Theory Applications | Preparation, After Class Study |
| 14. Week | Externalities | Preparation, After Class Study |
| No | Program Requirements | Level of Contribution | |||||
|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | Know the basic concepts of economics at an advanced level; can abstract the economic decision-making units in households, firms, government agencies, and predict the results of their decision-making mechanisms in different market and competition conditions. | ✔ | |||||
| 2 | Understand the objectives of economies such as growth, employment, productivity, sustainability; may propose solutions to problems such as unemployment, contraction, inflation, high interest rates and similar problems. | ✔ | |||||
| 3 | Capable to make sense of the international interactions of national economies with an international economic perspective. | ✔ | |||||
| 4 | Have knowledge about the historical development of the world economy and its current structure, understand the working process of different economic systems. | ✔ | |||||
| 5 | Can combine economic theory with mathematical, statistical and econometric skills to analyze concrete situations; are experienced in economic data collection and analysis methods by utilyzing technology. | ✔ | |||||
| 6 | Analyze the different sectors of the economy such as agriculture, industry and services through the Production Factors such as Labor, Capital, Natural Resource, Information and Entrepreneurship and evaluate the country economies. | ✔ | |||||
| 7 | Know the current status, historical background, the strengths and weaknesses of Turkish economy in macro and micro scale; can propose solutions, make theoretical and applied studies in this direction as individuals and teams. | ✔ | |||||
| 8 | Know the relations of economics as a social science with other sciences especially with politics, business administration, law, history, mathematics and engineering; reflect the theoretical knowledge in practice and have collaborative working culture. | ✔ | |||||
| 9 | Have the consciousness of lifelong learning, use the education to keep knowledge updated and contribute to the business life. | ✔ | |||||
| 10 | Have the cultural consciousness, know their own history, develop awareness of working with different cultures, respect individual, social and cultural rights. | ✔ | |||||
| 11 | Behave in accordance with ethical values in their works, have the ability of questioning, free thinking with no prejudices. | ✔ | |||||
| 12 | Have the consciousness of fulfilling the given tasks at the right time. In this process, utilize in maximum written, visual, audio sources and information-communication technologies. | ✔ | |||||
| 13 | Have the experience and ability to explain what they learn in written, oral and visual manner. | ✔ | |||||
| 14 | Use the Turkish and English language properly and effectively, and pursue professional readings in double language. | ✔ | |||||
| Program Requirements | DK1 | DK2 | DK3 | DK4 | DK5 | DK6 | DK7 |
|---|---|---|---|---|---|---|---|
| PY1 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| PY2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| PY3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| PY4 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| PY5 | 3 | 4 | 3 | 2 | 3 | 3 | 2 |
| PY6 | 4 | 3 | 3 | 2 | 2 | 1 | 3 |
| PY7 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| PY8 | 1 | 1 | 1 | 2 | 3 | 4 | 3 |
| PY9 | 1 | 1 | 2 | 2 | 2 | 3 | 3 |
| PY10 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| PY11 | 1 | 1 | 1 | 2 | 2 | 2 | 3 |
| PY12 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| PY13 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| PY14 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Ders Kitabı veya Notu | Ders Kitabı veya Ders Notu bulunmamaktadır. |
|---|---|
| Diğer Kaynaklar |
|
| Bahar Dönemi | |||
| Responsible Personnel | Grup | Evaluation Method | Percentage |
|---|---|---|---|
| Doç. Dr. Ömer LİMANLI | Vize | 40.00 | |
| Doç. Dr. Ömer LİMANLI | Final | 60.00 | |
| Toplam | 100.00 | ||
| ECTS credits and course workload | Quantity | Duration (Hour) | Total Workload (Hour) | |
|---|---|---|---|---|
|
Ders İçi |
Class Hours | 14 | 3 | 42 |
|
Ders Dışı |
Preparation, After Class Study | 14 | 2 | 28 |
| Research | 13 | 1 | 13 | |
| Other Activities | 14 | 3 | 42 | |
|
Sınavlar |
Midterm | 1 | 1 | 1 |
| Final | 1 | 1.5 | 1.5 | |
| Total Workload | 127.5 | |||
| *AKTS = (Total Workload) / 25,5 | ECTS Credit of the Course | 5.0 | ||
