Rapor Tarihi: 11.04.2026 22:06
| Course Title | Code | Language | Type | Semester | L+U Hour | Credits | ECTS |
|---|---|---|---|---|---|---|---|
| Advanced Microeconomic Analysis II | ECON504 | Turkish | Compulsory | 3 + 0 | 3.0 | 6.0 |
| Prerequisite Courses | |
| Course Level | Graduate |
| Mode of delivery | Face to face. |
| Course Coordinator | Doç. Dr. Ömer LİMANLI |
| Instructor(s) | |
| Goals | The objective of this course is to examine economic situations in which the assumptions underlying competitive market efficiency lose their validity. Building on the foundations laid in Advanced Microeconomic Analysis I, this course will examine strategic interaction (game theory), information asymmetries (adverse selection and moral hazard), and the design of institutions to achieve desired economic outcomes (mechanism design). The course demonstrates how deviations from the competitive model (market power, private information, and strategic behavior) lead to inefficiency and how economic theory can guide the design of contracts, auctions, and other mechanisms to mitigate these problems. |
| Course Content | The course content consists of social choice, game theory, information asymmetry, and mechanism design. |
| # | Öğrenme Kazanımı |
| 1 | Explain Arrow's Impossibility Theorem and describe how different informational assumptions (cardinal utility, interpersonal comparability) affect social choice possibilities. |
| 2 | Solve for Nash equilibria in strategic form games and apply backward induction to find subgame perfect equilibria in extensive form games. |
| 3 | Analyze how adverse selection leads to market failure and compare signaling and screening as alternative institutional responses. |
| 4 | Apply principal-agent theory to derive optimal contracts under moral hazard, explaining the trade-off between incentives and risk-sharing. |
| 5 | Derive optimal bidding strategies in standard auction formats and explain the logic of the Revenue Equivalence Theorem. |
| 6 | Evaluate the efficiency and incentive properties of alternative mechanism designs using the revelation principle. |
| 7 | Design incentive-compatible mechanisms and screening contracts for specific allocation problems with private information. |
| Week | Topics/Applications | Method |
|---|---|---|
| 1. Week | Social Choice I | Lecture, Question and Answer |
| 2. Week | Social Choice II and Justice | Lecture, Question and Answer |
| 3. Week | Games in Strategic Structure I | Lecture, Question and Answer |
| 4. Week | Games in Strategic Structure II | Lecture, Question and Answer |
| 5. Week | Games in Expanding Structure I | Lecture, Question and Answer |
| 6. Week | Games in Expanding Structure II | Lecture, Question and Answer |
| 7. Week | Adverse Selection I | Lecture, Question and Answer |
| 8. Week | Adverse Selection II - Signalling | Lecture, Question and Answer |
| 9. Week | Adverse Selection III - Screening | Lecture, Question and Answer |
| 10. Week | Moral Hazard and Principal-Agent Problems | Lecture, Question and Answer |
| 11. Week | Auctions | Lecture, Question and Answer |
| 12. Week | Mechanism Design I | Lecture, Question and Answer |
| 13. Week | Mechanism Design II | Lecture, Question and Answer |
| 14. Week | General Evaluation | Lecture, Question and Answer |
| No | Program Requirements | Level of Contribution | |||||
|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |||
| 1 | Synthesizes microeconomic and macroeconomic theories at an advanced level, and critically evaluates the assumptions and limitations of economic models within an analytical framework. | ✔ | |||||
| 2 | Systematically follows current theoretical and empirical studies in the economics literature, analyzes these studies from a scientific perspective, and integrates them into their own research. | ✔ | |||||
| 3 | Structures and analyzes complex economic events and processes using mathematical modeling techniques. | ✔ | |||||
| 4 | Analyzes and interprets economic datasets using advanced statistical and econometric methods, along with current analysis software (Stata, R, Python, EViews, etc.). | ✔ | |||||
| 5 | Interprets national and international economic developments in the light of economic theories, and develops evidence-based policy recommendations and strategic evaluations. | ✔ | |||||
| 6 | Defines an original research question in the field of economics, determines the appropriate methodology, and manages an independent scientific study from the design phase to the reporting phase. | ✔ | |||||
| 7 | Develops innovative solutions to complex micro and macro-level economic problems by using theoretical and empirical knowledge from an interdisciplinary perspective. | ✔ | |||||
| 8 | Analyzes the structural characteristics, institutional framework, and current issues of the Turkish economy using advanced methods and evaluates its position within the global economy. | ✔ | |||||
| 9 | Fully complies with national and international ethical principles, academic integrity rules, and intellectual property rights in scientific research, publication, and application processes. | ✔ | |||||
| 10 | Reports research findings and complex economic analyses in writing according to academic writing standards and presents them orally at a professional level on various platforms (conferences, seminars, etc.). | ✔ | |||||
| 11 | Uses a foreign language (English, etc.) at a level sufficient to continuously follow international academic studies in the field of economics and communicate with colleagues. | ✔ | |||||
| 12 | Contributes to the economic literacy and welfare of society by acting with an awareness of sustainable development, social welfare, and ethical responsibility in economic analysis. | ✔ | |||||
| 13 | Evaluates the relationship between historical economic developments and current economic policies to construct alternative scenarios for the future. | ✔ | |||||
| 14 | Analyzes sectoral growth, productivity, competition, and foreign trade performance using sectoral data to develop policy recommendations. | ✔ | |||||
| Program Requirements | DK1 | DK2 | DK3 | DK4 | DK5 | DK6 | DK7 |
|---|---|---|---|---|---|---|---|
| PY1 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| PY2 | 4 | 4 | 4 | 4 | 4 | 5 | 5 |
| PY3 | 4 | 5 | 4 | 5 | 5 | 5 | 5 |
| PY4 | 1 | 2 | 3 | 3 | 3 | 3 | 3 |
| PY5 | 4 | 4 | 5 | 5 | 4 | 5 | 5 |
| PY6 | 3 | 4 | 4 | 4 | 4 | 5 | 5 |
| PY7 | 4 | 5 | 5 | 5 | 4 | 5 | 5 |
| PY8 | 2 | 3 | 4 | 4 | 3 | 4 | 4 |
| PY9 | 4 | 2 | 3 | 4 | 3 | 4 | 4 |
| PY10 | 3 | 3 | 3 | 3 | 3 | 4 | 4 |
| PY11 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| PY12 | 5 | 3 | 4 | 4 | 3 | 4 | 5 |
| PY13 | 2 | 2 | 2 | 2 | 2 | 3 | 3 |
| PY14 | 2 | 4 | 4 | 4 | 4 | 4 | 5 |
| Ders Kitabı veya Notu | Ders Kitabı veya Ders Notu bulunmamaktadır. |
|---|---|
| Diğer Kaynaklar |
|
| 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 | 4 | 56 |
| Research | 10 | 1 | 10 | |
| Other Activities | 14 | 3 | 42 | |
|
Sınavlar |
Midterm | 1 | 1 | 1 |
| Final | 1 | 2 | 2 | |
| Total Workload | 153 | |||
| *AKTS = (Total Workload) / 25,5 | ECTS Credit of the Course | 6.0 | ||
