Course Name Code Semester T+U Hours Credit ECTS
Advanced Microeconomic Theory IKT 621 0 3 + 0 3 6
Precondition Courses
Recommended Optional Courses
Course Language Turkish
Course Level Doctorate Degree
Course Type Compulsory
Course Coordinator Prof.Dr. MUSTAFA AKAL
Course Lecturers Prof.Dr. MUSTAFA AKAL,
Course Assistants
Course Category Field Proper Education
Course Objective This Course aims to enrich students understanding of micoeconomic theory: consumers´ theory, producers´ theory, productions factors and goods prices theories in advanced details.
Course Content This Course covers consumers´ theory, producers´ theory and price theory in advanced detail.
# Course Learning Outcomes Teaching Methods Assessment Methods
1 Provides explanation for consumers´ decisions , , , , , , ,
2 Provides explanation for producers´ decisions , , , ,
3 Provides explanation for how markets operates , , , ,
4 Provides explanation for multi-period decisions , , , ,
5 Provides explanation for how the general equilibrium occurs , , , ,
6 Provides explanation for how to model aconomic agets´ behavior , , , ,
Week Course Topics Preliminary Preparation
1 Optimization Varian, H. R., Microeconomic Analysis. Silberberg, Eugene,The Structure of Economics: A Mathematical Analysis. Nicholson, Walter E., Microeconomic Theory. Hirshleifer, Jack & Glazer, Amihai, Price Theory and Applications.
2 Utility maximization and proofs for its properties Varian, H. R., Microeconomic Analysis. Silberberg, Eugene,The Structure of Economics: A Mathematical Analysis. Nicholson, Walter E., Microeconomic Theory. Hirshleifer, Jack & Glazer, Amihai, Price Theory and Applications.
3 Cost minimization and proofs for its properties Varian, H. R., Microeconomic Analysis. Silberberg, Eugene,The Structure of Economics: A Mathematical Analysis. Nicholson, Walter E., Microeconomic Theory. Hirshleifer, Jack & Glazer, Amihai, Price Theory and Applications.
4 Demand Functions and proofs for its properties, Hicks and Slutsky views of income effects Varian, H. R., Microeconomic Analysis. Silberberg, Eugene,The Structure of Economics: A Mathematical Analysis. Nicholson, Walter E., Microeconomic Theory. Hirshleifer, Jack & Glazer, Amihai, Price Theory and Applications.
5 Elasticities and proofs for its properties Varian, H. R., Microeconomic Analysis. Silberberg, Eugene,The Structure of Economics: A Mathematical Analysis. Nicholson, Walter E., Microeconomic Theory. Hirshleifer, Jack & Glazer, Amihai, Price Theory and Applications.
6 Production function and proofs for its properties. Costs functions. Varian, H. R., Microeconomic Analysis. Silberberg, Eugene,The Structure of Economics: A Mathematical Analysis. Nicholson, Walter E., Microeconomic Theory. Hirshleifer, Jack & Glazer, Amihai, Price Theory and Applications.
7 Perfectly competitive markets and a firm´s decision. Varian, H. R., Microeconomic Analysis. Silberberg, Eugene,The Structure of Economics: A Mathematical Analysis. Nicholson, Walter E., Microeconomic Theory. Hirshleifer, Jack & Glazer, Amihai, Price Theory and Applications.
8 Mid term Exam
9 Monopolistic Markets and the firm´s decision. Varian, H. R., Microeconomic Analysis. Silberberg, Eugene,The Structure of Economics: A Mathematical Analysis. Nicholson, Walter E., Microeconomic Theory. Hirshleifer, Jack & Glazer, Amihai, Price Theory and Applications.
10 Duopolistic markets and firms´ decision. Varian, H. R., Microeconomic Analysis. Silberberg, Eugene,The Structure of Economics: A Mathematical Analysis. Nicholson, Walter E., Microeconomic Theory. Hirshleifer, Jack & Glazer, Amihai, Price Theory and Applications.
11 Monopolistic Competition and firms´ decision. Varian, H. R., Microeconomic Analysis. Silberberg, Eugene,The Structure of Economics: A Mathematical Analysis. Nicholson, Walter E., Microeconomic Theory. Hirshleifer, Jack & Glazer, Amihai, Price Theory and Applications.
12 Factor Markets Varian, H. R., Microeconomic Analysis. Silberberg, Eugene,The Structure of Economics: A Mathematical Analysis. Nicholson, Walter E., Microeconomic Theory. Hirshleifer, Jack & Glazer, Amihai, Price Theory and Applications.
13 Mult-Period Optimization Varian, H. R., Microeconomic Analysis. Silberberg, Eugene,The Structure of Economics: A Mathematical Analysis. Nicholson, Walter E., Microeconomic Theory. Hirshleifer, Jack & Glazer, Amihai, Price Theory and Applications.
14 General equilibrium Varian, H. R., Microeconomic Analysis. Silberberg, Eugene,The Structure of Economics: A Mathematical Analysis. Nicholson, Walter E., Microeconomic Theory. Hirshleifer, Jack & Glazer, Amihai, Price Theory and Applications.
Resources
Course Notes Hendersen, J. M and Quandt, R. E., Microeconomic Theory<br>Varian, H. R.,Intermediate Microeconomics.<br>Varian, H. R., Microeconomic Analysis.<br>Silberberg, Eugene,The Structure of Economics: A Mathematical Analysis.<br>Nicholson, Walter E., Microeconomic Theory. <br>Hirshleifer, Jack & Glazer, Amihai, Price Theory and Applications.
Course Resources Mikro İktisat Tüketici ve Üretici Teorisi, Akal, M.
Mikro İktisat Tüketici Piyasa Teorisi, Akal, M.
Mikroiktisat, İsmail Bulmuş.
Leibenstein, Harwey,Bendwagon, Snob, and Veblen Effects in the Theory, Quarterly Journal of Economics, May, (Reprinted in Microeconomic: Selected Readings, Ed. Edwin Mansfield, p.p.12-30. (1950).
Solow, R., Technical Change and the Aggregate Production Function, Review of Economics and Statistics, August, pp. 312-320. (1957).
Konularla ilgili İngilizce ve Türkçe diğer makaleler
Order Program Outcomes Level of Contribution
1 2 3 4 5
1 they constitute an idea in economic subjects analitically and advocacy this idea coherent and critique the ideas constituted by others
2 They have perfect knowledge They have perfect knowledge about general microeconomic theory through numeric and graphical methods
3 They have perfect knowledge about general macroeconomic theory through numeric and graphical methods
4 They know econometricThey have perfect knowledge about international trade theory through numeric
5 They know econometric theories and have ability to solve economic problems by using these theories
6 They make academic studies when needed to economic perspective
7 They are specialists at some of theese areas:public economics, industrial economics,money and banking economics, environment and natural sources economics, labour economics, knowledge and property economics, international trade and finance economics, economic growth and development
8 they have ability of translation at language orally and written
9 they use basic computer programs helping to make economic analysis
10 they have proffecional, social and scientific etic value
Evaluation System
Semester Studies Contribution Rate
1. Ara Sınav 100
Total 100
1. Yıl İçinin Başarıya 50
1. Final 50
Total 100
ECTS - Workload Activity Quantity Time (Hours) Total Workload (Hours)
Course Duration (Including the exam week: 16x Total course hours) 16 3 48
Hours for off-the-classroom study (Pre-study, practice) 16 6 96
Final examination 1 3 3
Total Workload 147
Total Workload / 25 (Hours) 5.88
dersAKTSKredisi 6