Information Package
baskent.edu.tr

Program of Economics (Turkish)

ECON214

MICROECONOMIC THEORY II

Course Code
ECON214
Semester
Fourth Term (Spring)
Theory+Practice
3 + 0
ECTS
6
Course TypeCompulsory Course
Course LevelBachelor's Degree
Year of Study2
SemesterFourth Term (Spring)
ECTS6
Name of Lecturer(s)
Learning Outcomes

At the end of this course, the students;

  1. Discusses the operation of different markets
  2. Explains pricing decisions of companies
  3. Analyzes the behavior of economic actors in factor markets.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme ComponentsECON205
Course DescriptionWe analyse strategic behaviour in imperfectly competitive markets, making use of concepts from game theory such as Nash equilibrium. Then, we look at factor markets and general equilibrium. Finally, we take up topics information, market failure, and the role of government.
Course Contents
WEEK TOPICS
1st Week Consumer and Firm Behaviour with Complete Information
2nd Week Uncertainty and Consumer Behaviour
3rd Week Monopolistic Competition
4th Week Oligopoly
5th Week Game Theory and Competitive Strategy
6th Week Strategic Interactions and Applications
7th Week Midterm
8th Week Auctions
9th Week Competitive Factor Markets
10th Week Factor Markets with Monopsony Power
11th Week Investment, Time and Capital Markets
12th Week General Equilibrium and Economic Efficiency
13th Week Markets with Asymmetric Information
14th Week Externalities and Public Goods
Recommended or Required ReadingRobert Pindyck and Daniel L. Rubinfeld, Microeconomics, 8th ed. Boston: Pearson, 2015.
Planned Learning Activities and Teaching Methods
  • Discussion
  • Lecture
  • Questions/Answers
  • Problem Solving
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 40
Quiz 2 10
Total(%) 50
Contribution of In-term Studies to Overall Grade(%) 50
Contribution of Final Examination to Overall Grade(%) 50
Total(%) 100
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam 1 2 2
Preparation for Quiz 2 8 16
Individual or group work 14 4 56
Preparation for Final exam 1 25 25
Course hours 14 3 42
Preparation for Midterm exam 1 25 25
Laboratory (including preparation) 0 0 0
Final exam 1 2 2
Homework
Total Work Load168
Total Work Load / 30 (h)5.6
ECTS Credit of the Course6
Language of InstructionTurkish
Work Placement(s)No

Programme Qualifications / Learning Outcomes

LO1 LO2 LO3
K1 X X X
K2 X X X
K3 X X X
K4
K5
K6
K7 X
K8
K9
K10 X
K11
K12
K13