Information Package
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Program of Economics (English)

ECO212

MICROECONOMIC THEORY II

Course Code
ECO212
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 Components-
Course DescriptionThis course is the second part of the Microeconomic Analysis sequence and builds on the theoretical foundations developed in Microeconomic Analysis I. It provides a more advanced and rigorous treatment of firm behavior and market structure. The course begins with a detailed analysis of production theory and cost minimization, followed by short-run and long-run cost structures. It then examines competitive firms and market equilibrium under perfect competition, before turning to models of monopoly and monopsony to analyze market power and welfare effects. The course continues with oligopoly and monopolistic competition, emphasizing strategic interaction among firms, and concludes with an introduction to game theory as a formal framework for analyzing strategic decision-making. Throughout the semester, students engage with mathematical and graphical tools to develop a deeper understanding of pricing, output determination, efficiency, and welfare across different market environments.
Course Contents
WEEK TOPICS
1st Week Introduction
2nd Week Firms and Production (pp. 201- 229) - 1
3rd Week Firms and Production (pp.201-229) - 2
4th Week Costs (pp.233-254) - 1
5th Week Costs (pp.233-254) - 2
6th Week Costs (pp.254-267) - 1
7th Week Midterm
8th Week Costs (pp.254-267) - 2
9th Week Competitive Firms and Markets (pp.272-295) - 1
10th Week Competitive Firms and Markets (pp.272-295) - 2
11th Week Monopoly and Monopsony - 1
12th Week Monopoly and Monopsony - 2
13th Week Oligopoly and Monopolistic Competition - 1
14th Week Oligopoly and Monopolistic Competition - 2
Recommended or Required ReadingTextbook Perloff, J. M. (2021) Microeconomics: Theory and Applications with Calculus, Fifth edition (Global edition.), Pearson, England

Lecture Notes Ozan Eruygur's Lecture Notes. Accessible from:
https://www.ozaneruygur.com/eng/
Planned Learning Activities and Teaching Methods
  • Discussion
  • Lecture
  • Questions/Answers
  • Problem Solving
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 30
Attendance 1 20
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 0 0 0
Total Work Load168
Total Work Load / 30 (h)5.6
ECTS Credit of the Course6
Language of InstructionEnglish
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