Course Code and name

 

EKO652  Microeconomics II

Course Type

 

Compulsory

Course Credit

 

3 0 3

ECTS Credit

 

 

Lecturer

 

Assoc. Prof. Burak Günalp

Pre-requisite(s)

None

Course Length

 

1 Semester / 3 hours each week

Course Content

Monopoly and price discrimination. An introduction to game theory. Models of oligopoly. General equilibrium theory and welfare economics: (i) Equilibrium in pure exchange economies: Pareto optimality and the core, competitive equilibrium, utility possibility set, social welfare functions, first and second welfare theorems; (ii) Equilibrium in production: production-oriented models, production version of welfare theorems. Externalities and public goods.

Course Objective and Fulfillments to be obtained by Students

 

The aim of this course is to cover at an advanced level the fundamental themes of microeconomic theory. Students successfully completing this course should be able to analyze the characteristics of different market structures, and demonstrate their understanding of general equilibrium theory, externalities and public goods.

References

 
  • Varian, Hal R. Microeconomic Analysis, 3rd edition. New York, NY: W.W. Norton and Company, Inc., 1992.
  • Mas-Colell, Andreu; Michael D.Whinston and Jerry R. Gren. Microeconomic Theory, New York, Ny: Oxford University Pess, 1995.
  1. Jehle, Geoffrey a. and Phillip J. Reny, Advanced Microeconomic Theory, 2nd edition, New York, NY: Addison- Wesley Inc.,2001.

Teaching Method

 

Lectures and problem solving

Assessment Method

2 midterm exams (25% each), and a final exam (50%)

Instruction Language

Turkish