ECO6001 Microeconomics TheoryBahçeşehir UniversityDegree Programs ECONOMICS AND FINANCE (ENGLISH, PHD)General Information For StudentsDiploma SupplementErasmus Policy StatementNational QualificationsBologna Commission
ECONOMICS AND FINANCE (ENGLISH, PHD)
PhD TR-NQF-HE: Level 8 QF-EHEA: Third Cycle EQF-LLL: Level 8

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
ECO6001 Microeconomics Theory Fall 3 0 3 9

Basic information

Language of instruction: English
Type of course: Must Course
Course Level:
Mode of Delivery: Face to face
Course Coordinator : Dr. Öğr. Üyesi DİLA ASFUROĞLU
Course Lecturer(s): Assoc. Prof. BÜLENT ANIL
Dr. Öğr. Üyesi BORA ERDAMAR
Recommended Optional Program Components: None
Course Objectives: This course is an advanced micro theory course that will meet the knowledge needs of doctoral students in microeconomic theory. It is aimed at students in the fields of Economics and Finance. Students are expected to be familiar with mathematical methods as the processing of the topics will be mathematical.

Learning Outcomes

The students who have succeeded in this course;
1) Define the concepts and hypotheses in microeconomic theory,
2) Master the tools used in microeconomic models at an advanced level,
3) Perform high-level microeconomic analysis,
4) Extend concepts and models into more advanced applications.

Course Content

The course starts with the foundations of consumer choice, producer theory, and partial equilibrium. Then, the focus of the course returns to general equilibrium theory, social choice and implementation theory. Game theory and mechanism design are also introduced and discussed.

Weekly Detailed Course Contents

Week Subject Related Preparation
1) Mathematical Methods 1 Jehle & Reny (2011) , Ch. A1
2) Mathematical Methods 2 Jehle & Reny (2011) , Ch. A2
3) Consumer Theory Jehle & Reny (2011) , Ch. 1
4) Topics in Consumer Theory Jehle & Reny (2011) , Ch. 2
5) Theory of the Firm Jehle & Reny (2011) , Ch. 3
6) Partial Equilibrium Jehle & Reny (2011) , CH. 4
7) Midterm Exam
8) General Equilibrium Jehle & Reny (2011) , Ch. 5
9) Social Choice & Welfare Jehle & Reny (2011) , Ch. 6
10) Game Theory 1 Jehle & Reny (2011) , Ch. 7
11) Game Theory 2 Jehle & Reny (2011) , Ch. 7
12) Information Economics Jehle & Reny (2011) , Ch. 8
13) Autions & Mechanism Design 1 Jehle & Reny (2011) , Ch. 9
14) Autions & Mechanism Design 2 Jehle & Reny (2011) , Ch. 9

Sources

Course Notes / Textbooks: Jehle, G. A., & Reny, P. J. (2011). Advanced Microeconomic Theory (3e). Pearson Education.
References: Mas-Colell, A., Whinston, M. D., & Green, J. R. (1995).
Microeconomic Theory. Oxford University Press. Varian, H. R. (1992).
Microeconomic Analysis (3e). W. W. Norton & Company.

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Quizzes 3 % 20
Midterms 1 % 30
Final 1 % 50
Total % 100
PERCENTAGE OF SEMESTER WORK % 50
PERCENTAGE OF FINAL WORK % 50
Total % 100

ECTS / Workload Table

Activities Number of Activities Duration (Hours) Workload
Course Hours 14 3 42
Study Hours Out of Class 10 13 130
Quizzes 3 5 15
Midterms 1 15 15
Final 1 30 30
Total Workload 232

Contribution of Learning Outcomes to Programme Outcomes

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Upon completion of the degree, we expect our graduates to hold key positions in academia, independent research institutions, part of governmental bodies and business world that require economic and financial research. 4
2) To comprehend the interaction between economics and related fields; to achieve original results by using expert knowledge in analysis, synthesis and evaluation of new and complex ideas. 4
3) To be able to obtain new knowledge in economics systematically and to acquire high level skills in research methods in economics. 4
4) To be able to develop new methods that make a contribution to science or to be able to apply existing techniques to an original research idea. 5
5) To be able to critically analyze, synthesize and evaluate new and complex ideas. 4
6) To develop new ideas and methods by using high level mental processes like creative and critical thinking, problem solving, decision making. 5
7) To broaden the knowledge of economics by publishing scientific articles related to economics in national or international refereed journals. 4
8) To be able to identify, participate in, organize and lead activities, such as panels, workshops and conferences, that aim to develop solutions for novel and interdisciplinary problems. 3
9) To follow pioneering and innovative theories and methods in economics, to be able to use them in analysis and research and to be able to contribute to the process of becoming an information society. 5
10) To be able to find creative solutions for social, scientific and ethical problems in the context of the science and profession of economics and to be able to spread the values which support these solutions. 4
11) To be able share his/her work and to criticize works of others by using academic networks in economics efficiently. 3
12) To have a good command of the English language which is mainly used in Economics and to be able to publish, communicate and follow the literature in this language. 4
13) Develop and deepen current and advanced level knowledge in economics to an expert level building on the competencies of the masters education and acquire the skills make original contributions to science. 3