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) Being able to evaluate and use new knowledge in Economics and Finance with a systematic approach. 3
1) Being able to develop new thoughts and methods in Economics and Finance by using high-level mental processes such as creative and critical thinking, problem solving and decision making. 4
1) Being able to contribute to the progress in Economics and Finance by independently carrying out an original work that brings innovation to the field, develops a new idea, method, design and/or application or applies a known idea, method, design and/or application to a different field. 2
1) Being able to develop and deepen current and advanced knowledge in the field with original thought and/or research at the level of expertise based on Master's qualifications, and reach original definitions that will bring innovation to the field. 3
1) Being able to critically examine and develop social relations and the norms that guide these relations, and to manage actions to change them when necessary. 2
1) Being able to contribute to the process of becoming an information society and maintaining it by introducing scientific, technological, social or cultural advances in the fields of Economics and Finance. 1
2) Being able to comprehend the interdisciplinary interaction that Economics and Finance are related to; and to reach original results by using knowledge that requires expertise in analyzing, synthesizing and evaluating new and complex ideas. 2
2) Being able to develop a new idea, method, design and/or application that brings innovation to the fields of Economics and Finance, or to apply a known idea, method, design and/or application to a different field, to investigate, comprehend, design, adapt and apply an original subject. 2
2) Being able to defend their original views in the discussion of the issues in the field with experts and to establish an effective communication showing their competence in the field. 1
2) Being able to interact functionally by using strategic decision making processes in solving problems related to Economics and Finance. 2
2) Being able to expand the limits of knowledge in the field by publishing at least one scientific article on Economics and Finance in national and/or international peer-reviewed journals and/or by producing or interpreting an original work. 3
3) Being able to contribute to the solution of social, scientific, cultural and ethical problems encountered in Economics and Finance and to support the development of these values. 3
3) Being able to critically analyze, synthesize and evaluate new and complex ideas. 3
3) Being able to communicate and discuss at an advanced level in written, oral and visual English using at least the European Language Portfolio C1 General Level. 1
3) Ability to lead in environments that require the resolution of unique and interdisciplinary problems. 2
4) Gaining high-level skills in using research methods in studies related to Economics and Finance. 1