Course Information

Course Name	Turkish	Orta Düzey Mikroekonomi
	English	Intermediate Microeconomics
Course Code	ECN 201E	Credit	Lecture (hour/week)	Recitation (hour/week)	Laboratory (hour/week)
Semester	-	3	3	-	-
Course Language		English
Course Coordinator		Sencer Ecer
Course Objectives		1-) To use basic microeconomic terminology in contemporary issues. 2-) To analyze the objectives of the consumers and the firms. 3-) To understand the rationale for government intervention and to identify policy options for the government. 4-) To apply basic microeconomic tools in public policy issues.
Course Description		This course studies the economic behavior of consumers and firms, exploring how they respond to changes in the opportunities and constraints that they face and how they interact in markets. It further analyzes how different market structures can shape economic results and how markets can help society achieve desirable outcomes.
Course Outcomes		1-) Competency in basic microeconomic concepts such as tradeoff, opportunity cost and gains from trade. 2-) Competency in the theory of consumer choice and understand how uncertainty affects the decision. 3-) Competency in the objectives of the firm, that is, profit maximization and cost minimization. 4-) Skill to identify what strategies and conduct firms in a given industry have adopted and opine on how a given firm can be more competitive. 5-) Ability to comment on market failures such as imperfect competition and externalities and the rationale for government intervention. 6-) Skill to assess how asymmetric information affects the markets. 7-) Skill to design basic voting and auction mechanisms.
Pre-requisite(s)		ECN 101E min DD
Required Facilities
Other
Textbook		Varian, Hal R. Intermediate Microeconomics: A Modern Approach. 7th ed. New York, NY: W.W. Norton, 2005
Other References		Perloff, Jeffrey M., Microeconomics, 6th edition, Pearson, 2012

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