Course ID:
Course Code & Number
ECON 212
Course Title
Microeconomics II
Level
BS
Credit Hours/ ECTS Credits
(3+1+0) 3 TEDU Credits, 6 ECTS Credits
Year of Study:
Sophomore
Semester:
Spring
Type of Course:
Compulsory
Mode of Delivery:
Face-to-face
Language of Instruction:
English
Pre-requisite / Co-requisite:
Pre-requisites: ECON 211
Co-requisites: NONE
Catalog Description
Formal tools of microeconomic theory. Monopoly and monopsony. Price discrimination, monopolistic competition and oligopoly. Game theory and strategic behavior. Uncertainty and information. General equilibrium. The issues in public economics, such as externalities and public goods.
Course Objectives
The aim of this course is to introduce students the firm theory and fundamentals of the supply side of the market. The course will provide a general introduction to perfectly competitive markets, oligopoly and monopoly, general equilibrium and the issues in public economics.
Software Usage
Students will use MS Office applications (Word, Excel, Access, Power point) to work on their weekly assignments about 2 hours a week.
Course Learning Outcomes
Upon succesful completion of this course, a student will be able to
1. Explain production decision of firms.
2. Describe cost curves, firm supply and industry supply.
3. Solve profit maximization problem of the firm.
4. Analyze welfare and general equilibrium in the market.
5. Apply the theory to monopoly, oligopoly and monopoly behavior markets
6. Solve general equilibrium under externalities and for public goods.
Learning Activities and Teaching Methods:
Telling/Explaining
Discussion/Debate
Questioning
Reading
Demonstrating
Problem Solving
Case Study/Scenarion Analysis
Simulation & Games
Oral Presentations/Reports
Guest Speakers
Web Searching
Assessment Methods and Criteria:
Test / Exam
Quiz
Case Studies / Homework
Presentation (Oral/Poster)
Assessment Methods and Criteria Others:
Design Content
Recommended Reading
1. Pindyck. R. and D. Rubinfeld, Microeconomics. 7th Edition, Prentice Hall, New York, 2008.
Required Reading
1. Varian. H., Intermediate Microeconomics: A Modern Approach. W.W. Norton Co., New York, 2009.
Grading
Learning Activities and Teaching Methods Others:
Course Coordinator:
Student Workload:
| Workload | Hrs |
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Course & Program Learning Outcome Matching: