Ana içeriğe atla

ECON 416

Course ID:
Course Code & Number
ECON 416
Course Title
General Equilibrium & Welfare Economics
Level
BS
Credit Hours/ ECTS Credits
(3+0+0) 3 TEDU Credits, 6 ECTS Credits
Year of Study:
Senior
Semester:
Spring
Type of Course:
Elective
Mode of Delivery:
Face-to-face
Language of Instruction:
English
Pre-requisite / Co-requisite::
Pre-requisites: ECON 212
Co-requisites: NONE
Catalog Description
Theory of general competitive equilibrium from modern mathematical points of view. Basic concepts in welfare economics allowing an understanding of important economic factors affecting the level of social welfare. Tools of applied welfare analysis.
Course Objectives

The aim of this course is to introduce students the theory of general competitive equilibrium from modern mathematical points of view. The course will provide an understanding of important factors affecting the level of social welfare.

Software Usage
Students will use MS Office applications (Word, Excel, Access, Powerpoint) 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 consumer demand theory and production theory in mathematical, graphical and English terms. 
2. Interpret the fundamental welfare theorems. 
3. Solve simplified examples of general equilibrium problems. 
4. Discuss comparative statistics and stability. 
5. Solve general equilibrium models with uncertainty. 

Learning Activities and Teaching Methods:
Telling/Explaining Discussion/Debate Questioning Reading Peer Teaching Demonstrating Problem Solving Case Study/Scenarion Analysis Simulation & Games Video Presentations 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. Starr. R.M., General Equilibrium Theory: An Introduction. 2nd Edition, Cambridge University Press, Cambridge, 2011.
Required Reading
1. Moore. J. C., General Equilibrium and Welfare Economics: An Introduction. Springer, New York, 2006.
Grading
Learning Activities and Teaching Methods Others:
Course Coordinator:
Student Workload:
WorkloadHrs
Course & Program Learning Outcome Matching: