TYPE OF COURSE UNIT	Compulsory Course
LEVEL OF COURSE UNIT	Bachelor's Degree
YEAR OF STUDY	2
SEMESTER	Fourth Term (Spring)
NUMBER OF ECTS CREDITS ALLOCATED	6
NAME OF LECTURER(S)	Professor Uğur Emek
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Discusses the operation of different markets 2) Explains pricing decisions of companies 3) Analyzes the behavior of economic actors in factor markets.
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	ECON205
COURSE DEFINITION	We analyse strategic behaviour in imperfectly competitive markets, making use of concepts from game theory such as Nash equilibrium. Then, we look at factor markets and general equilibrium. Finally, we take up topics information, market failure, and the role of government.
COURSE CONTENTS	WEEK TOPICS 1st Week Consumer and Firm Behaviour with Complete Information 2nd Week Uncertainty and Consumer Behaviour 3rd Week Monopolistic Competition 4th Week Oligopoly 5th Week Game Theory and Competitive Strategy 6th Week Strategic Interactions and Applications 7th Week Auctions 8th Week Midterm 9th Week Competitive Factor Markets 10th Week Factor Markets with Monopsony Power 11th Week Investment, Time and Capital Markets 12th Week General Equilibrium and Economic Efficiency 13th Week Markets with Asymmetric Information 14th Week Externalities and Public Goods
RECOMENDED OR REQUIRED READING	Robert Pindyck and Daniel L. Rubinfeld, Microeconomics, 8th ed. Boston: Pearson, 2015.
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Discussion,Lecture,Questions/Answers,Problem Solving
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 40 Quiz 2 10 Total(%) 50 Contribution of In-term Studies to Overall Grade(%) 50 Contribution of Final Examination to Overall Grade(%) 50 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 2 2 Preparation for Quiz 2 8 16 Individual or group work 14 4 56 Preparation for Final exam 1 25 25 Course hours 14 3 42 Preparation for Midterm exam 1 25 25 Laboratory (including preparation) 0 0 0 Final exam 1 2 2 Homework Total Workload 168 Total Workload / 30 5,6 ECTS Credits of the Course 6
LANGUAGE OF INSTRUCTION	Turkish
WORK PLACEMENT(S)	No