-The aim of this course is to elaborate on the basic microeconomic concepts covered in previous courses and to further develop conceptual reasoning that can be applied to a variety of decision-making and public policy issues.
- The course consists of two main parts. The first part covers some of the distortions and inefficiencies of the competitive market. The second part focuses on strategic thinking and imperfect competition.
Course and recitation
Thomas Necyhba, “Microeconomics: An Intuitive Approach with Calculus”, Cengage Learning (2010)
Varian, Hal R., "Introduction à la microéconomie", De Boeck Université (2015)
Murat Yıldızoğlu, “Introduction à la microéconomie“, libre accès sur:
http://www.yildizoglu.fr/livremicro/livre-micro.pdf
| Week | Weekly Contents |
|---|---|
| 1 | Introduction and course description |
| 2 | Choices under uncertainty and attitudes towards risk |
| 3 | Elasticities, price ceilings and price floors |
| 4 | Taxes and subsidies |
| 5 | Recitation |
| 6 | Externalities, inefficiency and public policy |
| 7 | Information asymmetries, adverse selection and statistical discrimination |
| 8 | Midterm exam |
| 9 | Imperfect competition - the extreme case: monopoly |
| 10 | Strategic decision making and game theory |
| 11 | Recitation |
| 12 | Oligopoly |
| 13 | Product differentiation, monopolistic competition and innovation |
| 14 | Synthesis |
| Activities | Number | Contribution |
|---|---|---|
| Contribution of in-term studies to overall grade | 1 | 55 |
| Contribution of final exam to overall grade | 1 | 45 |
| Total | 2 | 100 |
| Activities | Number | Contribution |
|---|---|---|
| Assignments | 2 | 20 |
| Presentation | 0 | 0 |
| Midterm Examinations (including preparation) | 1 | 35 |
| Project | 0 | 0 |
| Laboratory | 0 | 0 |
| Other Applications | 0 | 0 |
| Quiz | 0 | 0 |
| Term Paper/ Project | 0 | 0 |
| Portfolio Study | 0 | 0 |
| Reports | 0 | 0 |
| Learning Diary | 0 | 0 |
| Thesis/ Project | 0 | 0 |
| Seminar | 0 | 0 |
| Other | 0 | 0 |
| Total | 3 | 55 |
| Activities | Number | Period | Total Workload |
|---|---|---|---|
| Class Hours | 14 | 3 | 42 |
| Working Hours out of Class | 14 | 3 | 42 |
| Assignments | 2 | 10 | 20 |
| Midterm Examinations (including preparation) | 1 | 20 | 20 |
| Final Examinations (including preparation) | 1 | 25 | 25 |
| Total Workload | 149 | ||
| Total Workload / 25 | 5.96 | ||
| Credits ECTS | 6 | ||