Advanced Microeconomics (ECON 370)

2024 Fall
Faculty of Arts and Social Sciences
Economics(ECON)
3
6/7 ECTS (for students admitted in the 2013-14 Academic Year or following years)
Mehmet Barlo barlo@sabanciuniv.edu,
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English
Undergraduate
ECON201 ECON204
Formal lecture,Recitation
Interactive,Learner centered,Communicative
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Programs\Type Required Core Elective Area Elective
Economics *
Economics *

CONTENT

Individual and social choice, uncertainty; core and competitive equilibrium; fundamental theorems of economics; partial equilibrium, cost-benefit analysis; topics in economics of information, dynamic competition, auction theory; topics in cooperative microeconomics network economics; topics in mechanism design

OBJECTIVE

The goal of this course is to introduce students to, and obtain their acquaintance with the formal methods of microeconomics theory. This is a serious course in which students ought to learn to understand microeconomics and its related fields. We are going to derive most of the results from primitives, and will not take any formulae as given. Moreover, we will associate what we have learned with practical applications.

LEARNING OUTCOMES

  • Demonstrate a broad knowledge of rationality and analysis of decision-making under behavioral aspects in microeconomic theory.
  • Demonstrate a broad knowledge of allocations of scarce resources among rational decision-makers in pure exchange economies.
  • Demonstrate a broad knowledge of the price mechanism, general equilibrium theory, and its welfare properties in pure exchange economies.
  • Learn the introductory standards to attend advanced specialized courses in economic theory such as decision theory, dynamic general equilibrium theory and macroeconomics, game theory, and mechanism design.

PROGRAMME OUTCOMES

1. Understand the world, their country, their society, as well as themselves and have awareness of ethical problems, social rights, values and responsibility to the self and to others. 5

2. Understand different disciplines from natural and social sciences to mathematics and art, and develop interdisciplinary approaches in thinking and practice. 4

3. Think critically, follow innovations and developments in science and technology, demonstrate personal and organizational entrepreneurship and engage in life-long learning in various subjects; have the ability to continue to educate him/herself. 3

4. Communicate effectively in Turkish and English by oral, written, graphical and technological means. 4

5. Take individual and team responsibility, function effectively and respectively as an individual and a member or a leader of a team; and have the skills to work effectively in multi-disciplinary teams. 2

1. Develop knowledge of theories, concepts, and research methods in humanities and social sciences. 5

2. Assess how global, national and regional developments affect society. 5

3. Know how to access and evaluate data from various sources of information. 5

1. Provide constructive analysis of economic phenomena at the national and international level, and interactions between the two. 4

2. Develop an understanding of organizations and institutions in the society as well as their influence on the economy. 4

3. Recognize how incentives shape the behavior of individuals and organizations. 4

4. Identify "economic" problems and propose alternative models and/or design and conduct research to provide viable solutions using theoretical tools and/or quantitative methods. 5

5. Communicate problems and solutions to managerial and policy decision-making units as well as to lay audiences. 3

ASSESSMENT METHODS and CRITERIA

  Percentage (%)
Final 40
Midterm 30
Assignment 30

RECOMENDED or REQUIRED READINGS

Readings

Lecture Notes that I will be providing.