Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS CreditsLast Updated Date
7İKT444General Equilibrium Theory2+0+02318.08.2026
Course Details
Language of Instruction Turkish
Level of Course Unit Bachelor's Degree
Department / Program Economics
Type of Program Formal Education
Type of Course Unit Elective
Course Delivery Method Face To Face
Objectives of the Course This course aims to introduce the fundamental concepts and mathematical modeling of general equilibrium theory. It equips students with the skills to analyze market equilibrium, different market structures, and resource allocation.
Course Content Introduction to general equilibrium theory
• Supply, demand, and market equilibrium
• Walrasian general equilibrium model
• Pareto efficiency and social welfare
• Factor markets and income distribution
• Applications of general equilibrium models
Course Methods and Techniques Lectures
• Mathematical modeling
• Case studies
Prerequisites and co-requisities None
Course Coordinator Sekreter Turgay Bozan
Name of Lecturers None
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources Genel Denge Teorisi
Course Notes 70% attendance is mandatory

Course Category
Social Sciences %100

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 40
Final examination 1 % 60
Total
2
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 15 2 30
Mid-terms 1 30 30
Final examination 1 30 30
Total Work Load   Number of ECTS Credits 3 90

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Understand the basic concepts of general equilibrium theory
2 Analyze Walrasian general equilibrium model
3 Evaluate Pareto efficiency and social welfare
4 Analyze factor markets and income distribution
5 Apply general equilibrium models to different economic systems

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Introduction to General Equilibrium Theory
2 Analysis of Supply and Demand Equilibrium
3 Walras' General Equilibrium Model
4 Market Disequilibrium and Externalities
5 Pareto Efficiency and Social Welfare
6 Factor Markets and Income Distribution
7 Modeling the Equilibrium of Production and Consumption
8 Midterm
9 Solution Methods for General Equilibrium Models
10 Economic Growth and General Equilibrium
11 Government Intervention in General Equilibrium Models
12 International Trade and General Equilibrium
13 Current Applications of General Equilibrium Models
14 General Review
15 General Review
16 Final Exam

 
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11 P12
All 3 4 3 4 3 4 3 4 3 4 3 1
C1 3 3 4 4 3 3 4 4 4 3 3 1
C2 4 3 4 4 3 3 4 4 4 3 4 1
C3 3 3 4 4 3 4 4 5 3 3 4 1
C4 3 3 4 3 4 3 4 3 4 3 4 1
C5 3 3 3 4 3 3 2 3 3 3 2 1

  Contribution: 1: Very Slight 2:Slight 3:Moderate 4:Significant 5:Very Significant