Course Code & Number:
(3+1+0) 3 TEDU Credits, 6 ECTS Credits
Mikroekonomik teorinin formal araçları. Tüketicilerin harcama kararlarının analizi. Firmaların üretim kararları ve piyasaların işleyişi. Arz ve talep analizinin temel teorileri. Üretim teorisi. Mikroekonominin temel prensiplerinin günlük hayatta uygulamaları.
Pre-requisites & Co-requisites:
Pre-requisites: MATH 101 OR ECON 110 OR ECON 101 OR MATH 111
1. Varian. H., Intermediate Microeconomics: A Modern Approach. W.W. Norton Co., New York, 2009.
1. Pindyck. R. and D. Rubinfeld, Microeconomics. 7th Edition, Prentice Hall, New York, 2008.
The aim of this course is to introduce students the basic principles and formal tools of microeconomic theory. Students would explain the fundamental theories of consumer decision, production decisions of firms and demand and supply analyses.
The market. Budget constraint. Preferences. Utility. Choice. Demand, revealed preference. Slutsky Equation. Income and substitution effect. Buying and selling. Intertemporal choice. Asset markets. Uncertainty. Risky assets. Consumer’s surplus, market demand, equilibrium.
Students will use MS Office applications (Word, Excel, Access) to work on their weekly assignments about 2 hours a week.
Upon succesful completion of this course, a student will be able to
1. Explain production decision of firms.
2. Describe the functioning of markets.
3. Calculate utility of the consumer and budget constraint.
4. Solve the Slutsky equation to identify income and substitution effects of consumer demand.
5. Examine how economic agents interact in the market.
6. Analyze supply and demand and equilibrium in the market.
7. Apply fundamental theory of microeconomics to various contexts in everyday life.
Planned Learning Activities and Teaching Methods:
Case Study/Scenarion Analysis
Simulation & Games
Assessment Methods and Criteria:
Test / Exam
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