Announcements

  1. Course page is on line (Oct. 1)
  2. Classroom has been changed to D7. (Oct.21)
  3. CourseCompass Course ID: ara42446, for those who wants to use the online materials.
  4. Midterm Exam I: Nov.13 (Fri) @ 9:00-10:45, D7-D8. Bring a calculator. No cell phones allowed. Coverage: Ch.2, 3, 4 (only price ceiling and price floor). (Nov.8)
  5. Practice Session: Nov. 10 (Tue) @ 12:00 - 12:45, D10.
  6. Quiz Answer posted (Nov.8)
  7. HW 1 and 2 Answers posted. Password required. If you need the password, e-mail me.(Nov.8)
  8. Quiz1 Result posted. (Nov.12)
  9. Midterm 1 Result posted. (Dec.5)
  10. Midterm Exam 2: Dec.11. 9:00-10:45. D7-D8.Coverage: Ch.4, Ch.5, Ch.6 up to page 152, and Appendix page162-164. Income and substitution effects not included. Bring a calculator. EN-TR dictionary allowed. Cell phones not allowed.
  11. Homework Answers for Chapter 4, Chapter 5 and Chapter 6 posted. (Dec.7)
  12. Midterm 2 Result posted (Dec.23)
  13. Quiz 2 Result posted. (Dec.29)
  14. EK class on 30th Dec. 12:00-12:45 at D7.
  15. HW Answers for CH7, CH8 and CH9 posted. (Jan.7)
  16. Quiz 2 Answer posted. (Jan.7)
  17. Final Exam Result posted. (Jan.20)

Personnel

Instructor: Shihomi Ara-Aksoy
(Office: İİBF, İktisat Bölümü, Email: )

Course Information

Schedule: Fridays 9:00-11:45, D7
Office hours: Wednesdays 17:00-18:00, Fridays 16:00-17:00 Or By Appointment
Course description
/objective:

The objective of this course is to introduce the basic concepts and tools used in economic analysis.  In this course, the structures of Microeconomics will be discussed. Students are expected to learn “economic” way of thinking and analyse the economic events in our society by using the learned economic tools.  The contents covered in this course will be discussed in more detailed manner in microeconomics courses in the following years. Therefore, it is strongly recommended to keep up with readings and make sure to understand every concept clearly.

Text:

Course Syllabus

Lecture Schedule

Week

Contents

Week 1

(Oct. 9)
Topics:
  • The Scope and Method of Economics
Readings:
  • Ch. 1

Week 2

(Oct. 16)
Topics:
  • The Economic Problem; Scarcity and Choice
Readings:
  • Ch. 2

Week 3

(Oct. 23)
Topics:
  • Demand, Supply and Market Equilibrium
Readings:
  • Ch. 3

Week 4

(Oct. 30)
Topics:
  • Demand, Supply and Market Equilibrium
  • Elasticity
Readings:
  • Ch. 3

Week 5

(Nov.6)
Topics:
  • Demand and Supply Applications
    • Readings:
    • Ch. 4

Week 6

(Nov.13)
Midterm Exam 1: Coverage: Ch.2, Ch.3, Ch.4 only price ceiling and price floor.
Result

Week 7

(Nov.20)
Topics:
  • Demand and Supply Applications
  • Elasticity
Readings:
  • Ch. 4, Ch. 5

Week 8

(Nov.27)
No Class

Week 9

(Dec.4)
Topics:
  • Household Behavior and Consumer Choice
  • The Production Process: The Behavior of Profit-Maximizing Firms
    • Readings:
    • Ch. 6, Ch. 7
(Dec.11)
Midterm Exam 2: Coverage: Ch.4, Ch.5, Ch.6 up to page 152, and Appendix page162-164. Income and substitution effects not included.
Result

Week 11

(Dec.18)
Topics:
  • Short-Run Costs and Output Decisions
  • Long-Run Costs and Output Decisions
Readings:
  • Ch. 8, Ch. 9

Week 12

(Dec. 25)
Topics:
  • General Equilibrium and the Efficiency of Perfect Competition
Readings:
  • Ch. 12

Week 13

(Jan.1)
No Class

Week 14

(Jan.8)
Topics:
  • Monopoly
Readings:
  • Ch. 13

Final Exam

(TBA)
Final Exam: Exact date will be announced later.

Exams

Grading Policy

Two Quizzes5% each (10% total)
1nd Midterm Exam25%
2nd Midterm Exam25%
Final Exam40%

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