Announcements

  1. Course page is on line (Oct. 8)
  2. A List of Bookstores where you can purchase the textbook is posted. (Oct.8)
  3. Homework 1 Questions posted. (Nov.5)
  4. Homework 2 Questions posted. (Nov.5)
  5. Homework 1 Answers posted. (Nov.10)
  6. Homework 2 Answers posted. (Nov.10)
  7. Homework 3 Questions posted. (Nov.10)
  8. Homework 3 Answers posted. (Nov.10)
  9. Midterm Exam 1 Result posted. (Dec. 10)
  10. Homework 4 Questions posted. (Dec. 19)
  11. Homework 5 Questions posted (Dec. 19)
  12. Homework 4 Answers posted. (Dec. 19)
  13. Homework 5 Answers posted. (Dec. 19)
  14. Midterm Exam II: December 30 (Thursday) from 16:00 - 17:30. At A3, D7. Bring your calculator.
  15. Final Exam Schedule: Jan. 24 (Monday) 9:00 - 10:45. D9, D10. Coverage: ALL Chapters. Bring a calculator. No cell phones allowed. (Jan. 6)
  16. Homework questions for Chapter 7, Chapter 8 and Chapter 9 posted. (Jan.13)
  17. Homework answers for Chapter 7, Chapter 8 and Chapter 9 posted. (Jan.13)
  18. Midterm II Result posted. (Jan.13)
  19. Final Exam Result posted. (Jan.28)

Personnel

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

Course Information

Schedule: Fridays 9:00-11:45, D4
Office hours: 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. 8)
Topics:
  • The Scope and Method of Economics
Readings:
  • Ch. 1

Week 2

(Oct. 15)
Topics:
  • The Economic Problem; Scarcity and Choice
Readings:
  • Ch. 2

Week 3

(Oct. 22)
Topics:
  • Demand, Supply and Market Equilibrium
Readings:
  • Ch. 3

Week 4

(Oct. 29)
No Class

Week 5

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

Week 6

(Nov.12)
Topics:
  • Elasticity
Readings:
  • Ch. 5

Week 7

(Nov.19)
No Class

Week 8

(TBA)
1st Midterm Exam

Week 9

(Dec.3)
Topics:
  • Household Behavior and Consumer Choice
  • Readings:
    • Ch. 6

Week 10

(Dec.3)
Topics:
  • Household Behavior and Consumer Choice
  • Readings:
    • Ch. 6

Week 11

(Dec.17)
Topics:
  • The Production Process: The Behavior of Profit-Maximizing Firms
Readings:
  • Ch. 7

Week 12

(Dec. 24)
Topics:
  • The Production Process: The Behavior of Profit-Maximizing Firms
Readings:
  • Ch. 7
(TBA)
2nd Midterm Exam

Week 13

(Dec. 31)
Topics:
  • Short-Run Costs and Output Decisions
Readings:
  • Ch. 8

Week 14

(Jan. 7)
Topics:
  • Long-Run Costs and Output Decisions
Readings:
  • Ch. 9

Week 15

(Jan. 14)
Topics:
  • General Equilibrium and the Efficiency of Perfect Competition
Readings:
  • Ch. 12

Final Exam

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

Exams

Grading Policy

1nd Midterm Exam30%
2nd Midterm Exam30%
Final Exam40%

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