Announcements

  1. Course page is on line (Nov.23)
  2. Homework Questions for Chapter 2 (You can skip PPF questions), Chapter 3, Chapter 4 and Chapter 5 posted. (Nov.23)
  3. Homework Answers for Chapter 2, Chapter 3, Chapter 4 and Chapter 5 posted. (Nov.23)
  4. Midterm Exam: Nov.29 (Tue) 10:00-11:30. Conference Hall. Coverage: Chapters 1, 2, 3, 4 and 5. Bring a calculator. No cell phones allowed. (Nov.23)
  5. Midterm Exam Result is posted. (Dec.2)
  6. Homework Questions for Chapter 6, Chapter 7, Chapter 8, Chapter 9, Chapter 12 are posted.
  7. Homework Answers for Chapter 6, Chapter 7, Chapter 8 and Chapter 9.
  8. Final Exam Coverage: Chapters 6, 7, 8, 9, 12, 13.

Personnel

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

Course Information

Schedule: Tuesdays 9:00-11:45, D3
Office hours: Tuesdays and Wednesdays 12:00-13:30, 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.

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Text:

Course Syllabus

Lecture Schedule (updated)

Week

Contents

Week 1

(Oct. 4)
Topics:
  • The Scope and Method of Economics
Readings:
  • Ch. 1

Week 2

(Oct. 11)
Topics:
  • The Economic Problem; Scarcity and Choice
Readings:
  • Ch. 2

Week 3

(Oct. 18)
The class was cancelled.

Week 4

(Oct. 25)
Topics:
  • Demand, Supply and Market Equilibrium
Readings:
  • Ch. 3

Week 5

(Nov.1)
Topics:
  • Demand and Supply Applications
    • Readings:
    • Ch. 4

Week 6

(Nov.8)
No Class

Week 7

(Nov.15)
Topics:
  • Elasticity
Readings:
  • Ch. 5

Week 8

(Nov.22)
Topics:
  • Household Behavior and Consumer Choice
  • Readings:
    • Ch. 6

Week 9

(Nov.29)
1st Midterm Exam

Week 10

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

Week 11

(Dec.13)
Topics:
  • The Production Process: The Behavior of Profit-Maximizing Firms
Readings:
  • Ch. 7

Week 12

(Dec. 20)
Topics:
  • Introduction to Macroeconomics
  • Measuring National Output and National Income
Readings:
  • Ch. 20, 21

Week 13

(Dec. 27)
Topics:
  • Unemployment, Inflation, and Long-Run Growth
Readings:
  • Ch. 22

Week 14

(Jan. 3)
Topics:
  • The Government and Fiscal Policy
Readings:
  • Ch. 24

Final Exam

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

Exams

Grading Policy

Midterm Exam50%
Final Exam50%

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