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 Questions for Chapter 2, Chapter 3, Chapter 4 and Chapter 5 posted. (Nov.7)
  4. Midterm Exam Result posted. (Dec. 5)
  5. Final Exam Schedule: Jan. 20. (Thursday) 11:30-13:00, D3. Coverage: Chapters 6, 7, 8, and 9. Bring a calculator. No cell phones allowed. (Jan. 6)
  6. Homework questions for Chapter 6, Chapter 7, Chapter 8 and Chapter 9 posted. (Jan.12)
  7. Homework answers for Chapter 6, Chapter 7, Chapter 8 and Chapter 9 posted. (Jan.12)
  8. Final Exam Result posted. (Jan.31)

 

Personnel

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

Course Information

Schedule: Mondays 9:00-11:45, Fizik Mühendisliği Bölümü D1
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 basic structures of Microeconomics will be discussed. Students are expected to learn “economic” ways of thinking and understand the economic events in our economy and society by using the learned economic concepts. 

Texts

Course Syllabus

Lecture Schedule

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

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)
Topics:
  • Elasticity
Readings:
  • Ch. 5

Week 7

(Nov.15)
No Class

Week 8

(TBA)
Midterm Exam

Week 9

(Nov. 29)
Topics:
  • Household Behavior and Consumer Choice
Readings:
  • Ch. 6

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:
  • The Production Process: The Behavior of Profit-Maximizing Firms
Readings:
  • Ch. 7

Week 13

(Dec. 27)
Topics:
  • Short-Run Costs and Output Decisions
Readings:
  • Ch. 8

Week 14

(Jan. 3)
Topics:
  • Long-Run Costs and Output Decisions
Readings:
  • Ch. 9

Week 15

(Jan. 10)
Topics:
  • General Equilibrium and the Efficiency of Perfect Competition
Readings:
  • Ch. 12

Final Exam

(TBA)
Final Exam

Exams

Grading Policy

Class Participation12%
Midterm Exam38%
Final Exam50%

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