Course Information

Course Name	Turkish	Orta Düzey Mikroekonomi
	English	Intermediate Microeconomics
Course Code	ECO 201	Credit	Lecture (hour/week)	Recitation (hour/week)	Laboratory (hour/week)
Semester	1	3	3	-	-
Course Language		English
Course Coordinator		Sencer Ecer
Course Objectives		Students shoud be able to understand and interpret the results of advanced microeconomic analysis.
Course Description		This course studies theory of consumer behavior first and then builds individual demand and market demand curves from consumer preliminaries. Then, the effect of uncertainty on consumer behavior is analyzed. Next, the production choices of firms and production functions are examined. In addition, various cost-concepts are intoduced, including, long-run costs, sunk costs, and learning curves. Then, the course will continue with the analysis of perfectly competitive markets and monopoly. Finally, other forms of imperfect competition will be examined with particular emphasis on introducing and applying game theory.
Course Outcomes
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