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ISL 233 - Microeconomics

Course Objectives

To give basic microeconomics knowledge and approaches to the students, To make them understand economic agents (firms and households) behaviors.

Course Description

The course aims to provide a sound understanding of mainstream microeconomic theories and models. Within the scope of this course theories of consumer behavior and demand , theories of cost and production, market structures and welfare economics are discussed. Basic principles of economics with a particular emphasis on the nature and application of those bearing on decision making within a household, firm or industry; including consideration of problems respecting the composition and pricing of the national output, distribution of income, pricing and output of factors of production and foreign trade.

Course Coordinator
Mehmet Özgür Kayalıca
Course Language
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