Advanced Microeconomics (ECON 370)

2021 Fall
Faculty of Arts and Social Sciences
6/7 ECTS (for students admitted in the 2013-14 Academic Year or following years)
Mehmet Barlo,
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Formal lecture,Recitation
Interactive,Learner centered,Communicative
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Individual and social choice, uncertainty; core and competitive equilibrium; fundamental theorems of economics; partial equilibrium, cost-benefit analysis; topics in economics of information, dynamic competition, auction theory; topics in cooperative microeconomics network economics; topics in mechanism design


The goal of this course is to introduce students to, and obtain their acquaintance with the formal methods of microeconomics theory. This is a serious course in which students ought to learn to understand microeconomics and its related fields. We are going to derive most of the results from primitives, and will not take any formulae as given. Moreover, we will associate what we have learnt with practical applications.


  • On completion of the course, students should be able to a) Demonstrate a broad knowledge of some core topics in microeconomic theory (especially decision theory and general equilibrium theory), b) Set up and solve sound microeconomic models analyzing specific problems and ideas, c) Identify the standards to attend advanced specialized courses in each particular topic (especially specialized courses in decision theory and general equilibrium theory) d) Analyze and solve complex problems accurately.


1. Understand the world, their country, their society, as well as themselves and have awareness of ethical problems, social rights, values and responsibility to the self and to others. 5

2. Understand different disciplines from natural and social sciences to mathematics and art, and develop interdisciplinary approaches in thinking and practice. 4

3. Think critically, follow innovations and developments in science and technology, demonstrate personal and organizational entrepreneurship and engage in life-long learning in various subjects; have the ability to continue to educate him/herself. 3

4. Communicate effectively in Turkish and English by oral, written, graphical and technological means. 4

5. Take individual and team responsibility, function effectively and respectively as an individual and a member or a leader of a team; and have the skills to work effectively in multi-disciplinary teams. 2

1. Develop knowledge of theories, concepts, and research methods in humanities and social sciences. 5

2. Assess how global, national and regional developments affect society. 5

3. Know how to access and evaluate data from various sources of information. 5

1. Provide constructive analysis of economic phenomena at the national and international level, and interactions between the two. 4

2. Develop an understanding of organizations and institutions in the society as well as their influence on the economy. 4

3. Recognize how incentives shape the behavior of individuals and organizations. 4

4. Identify "economic" problems and propose alternative models and/or design and conduct research to provide viable solutions using theoretical tools and/or quantitative methods. 5

5. Communicate problems and solutions to managerial and policy decision-making units as well as to lay audiences. 3


  Percentage (%)
Final 40
Midterm 30
Assignment 30



Lecture Notes that I will be providing.