Microeconomics I (ECON 501)

2021 Fall
Faculty of Arts and Social Sciences
Economics(ECON)
3
10.00
Mehmet Barlo barlo@sabanciuniv.edu,
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English
Doctoral, Master
--
Formal lecture,Recitation
Interactive,Learner centered,Communicative
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CONTENT

Consumer and demand theory, production and theory of the firm; competitive markets, partial and general equilibrium theory.

OBJECTIVE

The goal of this course is to introduce students to, and obtain their acquaintance/expertise with the formal microeconomics theory. This is a serious course in which the students ought to learn to understand microeconomics and its related fields in detail.

LEARNING OUTCOME

On completion of the module, 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.

ASSESSMENT METHODS and CRITERIA

  Percentage (%)
Final 40
Midterm 40
Participation 5
Homework 15

RECOMENDED or REQUIRED READINGS

Readings

Mas-Colell, A., M. D. Whinston, and J. R. Green, Oxford, Microeconomic Theory, Oxford University Press, Oxford
Varian, H, Microeconomic Analysis, 3rd Edition, W. W. Norton Company
Kreps, D, New Jersey, A Course in Microeconomic Theory, Princeton University Press, New Jersey