| 1. Week |
The Concept of Microeconomics; scarcity, choice, endless need, efficiency, opportunity cost, rational behavior pattern; Basic study areas of microeconomics; method in microeconomics |
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| 2. Week |
(Consumer Theory) Benefit, the benefit measurability, kardinalist / ordinalist benefit, marginal utility, total utility, budget line, consumer equilibrium and change, Lagrange multiplier, |
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| 3. Week |
Theory of Consumer continued) Change in the balance of the consumer, price-consumption curve, income and substitution effects (Hicks Slutsky approach), the income consumption curve, curves and obstacles interfere with the laws, individual demand function derivation |
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| 4. Week |
(Production Theory) Production concept and production functions, a very short-run production function, short-term production function and the law of diminishing, long-term production function and returns to scale, co-product curve analysis, isoquant line, producers balance and equilibrium exchange |
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| 5. Week |
(Cost Theory) Costs related concepts: explicit cost, implicit cost, short-term fixed, variable and total costs, marginal cost, the firm shutdown point and shutdown condition, the short-run average cost and capacity problems, the long-run average cost and returns to scale |
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| 6. Week |
(Demand and Supply Analysis) Demand and demand function, Individual and market demand curves, the factors that determine the demand, changes in demand and shifting demand, price elasticity of demand, income elasticity of demand, cross-price elasticity of demand and supply function, the factors that determine the supply, changes in supply and supply shift, the supply price, the flexibility of the cost of supply elasticity, cross-price elasticity of supply, |
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| 7. Week |
(Market equilibrium) Market definition, market types, market equilibrium (supply-demand equation), stable unstable equilibrium, changes in the market equilibrium, producer and consumer surplus, market regulation (ceiling price, the base price, taxation and subsidies) Cobbweb theorem, King Law |
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| 8. Week |
Midterm |
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| 9. Week |
(Perfect Competition) The basic assumptions of perfect competition, company balance short-term, long-term balance of the company, the industry supply curve, and costs, the industry supply curve flexibility |
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| 10. Week |
(Monopoly Markets) Definition and sources of monopoly, monopoly firm short-term balance, flexibility haılat price relationship, measurement of monopoly power, price discrimination, monopoly multi-site, long-term firm equilibrium, monopoly regulation (MC pricing, AC pricing, taxation, subsidies, monopoly of the right to sell) |
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| 11. Week |
Basic assumptions of monopolistic competitive market, product differentiation, product group demand curve, short and long run firm equilibrium; Fundamental assumptions of oligopoly markets, negotiated oligopoly models (cartel, trust, dominant firm, leading firm, barometer firm), uncontracted oligopoly models (Cournot, Bertrand, Edgeworth, Chamberlin, Stackalberg, Bowley, Sweezzy) barriers to entry in oligopoly, game theory and solution strategies |
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| 12. Week |
(Labor Market Analysis) Labor demand curve, marginal product value of labor, marginal input cost of labor, labor supply curve, labor market equilibrium when the goods and factor market is perfectly competitive, equilibrium when the goods market is imperfect factor market is perfect competition, equilibrium when the goods market is perfect competition and factor market is monopsony and factor markets are imperfectly competitive |
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| 13. Week |
(General Equilibrium and Welfare Economics) Transition from partial equilibrium to general equilibrium, general equilibrium and efficiency, efficiency, edgeworth box, efficiency in consumption and contract curve, efficiency in production and contracting curve, production possibilities curve and conversion rate, simultaneous efficiency of exchange and production (pareto optmality) |
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| 14. Week |
(Market failures) Asymmetric information theory, existence of public goods, externalities in production and consumption, internalization of externalities, inevitability of monopolization. |
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