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ECON 503

Microeconomic Theory I

Graduate-level microeconomics that rebuilds the standard producer-consumer-equilibrium story from rigorous axiomatic foundations, then pushes into when markets deliver efficient outcomes and when they fail. You'll spend most of your time working through proof-heavy problem sets out of Mas-Colell, with five quizzes and two written exams testing whether you can actually derive results rather than just recite them. It's the spring core requirement that follows the fall micro sequence and underpins everything you'll do in field courses afterward, so treating it as a math course with economic interpretation tends to pay off more than treating it as economics with math.

Credit3ECTS5FacultyFaculty of Economics, Administrative, and Social SciencesBölümEconomicsMüfredatY4 Bahar

Değerlendirme 100% — 3 adım

20%
40%
40%
Quiz Quizzes 20%
Midterm:Essay/written Midterm Exam 40%
Final:Essay/written Final Exam 40%

Önerilen kaynaklar 3 kitap

📕
Zorunlu
Microeconomic Theory
A. Mas-Collel, M.D. Whinston
J.R. Green · Year/Edition: 1995
📖
Önerilen
Advanced Microeconomic Theory
G.A. Jehle, P. J. Reny
2001 · Addison Wesley
📖
Önerilen
Microeconomic Analysis
H. R. Varian
1992 · W.W. Norton & Company Recommended - Lecture Notes: Lecture Notes in Microeconomic Theory

Haftalık müfredat 14 hafta

Hafta 1
Preference and choice: preference relations and choice rules, the relationship between them.
Hafta 2
Consumer choice: The consumption and budget sets, demand funcions and comparative statics. The Weak Axiom of Revealed Preference
Hafta 3
Classical demand theory: Duality of the utility maximization and expenditure minimization problems
Hafta 4
Classical demand theory: Demand, indirect utility and expenditure functions. Welfare evaluation of economic changes
Hafta 5
Aggreggate demand and aggregate wealth
Hafta 6
Production: Production sets, profit maximization and cost minimization. The geometry of cost and supply in the single output case
Hafta 7
Review and the Midterm Examination
Hafta 8
Choice under uncertainty: Expected utility theory, money lotteries and risk-aversion
Hafta 9
Choice under uncertainty: Comparison of payoff distributions in terms of return and risk, state-dependent utility
Hafta 10
Competitive markets: The fundamental welfare theorems in a partial equilibrium context
Hafta 11
General equilibrium theory: Pure exchange and the two-by-two production model
Hafta 12
Basic welfare properties of equilibrium: Fundamental welfare theorems
Hafta 13
Basic welfare properties of equilibrium: Fundamental welfare theorems
Hafta 14
Review (if time allows)

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Geçmiş GPA dağılımı 19 dönem · ort. 3.02

DönemCourse CPA
2025-2026 Fall 3.05 1 sec · 12 öğr
2024-2025 Fall 3.12 1 sec · 17 öğr
2023-2024 Fall 3.05 1 sec · 14 öğr
2022-2023 Fall 3.10 1 sec · 17 öğr
2021-2022 Fall 3.19 2 sec · 16 öğr
2020-2021 Fall 2.77 2 sec · 22 öğr
2019-2020 Fall 3.16 2 sec · 20 öğr
2018-2019 Fall 2.93 1 sec · 12 öğr
2017-2018 Fall 3.12 1 sec · 18 öğr
2016-2017 Fall 2.87 2 sec · 34 öğr

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Participation in the midterm.

Hocalar 0 bu dönem · 6 geçmiş

Geçmişte ders veren (6 kişi)
Emin Karagözoğlu, Tarık Kara, Ferhad Hüseyin, Kevin Edward Hasker, Mehmet Baç, Sabit Khakimzhanov