| Aims of the Course |
Microeconomic theory is a branch of science that tries to examine the economy at the level of consumers and firms. In this context, it tries to find an answer to the question of how both consumers and companies will behave when making an economic decision. In addition, what will be produced, how it will be produced, for whom it will be produced, and efficiency in distribution-production division are examined. The aim of this course is to inform you about the basic concepts and economic models in microeconomic theory and to teach you how to analyze economic events and phenomena with a scientific method. In addition, we will focus on market types, how firms and rival firms interact with each other, how market types affect firms’ strategic decision, factor markets, and general equilibrium. |