Academic Catalog

ECON501 MICROECONOMIC THEORY I

Course Code: 3110501
METU Credit (Theoretical-Laboratory hours/week): 4(4-0)
ECTS Credit: 10.0
Department: Economics
Language of Instruction: English
Level of Study: Graduate
Course Coordinator: Prof.Dr. SERKAN KÜÇÜKÞENEL
Offered Semester: Fall Semesters.

Course Content

Analytical tools of micro theory; theories of the consumer and the firm; determination of relative prices under different market structures; existence, uniqueness, and stability of competitive market equilibrium; welfare and general equilibrium analysis.