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Bilkent University - Department of Economics

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Boğaziçi University
Department of Economics
EC 203
Economic Theory I
Fall 2014
Instructor:
Levent Yıldıran,
E-mail: [email protected] Office: NB 218, Office Hours: WW78
Graduate Assistant:
Teaching Assistants:
Ferda Ertürk [[email protected]] PS: Wed 17-18, Office Hour: Wed 11-12
Ceylan Akgül [[email protected]]PS: Thu 15-16, Office Hour: Fri 13-14
Cihan Ceyhan [[email protected]] PS: Fri 16-17, Office Hour: Tue 12-13
Buse Tanca [[email protected]] PS: Mon 14-15, Office Hour: Mon 13-14
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Text Book: Varian, Hal R., Intermediate Microeconomics: A Modern Approach, 8th edition, Norton and Company, 2009.
Course Objective: The course introduces the elements of the modern microeconomic theory. The topics include consumer
theory, firm theory, equilibrium in perfect and imperfect markets, and exchange.
Course Grading: Your course grade will be determined by the scores of two midterm exams and a final exam, each with
equal weights. The topics that these exams will cover are given below. I urge you not to miss an exam unless it is truly
necessary. Those who will miss any of the midterms will take a makeup exam, which will cover the topics of the both
midterms. Those who will miss the final will take an exam, which will cover all topics and will also not be able to take the resit
exam.
Course Format:
We will be closely following the textbook. Each week there will be one hour of problem session in parallel sections. Problem
sets of each week will be posted a week before. You are supposed to make an attempt to solve these problems on your own
before coming to the recitations. Exam questions will be of similar difficulty to those on the problem sets. Attendance to
lectures and problem sessions is essential for success. Reading the relevant book chapters after the lectures and studying in
groups will significantly contribute to your understanding of the topics.
================================================================================
Tentative Course Outline:
Chp1: The Market
Chp 2: Budget Constraint
Chp 3: Preferences
Chp 4: Utility
Chp 5: Choice
Chp 6: Demand
Chp 7: Revealed Preference
Chp 8: Slutsky Equation
Midterm Exam (Nov 7th, Friday, 17:00-19:00)
Chp 9: Buying and Selling
Chp 10: Intertemporal Choice
Chp 12: Uncertainty
Chp 14: Consumer’s Surplus
Chp 15: Market Demand
Chp 16: Equilibrium
Chp 31: Exchange
Midterm Exam (Dec 5th, Friday, 17:00-19:00)
Chp 18: Technology
Chp 19: Profit Maximization
Chp 20: Cost Minimization
Chp 21: Cost Curves
Chp 22: Firm Supply
Chp 23: Industry Supply
Chp 24: Monopoly
Chp 25: Monopoly Behaviour
Chp 27: Oligopoly
Final Exam (TBA)
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