The main aim of the course is to introduce micro theory and its application to economic analysis.
The course will begin by emphasizing scarcity as the core of the economic problem; List the basic tasks faced by an economic system and the role of the price system in fulfilling these tasks. He will discuss this, the concept of opportunity cost and the production possibility frontier. Marginal cost and marginal utility will be highlighted as the basis for efficient resource allocation, paving the way for standard topics in standard microeconomics such as supply and demand laws, demand and supply flexibility, consumer theory, production theories and production theories. cost. In the last part of the course, the short-term profit-maximizing behavior of competing firms and monopolies as conflicting market structures will be examined and their welfare effects will be examined.