IKT 217 • Midterm • Microeconomic Theory 1

Basic Concepts

Constrained Optimization 1

Constrained Optimization 2

Constrained Optimization 3

Supply & Demand

Shifts in Demand

Shifts in Supply

Equations of Supply and Demand

Market Equilibrium

Example for Shifts of Supply and Demand I

Example for Shifts of Supply and Demand II

Price Elasticity of Demand

Örnek soru 1: Price elasticity of Demand

Örnek soru 2: Price elasticity of Demand

Elasticity and Total Revenue

Cross Price Elasticity & Income Elasticity

Representations of Preferences

Utility Functions

Special Preferences

Special Preferences 2

Budget Constraint

Example for Budget Constrait 1

Example for Budget Constraint 2

Optimal Choice

Optimal Choice 2

Lagrange Method and Example

Utility Maximization Problem

Revealed Preferences and WARP & SARP

Violation of WARP

Price Offer Curve & Individual Demand Curve

Price Offer Curve & Individual Demand Curve Example

Income Offer Curve & Engel Curve

Income Offer Curve & Engel Curve: Exam Type Question

Income and Cross Price Elasticity

Income Effect & Substitution Effect

Slutsky Equation and Hicks Equation

Consumer Surplus & Producer Surplus

Example1 :(consumer surplus)

Example 2: (Consumer Surplus)

Example 3:(Consumer Surplus)

Problem 1

Problem 2

Problem 3

Problem 4

Problem 5

Problem 6

Problem 7

Problem 8

Problem 9

Problem 10

Problem 11