ECON 204 (Section B) • Part I • Microeconomics

What is Economics?

Ten Principles of Economics Part I

Opportunity Cost

Marginalism

Ten Principles of Economics Part II

Normative vs Poistive Economics and Microeconomics vs Macroeconomics

Production Possibilities Model

Trade and Comparative Advantage

Question 1

Question 2

Question 3

Question 4

Question 5

Circular Flow Diagram

Demand & Supply

Demand'i Etkileyen (Shift Ettiren) Unsurlar

Supply'ı Etkileyen (Shift Ettiren) Unsurlar

Market Equilibrium (Piyasa Dengesi)

Equations of Supply and Demand

Question 1

Question 2

Question 3

Question 4

Question 5

Question 6

Question 7

Budget Set I

Budget Set II

Budget Set III

Exam like Question 1

Exam like Question 2

Math Review: Derivatives & Partial Derivatives

Introduction to Utility Concept

Preferences and Indifference Curves

Choice: MRS and Utility Maximization 1

Choice (MRS and Utility Maximization) 2

Indifference Curves for Perfect Substitutes, Perfect Complements, Neutrals and Bads

Utility Maximization Problem

Concave Preferences and Corner Solutions and Exam Type Question

Lagrange Method

Price Offer Curve & Individual Demand Curve I

Price Offer Curve & Individual Demand Curve II

Income Offer Curve & Engel Curve

Income Offer Curve & Engel Curve: Exam Type Question

Income and Substitution Effects

Slutsky Equation and Hicks Equation

Slutsky Equation and Hicks 2

Slutsky Equation and Hicks 3

Indirect Utility Function

Question 1

Question 2

Question 3

Revealed Preferences and WARP & SARP

Violation of WARP