FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES / FINANCE AND BANKING / BAF2005 - MICROECONOMICS
 
Learning Outcomes Of the Course 
ÖÇ1Ability to analyze market types (perfect competition, monopoly, oligopoly, monopolistic competition) and evaluate the effects of each market on price, quantity, and profit.
ÖÇ2Ability to identify market failures (externalities, public goods, asymmetric information) and examine the effects of government interventions on these problems.
ÖÇ3Ability to calculate consumer and producer surplus and interpret the effects of changes in market equilibrium on welfare.
ÖÇ4Ability to learn the basic concepts of game theory and analyze firms' strategic decision-making processes (competition, cooperation).
ÖÇ5Ability to examine factor markets (labor, capital) and evaluate the effects of supply-demand dynamics in these markets on income distribution.