In this course, it is aimed to understand how producers make economic decisions such as production, cost, price, advertising and marketing under different market conditions, to understand how supply and demand and market equilibrium are formed in factor markets, to understand how economic decisions of producer and consumer decision units in multiple markets are made and why the market mechanism fails.

In this course, theories explaining firm behaviour and decision-making processes in perfect competition and imperfect competition markets, theories explaining equilibrium in factor markets, general equilibrium and welfare theories and analyses determining market efficiency will be taught.