| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İKT2012013201 | MICRO ECONOMICS-I | Compulsory | 2 | 3 | 6 |
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| Level of Course Unit |
| First Cycle |
| Objectives of the Course |
| The aim of the course is
• to teach fundamental concepts and hypothesis of the micro economics
• to equip students with the knowledge and skills of basic logic of micro economic graphics
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| Name of Lecturer(s) |
| Doç. Dr. Seval MUTLU ÇAMOĞLU |
| Learning Outcomes |
| 1 | Students completing this course successfuly will be expected to be able to; Conceive the basic concepts of micro economics such as demand supply, production, consumer, elasticity, market etc. | | 2 | Understand the theory of consumer, production and different type of markets. |
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| Mode of Delivery |
| Formal Education |
| Prerequisites and co-requisities |
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| Recommended Optional Programme Components |
| Week 1 Basic economic concepts
Week 2 Capitalism and the market mechanism
Week 3 Demand and supply
Week 4 Elasticity of demand and supply
Week 5 Balance in the perfect competition market
Week 6 Cardinal Utility and the Consumer Balance
Week 7 Consumer Preferences and Indifference Curves
Week 8 Mid-term Exam
Week 9 Special Cases in the theory of indifference curves
Week 10 Utility maximisation
Week 11 Utility maximisation and consumer preferences
Week 12 Production Function in the short term
Week 13 Production Function in the long term
Week 14 The analysis of production cost in the short term
Week 15 The analysis of production cost in the long term.
Week 16 Final Exam
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| Course Contents |
| • Basic description, concepts and content of micro economics.
• Consumer theory: utility and consumer balance, indifference curves, budget lines, market demand analysis, elasticity and different types of elasticity.
• Production theory: function of supply and supply elasticity, function of production, productivity analysis, selection of optimal factor combination.
• Cost theory: cost and production relationship, short and long term cost of company.
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| Weekly Detailed Course Contents |
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| 1 | Basic economic concepts | | | | 2 | Capitalism and the market mechanism | | | | 3 | Demand and supply | | | | 4 | Elasticity of demand and supply | | | | 5 | Balance in the perfect competition market | | | | 6 | Cardinal Utility and the Consumer Balance | | | | 7 | Consumer Preferences and Indifference Curves | | | | 8 | Mid-term Exam | | | | 9 | Special Cases in the theory of indifference curves | | | | 10 | Utility maximisation | | | | 11 | Utility maximisation and consumer preferences | | | | 12 | Production Function in the short term | | | | 13 | Production Function in the long term | | | | 14 | The analysis of production cost in the short term | | | | 15 | The analysis of production cost in the long term. | | | | 16 | Final Exam | | |
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| Recommended or Required Reading |
| Selim Adem Hatırlı, (2017). Mikroekonomi. Alter Yay.
Bulmuş, İsmail, (2014). Mikroiktisat. Dumat Ofset |
| Planned Learning Activities and Teaching Methods |
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| Assessment Methods and Criteria | |
| SUM | 0 | |
| SUM | 0 | | Yarıyıl (Yıl) İçi Etkinlikleri | 40 | | Yarıyıl (Yıl) Sonu Etkinlikleri | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | |
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| Workload Calculation |
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| Midterm Examination | 1 | 1 | 1 |
| Final Examination | 1 | 1 | 1 |
| Attending Lectures | 14 | 3 | 42 |
| Self Study | 14 | 6 | 84 |
| Individual Study for Mid term Examination | 14 | 2 | 28 |
| Individual Study for Final Examination | 24 | 1 | 24 |
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| Contribution of Learning Outcomes to Programme Outcomes |
| LO1 | 5 | 5 | 4 | 5 | 4 | 4 | 4 | 5 | 5 | 4 | 3 | 5 | 4 | 5 | | LO2 | 5 | 5 | 4 | 5 | 4 | 4 | 4 | 5 | 5 | 4 | 3 | 5 | 4 | 5 |
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| * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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Ordu University Rectorate Building ,Cumhuriyet Campus , Center / ORDU / TURKEY • Tel: +90 452 226 52 00
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