Ordu University Lifelong Learning Programme

Description of Individual Course Units

Course Unit Code	Course Unit Title	Type of Course Unit	Year of Study	Semester	Number of ECTS Credits
İKT1242013202	MICRO ECONOMICS	Compulsory	1	2	4

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

Name of Lecturer(s)

Yrd.Doç.Dr. Aslı Güler

Learning Outcomes

1	Use the drawing skills by graphics in order to analyze micro economic cases.
2	able to analyze production costs
3	able to analyze of type of markets
4	able to analyze profit and loss according to market types

Mode of Delivery

Formal Education

Prerequisites and co-requisities

Yok

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

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.

Weekly Detailed Course Contents

Week	Theoretical	Practice	Laboratory
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

Recommended or Required Reading

Ders Kitabı / Malzemesi 1 Erdal Ünsal, 'Mikro İktrisat' İmaj Kitabevi, 8. Baskı, 2010, Ankara, Türkiye. İlave Kaynak 2 Parasız, İlker (2008) Mikro Ekonomi: Orta Düzey Yaklaşım, 6. Baskı, Bursa: Ezgi K.

Planned Learning Activities and Teaching Methods

Assessment Methods and Criteria

Term (or Year) Learning Activities	Quantity	Weight
SUM		0
End Of Term (or Year) Learning Activities	Quantity	Weight
SUM		0
Yarıyıl (Yıl) İçi Etkinlikleri		40
Yarıyıl (Yıl) Sonu Etkinlikleri		60
SUM		100

Language of Instruction

Turkish

Work Placement(s)

Yok

Workload Calculation

Activities	Number	Time (hours)	Total Work Load (hours)
Midterm Examination	1	1	1
Final Examination	1	1	1
Makeup Examination	1	1	1
Attending Lectures	14	1	14
Self Study	14	5	70
Individual Study for Mid term Examination	1	10	10
Individual Study for Final Examination	1	15	15
TOTAL WORKLOAD (hours)			112

Contribution of Learning Outcomes to Programme Outcomes

	PO 1	PO 2	PO 3	PO 4	PO 5	PO 6	PO 7	PO 8	PO 9	PO 10	PO 11	PO 12	PO 13	PO 14	PO 15	PO 16	PO 17	PO 18	PO 19	PO 20	PO 21	PO 22	PO 23
LO1	4	5	5	5	5	5	5	5	4	5	4	5	4	5	4	5	5	4	4	4	5	5	5
LO2	5	5	5	5	4	5	4	4	4	5	4	4	4	4	4	4	4	5	4	4	4	5	5
LO3	4	5	4	4	3	4	4	4	4	5	4	4	4	4	4	4	4	5	4	4	4	4	4
LO4	5	4	4	4	4	5	4	4	5	4	5	4	4	3	4	4	4	4	4	4	4	4	4

* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High