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Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS LGM 1007 MICRO ECONOMICS COMPULSORY 3 0 0 5

Offered By

Logistics Management

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSISTANT PROFESSOR MUSTAFA SERDAR AYAN

Offered to

Logistics Management

Course Objective

The purpose of microeconomics to provide students a thorough understanding of the principles of economics that apply to the functions of individual decision makers, both consumers and producers, within the economic system.

Learning Outcomes of the Course Unit

1   Express what economists mean by the concept of scarcity 2   Predict a change in market outcomes given a change in supply or demand 3   Identify the determinants of demand and supply. 4   Explain the concept of market types and equilibrium 5   Use marginal productivity theory to explain the distribution of income

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description 1 The Economics : What is Microeconomics & Purpose of the course 2 The Fundamental Economic Problem : Scarcity and Choice 3 Supply and Demand 4 Consumer Choice : Individual and Market Demand 5 Demand and Elasticty 6 Production, Inputs and Cost 7 Output, Price and Profit : The Importance of Marginal Analysis 8 Mid-Term Exam 9 The Firm under Perfect Competition 10 Monopoly 11 Duopoly and Oligopoly 12 Monopolistic Competition 13 Government and Taxation 14 Presentations 15 Presentations 16 Final Exam

Recomended or Required Reading

Baumol and Blinder, Economics: Principles and Policy, 9th Edition, Thompson and South-Western, 2005

Planned Learning Activities and Teaching Methods

Literature review, case studies,data analysis

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA 1 MTE MIDTERM EXAM 2 FINS FINAL EXAM 3 FCG FINAL COURSE GRADE MTE * 0.40 + FINS * 0.60 4 RST RESIT 5 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.40 + RST * 0.60

Further Notes About Assessment Methods

None

Assessment Criteria

Oral and written competencies regarding the use of knowledge, abilities and skills in the field of micro economics in terms of research, investigation and evaluation will be evaluated.

Language of Instruction

English

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours) Lectures 14 3 42 Preparations before/after weekly lectures 12 4 48 Preparation for midterm exam 1 6 6 Preparation for final exam 1 10 10 Preparing assignments 1 16 16 Preparing presentations 1 5 5 Final 1 2 2 Midterm 1 2 2 TOTAL WORKLOAD (hours) 131

Contribution of Learning Outcomes to Programme Outcomes

PO/LO 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 LO.1 3 3 3 3 3 LO.2 3 3 3 3 3 3 3 LO.3 3 3 3 3 3 3 LO.4 3 3 3 3 3 LO.5 3 3 3 3 3 3