COURSE UNIT TITLE

: MICRO ECONOMICS

DEGREE PROGRAMMES

Description of Individual Course Units

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

Offered By

Maritime Business Administration (English)

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSISTANT PROFESSOR EROL TÜRKER TÜMER

Offered to

Maritime Business Administration (English)
Maritime Business Administration (Evening)

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 Introduction to Economics - Purpose of the course
2 The Fundamental Economic Problem : Scarcity and Choice
3 Demand
4 Supply and Market Equilibrium
5 Supply and Demand Applications
6 Elasticty
7 Household Behaviour and Consumer Choice
8 Review and Problem Solving
9 The Production Process: The Behaviour of Firms
10 Short-run Costs and Output Decisions
11 Long-run Costs and Output Decisions
12 Perfect Competition and Monopoly
13 Income Distribution and Poverty
14 Government and Taxation

Recomended or Required Reading

Case Karl E., Fair Ray C., Oster Sharon M., Principles of Economics 10th Edition, Prentice Hall, London, 2012

References :

1) Lipsey, Richard G., Courant Paul N., Ragan Christopher T. S., Economics, 12th Edition, Addison-Wesley Publishing Company, United States.2000
2) Baumol, William J., Blinder Alan S., Economics : Principles and Policy, Harcourt Brace Jovanovich Publication, New York, 2000.
3) Begg David, Fischer Stanley, Dornbuch Rudiger, Economics, 5th Edition, McGraw Hill Publication, England, 2008.

Planned Learning Activities and Teaching Methods

Cooperative and active teaching and learning strategies

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

There will be one midterm and one final exam covering the prior lecture and reading material.

Language of Instruction

English

Course Policies and Rules

All students are expected to attend classes punctually and regularly. Access the final exam will be granted to students who attain an attendance in excess of 70%

Contact Details for the Lecturer(s)

e-mail : turker.tumer@deu.edu.tr

Office Hours

Wednesday 16:00 - 17:00 or by appoinment

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparations before/after weekly lectures 14 3 42
Preparation for midterm exam 1 10 10
Preparation for final exam 1 20 20
Reading 7 1 7
Midterm 1 2 2
Final 1 2 2
TOTAL WORKLOAD (hours) 125

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13
LO.13333
LO.2353333
LO.333533
LO.433333
LO.535333

CONTACT INFORMATION
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Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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