TYPE OF COURSE UNIT	Compulsory Course
LEVEL OF COURSE UNIT	Bachelor's Degree
YEAR OF STUDY	2
SEMESTER	Third Term (Fall)
NUMBER OF ECTS CREDITS ALLOCATED	4
NAME OF LECTURER(S)	Assistant Professor Asiye Özge Dengiz Instructor Özlem Aytaç
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Have the broad education necessary to understand the impact of engineering solutions in a global, economic, environmental, and societal context. 2) Have a knowledge of contemporary issues. 3) Understand the basic principles of Macroeconomics. 4) Have an ability to explain the reasons of the economic problems and to be able to formulate economic models. 5) Interpret of monetary and fiscal policies.
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	None
COURSE DEFINITION	Basic concepts of economics, tools of economic analysis, the process of modeling, demand and supply models and the market equilibrium, elasticities of demand and supply and their uses, the theory of consumer behaviour and demand, the theory of firm behaviour and supply, monopolistic competition, oligopoly and product differentiation, antitrust policy and regulation, physical capital and financial markets, basic concepts of macroeconomics, measuring the production, income, spending, employment and unemployment of nations and growth and inflation, aggregate expenditures, fiscal policy, economic growth international trade and emerging market economies.
COURSE CONTENTS	WEEK TOPICS 1st Week The Scope and Method of Economics 2nd Week The Economic Problem: Scarcity and Choice 3rd Week Demand, Supply, and Market Equilibrium 4th Week Elasticity 5th Week Household Behavior and Cosumer Choice 6th Week The Production Process: Profit-Maximizing Firm Short-Run Costs and Output Decision Long-Run Costs and Output Decisions 7th Week General Equilibrium and Perfect Competition 8th Week ARASINAV 9th Week Introduction to Macroeconomics Measuring National Output 10th Week Unemployment, Inflation and Long-Run Growth 11th Week Aggregate Expenditure & Equilibrium Output The Government and Fiscal Policy 12th Week Money, Central Bank (C.B.) and Interest Rate 13th Week Money, Central Bank (C.B.) and Interest Rate 14th Week Determination of Aggregate Output Overview 15th Week
RECOMENDED OR REQUIRED READING	Taylor, J.B. (2001) Economics, Houghton Mifflin, Ünsal, E.M. Makro İktisat
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Lecture,Problem Solving,Questions/Answers,Practice
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 30 Quiz 2 20 Project 1 20 Total(%) 70 Contribution of In-term Studies to Overall Grade(%) 70 Contribution of Final Examination to Overall Grade(%) 30 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 2 2 Preparation for Quiz 4 5 20 Individual or group work 14 1 14 Preparation for Final exam 1 10 10 Course hours 14 4 56 Preparation for Midterm exam 1 10 10 Laboratory (including preparation) Final exam 1 2 2 Homework 1 5 5 Total Workload 119 Total Workload / 30 3,96 ECTS Credits of the Course 4
LANGUAGE OF INSTRUCTION
WORK PLACEMENT(S)	No