At the end of this course, the students; 1) To have knowledge about economics issues in order to understand the effects of engineering solutions in global and aggregate economies. 2) To have information about contemporary economic problems. 3) Understands the basic principles of macroeconomics. 4) Explain the causes of economic problems and form economic models. 5) Interpret finance and monetary policies.
MODE OF DELIVERY
Face to face
PRE-REQUISITES OF THE COURSE
No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT
None
COURSE DEFINITION
Basic concepts of economics. Demand and supply models and the market equilibrium, elasticities of demand and supply and their uses, the theory of consumer behavior and demand, the theory of firm behavior and supply, the interaction of people in the markets, costs and the changes of firms over time, oligopoly and product differentiation, monopoly, monopolistic competition, antitrust policy and regulation, labor markets, taxes, transfers and income distribution.
COURSE CONTENTS
WEEK
TOPICS
1st Week
Introduction to Economics
2nd Week
Demand, Supply and Market Equilibrium
3rd Week
Household Behavior
4th Week
The Production Process
5th Week
Cost Analysis
6th Week
Perfect Competition and the Firm
7th Week
Market Structures
8th Week
Midterm Exam
9th Week
Introduction to Macroeconomy
10th Week
Inflation, Employment and Unemployment
11th Week
The Government and Fiscal Policy
12th Week
Aggregat Expenditure and Equilibrium Output
13th Week
Central Bank and Money Supply, Problems in Developing Countries
14th Week
Economic Growth and Sustainable Development
RECOMENDED OR REQUIRED READING
Taylor, J.B. (2004) Economics, Houghton Mifflin, Çolak, Ö. F. (2008), İktisat
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
Lecture,Discussion,Questions/Answers,Presentation
ASSESSMENT METHODS AND CRITERIA
Quantity
Percentage(%)
Mid-term
1
30
Assignment
5
10
Attendance
1
10
Total(%)
50
Contribution of In-term Studies to Overall Grade(%)
50
Contribution of Final Examination to Overall Grade(%)
50
Total(%)
100
ECTS WORKLOAD
Activities
Number
Hours
Workload
Midterm exam
1
2
2
Preparation for Quiz
0
0
0
Individual or group work
13
1
13
Preparation for Final exam
1
28
28
Course hours
14
3
42
Preparation for Midterm exam
1
23
23
Laboratory (including preparation)
0
0
0
Final exam
1
2
2
Homework
2
5
10
Total Workload
120
Total Workload / 30
4
ECTS Credits of the Course
4
LANGUAGE OF INSTRUCTION
Turkish
WORK PLACEMENT(S)
No
KEY LEARNING OUTCOMES (KLO) / MATRIX OF LEARNING OUTCOMES (LO)
