Course Detail
Course Description
Course | Code | Semester | T+P (Hour) | Credit | ECTS |
---|---|---|---|---|---|
PRINCIPLES of ECONOMICS | - | Spring Semester | 3+0 | 3 | 6 |
Course Program |
Prerequisites Courses | |
Recommended Elective Courses |
Language of Course | English |
Course Level | First Cycle (Bachelor's Degree) |
Course Type | Elective |
Course Coordinator | Assist.Prof. Merve Yüsra DOĞAN |
Name of Lecturer(s) | Assoc.Prof. Resul AYDEMİR |
Assistant(s) | |
Aim | This lecture aims to explain the basic principles that economics rests on by focusing on micro- and macroeconomic dynamics and policies |
Course Content | This course contains; Introduction to Economics,Gains from Trade,Supply-Demand,Elasticity and its Applications,Supply, Demand and Government Policies,Consumers, Producers and the Efficiency of Markets,Taxation,The Costs of Production,National Income,Inflation,Growth,Saving, Investment and the Financial System,Labor Markets and Unemployment,The Monetary System. |
Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
1.Explain the basic dynamics of microeconomics. | 10, 12, 14, 9 | A, G |
1.1. Define the basic concepts and relate them to everyday life. | 10, 14, 9 | A |
1.2. Explain the formation of price and quantity. | 10, 12, 14, 9 | A, G |
1.3. Analyze consumer and firm behavior. | 10, 12, 14, 9 | A, G |
2. Explain the basic dynamics of macroeconomics. | 10, 12, 14, 9 | A, G |
2.1. Tell how financial markets work. | 10, 14, 9 | A, G |
2.2. Evaluate the economy in terms of national income and unemployment. | 10, 12, 14, 9 | A, G |
2.3. Explain the interaction between financial markets and the real economy. | 10, 14, 9 | A |
2.4. Evaluate the inflation. | 10, 14, 9 | A, G |
3. Make comments on economic policies. | 10, 13, 14, 9 | A, G |
3.1. Evaluate the effects of public policies. | 10, 13, 14, 9 | A, G |
3.2. Evaluate the decisions made by the Central Bank. | 10, 13, 14, 9 | A |
3.3. Comment on the long-term economic policies required for economic development. | 10, 14, 9 | A |
4. Analyze current economic phenomena | 10, 14, 6, 9 | A, G |
4.1. Reach the sources of economic data to analyze them. | 10, 14, 6, 9 | A, G |
4.2. Discuss economic developments and changes. | 10, 14, 9 | A |
Teaching Methods: | 10: Discussion Method, 12: Problem Solving Method, 13: Case Study Method, 14: Self Study Method, 6: Experiential Learning, 9: Lecture Method |
Assessment Methods: | A: Traditional Written Exam, G: Quiz |
Course Outline
Order | Subjects | Preliminary Work |
---|---|---|
1 | Introduction to Economics | |
2 | Gains from Trade | |
3 | Supply-Demand | |
4 | Elasticity and its Applications | |
5 | Supply, Demand and Government Policies | |
6 | Consumers, Producers and the Efficiency of Markets | |
7 | Taxation | |
8 | The Costs of Production | |
9 | National Income | |
10 | Inflation | |
11 | Growth | |
12 | Saving, Investment and the Financial System | |
13 | Labor Markets and Unemployment | |
14 | The Monetary System |
Resources |
Economics 3e(Principles of Economics), Gregory N. Mankiw, Mark P. Taylor, Cengage Learning, 2014 |
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications | |||||||
No | Program Qualification | Contribution Level | |||||
1 | 2 | 3 | 4 | 5 | |||
1 | Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied knowledge in these areas in the solution of complex engineering problems. | ||||||
2 | Ability to formulate, and solve complex engineering problems; ability to select and apply proper analysis and modeling methods for this purpose. | ||||||
3 | Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way as to meet the desired result; ability to apply modern design methods for this purpose. | ||||||
4 | Ability to select and use modern techniques and tools needed for analyzing and solving complex problems encountered in engineering practice; ability to employ information technologies effectively. | ||||||
5 | Ability to design and conduct experiments, gather data, analyze and interpret results for investigating complex engineering problems or discipline specific research questions. | ||||||
6 | Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually. | X | |||||
7 | Ability to communicate effectively, both orally and in writing; knowledge of a minimum of one foreign language; ability to write effective reports and comprehend written reports, prepare design and production reports, make effective presentations, and give and receive clear and intelligible instructions. | X | |||||
8 | Awareness of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself. | X | |||||
9 | Knowledge on behavior according ethical principles, professional and ethical responsibility and standards used in engineering practices. | X | |||||
10 | Knowledge about business life practices such as project management, risk management, and change management; awareness in entrepreneurship, innovation; knowledge about sustainable development. | X | |||||
11 | Knowledge about the global and social effects of engineering practices on health, environment, and safety, and contemporary issues of the century reflected into the field of engineering; awareness of the legal consequences of engineering solutions. | X |
Assessment Methods
Contribution Level | Absolute Evaluation | |
Rate of Midterm Exam to Success | 20 | |
Rate of Final Exam to Success | 80 | |
Total | 100 |
ECTS / Workload Table | ||||||
Activities | Number of | Duration(Hour) | Total Workload(Hour) | |||
Course Hours | 14 | 3 | 42 | |||
Guided Problem Solving | 0 | 0 | 0 | |||
Resolution of Homework Problems and Submission as a Report | 2 | 10 | 20 | |||
Term Project | 0 | 0 | 0 | |||
Presentation of Project / Seminar | 0 | 0 | 0 | |||
Quiz | 3 | 5 | 15 | |||
Midterm Exam | 1 | 41 | 41 | |||
General Exam | 1 | 47 | 47 | |||
Performance Task, Maintenance Plan | 0 | 0 | 0 | |||
Total Workload(Hour) | 165 | |||||
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(165/30) | 6 | |||||
ECTS of the course: 30 hours of work is counted as 1 ECTS credit. |
Detail Informations of the Course
Course Description
Course | Code | Semester | T+P (Hour) | Credit | ECTS |
---|---|---|---|---|---|
PRINCIPLES of ECONOMICS | - | Spring Semester | 3+0 | 3 | 6 |
Course Program |
Prerequisites Courses | |
Recommended Elective Courses |
Language of Course | English |
Course Level | First Cycle (Bachelor's Degree) |
Course Type | Elective |
Course Coordinator | Assist.Prof. Merve Yüsra DOĞAN |
Name of Lecturer(s) | Assoc.Prof. Resul AYDEMİR |
Assistant(s) | |
Aim | This lecture aims to explain the basic principles that economics rests on by focusing on micro- and macroeconomic dynamics and policies |
Course Content | This course contains; Introduction to Economics,Gains from Trade,Supply-Demand,Elasticity and its Applications,Supply, Demand and Government Policies,Consumers, Producers and the Efficiency of Markets,Taxation,The Costs of Production,National Income,Inflation,Growth,Saving, Investment and the Financial System,Labor Markets and Unemployment,The Monetary System. |
Dersin Öğrenme Kazanımları | Teaching Methods | Assessment Methods |
1.Explain the basic dynamics of microeconomics. | 10, 12, 14, 9 | A, G |
1.1. Define the basic concepts and relate them to everyday life. | 10, 14, 9 | A |
1.2. Explain the formation of price and quantity. | 10, 12, 14, 9 | A, G |
1.3. Analyze consumer and firm behavior. | 10, 12, 14, 9 | A, G |
2. Explain the basic dynamics of macroeconomics. | 10, 12, 14, 9 | A, G |
2.1. Tell how financial markets work. | 10, 14, 9 | A, G |
2.2. Evaluate the economy in terms of national income and unemployment. | 10, 12, 14, 9 | A, G |
2.3. Explain the interaction between financial markets and the real economy. | 10, 14, 9 | A |
2.4. Evaluate the inflation. | 10, 14, 9 | A, G |
3. Make comments on economic policies. | 10, 13, 14, 9 | A, G |
3.1. Evaluate the effects of public policies. | 10, 13, 14, 9 | A, G |
3.2. Evaluate the decisions made by the Central Bank. | 10, 13, 14, 9 | A |
3.3. Comment on the long-term economic policies required for economic development. | 10, 14, 9 | A |
4. Analyze current economic phenomena | 10, 14, 6, 9 | A, G |
4.1. Reach the sources of economic data to analyze them. | 10, 14, 6, 9 | A, G |
4.2. Discuss economic developments and changes. | 10, 14, 9 | A |
Teaching Methods: | 10: Discussion Method, 12: Problem Solving Method, 13: Case Study Method, 14: Self Study Method, 6: Experiential Learning, 9: Lecture Method |
Assessment Methods: | A: Traditional Written Exam, G: Quiz |
Course Outline
Order | Subjects | Preliminary Work |
---|---|---|
1 | Introduction to Economics | |
2 | Gains from Trade | |
3 | Supply-Demand | |
4 | Elasticity and its Applications | |
5 | Supply, Demand and Government Policies | |
6 | Consumers, Producers and the Efficiency of Markets | |
7 | Taxation | |
8 | The Costs of Production | |
9 | National Income | |
10 | Inflation | |
11 | Growth | |
12 | Saving, Investment and the Financial System | |
13 | Labor Markets and Unemployment | |
14 | The Monetary System |
Resources |
Economics 3e(Principles of Economics), Gregory N. Mankiw, Mark P. Taylor, Cengage Learning, 2014 |
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications | |||||||
No | Program Qualification | Contribution Level | |||||
1 | 2 | 3 | 4 | 5 | |||
1 | Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied knowledge in these areas in the solution of complex engineering problems. | ||||||
2 | Ability to formulate, and solve complex engineering problems; ability to select and apply proper analysis and modeling methods for this purpose. | ||||||
3 | Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way as to meet the desired result; ability to apply modern design methods for this purpose. | ||||||
4 | Ability to select and use modern techniques and tools needed for analyzing and solving complex problems encountered in engineering practice; ability to employ information technologies effectively. | ||||||
5 | Ability to design and conduct experiments, gather data, analyze and interpret results for investigating complex engineering problems or discipline specific research questions. | ||||||
6 | Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually. | X | |||||
7 | Ability to communicate effectively, both orally and in writing; knowledge of a minimum of one foreign language; ability to write effective reports and comprehend written reports, prepare design and production reports, make effective presentations, and give and receive clear and intelligible instructions. | X | |||||
8 | Awareness of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself. | X | |||||
9 | Knowledge on behavior according ethical principles, professional and ethical responsibility and standards used in engineering practices. | X | |||||
10 | Knowledge about business life practices such as project management, risk management, and change management; awareness in entrepreneurship, innovation; knowledge about sustainable development. | X | |||||
11 | Knowledge about the global and social effects of engineering practices on health, environment, and safety, and contemporary issues of the century reflected into the field of engineering; awareness of the legal consequences of engineering solutions. | X |
Assessment Methods
Contribution Level | Absolute Evaluation | |
Rate of Midterm Exam to Success | 20 | |
Rate of Final Exam to Success | 80 | |
Total | 100 |