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
1. An ability to apply knowledge of mathematics, science, and engineering
2
2. An ability to identify, formulate, and solve engineering problems
3
3. An ability to design a system, component, or process to meet desired needs within realistic constraints such as economic, environmental, social, political, ethical, health and safety, manufacturability, and sustainability
4
4. An ability to use the techniques, skills, and modern engineering tools necessary for engineering practice
5
5. An ability to design and conduct experiments, as well as to analyze and interpret data
6
6. An ability to function on multidisciplinary teams
7
7. An ability to communicate effectively
8
8. A recognition of the need for, and an ability to engage in life-long learning
9
9. An understanding of professional and ethical responsibility
10
10. A knowledge of contemporary issues
11
11. The broad education necessary to understand the impact of engineering solutions in a global, economic, environmental, and societal context
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
Required
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
1. An ability to apply knowledge of mathematics, science, and engineering
2
2. An ability to identify, formulate, and solve engineering problems
3
3. An ability to design a system, component, or process to meet desired needs within realistic constraints such as economic, environmental, social, political, ethical, health and safety, manufacturability, and sustainability
4
4. An ability to use the techniques, skills, and modern engineering tools necessary for engineering practice
5
5. An ability to design and conduct experiments, as well as to analyze and interpret data
6
6. An ability to function on multidisciplinary teams
7
7. An ability to communicate effectively
8
8. A recognition of the need for, and an ability to engage in life-long learning
9
9. An understanding of professional and ethical responsibility
10
10. A knowledge of contemporary issues
11
11. The broad education necessary to understand the impact of engineering solutions in a global, economic, environmental, and societal context
