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) | Assist.Prof. Mete Han YAĞMUR |
| 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 | 30 | |
| Rate of Final Exam to Success | 70 | |
| 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) | Assist.Prof. Mete Han YAĞMUR |
| 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 | 30 | |
| Rate of Final Exam to Success | 70 | |
| Total | 100 | |