ENM1002 Economics for EngineersBahçeşehir UniversityDegree Programs MATHEMATICSGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational QualificationsBologna Commission
MATHEMATICS
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
ENM1002 Economics for Engineers Fall 3 0 3 8
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.

Basic information

Language of instruction: English
Type of course: Non-Departmental Elective
Course Level: Bachelor’s Degree (First Cycle)
Mode of Delivery: Face to face
Course Coordinator : Prof. Dr. YAMAN ÖMER ERZURUMLU
Course Lecturer(s): Prof. Dr. YAMAN ÖMER ERZURUMLU
Course Objectives: To present theory and policy clearly, to give an enjoyable introduction to the economist’s world and equip students with the tools to understand and criticize the economic policies.

CONTENT: Essentials of microeconomics and macroeconomics: the economic problem; demand, supply, and price determination; theory of consumer behaviour; theory of the firm; market structures; national income and its determination; problems of economic growth, unemployment, and inflation; macroeconomic policy tools.

TARGETS: To make students familiar with the main technical terms of the economic life.

Learning Outcomes

The students who have succeeded in this course;
1. Gain knowledge on the fundamentals of economics.
2. Understand the dynamics behind market, supply and demand etc.
3. Understand the structure and fundamentals of different types of market structures.
4. Gain knowledge on the macroeconomic concepts
5. Gain capability to read understand and interpret non academic press.
6. To learn where economic data could be collected from.

Course Content

Essentials of microeconomics and macroeconomics: the economic problem; demand, supply, and price determination; theory of consumer behaviour; theory of the firm; market structures; national income and its determination; problems of economic growth, unemployment, and inflation; macroeconomic policy tools.

Weekly Detailed Course Contents

Week Subject Related Preparation
1) The Scope of Method of Economics Introduction to Macroeconomics Measuring National Output and National Income the main textbook of the course
2) Unemployment, Inflation, and Long Run Growth Aggregate Expenditure and Equilibrium Output the main textbook of the course
3) The Money Supply and The Central Bank System the main textbook of the course
4) Money Demand and The Equilibrium Interest Rate the main textbook of the course
5) 1st MidTerm
6) International Trade, Comparative Advantage and Protectionism the main textbook of the course
7) Open Economy Macroeconomics: The Balance of Payments and The Exchange Rates the main textbook of the course
8) The Economic Problem: Scarcity and Choice Demand Supply and Market Equilibrium Demand and Supply Applications the main textbook of the course
9) Demand and Supply Applications Elasticity the main textbook of the course
10) 2nd Mid Term
11) Household Behavior and Consumer Choice Production Process: The Behavior of Profit-Maximizing Firms the main textbook of the course
12) Short Run Costs and Output Decisions Long Run Cost and Output Decisions the main textbook of the course
13) Input Demand: The Capital Market and Investment Decision the main textbook of the course
14) Perfect Competition, Monopoly, Oligopoly the main textbook of the course

Sources

Course Notes / Textbooks: MAIN TEXT : Case, Fair; Oster; Principles of Economics 11th ed. Pearson

SUPPLEMENTARY MATERIALS: Ekonomik Göstergeler ve İstatistikler Rehberi, Seçkin Yayıncılık AŞ, Beşinci Baskı, 2012.


References:

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Attendance 1 % 5
Homework Assignments 8 % 25
Midterms 2 % 30
Final 1 % 40
Total % 100
PERCENTAGE OF SEMESTER WORK % 60
PERCENTAGE OF FINAL WORK % 40
Total % 100

ECTS / Workload Table

Activities Number of Activities Duration (Hours) Workload
Course Hours 14 3 42
Study Hours Out of Class 12 2 24
Homework Assignments 14 4 56
Quizzes 4 1 4
Midterms 2 24 48
Final 1 24 24
Total Workload 198

Contribution of Learning Outcomes to Programme Outcomes

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) To have a grasp of basic mathematics, applied mathematics and theories and applications in Mathematics
2) To be able to understand and assess mathematical proofs and construct appropriate proofs of their own and also define and analyze problems and to find solutions based on scientific methods,
3) To be able to apply mathematics in real life with interdisciplinary approach and to discover their potentials,
4) To be able to acquire necessary information and to make modeling in any field that mathematics is used and to improve herself/himself, 4
5) To be able to tell theoretical and technical information easily to both experts in detail and non-experts in basic and comprehensible way,
6) To be familiar with computer programs used in the fields of mathematics and to be able to use at least one of them effectively at the European Computer Driving Licence Advanced Level,
7) To be able to behave in accordance with social, scientific and ethical values in each step of the projects involved and to be able to introduce and apply projects in terms of civic engagement,
8) To be able to evaluate all processes effectively and to have enough awareness about quality management by being conscious and having intellectual background in the universal sense, 4
9) By having a way of abstract thinking, to be able to connect concrete events and to transfer solutions, to be able to design experiments, collect data, and analyze results by scientific methods and to interfere,
10) To be able to continue lifelong learning by renewing the knowledge, the abilities and the competencies which have been developed during the program, and being conscious about lifelong learning,
11) To be able to adapt and transfer the knowledge gained in the areas of mathematics ; such as algebra, analysis, number theory, mathematical logic, geometry and topology to the level of secondary school,
12) To be able to conduct a research either as an individual or as a team member, and to be effective in each related step of the project, to take role in the decision process, to plan and manage the project by using time effectively.