ECONOMICS | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
ENM1002 | Economics for Engineers | Spring | 3 | 0 | 3 | 8 |
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
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. |
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. |
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. |
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 |
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: |
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 |
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 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | As a world citizen, she is aware of global economic, political, social and ecological developments and trends. | |
2) | He/she is equipped to closely follow the technological progress required by global and local dynamics and to continue learning. | |
3) | Absorbs basic economic principles and analysis methods and uses them to evaluate daily events. | |
4) | Uses quantitative and statistical tools to identify economic problems, analyze them, and share their findings with relevant stakeholders. | |
5) | Understands the decision-making stages of economic units under existing constraints and incentives, examines the interactions and possible future effects of these decisions. | |
6) | Comprehends new ways of doing business using digital technologies. and new market structures. | |
7) | Takes critical approach to economic and social problems and develops analytical solutions. | |
8) | Has the necessary mathematical equipment to produce analytical solutions and use quantitative research methods. | |
9) | In the works he/she contributes, observes individual and social welfare together and with an ethical perspective. | |
10) | Deals with economic problems with an interdisciplinary approach and seeks solutions by making use of different disciplines. | |
11) | Generates original and innovative ideas in the works she/he contributes as part of a team. |