ENM1002 Economics for EngineersBahçeşehir UniversityDegree Programs ELECTRICAL AND ELECTRONICS ENGINEERINGGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational QualificationsBologna Commission
ELECTRICAL AND ELECTRONICS ENGINEERING
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 Spring 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) Adequate knowledge in mathematics, science and electric-electronic engineering subjects; ability to use theoretical and applied information in these areas to model and solve engineering problems.
2) Ability to identify, 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. (Realistic constraints and conditions may include factors such as economic and environmental issues, sustainability, manufacturability, ethics, health, safety issues, and social and political issues, according to the nature of the design.)
4) Ability to devise, select, and use modern techniques and tools needed for electrical-electronic engineering practice; ability to employ information technologies effectively.
5) Ability to design and conduct experiments, gather data, analyze and interpret results for investigating engineering problems.
6) Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually.
7) Ability to communicate effectively in English and Turkish (if he/she is a Turkish citizen), both orally and in writing.
8) Recognition of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself.
9) Awareness of professional and ethical responsibility.
10) Information about business life practices such as project management, risk management, and change management; awareness of entrepreneurship, innovation, and sustainable development.
11) Knowledge about contemporary issues and the global and societal effects of engineering practices on health, environment, and safety; awareness of the legal consequences of engineering solutions.