BA4005 Global EconomicsBahçeşehir UniversityDegree Programs ENERGY SYSTEMS ENGINEERINGGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational QualificationsBologna Commission
ENERGY SYSTEMS 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
BA4005 Global Economics Fall 3 0 3 4
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. ÜMİT EROL
Recommended Optional Program Components: None
Course Objectives: This course aims to understand macro economic imbalances at the global level, discuss their consequences on the global economy and main national economies.

Learning Outcomes

The students who have succeeded in this course;
The students who succeeded in this course will acquire a solid understanding of following concepts:
1) Understand macro economic imbalances at the global level, discuss their consequences on the global economy and main national economies (USA, China…)
2) Analyze the emergence of the debt crises in UE and discuss proposed solutions
3) Understand the theoretical premises of a monetary union and discuss these premises within the context of EMU
4) Understand the climate debate, analyzing contradictory positions among nations and evaluate the argumentations from a economic rationality
5) Analyze long run dynamics of energy supply and demand and discuss their economic and political consequences

Course Content

Macroeconomic Imbalances in the World Economy(High Savings versus Low Savings)
Deficiencies of the International Monetary System
Debt Crisis in the European Union
Sustainability of European Monetary Union and its Future
Inflation and Its Consequences
Energy Prices in the Long Run and its Consequences on World Economy and Politics

Weekly Detailed Course Contents

Week Subject Related Preparation
1) Introduction
2) Era of World Wars and Closing in: First half of the 20th Century
3) Industrial Revolution and Free Trade: 19th Century
4) Late Industrializations and the Emergence of the New Word Economy
5) An unbalanced world trade growth and Macroeconomic Imbalances
6) An unbalanced world trade growth and Macroeconomic Imbalances
7) Need of a Stable International Monetary System
8) Midterm
9) Construction of Europe: Hopes and Disappointments
10) Pressures on Resources, particularly on fossil energy
11) Growing population and food scarcity
12) Growing population and food scarcity
13) Aging Populations and Populations in Transition
14) Aging Populations and Populations in Transition

Sources

Course Notes / Textbooks: Economics and the Global Environment; Charles S. Pearson / Cambridge University Press.
References: Various handouts

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Homework Assignments 1 % 20
Midterms 1 % 40
Final 1 % 40
Total % 100
PERCENTAGE OF SEMESTER WORK % 60
PERCENTAGE OF FINAL WORK % 40
Total % 100

ECTS / Workload Table

Activities Number of Activities Workload
Course Hours 14 42
Study Hours Out of Class 14 42
Homework Assignments 12 37
Midterms 1 7
Final 1 10
Total Workload 138

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) Build up a body of knowledge in mathematics, science and Energy Systems Engineering subjects; use theoretical and applied information in these areas to model and solve complex engineering problems.
2) Ability to identify, formulate, and solve complex Energy Systems Engineering problems; select and apply proper modeling and analysis methods for this purpose.
3) Ability to design complex Energy systems, processes, devices or products under realistic constraints and conditions, in such a way as to meet the desired result; apply modern design methods for this purpose.
4) Ability to devise, select, and use modern techniques and tools needed for solving complex problems in Energy Systems Engineering practice; employ information technologies effectively.
5) Ability to design and conduct numerical or pysical experiments, collect data, analyze and interpret results for investigating the complex problems specific to Energy Systems Engineering.
6) Ability to cooperate efficiently in intra-disciplinary and multi-disciplinary teams; and show self-reliance when working on Energy Systems-related problems
7) Ability to communicate effectively in English and Turkish (if he/she is a Turkish citizen), both orally and in writing. Write and understand reports, prepare design and production reports, deliver effective presentations, give and receive clear and understandable instructions.
8) Recognize the need for life-long learning; show ability to access information, to follow developments in science and technology, and to continuously educate oneself.
9) Develop an awareness of professional and ethical responsibility, and behave accordingly. Be informed about the standards used in Energy Systems Engineering applications.
10) Learn about business life practices such as project management, risk management, and change management; develop an awareness of entrepreneurship, innovation, and sustainable development.
11) Acquire knowledge about the effects of practices of Energys Systems Engineering on health, environment, security in universal and social scope, and the contemporary problems of Energys Systems engineering; is aware of the legal consequences of Energys Systems engineering solutions.