MANAGEMENT ENGINEERING | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
ENM1004 | Economics for Engineers | Spring | 3 | 0 | 3 | 7 |
The course opens with the approval of the Department at the beginning of each semester |
Language of instruction: | En |
Type of course: | Must Course |
Course Level: | Bachelor |
Mode of Delivery: | Face to face |
Course Coordinator : | Dr. Öğr. Üyesi MEHMET EMİN YILDIZ |
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. |
The students who have succeeded in this course; 1. Understand the general overview of microeconomics and concepts of microeconomics 2. Understand the general overview of macroeconomics and concepts of macroeconomics 3. Analyze and interpret the key concepts of microeconomics in relation with managerial decisions using numerical engineering approach 4. Determine and analyze the types of markets 5. Analyze and interpret the key concepts of macroeconomics in relationship with managerial decisions 6. Gain the ability to capture the essence of not advanced economics news and articles 7. Calculate Short Run Costs and Long Run Costs in order to obtain Output Decisions |
CONTENT: Essentials of microeconomics and macroeconomics: the economic problem; demand, supply, and price determination; theory of consumer behavior; 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. |
Week | Subject | Related Preparation | |
1) | Demand and Supply Applications | ||
1) | The Scope of Method of Economics Introduction to Macroeconomics Measuring National Output and National Income | ||
2) | Unemployment, Inflation, and Long Run Growth Aggregate Expenditure and Equilibrium Output | ||
3) | The Money Supply and The Central Bank System | ||
4) | Para Talebi ve Denge Faiz Oranı | ||
5) | The Economic Problem: Scarcity and Choice | ||
6) | Demand Supply and Market Equilibrium | ||
7) | Midterm | ||
8) | Elasticity | ||
9) | Household Behaviour and Consumer Choice | ||
10) | Production Process: The Behavior of Profit-Maximizing Firms | ||
11) | Short Run Costs and Output Decisions | ||
12) | Long Run Cost and Output Decisions | ||
13) | Input Demand: The Capital Market and Investment Decision | ||
14) | Perfect Competition, Monopoly, Oligopoly |
Course Notes: | Case, Fair and Oster Principles of Economics 12nd ed. Pearson |
References: |
Semester Requirements | Number of Activities | Level of Contribution |
Attendance | 42 | % 25 |
Laboratory | % 0 | |
Application | % 0 | |
Field Work | % 0 | |
Special Course Internship (Work Placement) | % 0 | |
Quizzes | % 0 | |
Homework Assignments | 10 | % 20 |
Presentation | % 0 | |
Project | % 0 | |
Seminar | % 0 | |
Midterms | 1 | % 15 |
Preliminary Jury | % 0 | |
Final | 1 | % 30 |
Paper Submission | 1 | % 10 |
Jury | % 0 | |
Bütünleme | % 0 | |
Total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 70 | |
PERCENTAGE OF FINAL WORK | % 30 | |
Total | % 100 |
Activities | Number of Activities | Duration (Hours) | Workload |
Course Hours | 14 | 3 | 42 |
Laboratory | 0 | 0 | 0 |
Application | 0 | 0 | 0 |
Special Course Internship (Work Placement) | 0 | 0 | 0 |
Field Work | 0 | 0 | 0 |
Study Hours Out of Class | 1 | 40 | 40 |
Presentations / Seminar | 0 | 0 | 0 |
Project | 0 | 0 | 0 |
Homework Assignments | 10 | 4 | 40 |
Quizzes | 0 | 0 | 0 |
Preliminary Jury | 0 | 0 | 0 |
Midterms | 1 | 3 | 3 |
Paper Submission | 1 | 40 | 40 |
Jury | 0 | 0 | 0 |
Final | 1 | 3 | 3 |
Total Workload | 168 |
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 engineering subjects; use theoretical and applied information in these areas to model and solve engineering problems. | 5 |
2) | identify, formulate, and solve complex engineering problems; select and apply proper analysis and modeling methods for this purpose. | |
3) | Design a complex system, process, device or product under realistic constraints and conditions, in such a way as to meet the desired result; 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) | Devise, select, and use modern techniques and tools needed for engineering management practice; employ information technologies effectively. | |
5) | Design and conduct experiments, collect data, analyze and interpret results for investigating engineering management problems. | 4 |
6) | Cooperate efficiently in intra-disciplinary and multi-disciplinary teams; and show self-reliance when working independently. | 4 |
7) | Demonstrate effective communication skills in both oral and written English and Turkish. | 4 |
8) | Recognize the need for lifelong learning; show ability to access information, to follow developments in science and technology, and to continuously educate him/herself. | |
9) | Develop an awareness of professional and ethical responsibility. | |
10) | Know business life practices such as project management, risk management, and change management; develop an awareness of entrepreneurship, innovation, and sustainable development. | |
11) | Know contemporary issues and the global and societal effects of engineering practices on health, environment, and safety; recognize the legal consequences of engineering solutions. | |
12) | Develop effective and efficient managerial skills. |