Economics for Engineers

Course Code:

ECON 294

P:

3

Application:

0

Credits:

3

ECTS:

5

Course Language:

İngilizce

Course Coordinator:

Ozan Ekin Kurt

Courses given by:

Ozan Ekin Kurt

Course Objectives:

The objective of the course is to teach the general principles of economics.

Course Content:

Topics such as scarcity, opportunity cost, marginalistic approach, supply-demand, market mechanism and their workings are taught. The efficient use of scarce productive resources is the main issue. Therefore, the course starts with the methodology of the science of economics and ends with monetary and fiscal policies, inflation, national income and current account balance

Course Methodology:

1: Lecture, 2: Question-Answer, 3: Discussion, 12: Case Study

Course Evaluation Methods:

A: Testing, B: Experiment, C: Homework, Q: Quiz

Vertical Tabs

Course Learning Outcomes

Learning Outcomes	Program Learning Outcomes	Teaching Methods	Assessment Methods
It explains the meaning of economics	1,5,7	1, 2, 3, 12	A, C
It explains the characteristics of consumers, firms and markets.	1,5,7	1, 2, 3, 12	A, C
It explains the features of competitive and monopolistically competitive firms.	1,5,7	1, 2, 3, 12	A, C
It explains the rate of inflation, government policies and trade balance.	1,5,7	1, 2, 3, 12	A, C

Course Flow

Week	Topics	Study Materials
1	MARKETS AND DEMAND CURVE
2	ELASTICITY AND SUPPLY CURVE
3	SHIFTS IN DEMAND AND SUPPLY CURVES
4	UTILITY MAXIMIZATION OF A CONSUMER
5	THE EQUILIBRIUM MARKET BASKET
6	PRODUCTION FUNCTION
7	COST ANALYSIS
8	PERFECT COMPETITION
9	MONOPOLY
10	NATIONAL INCOME
11	THE RATE OF INFLATION
12	THE MONETARY POLICY
13	THE FISCAL POLICY
14	BALANCE OF PAYMENTS

Recommended Sources

Textbook		Pindyck and Rubinfeld, Microeconomics, Prentice Hall International Dornbush, R., Fisher,S. ve Startz, R. Macroeconomics, Irwin McGraw Hill.
Additional Resources

Material Sharing

Documents		DISCUSSION OF CURRENT EVENTS PUBLISHED IN PRESS
Assignments		EXAMPLES FROM THE TEXTBOOK
Exams

Assessment

IN-TERM STUDIES	NUMBER	PERCENTAGE
Mid-terms	1	60
Quizzes (attendance, presentation, etc.)	0	0
Assignments	4	40
	Total	100
Contribution of Final Examination to Overall Grade		60
Contribution of In-Term Studies to Overall Grade		40
	Total	100
Course Category

Course’s Contribution to Program

COURSE'S CONTRIBUTION TO PROGRAM
No	Program Learning Outcomes	Contribution
		1	2	3	4	5
1	1. Students can keep themselves informed and analyze the current economic development in Turkey and in the world from an international political economy perspective paying a particular attention to the interaction of the Turkish economy with the global economy.
2	2. Being aware of the development and accumulation of economic thought, students can master qualitative and quantitative knowledge and methods to test various economic theories that can be applied to the analysis of the current economic problems.
3	3. Students can use statistical and econometric analyses by learning how to use information technologies that have validity and widespread use in the field of economics.
4	4. By learning how to learn in the field of economics, students can research and work individually or as a team using the Turkish and English academic resources.
5	5. Being aware of the ethical values, students know the individual, social and ecological dimensions of the concept of social responsibility and can prove that they understand the active citizenship duty that falls upon them within this framework.
6	6. Students can clearly express, present and share their knowledge, the outcomes of their studies, their ideas and comments to people in their field or other disciplines/units using the necessary data, in national and international academic and professional environments, in Turkish or English.
7	Students can show that understanding the universality of social rights and the concepts of social justice, which form the basis of the modern societies, and the importance of scientific perspective, which is necessary to the social development and global competitiveness.

ECTS

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Course Duration (Including the Exam Week: 15 x total course hours)	15	3	45
Hours for off-the-classroom study (Pre-study, practice)	15	3	45
Mid-terms	1	10	10
Quizzes (attendance, presentation, etc.)	0	0	0
Assignments	4	5	20
Final Examination	1	10	10
Total Work Load			130
Total Work Load / 25 (s)			5,2
ECTS Credit of the Course			5

None

Search form