IND106 Introduction to EconomicsInstitutional InformationDegree Programs Industrial Engineering(English)Information For StudentsDiploma SupplementErasmus Policy StatementNational Qualifications
Industrial Engineering(English)

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Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course General Introduction Information

Course Code: IND106
Course Name: Introduction to Economics
Course Semester: Spring
Course Credits:
ECTS
3
Language of instruction:
Course Requirement:
Does the Course Require Work Experience?: No
Type of course: Necessary
Course Level:
Bachelor TR-NQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree
Mode of Delivery: Face to face
Course Coordinator : Ar.Gör. HÜSEYİN TANSU YILDIRIM
Course Lecturer(s): Dr.Öğr.Üyesi ORHAN SİVRİKAYA
Course Assistants:

Course Purpose and Content

Course Objectives: The aim of the course is to ensure that students have the basic knowledge of microeconomic and macroeconomic concepts and have skills in an economic interpretation of the relationship between individuals, enterprises, and the state on economic behaviors and skills in making basic analyses and conclusions.
Course Content: Basic Economy Definitions and Terms, Principles / Schools / Solidarity and Trade / Supply and Demand Market / Elasticity / Effects of the State on Market and Control Mechanisms / Effect of Markets / Public Economy / Organization of Industry and Markets / Consumer Selection Theory / Monetary System / Growth and Inflation

Learning Outcomes

The students who have succeeded in this course;
1) Uses basic concepts and can analyze the consumer's decision-making process.
2) Can evaluate the concept of a real-life market and analyze the rational decision-making processes of enterprises.
3) Can categorize market types.
4) Criticises the consumer equilibrium level of national income formation.
5) Can use money, for economic growth and basic elements of the systems.

Course Flow Plan

Week Subject Related Preparation
1) What is economy? Why do we learn the economy?
2) Supply - Demand and Market Balances
3) Elasticity
4) Firms and Their Costs
5) Input Markets
6) Macro Concepts-GDP and Inflation
7) Macro Concepts-Unfursor and Payments Balance Sheet
8) Midterm 1 / Practice or Review
9) Macro Concepts-Unfursor and Payments Balance Sheet
10) Macro Concepts-Money and Finance Policies
11) Macro Concepts-Money and Finance Policies
12) Macro concepts-National and International Money Markets
13) Turkey Economy - Summary 1
14) Turkey Economy - Summary 2
15) Final Exam

Sources

Course Notes / Textbooks: Principles of Economics
Ders Notları
References: Principles of Economics
Ders Notları

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Medium 3 Highest
       
Program Outcomes Level of Contribution
1) Adequate knowledge in mathematics, science, and related engineering discipline; ability to use theoretical and practical knowledge in these areas in complex engineering problems.
2) An ability to detect, identify, formulate, and solve complex engineering problems; the ability to select and apply appropriate analysis and modelling methods for this purpose.
3) An ability to design a complex system, process, device, or product to meet specific requirements under realistic constraints and conditions; the ability to apply modern design methods for this purpose.
4) An ability to develop, select and use modern techniques and tools necessary for the analysis and solution of complex problems in engineering applications.
5) An ability to use information technologies effectively.
6) Ability to design, conduct experiments, collect data, analyse, and interpret results to investigate complex engineering problems or discipline-specific research topics.
7) Ability to work effectively in disciplinary and multidisciplinary teams; ability to work individually.
8) Ability to communicate effectively in oral and written Turkish.
9) Knowledge of at least one foreign language.
10) Ability to write effective reports and understand written reports, to prepare design and production reports, to make effective presentations, to give clear and understandable instructions.
11) Awareness of the necessity of lifelong learning; ability to access information, follow developments in science and technology and ability to renew themselves.

Learning Activity and Teaching Methods

Bireysel çalışma ve ödevi
Course
Problem Çözme

Measurement and Evaluation Methods and Criteria

Yazılı Sınav (Açık uçlu sorular, çoktan seçmeli, doğru yanlış, eşleştirme, boşluk doldurma, sıralama)
Homework
Bireysel Proje
Grup Projesi

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Committee 14 % 0
Homework Assignments 1 % 30
Midterms 1 % 30
Final 1 % 40
total % 100
PERCENTAGE OF SEMESTER WORK % 60
PERCENTAGE OF FINAL WORK % 40
total % 100

İş Yükü ve AKTS Kredisi Hesaplaması

Activities Number of Activities Aktiviteye Hazırlık Aktivitede Harçanan Süre Aktivite Gereksinimi İçin Süre Workload
Course Hours 14 3 42
Study Hours Out of Class 14 1 14
Homework Assignments 1 10 10
Midterms 1 15 15
Final 1 15 15
Total Workload 96