COURSE UNIT TITLE

: GENERAL ECONOMICS

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
END 1210 GENERAL ECONOMICS COMPULSORY 3 0 0 5

Offered By

Industrial Engineering

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSISTANT PROFESSOR AYŞE ELIF AY YALÇINKAYA

Offered to

Industrial Engineering

Course Objective

This course aims to teach basic concepts and principles of economics on a micro and macro basis, such as consumption and production theory, cost theory, market types and equilibrium, national income, unemployment, inflation, interest, and economic growth.

Learning Outcomes of the Course Unit

1   To understand the basic concepts and principles of economics
2   To have information about consumer and producer behavior
3   To analyze different market structures and the concept of equilibrium
4   To think strategically and make economic decisions within the framework of game theory
5   To understand macroeconomic dynamics

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction to economics: Basic concepts and principles
2 Consumer behaviours and consumption theory
3 Consumer behaviours and consumption theory
4 Production theory
5 Cost Theory
6 Perfectly competitive equilibrium in goods markets
7 Monopoly
8 Oligopoly
9 Labor market
10 General Equilibrium
11 Game Theory
12 Inflation, interest rate and exchange rate
13 Gross domestic product and economic growth
14 Employment, unemployment and income distribution

Recomended or Required Reading

Recep Kök et al. 2021. Mikro Iktisat. Ankara: Nobel Akademik Yayıncılık.
Karl E. Case, Ray C. Fair, and Sharon M. Oster, 2016. Principles of Economics (12th Edition). New York: Pearson Education.
Mahfi Eğilmez, 2013. Kolay Ekonomi. Istanbul: Remzi Kitabevi.

Planned Learning Activities and Teaching Methods

The topics covered in the course will be explained using blackboard and visual presentation tools and exercises and practices will be done in the lessons. Lectures will be supported by in-class discussions, question-answer and problem solving practices.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 FIN FINAL EXAM
3 FCG FINAL COURSE GRADE MTE * 0.50 + FIN * 0.50
4 RST RESIT
5 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.50 + RST * 0.50


Further Notes About Assessment Methods

None

Assessment Criteria

Mid-term (50%) + Final (50%)

Language of Instruction

English

Course Policies and Rules

To be announced.

Contact Details for the Lecturer(s)

elif.ay@deu.edu.tr

Office Hours

Wednesday 4:00-5:00 pm

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparations before/after weekly lectures 14 3,5 56
Preparation for midterm exam 1 8 8
Preparation for final exam 1 11 11
Midterm 1 1,5 2
Final 1 1,5 2
TOTAL WORKLOAD (hours) 121

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11
LO.1311
LO.2311
LO.3311
LO.4311
LO.5311