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

ASSOCIATE PROFESSOR KEMAL SUBULAN

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 supply, demand, production and consumption theory, price theory, market types and balances, as well as national income, unemployment, monetary policies, inflation, interest, economic growth and development.

Learning Outcomes of the Course Unit

1   Able to comprehend basic concepts and principles of economics
2   Able to define interactions between basic concepts and principles of economics
3   Able to comprehend how supply and demand occur and their effects on market balance
4   Able to have knowledge about producer and consumer behaviours
5   Able to distinguish different market structures

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 Price theory: Supply-demand balance and price formation
3 Price theory: Supply-demand balance and price formation
4 Costs and production theory
5 Costs and production theory
6 Consumer behaviours and consumption theory
7 Consumer behaviours and consumption theory
8 Market types and balance formation
9 Market types and balance formation
10 Inflation, interest, and unemployment
11 Inflation, interest, and unemployment
12 Measuring income: Gross domestic product, gross national product, and national income
13 Economic growth and development, monetary policies
14 Economic growth and development, monetary policies

Recomended or Required Reading

Tümay Ertek, 2022. Temel Ekonomi (5. Baskı). Istanbul: Beta Yayınları.
Karl E. Case, Ray C. Fair, and Sharon M. Oster, 2016. Principles of Economics (12th Edition). New York: Pearson Education.

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)

To be announced.

Office Hours

To be announced.

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