COURSE UNIT TITLE

: PRINCIPLES OF ECONOMY

DEGREE PROGRAMMES

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
TKS 1103 PRINCIPLES OF ECONOMY COMPULSORY 2 0 0 2

Offered By

Textile Engineering

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR GÜLSEREN KARABAY

Offered to

Textile Engineering

Course Objective

To explain the fundamental concepts of micro-economics and economic systems, to explain price theory and producer-consumer equilibrium To explain the fundamental concepts of macro-economics, to explain national income, employment, unemployment, inflation, deflation, devaluation, European Union and other integration movements and consequently, mechanism of economic processes. As a term project, to contribute self-improvement and communication skills by attending a social responsibility project as a volunteer.

Learning Outcomes of the Course Unit

1   To be able to explain the fundamental concepts of microeconomics
2   To be able to explain supply-demand equilibrium and formation of price
3   To be able to explain consumer-producer equilibrium
4   To be able to explain the fundamental concepts of macroeconomics
5   To be able to explain national income, employment and unemployment
6   To be able to explain inflation, deflation, devaluation and stagflation
7   To be able to explain EU and economic integration facts
8   To be able to conduct SWOT analysis

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Description of economy and fundamental concepts: requirement, goods and services, benefit, production, consumption, saving, investment and production factors
2 Economic systems: Capitalism, socialism, social market economy. Types of enterprises.
3 Demand and Supply (definition, curve, function, and elasticities)
4 Price Theory, Consumption Theory (indifference curve and budget line), Production Theory (isoquant curve and isocost line)
5 National Income (GNP, GNP, SMR, Personal Income, Per Capita Income, Nominal Income, Real Income)
6 Concepts of Inflation, Deflation, Devaluation, and Stagflation Monetary Policy Tools in the Fight Against Inflation
7 Knowledge of What to Do Before a Business Begins Operation
8 Knowledge of Investment Project Evaluation Techniques
9 Selection of place of establishment and Capacity Planning
10 Product and Service Design
11 Facility Layout
12 Demand Forecasting Knowledge of What to Do After a Business Begins Operation
13 General Knowledge of Business Functions
14 Supply and Distribution Management

Recomended or Required Reading

1. Pekin, Tevfik, Ekonomiye Giriş, Bornova 1999.
2. Pekin, Tevfik, Makro Ekonomi, Bornova 1999.
3. Dinler, Zeynel, Iktisada Giriş, Ekin Kitabevi, Bursa, 1995
4. Ertek, Tümay, Makroekonomiye Giriş, Beta, 2005

Planned Learning Activities and Teaching Methods

Lecture and student participation

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

Midterm %50 + Final %50

Language of Instruction

Turkish

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 13 2 26
Preparations before/after weekly lectures 13 1 13
Preparation for midterm exam 1 4 4
Preparation for final exam 1 4 4
Final 1 2 2
Midterm 1 2 2
TOTAL WORKLOAD (hours) 51

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11
LO.13
LO.2
LO.3
LO.43
LO.54
LO.64
LO.7555
LO.8355

CONTACT INFORMATION
Dokuz Eylül Üniversitesi Cumhuriyet Bulvarı No: 144 35210 Alsancak / İZMİR
Phone: +90(232) 412 12 12 - Fax: +90 (232) 464 81 35

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