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Description of Individual Course Units| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | GM169 | Mühendislik Proseslerinde İstatistiksel Süreç Kontrolü | Elective | 1 | 1 | 6 |
| | Level of Course Unit | | Second Cycle | | Objectives of the Course | | To have the students acquire the skills to enable them to make use of the basic knowledge on economic theory provided in the course when decission making on economic issues, improve themselves independently based on the knowlege and skills they acquired and able to communicate with the others on professional issues. | | Name of Lecturer(s) | | | Learning Outcomes | | 1 | Recognition of the principles of economics | | 2 | Ability to decide on which commodity and/or service should be produced by whom & how. | | 3 | Ability to assess supply-demand relationship to project changes in amount & price | | 4 | Recognition of the flexibility of the supply-demand relationship | | 5 | Ability to describe factors affecting flexibility in the supply-demand relationship | | 6 | Ability to descriminate between type of markets. | | 7 | Ability to calculate predicted costs |
| | Mode of Delivery | | Normal Education | | Prerequisites and co-requisities | | None | | Recommended Optional Programme Components | | None | | Course Contents | | The course includes the subjects of basic terms of economics, major economic problems, consumer behavior and demand, producer behavior and supply, markets and type of narkets, macroekonomic terms, national statistics, finance and investment, monetary and fiscal policies | | Weekly Detailed Course Contents | |
| 1 | Economic concepts: definition of economics, basic problems in economics, basic ideas in economics, economic models and economists | | | | 2 | Ekonomic problem: resources and needs, production possibility fronties, efficient use of resources, economic growth, the market economy | | | | 3 | Supply, demand, and elasticities: price and opportunity cost, demand, supply and market equilibrium, changes in prices and quantities, elasticity and its importance, demand and supply elasticities | | | | 4 | Firms and Production: economic profit, technical and economic efficiency, knowledge and organization, types of firms, markets and competitiveness, firms and markets | | | | 5 | Production costs: Time periods in decission making, restrictions in short term technologies, short term costs, long term costs, economies and disecomonmies of scale | | | | 6 | Utility, preferences, possibilities and consumption: Householld consumption preferences, concepts related to utility, maximizing utility, preferences and indifference curves, the impacts of changes in price and income, efficiency, price and value, demand curve | | | | 7 | MID-TERM EXAM | | | | 8 | Perfect competition: Competition, firm decission in perfect competition, production, price and amd profit in perfect competition, changes in preferences and technology, Competition and sfficiency | | | | 9 | Non-perfect competition: Market power, production and pricing in monopoly, strategies of monopoly, monopolistic competition, price and production in monopolistic compotition, product development and marketing, Oligopoly, Game theory, other oligopolistic games | | | | 10 | Resource markets: resource prices and incomes, labor markets, capital markets, land and and exhaustible natural resource markets, income, economic rant and opportunity costs | | | | 11 | Market, government and global markets: Households and firms in markets, role of government in economy, global economy, globalization and its impacts, European Union | | | | 12 | Macroeconomic concepts: What is macroeconomy? production level in economy, unemployment, enflation, clasical and Keynes economics | | | | 13 | National Istatistics: Gross national product, determinin national accounts, employment statistics, changes in production and the prices | | | | 14 | Financial tools: Investment, niminal and real interest rates, investment expenditures and interest rates, financial tools and investment, financial tools in economic crises. | | | | 15 | Monetary policies: Money and its features, types of money in market, the role of banks, money creating process, the role of central bank | | |
| | Recommended or Required Reading | | Ertek, T., (2009): Temel Ekonomi (Basından Örnekler), 3.Baskı, Beta Yayınları. Dinler, Z., (1995): İktisada giriş, Bursa Ekin Kitabevi Yayınları. 2. Berberoğlu, C. N., (1997): Genel Ekonomi, Birlik Ofset. 3. Güncel ve çıkmış gazete ve dergi makaleleri. | | Planned Learning Activities and Teaching Methods | | | Assessment Methods and Criteria | |
| Midterm Examination | 1 | 100 | | SUM | 100 | |
| Final Examination | 1 | 100 | | SUM | 100 | | Term (or Year) Learning Activities | 40 | | End Of Term (or Year) Learning Activities | 60 | | SUM | 100 |
| | Language of Instruction | | | Work Placement(s) | | None |
| | Workload Calculation | |
| Midterm Examination | 1 | 2 | 2 | | Final Examination | 1 | 2 | 2 | | Attending Lectures | 30 | 2 | 60 | | Individual Study for Mid term Examination | 2 | 8 | 16 | | Individual Study for Final Examination | 1 | 12 | 12 | | Reading | 14 | 2 | 28 | | Homework | 10 | 6 | 60 | |
| Contribution of Learning Outcomes to Programme Outcomes | | LO1 | 5 | | | | | LO2 | 5 | 5 | | | | LO3 | 5 | | 5 | | | LO4 | 5 | | | 5 | | LO5 | 5 | | | | | LO6 | 5 | | | | | LO7 | 5 | | | |
| | * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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