Mechanical Engineering (English) | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code: | ECO101 | ||||||||
Course Name: | Microeconomics | ||||||||
Course Semester: | Fall | ||||||||
Course Credits: |
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Language of instruction: | EN | ||||||||
Course Requisites: | |||||||||
Does the Course Require Work Experience?: | No | ||||||||
Type of course: | Compulsory | ||||||||
Course Level: |
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Mode of Delivery: | Face to face | ||||||||
Course Coordinator : | Prof. Dr. FATMA ÇİĞDEM ÇELİK | ||||||||
Course Lecturer(s): |
Prof. Dr. FATMA ÇİĞDEM ÇELİK Dr. BİLİNMİYOR BEKLER |
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Course Assistants: |
Course Objectives: | This course is the first part of the sequence of introductory economics courses. The main objective of the course is to equip students the basics of microeconomics. Broadly defined, microeconomics is the study of how humans behave in the economic world and how the interactions between different actors in the economy are formed. This course will present a basic introduction about how economists look at the way such micro interactions are formed. |
Course Content: | Role of consumers, firms, and workers as economic actors; nature of economic interaction and dealings; economic choice and constraints; consumer theory and demand; theory of the firm: production, costs and supply; general equilibrium; market structures; market failures; imperfect information; welfare; examples from the World and Turkey. |
The students who have succeeded in this course;
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Week | Subject | Related Preparation |
1) | Principles and Practice of Economics (Week 1) | NONE |
2) | Optimization: Doing the Best You Ca | READİNG |
3) | Demand, Supply and Equilibrium | READİNG |
4) | Demand, Supply and Equilibriu | READING |
5) | Consumers and Incentives | READING |
6) | Consumers and Incentives | READİNG |
7) | Sellers and Incentive | READİNG |
8) | Midterm | NONE |
9) | Sellers and Incentive | READİNG |
10) | Perfect Competition and the Invisible Hand | READING |
11) | Selected Topics | READING |
12) | Selected Topics | READING |
13) | Markets for Factors of Production | READING |
14) | Monopoly | READING |
15) | Game Theory and Strategic Play | reading |
Course Notes / Textbooks: | Textbook: Acemoglu, D., Laibson, D., & List, J.,(2018). Economics, 2nd Edition, Boston: Pearson Education. |
References: | Recommended References books: Bade, Bade, Parkin & Parkin, Foundations of Economics, Global Edition, 8th Edition | Pearson Mankiw, G., (2018). Principles of Economics, 8th Edition, Boston: CengageLearning. Additional Sources: |
Learning Outcomes | 1 |
2 |
3 |
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Program Outcomes | ||||||||||||
1) Sufficient knowledge in mathematics, science and engineering related to their branches; and the ability to apply theoretical and practical knowledge in these areas to model and solve engineering problems. | ||||||||||||
2) The ability to identify, formulate, and solve complex engineering problems; selecting and applying appropriate analysis and modeling methods for this purpose. | ||||||||||||
3) The ability to design a complex system, process, device or product under realistic constraints and conditions to meet specific requirements; the ability to apply modern design methods for this purpose. (Realistic constraints and conditions include such issues as economy, environmental issues, sustainability, manufacturability, ethics, health, safety, social and political issues, according to the nature of design.) | ||||||||||||
4) Ability to develop, select and use modern techniques and tools necessary for engineering applications; ability to use information technologies effectively. | ||||||||||||
5) Ability to design experiments, conduct experiments, collect data, analyze and interpret results to examine engineering problems or discipline-specific research topics. | ||||||||||||
6) The ability to work effectively in disciplinary and multidisciplinary teams; individual work skill. | ||||||||||||
7) Effective communication skills in Turkish oral and written communication; at least one foreign language knowledge; ability to write effective reports and understand written reports, to prepare design and production reports, to make effective presentations, to give and receive clear and understandable instructions. | ||||||||||||
8) Awareness of the need for lifelong learning; access to knowledge, ability to follow developments in science and technology, and constant self-renewal. | ||||||||||||
9) Conform to ethical principles, and standards of professional and ethical responsibility; be informed about the standards used in engineering applications. | ||||||||||||
10) Awareness of applications in business, such as project management, risk management and change management; awareness of entrepreneurship, and innovation; information about sustainable development. | ||||||||||||
11) The ability to work effectively in disciplinary and multidisciplinary teams; individual work skill. | ||||||||||||
12) In order to gain depth at least one, physics knowledge based on chemistry knowledge and mathematics; advanced mathematical knowledge, including multivariable mathematical and differential equations; familiarity with statistics and linear algebra. | ||||||||||||
13) The ability to work in both thermal and mechanical systems, including the design and implementation of such systems. |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Sufficient knowledge in mathematics, science and engineering related to their branches; and the ability to apply theoretical and practical knowledge in these areas to model and solve engineering problems. | |
2) | The ability to identify, formulate, and solve complex engineering problems; selecting and applying appropriate analysis and modeling methods for this purpose. | |
3) | The ability to design a complex system, process, device or product under realistic constraints and conditions to meet specific requirements; the ability to apply modern design methods for this purpose. (Realistic constraints and conditions include such issues as economy, environmental issues, sustainability, manufacturability, ethics, health, safety, social and political issues, according to the nature of design.) | |
4) | Ability to develop, select and use modern techniques and tools necessary for engineering applications; ability to use information technologies effectively. | |
5) | Ability to design experiments, conduct experiments, collect data, analyze and interpret results to examine engineering problems or discipline-specific research topics. | |
6) | The ability to work effectively in disciplinary and multidisciplinary teams; individual work skill. | |
7) | Effective communication skills in Turkish oral and written communication; at least one foreign language knowledge; ability to write effective reports and understand written reports, to prepare design and production reports, to make effective presentations, to give and receive clear and understandable instructions. | |
8) | Awareness of the need for lifelong learning; access to knowledge, ability to follow developments in science and technology, and constant self-renewal. | |
9) | Conform to ethical principles, and standards of professional and ethical responsibility; be informed about the standards used in engineering applications. | |
10) | Awareness of applications in business, such as project management, risk management and change management; awareness of entrepreneurship, and innovation; information about sustainable development. | |
11) | The ability to work effectively in disciplinary and multidisciplinary teams; individual work skill. | |
12) | In order to gain depth at least one, physics knowledge based on chemistry knowledge and mathematics; advanced mathematical knowledge, including multivariable mathematical and differential equations; familiarity with statistics and linear algebra. | |
13) | The ability to work in both thermal and mechanical systems, including the design and implementation of such systems. |
Expression | |
Individual study and homework | |
Lesson | |
Homework |
Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
Homework | |
Application | |
Observation | |
Individual Project |
Semester Requirements | Number of Activities | Level of Contribution |
Homework Assignments | 1 | % 20 |
Midterms | 1 | % 30 |
Final | 1 | % 50 |
total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 50 | |
PERCENTAGE OF FINAL WORK | % 50 | |
total | % 100 |
Activities | Number of Activities | Workload |
Course Hours | 15 | 45 |
Special Course Internship (Work Placement) | 15 | 45 |
Study Hours Out of Class | 15 | 75 |
Midterms | 1 | 12 |
Final | 1 | 15 |
Total Workload | 192 |