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Course Description Course Name : Economics for Engineers Course Code : MTY-517 Course Type : Optional Level of Course : Second Cycle Year of Study : 1 Course Semester : Fall (16 Weeks) ECTS : 6 Name of Lecturer(s) : Asst.Prof.Dr. SEYFETTİN NOYAN OĞULATA Learning Outcomes of the Course : Defines the basic concepts and principles, which are required for economic analysis. Defines and interprets the demand and supply functions and the determinants of them. Demonstrates the main effects of the changes in the demand and supply curves in order to analyse the market equilibrium. Analyses the concept of elasticity, its measurement and economic effects. Makes analyses by using the approaches of marginal utility approach and indifference curves in order to demonstrate how the consumer equilibrium is achieved. Interprets the differences between perfect competition and monopoly for classifying the markets. Explains and measures national income, unemployment, inflation and growth. Discusses the concept of money, its functions, types and systems. Defines the basic concepts of growth and international economics . Mode of Delivery : Face-to-Face Prerequisites and Co-Prerequisites : None Recommended Optional Programme Components : None Aim(s) of Course : This course introduces basic tools and concepts of economic theory. The objective of this course is to develop the ability in students to understand and use the fundamental tools of microeconomic theory. Using these tools, they can analyze and explain market phenomena. We will study how markets solve the allocation problem, demand and consumer behavior, supply and firm behavior, costs of production and different market types. Course Contents : Economic Sciences and Basic Concepts, examining the relationship between the Economic Sciences and other sciences, identifying the concepts consistently used by everyone in daily life, Micro Economics, small decision units existing in the Business, Macro Economics, national income and national income calculation methods, monetary and properties of the currency, monetary types, functions of monetary and its role in the economy Language of Instruction : Turkish Work Place : seminar room   Course Outline /Schedule (Weekly) Planned Learning Activities Week Subject Student's Preliminary Work Learning Activities and Teaching Methods 1 Basic Concepts of Economics; Demand, Benefit, Value, Product, Merchandise and Services, Production Lecture notes and resources Lecture, 2 Supply and Demand, Functions of Supply and Demand, Elasticity of the Supply and Demand Lecture notes and resources Lecture, 3 Production Function and Cost Functions Lecture notes and resources Lecture, 4 Defining the market and Degrees of Competition Lecture notes and resources Lecture, 5 Price Formation in the Perfect Competition Market and Governments Interferences in the Market Lecture notes and resources Lecture, 6 Equilibrium of the Firm under Perfect Competition Lecture notes and resources Lecture, 7 Monopoly and Imperfect Competition Lecture notes and resources Lecture, 8 Midterm Exam 9 Markets for Inputs Lecture notes and resources Lecture, 10 Measuring Income; GDP and National Income Lecture notes and resources Lecture, 11 Employment and Unemployment Lecture notes and resources Lecture, 12 Public Finance Lecture notes and resources Lecture, 13 Money and Inflation Lecture notes and resources Lecture, 14 Foreign Trade, Financial Flows and Exchange Rates Lecture notes and resources Lecture,   Required Course Resources Resource Type Resource Name Recommended Course Material(s)  ŞAHİN, Hüseyin (2010) Introduction to Economics, Ezgi Publishing, Bursa (in Turkish) DİNLER, Zeynel (2008) Introduction to Economics, Ekin Publishing, Bursa (in Turkish) Required Course Material(s)   Assessment Methods and Assessment Criteria Semester/Year Assessments Number Contribution Percentage     Mid-term Exams (Written, Oral, etc.) 1 75     Homeworks/Projects/Others 1 25 Total 100 Rate of Semester/Year Assessments to Success 40   Final Assessments 100 Rate of Final Assessments to Success 60 Total 100   Contribution of the Course to Key Learning Outcomes # Key Learning Outcome Contribution* 1 Understands, evaluates, interprets and applies knowledge in depth in the field of engineering and technology management, doing scientific research. 4 2 Has comprehensive knowledge about current methods and techniques of engineering and technology management and its limitations. 3 3 Has the ability of describing and applying knowledge despite limited or missing data; integrates knowledge from different disciplines into the present knowledge. 4 4 Designs engineering problems, develops techniques to solve them, using innovative ways. 3 5 Has the ability of designing and applying research based on analytical, modelling and experimental approaches and has the ability to solve problems encountered while conducting such research. 4 6 Works in multi-disciplinary teams, takes a leading role and responsibility and develops approaches for compicated solutions. 4 7 Describes, gathers and uses necessary information and data. 4 8 Has the ability of developing new and/or original ideas or techniques to come up with innovative solutions for designing systems, components or processes. 3 9 Presents research findings systematically and clearly in oral or written forms in national or international meetings. 4 10 Understands social and environmental implications of engineering practice. 4 11 Considers social, scientific and ethical values in all professional activities and while collecting and analysing data and discussing the findings. 4 12 Keeps up with the latest developments in the field. 4 * Contribution levels are between 0 (not) and 5 (maximum).   Student Workload - ECTS Works Number Time (Hour) Total Workload (Hour) Course Related Works     Class Time (Exam weeks are excluded) 13 3 39     Out of Class Study (Preliminary Work, Practice) 13 2 26 Assesment Related Works     Homeworks, Projects, Others 1 72 72     Mid-term Exams (Written, Oral, etc.) 1 2 2     Final Exam 1 2 2 Total Workload: 141 Total Workload / 25 (h): 5.64 ECTS Credit: 6