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| Course Description |
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| Course Name |
: |
General Economics |
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| Course Code |
: |
MMD217 |
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| Course Type |
: |
Compulsory |
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| Level of Course |
: |
First Cycle |
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| Year of Study |
: |
2 |
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| Course Semester |
: |
Fall (16 Weeks) |
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| ECTS |
: |
2 |
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| Name of Lecturer(s) |
: |
Asst.Prof.Dr. HÜSEYİN VAPUR
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| Learning Outcomes of the Course |
: |
Has an understanding of what the economy is and the scope of economic systems and the economy.
Knows about the balance between need, supply and demand.
Knows about the concept of flexibility and market.
Knows about factors of production.
Knows about market types.
Knows about money and banking, national income, assets and employment.
Knows about foreign trade and the global economy.
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| Mode of Delivery |
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Face-to-Face |
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| Prerequisites and Co-Prerequisites |
: |
None |
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| Recommended Optional Programme Components |
: |
None |
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| Aim(s) of Course |
: |
A good engineer should be familiar with the general economic matters and using the theoretical and practical knowledge of running a profitable business. For this reason, the aim is to introduce general economic topics in this course (marketing, business, export, import, inflation, supply and demand, etc.). |
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| Course Contents |
: |
What is economy and need? The global economy and the effects of mining, the cost of production inputs, the concept of flexibility in the domestic and foreign export-import relationship, money and banking, inflation and interest relationship.The relationship between markets, marketing, economic recession, the growth and the stock market, stocks, the central bank relations. |
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| Language of Instruction |
: |
Turkish |
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| Work Place |
: |
Faculty classrooms |
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Course Outline /Schedule (Weekly) Planned Learning Activities |
| Week | Subject | Student's Preliminary Work | Learning Activities and Teaching Methods |
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1 |
What is economics? Scope of the main problems of the economy |
Lecture notes (1-10) |
presentation |
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2 |
Economic systems, doctrines, and the global economy |
Lecture notes (10-20) |
presentation |
|
3 |
General Purpose, factors that affect the kinds of goods and services |
Lecture notes (20-30) |
presentation |
|
4 |
Utility services and factors of production |
Lecture notes (30-40) |
presentation |
|
5 |
Types and characteristics of the market |
Lecture notes (40-50) |
presentation |
|
6 |
Price formation, Demand-Supply, |
Lecture notes (50-60) |
presentation |
|
7 |
The concept of flexibility, taxes and subsidies |
Lecture notes (60-70) |
presentation |
|
8 |
The theory of production and distribution |
Lecture notes (70-80) |
presentation |
|
9 |
Mid-term exam |
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|
|
10 |
National income assets and employment |
Lecture notes (80-90) |
presentation |
|
11 |
Money, Banking, Inflation and Interest |
Lecture notes (90-100) |
presentation |
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12 |
Theories of international trade, the balance of foreign payments |
Lecture notes (100-110) |
presentation |
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13 |
Relations with the markets of firms and households, general descriptions about the economy (IMF, in the WPI, CPI, devaluation, revaluation, etc.) |
Additional notes (10-30) |
presentation |
|
14 |
Repetition of subject, applications, and Make-up Exam |
lecture notes |
presentation |
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15 |
Final exam |
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|
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16/17 |
Make up Exam of Final |
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Required Course Resources |
| Resource Type | Resource Name |
| Recommended Course Material(s) |
 General Economics, Yasar hornbeam, CU Faculty of Agriculture, Publication No: 162, 1999
Economics I (General Business), A.Fethi acyl, Ankara University., Faculty of Agriculture, Publication No. 898, 1984
General economy, Z. Osman and Orhan and S. Erdogan Umuttepe Publications, 2010
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| |
| Required Course Material(s) | |
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Assessment Methods and Assessment Criteria |
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Semester/Year Assessments |
Number |
Contribution Percentage |
|
Mid-term Exams (Written, Oral, etc.) |
1 |
100 |
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Homeworks/Projects/Others |
0 |
0 |
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Total |
100 |
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Rate of Semester/Year Assessments to Success |
40 |
| |
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Final Assessments
|
100 |
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Rate of Final Assessments to Success
|
60 |
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Total |
100 |
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| Contribution of the Course to Key Learning Outcomes |
| # | Key Learning Outcome | Contribution* |
|
1 |
Students gain adequate knowledge about the engineering fields in the branches of mathematics, physical sciences or their own branches |
3 |
|
2 |
Students follow the current developments in their fields with a recognition of the need for lifelong learning and constantly improve themselves |
4 |
|
3 |
Students use the theoretical and practical knowledge in mathematics, physical sciences and their fields for engineering solutions |
4 |
|
4 |
Students choose and use the appropriate analytical mehtods and modelling techniques to identify, formulate, and solve the engineering problems |
3 |
|
5 |
Students design and carry out experiments, collect data, analyze and interpret the results. |
3 |
|
6 |
Students gain the capacity to analyze a system, a component, and desing the process under realistic constraints to meet the desired requirements; and the ability to apply the methods of modern design accordingly |
3 |
|
7 |
Students choose and use the modern technical tools necessary for engineering practice. |
3 |
|
8 |
Students gain the ability to work effectively both as an individual and in multi-disciplinary teams. |
4 |
|
9 |
Students use the resources of information and databases for the purpose of doing research and accesing information. |
5 |
|
10 |
Students follow the scientific and technological developments in recognition of the need for lifelong learning, and continuously keep their knowledge up to date. |
3 |
|
11 |
Students use the information and communication technologies together with the computer software at the level required by the European Computer Driving Licence. |
3 |
|
12 |
Students use a foreign language according to the general level of European Language Portfolio B1 to communicate effectively in oral and written form. |
3 |
|
13 |
Students gain the ability to communicate using technical drawing. |
2 |
|
14 |
Students become informed of professional and ethical responsibility. |
5 |
|
15 |
Students develop an awareness as regards project management, workplace practices, employee health, environmental and occupational safety; and the legal implications of engineering applications. |
5 |
|
16 |
Students develop an awareness of the universal and social effects of engineering solutions and applications, the entrepreneurship and innovation subjects and gain knowledge of contemporary issues |
5 |
| * Contribution levels are between 0 (not) and 5 (maximum). |
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| Student Workload - ECTS |
| Works | Number | Time (Hour) | Total Workload (Hour) |
| Course Related Works |
|
Class Time (Exam weeks are excluded) |
16 |
2 |
32 |
|
Out of Class Study (Preliminary Work, Practice) |
16 |
1 |
16 |
| Assesment Related Works |
|
Homeworks, Projects, Others |
0 |
0 |
0 |
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Mid-term Exams (Written, Oral, etc.) |
1 |
2 |
2 |
|
Final Exam |
1 |
2 |
2 |
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Total Workload: | 52 |
| Total Workload / 25 (h): | 2.08 |
| ECTS Credit: | 2 |
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