INTRODUCTION TO ECONOMICS PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
UTI101	INTRODUCTION TO ECONOMICS	3	3	3	5

GENERAL INFORMATION
Language of Instruction :	Turkish
Level of the Course Unit :	BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle
Type of the Course :	Elective
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit	Prof. HAMDİ ALPER ÖZYİĞİT
Instructor(s) of the Course Unit
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	It is aimed to gain knowledge about consumption, production and formation of prices by providing an understanding of the economy in terms of both theoretical and practical.
Contents of the Course Unit:	Fundamentals of economics, introduction to microeconomics and macroeconomics, consumption in individual, firm, different markets and general equilibrium levels, production decisions and price formation.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)
Solve the impact of welfare and activity issues in economic decision-making processes.
Explain the factors affecting the determination of consumer preferences.
Explain how the markets work
Explain firm behavior for different markets.
The macro basically categorizes it on the measurement of the economy.
Compares the macro-economic process between short-term and long-term.

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	Literature Review	Definition of economics, supply and demand relation, the factors affecting supply and demand	Lecture
2	Literature Review	Production Possibilities Frontier and Economic Systems	Lecture
3	Literature Review	Supply, Demand and Market Equilibrium	Lecture
4	Literature Review	Economic Efficiency in Perfectly Competitive Market	Lecture
5	Literature Review	Consumer Equilibrium and Demand	Lecture
6	Literature Review	Demand Elasticities	Lecture
7	Literature Review	Production Technology	Lecture
8	-	MID-TERM EXAM	-
9	Literature Review	Production Costs; Production and Pricing in Perfect Competition	Lecture
10	Literature Review	Measuring the Output; Inflation; Unemployment	Lecture
11	Literature Review	Planned Expenditure and Equilibrium in Goods Market	Lecture
12	Literature Review	Equilibrium in Goods and Money Markets: IS-LM Model	Lecture
13	Literature Review	Aggregate Demand and Aggregate Supply: Macroeconomic Equilibrium	Lecture
14	Literature Review	Macroeconomy in Open Economy	Lecture
15	Literature Review	The Level of Output and Price in the Long-run: Classical Macroeconomic Model	Lecture
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Osman Z. Orhan Ve Seyfettin Erdoğan,(2013),İktisada Giriş, Kocaeli: Umuttepe Yayınları.

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Able to adopt math and science knowledge to the problems of Mechatronic Engineering.	0

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Can use the scientific methods to solve problems of Mechatronic Engineering.	0
2	Able to plan experiment, build hardware, collect data using modern devices and analyze data.	0

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Can define, scientize and solve the actual mechatronics problems.	0

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Use modern tools such as softwares in engineering design and analysis.	0

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Prone to work in interdisciplinary teams and be a team leadership.	0

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Able to find solutions that meet technical and economical expectations when designing a system with components.	0
2	Can approach with a global perspective to Mechatronics Engineering.	0
3	Able to keep up to date of self-awarness in the field.	0
4	Can follow academic and industrial developments related Mechatronics Engineering.	0

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Able to work in the field, interdisciplinary and multidisciplinary environments.	0
2	Have written and verbal communication skills in Turkish and English.	0

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Have professional and ethical values and sensitive to these.	0
2	Sensitive to health and safety issues in Mechatronic Engineering.	0
3	Sensitive to social, environmental and economic factors in professional activities.					4

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT
Workload for Learning & Teaching Activities
Type of the Learning Activites	Learning Activities (# of week)	Duration (hours, h)	Workload (h)
Lecture & In-Class Activities	14	3	42
Preliminary & Further Study	14	2	28
Land Surveying	0	0	0
Group Work	0	0	0
Laboratory	0	0	0
Reading	14	1	14
Assignment (Homework)	0	0	0
Project Work	0	0	0
Seminar	0	0	0
Internship	0	0	0
Technical Visit	0	0	0
Web Based Learning	0	0	0
Implementation/Application/Practice	0	0	0
Practice at a workplace	0	0	0
Occupational Activity	0	0	0
Social Activity	0	0	0
Thesis Work	0	0	0
Field Study	0	0	0
Report Writing	0	0	0
Final Exam	1	1	1
Preparation for the Final Exam	3	15	45
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	2	10	20
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	49	0	151