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Course Name : Introduction to Economics

Degree: Associate

Code

Year/Semester

Local Credits

ECTS Credits

Course Implementation, Hours/Week

Course

Tutorial

Laboratory

DECK 1316

1/1 (Fall)

3

4

3

Department

Instructors

Contact Information

Office Hours

Web page

www.pirireis.edu.tr

Course Type

 Compulsory

Course Language

Turkish

Course Prerequisites

  -

Course Category by Content, %

Basic Sciences

Engineering Science

Engineering Design

Humanities

100

Course Description

Economic reasoning; basic concepts and processes in microeconomics and macro economics; identification and discussion of current economic issues with a view towards applications in maritime economics.

Course Objectives

1, Introduce basic economic concepts.

2. Improve critical thinking and problem solving skills in economics..

3. To give students a familiarity with main features of the national and international economy in general and maritime economy in particular, as well as the economic issues of the day.

Course Learning Outcomes

1. Know  the language and terminology used in economics
2. Understanding  discussions of economic problems and issues in the popular  and business media.
3. Use simple economic models to analyze events, policy problems and business strategy.
4. Discuss the main economic issues of the day and understand the role of the main economic institutions in those issues.

Instructional Methods and Techniques

Lecture, discussion and problem sessions

Tutorial Place

Co-term Condition

Textbook

Other References

Homework & Projects

Laboratory Work

Computer Use

Other Activities

Assessment Criteria

Activities

Quantity

Effects on Grading, %

Attendance

Midterm

1

40

Quiz

Homework

Term Paper/Project

Laboratory Work

Practices

Tutorial

Seminar

Presentation

Field Study

Final Exam

1

60

TOTAL

100%

Effects of Midterm on Grading, %

40%

Effects of Final on Grading, %

60%

TOTAL

100%

Week

Topics

Course Outcomes

1

Economics: Foundations and Models

I

2

Thinking Like an Economist. Method and Analytical Tools

I-II

3

Market Economy: Supply and Demand  Mechanism

II-III

4

Efficiency  of  Markets , Regulation and Government Policies..

II-III

5

International Trade.

II-III

6

The Economics of the Public Sector

II-III

7

The Theory of Consumer Choice; Utility Maximisation

II-III

8

The Costs of Production ,Firm Equilibrium- Profit Maximisation  and Competitive Markets.

I-II-III

9

Midterm

10

Macroeconomics: Basic Principles and Concepts

III

11

Measuring the National  Income and the Cost of  Living

I-II-III-IV

12

Basic Macroeconomic Issues and Policies 

II-IV

13

The Theory and Policy of  Money and  Monetary System

II-IV

14

A Macroeconomic Model of the Open Economy

III-IV

Program Outcomes

Level of Contribution

1

2

3

a

An ability to apply knowledge of mathematics, science, and engineering

X

b

An  ability to design and conduct experiments, as well as to analyze and interpret data

X

c

An ability to design a system, component or process to meet desired needs

X

d

Ability to function on multi-disciplinary teams

X

e

An ability to identify, formulate, and solve engineering problems

X

f

An understanding of professional and ethical responsibility

X

g

An ability to communicate effectively

X

h

The broad education necessary to understand the impact of engineering solutions in a global and societal context

X

i

A recognition of the need for, and an ability to engage in life-long learning

X

j

A knowledge of contemporary issues

X