FACULTY OF ENGINEERING
Department of Aerospace Engineering
GEEC 203 | Course Introduction and Application Information
Course Name |
Principles of Economics
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
GEEC 203
|
Fall/Spring
|
3
|
0
|
3
|
6
|
Prerequisites |
None
|
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Course Language |
English
|
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Course Type |
Service Course
|
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Course Level |
First Cycle
|
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Mode of Delivery | - | |||||
Teaching Methods and Techniques of the Course | - | |||||
Course Coordinator | ||||||
Course Lecturer(s) | ||||||
Assistant(s) |
Course Objectives | This course provides basic knowledge of micro and macroeconomics. The overall purpose of this course is to introduce the student to the concept of a market economy and to investigate how scarce resources are allocated under a price mechanism.Microeconomics topics such as market economies, demand, supply, consumer theory, the theory of the firm, perfect competition; and basic topics in macroeconomics such as national income, employment, unemployment, inflation and economic growth are analyzed. |
Learning Outcomes |
The students who succeeded in this course;
|
Course Description | This course provides an introduction to basic models and concepts in microeconomics and macroeconomics. Basic topics in microeconomics analyzed in this course include an introduction to market economies, supply and demand, consumer theory, the theory of the firm, perfect competition. Basic topics in macroeconomics analyzed in this course include national income, employment, unemployment, inflation, and economic growth. |
|
Core Courses | |
Major Area Courses | ||
Supportive Courses | ||
Media and Management Skills Courses | ||
Transferable Skill Courses |
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
Week | Subjects | Related Preparation |
1 | Introduction: What is Economy | - |
2 | Capitalist Revolution | The Economy, The Core Project, Unit 1 |
3 | Technology and Population | The Economy, The Core Project, Unit 2 |
4 | Scarcity, Work and Choice | The Economy, The Core Project, Unit 3 |
5 | The Firm: Owners, Managers and Employees | The Economy, The Core Project, Unit 6 |
6 | The Firm and Its Customers | The Economy, The Core Project, Unit 7 |
7 | Supply and Demand: Price Taking and Competitive Markets | The Economy, The Core Project, Unit 8 |
8 | Supply and Demand: Price Taking and Competitive Markets | The Economy, The Core Project, Unit 8 |
9 | Midterm | |
10 | Economic Fluctuations and Unemployment | The Economy, The Core Project, Unit 13 |
11 | Unemployment and Fiscal Policy | The Economy, The Core Project, Unit 14 |
12 | Unemployment and Fiscal Policy | The Economy, The Core Project, Unit 14 |
13 | Inflation and Monetary Policy | The Economy, The Core Project, Unit 15 |
14 | Technological Progress, Unemployment and Living Standards In the Long-Run | The Economy, The Core Project, Unit 16 |
15 | Review of the Semester | |
16 | Review of the Semester |
Course Notes/Textbooks | The Economy, Econ Core Project http://www.core-econ.org A free open-source textbook with additional materials. Please get registestered on the book website. |
Suggested Readings/Materials |
EVALUATION SYSTEM
Semester Activities | Number | Weigthing |
Participation |
16
|
10
|
Laboratory / Application | ||
Field Work | ||
Quizzes / Studio Critiques | ||
Portfolio | ||
Homework / Assignments |
4
|
20
|
Presentation / Jury | ||
Project | ||
Seminar / Workshop | ||
Oral Exams | ||
Midterm |
1
|
30
|
Final Exam |
1
|
40
|
Total |
Weighting of Semester Activities on the Final Grade |
21
|
60
|
Weighting of End-of-Semester Activities on the Final Grade |
1
|
40
|
Total |
ECTS / WORKLOAD TABLE
Semester Activities | Number | Duration (Hours) | Workload |
---|---|---|---|
Theoretical Course Hours (Including exam week: 16 x total hours) |
16
|
3
|
48
|
Laboratory / Application Hours (Including exam week: '.16.' x total hours) |
16
|
0
|
|
Study Hours Out of Class |
15
|
2
|
30
|
Field Work |
0
|
||
Quizzes / Studio Critiques |
0
|
||
Portfolio |
0
|
||
Homework / Assignments |
4
|
12
|
48
|
Presentation / Jury |
0
|
||
Project |
0
|
||
Seminar / Workshop |
0
|
||
Oral Exam |
0
|
||
Midterms |
1
|
12
|
12
|
Final Exam |
1
|
30
|
30
|
Total |
168
|
COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP
#
|
Program Competencies/Outcomes |
* Contribution Level
|
||||
1
|
2
|
3
|
4
|
5
|
||
1 | To have theoretical and practical knowledge that have been acquired in the area of Mathematics, Natural Sciences, and Aerospace Engineering. |
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2 | To be able to assess, analyze and solve problems by using the scientific methods in the area of Aerospace Engineering. |
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3 | To be able to design a complex system, process or product under realistic limitations and requirements by using modern design techniques. |
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4 | To be able to develop, select and use novel tools and techniques required in the area of Aerospace Engineering. |
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5 | To be able to design and conduct experiments, gather data, analyze and interpret results. |
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6 | To be able to develop communication skills, ad working ability in multidisciplinary teams. |
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7 | To be able to communicate effectively in verbal and written Turkish; writing and understanding reports, preparing design and production reports, making effective presentations, giving and receiving clear and understandable instructions. |
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8 | To have knowledge about global and social impact of engineering practices on health, environment, and safety; to have knowledge about contemporary issues as they pertain to engineering; to be aware of the legal ramifications of Aerospace Engineering solutions. |
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9 | To be aware of professional and ethical responsibility; to have knowledge about standards utilized in engineering applications. |
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10 | To have knowledge about industrial practices such as project management, risk management, and change management; to have awareness of entrepreneurship and innovation; to have knowledge about sustainable development. |
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11 | To be able to collect data in the area of Aerospace Engineering, and to be able to communicate with colleagues in a foreign language (‘‘European Language Portfolio Global Scale’’, Level B1). |
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12 | To be able to speak a second foreign language at a medium level of fluency efficiently. |
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13 | To recognize the need for lifelong learning; to be able to access information, to be able to stay current with developments in science and technology; to be able to relate the knowledge accumulated throughout the human history to Aerospace Engineering. |
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
NEWS |ALL NEWS
NASA Space Conference
On 2-3 May 2024, the Department of Aerospace Engineering received a visit from Mr. Jay Trimble from NASA Ames Research Center in Silicon Valley, California.
Prof. Pasquale's visit
Prof. Pasquale Daponte from the University of Benevento Sannio, Italy visited our Aerospace Engineering department during the period from 07.03 to 10.03 to discuss
Presentation of Prof. Slawomir Szrama
Prof. Slawomir Szrama visited our university and Aerospace Engineering department during period from 04.03.2024 to 08.03.2024. He gave a talk about "Neural Networks
Technical Trip of The Aerospace Engineering Department to Gaziemir
A technical trip was conducted to the Aviation Sciences laboratories of the Air Force Non-Commissioned Officer Vocational School affiliated with the National
Award-winning helicopters promoted in Azerbaijan
Izmir University of Economics (IUE) students, who managed to receive awards at TEKNOFEST two years in a row with the cargo transport
ECO-Dynamics places second in Teknofest Helicopter Design Competition with their attack helicopter
The "ECO-Dynamics" team, consisting of 7 students, Pınar Akın, Eda Nur Tetik, Kutlu Akar, Melisa Gündoğdu, Mehmet Ali Tekin, Tuna Deniz ve
They came second with the helicopter design
The ‘ECO-Dynamics’ team, consisting of 7 students from Izmir University of Economics (IUE) Department of Aerospace Engineering,