| 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
|
|||||
| Course Language |
English
|
|||||
| Course Type |
Service Course
|
|||||
| Course Level |
First Cycle
|
|||||
| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | - | |||||
| National Occupation Classification | - | |||||
| 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. |
| Related Sustainable Development Goals |
|
|
Core Courses | |
| Major Area Courses | ||
| Supportive Courses | ||
| Media and Management Skills Courses | ||
| Transferable Skill Courses |
| Week | Subjects | Related Preparation |
| 1 | Welcome to Economics | PoE, Chapter 1 |
| 2 | Choice in a World of Scarcity | PoE, Chapter 2 |
| 3 | Demand and Supply | PoE, Chapter 3 |
| 4 | Labor and Financial Markets | PoE, Chapter 4 |
| 5 | Elasticity | PoE, Chapter 5 |
| 6 | Consumer Choices | PoE, Chapter 6 |
| 7 | Production, Costs and Industry Structure | PoE, Chapter 7 |
| 8 | Perfect Competition | PoE, Chapter 8 |
| 9 | Midterm Exam | |
| 10 | Monopoly | PoE, Chapter 9 |
| 11 | The Macroeconomic Perspective | PoE, Chapter 19 |
| 12 | The Economic Growth | PoE, Chapter 20 |
| 13 | Unemployment | PoE, Chapter 21 |
| 14 | Inflation | PoE, Chapter 22 |
| 15 | Review of the Semester | |
| 16 | Review of the Semester |
| Course Notes/Textbooks | Principles of Economics 3e (PoE) |
| Suggested Readings/Materials |
| 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 |
| 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
|
|
#
|
Program Competencies/Outcomes |
* Contribution Level
|
|||||
|
1
|
2
|
3
|
4
|
5
|
|||
| 1 | Being able to transfer knowledge and skills acquired in mathematics and science into engineering, |
-
|
-
|
-
|
-
|
-
|
|
| 2 | Being able to identify and solve problem areas related to Food Engineering, |
-
|
-
|
-
|
-
|
-
|
|
| 3 | Being able to design projects and production systems related to Food Engineering, gather data, analyze them and utilize their outcomes in practice, |
-
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-
|
-
|
-
|
-
|
|
| 4 |
Having the necessary skills to develop and use novel technologies and equipment in the field of food engineering, |
-
|
-
|
-
|
-
|
-
|
|
| 5 |
Being able to take part actively in team work, express his/her ideas freely, make efficient decisions as well as working individually, |
-
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-
|
-
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-
|
-
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| 6 |
Being able to follow universal developments and innovations, improve himself/herself continuously and have an awareness to enhance the quality, |
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-
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-
|
-
|
-
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| 7 |
Having professional and ethical awareness, |
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| 8 | Being aware of universal issues such as environment, health, occupational safety in solving problems related to Food Engineering, |
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-
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-
|
-
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-
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| 9 |
Being able to apply entrepreneurship, innovativeness and sustainability in the profession, |
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-
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-
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-
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-
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| 10 |
Being able to use software programs in Food Engineering and have the necessary knowledge and skills to use information and communication technologies that may be encountered in practice (European Computer Driving License, Advanced Level), |
-
|
-
|
-
|
-
|
-
|
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| 11 |
Being able to gather information about food engineering and communicate with colleagues using a foreign language ("European Language Portfolio Global Scale", Level B1) |
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-
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-
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-
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-
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| 12 |
Being able to speak a second foreign language at intermediate level. |
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-
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-
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-
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-
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| 13 |
Being able to relate the knowledge accumulated during the history of humanity to the field of expertise |
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-
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-
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-
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-
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*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
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