FACULTY OF ENGINEERING

Department of Industrial Engineering

GEEC 204 | Course Introduction and Application Information

Course Name
Modern World Economy
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
GEEC 204
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 -
Course Coordinator
Course Lecturer(s)
Assistant(s) -
Course Objectives The objective of this course is to offer a basic analytical approach to the students, who do not necessarily have a prior theoretical background in this area, so that they can understand and follow the economic developments both in the World and Turkey. In that context, students will learn the essential economic concepts and be able to see how and where these concepts are utilized. Meanwhile, the students will be exposed to the economic approaches centered on those concepts and find out how these approaches deal with the current economic issues and globalization process. Another objective of this course is to understand the main strategies developed by the decision makers and policy makers at various levels facing global economic problem
Learning Outcomes The students who succeeded in this course;
  • Learn the essential economic concepts such as national income, unemployment, inflation, interest rate, exchange rate
  • Assess economic performance of countries through essential economic concepts and to make international comparisons
  • Evaluate how emerging markets have been affected by globalization
  • Observe the link between real and financial economic activity
  • Examine how policy makers particularly in emerging markets can cope with the developments in global markets
Course Description

 



Course Category

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 and Essential Economic Concepts
2 Economic Concepts
3 Economic Concepts
4 Globalization
5 Globalization and Institutions
6 Economics Systems
7 Current Finance Structure in the World
8 Current Finance Structure in the World
9 Emerging Markets and Core Countries
10 Economics of Turkey
11 Economics of Turkey
12 Business Models
13 Business Models
14 Project
15 Project
16 Review of the Semester  

 

Course Notes/Textbooks

There is no textbook for this unit. Lecture notes will be provided.

Suggested Readings/Materials

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
1
30
Presentation / Jury
1
25
Project
Seminar / Workshop
Oral Exams
Midterm
Final Exam
1
45
Total

Weighting of Semester Activities on the Final Grade
2
55
Weighting of End-of-Semester Activities on the Final Grade
1
45
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
16
2
32
Field Work
0
Quizzes / Studio Critiques
0
Portfolio
0
Homework / Assignments
1
30
30
Presentation / Jury
1
25
25
Project
0
Seminar / Workshop
0
Oral Exam
0
Midterms
0
Final Exam
1
45
45
    Total
180

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To have adequate knowledge in Mathematics, Science and Industrial Engineering; to be able to use theoretical and applied information in these areas to model and solve Industrial Engineering problems.

2

To be able to identify, formulate and solve complex Industrial Engineering problems by using state-of-the-art methods, techniques and equipment; to be able to select and apply proper analysis and modeling methods for this purpose.

3

To be able to analyze a complex system, process, device or product, and to design with realistic limitations to meet the requirements using modern design techniques.

4

To be able to choose and use the required modern techniques and tools for Industrial Engineering applications; to be able to use information technologies efficiently.

5

To be able to design and do simulation and/or experiment, collect and analyze data and interpret the results for investigating Industrial Engineering problems and Industrial Engineering related research areas.

6

To be able to work efficiently in Industrial Engineering disciplinary and multidisciplinary teams; to be able to work individually.

7

To be able to communicate effectively in Turkish, both orally and in writing; to be able to author and comprehend written reports, to be able to prepare design and implementation reports, to present effectively; to be able to give and receive clear and comprehensible instructions

8

To have knowledge about contemporary issues and the global and societal effects of Industrial Engineering practices on health, environment, and safety; to be aware of the legal consequences of Industrial Engineering solutions.

9

To be aware of professional and ethical responsibility; to have knowledge of the standards used in Industrial Engineering practice.

10

To have knowledge about business life practices such as project management, risk management, and change management; to be aware of entrepreneurship and innovation; to have knowledge about sustainable development.

11

To be able to collect data in the area of Industrial Engineering; to be able to communicate with colleagues in a foreign language.

12

To be able to speak a second foreign at a medium level of fluency efficiently.

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 Industrial Engineering.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 


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