FACULTY OF FINE ARTS AND DESIGN
Department of Architecture
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 be able to offer a professional level of architectural services. |
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2 | To be able to take on responsibility as an individual and as a team member to solve complex problems in the practice of design and construction. |
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3 | To be able to understand methods to collaborate and coordinate with other disciplines in providing project delivery services.
|
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4 | To be able to understand, interpret, and evaluate methods, concepts, and theories in architecture emerging from both research and practice. |
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5 | To be able to develop environmentally and socially responsible architectural strategies at multiple scales. |
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6 | To be able to develop a critical understanding of historical traditions, global culture and diversity in the production of the built environment. |
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7 | To be able to apply theoretical and technical knowledge in construction materials, products, components, and assemblies based on their performance within building systems. |
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8 | To be able to present architectural ideas and proposals in visual, written, and oral form through using contemporary computer-based information and communication technologies and media. |
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9 | To be able to demonstrate a critical evaluation of acquired knowledge and skills to diagnose individual educational needs and direct self-education skills for developing solutions to architectural problems and design execution. |
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10 | To be able to take the initiative for continuous knowledge update and education as well as demonstrate a lifelong learning approach in the field of Architecture. |
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11 | To be able to collect data in the areas of Architecture and 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 be able to relate the knowledge accumulated throughout the human history to their field of expertise. |
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
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