Information Package / Course Catalogue
Engineering Economics
Course Code: FE407
Course Type: Required
Couse Group: First Cycle (Bachelor's Degree)
Education Language: English
Work Placement: N/A
Theory: 2
Prt.: 0
Credit: 2
Lab: 0
ECTS: 2
Objectives of the Course

The aim of this course is to introduce basic economic concepts and indicators to food engineers and to provide them with the necessary information for economic analysis and decision making processes.

Course Content

Basic economic principles and fundamentals of microeconomics and macroeconomics, markets, demand and supply concepts, elasticity, cost analysis, gross national product, inflation, money and money supply.

Name of Lecturer(s)
Learning Outcomes
1.Food engineers have knowledge on basic economic concepts and indicators
2.Explain the place and importance of economic analysis in engineering design
3.Learning the concepts of demand, supply and market equilibrium
4.Learning basic macroeconomic problems
5.Learning the concepts related to production and production costs
Recommended or Required Reading
1.Park, C. S. (2004). Fundamentals of engineering economics. Upper Saddle River, NJ: Pearson/Prentice Hall.
2.Blank, L. T., & Tarquin, A. J. (2008). Basics of engineering economy. New York: McGraw-Hill Higher-Education.
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction, scope and methodology of economics
Week 2 - Theoretical
Basic concepts of economics
Week 3 - Theoretical
Factors of production, consumption, utility (total and marginal utility) and value
Week 4 - Theoretical
Demand, supply and market equilibrium
Week 5 - Theoretical
Supply and demand applications
Week 6 - Theoretical
Elasticities of supply and demand
Week 7 - Theoretical
Consumer and producer equilibrium
Week 8 - Theoretical
Production costs and economies of scale in the short run
Week 9 - Theoretical
Market Types and Perfect Competition Market
Week 10 - Theoretical
Introduction to Macroeconomics
Week 11 - Theoretical
Unemployment, Inflation and Long Run Growth
Week 12 - Theoretical
Unemployment, unemployment types and problems (Phillips Curve, Okun's Law etc.)
Week 13 - Theoretical
Turkey's Macroeconomic Indicators
Week 14 - Theoretical
Inflation, Types and Types of Inflation, Deflation, Stangflation, Money and Banking
Assessment Methods and Criteria
Type of AssessmentCountPercent
Attending Lectures1%10
Project1%20
Midterm Examination1%30
Final Examination1%40
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory140228
Project1112
Midterm Examination1628
Final Examination18210
TOTAL WORKLOAD (hours)48
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
OÇ-1
4
3
OÇ-2
5
4
3
OÇ-3
4
3
OÇ-4
4
3
OÇ-5
3
3
Adnan Menderes University - Information Package / Course Catalogue
2026