UNI243 History of EconomicsIstinye UniversityDegree Programs Mechanical Engineering (English)General Information For StudentsDiploma SupplementErasmus Policy StatementNational Qualifications
Mechanical Engineering (English)

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Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course Introduction and Application Information

Course Code: UNI243
Course Name: History of Economics
Semester: Fall
Spring
Course Credits:
ECTS
5
Language of instruction: English
Course Condition:
Does the Course Require Work Experience?: No
Type of course: University Elective
Course Level:
Bachelor TR-NQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree
Mode of Delivery: Face to face
Course Coordinator: Doç. Dr. ÇİĞDEM GÜRSOY
Course Lecturer(s):
Course Assistants:

Course Objective and Content

Course Objectives: The aim of the course is to provide students with a basic knowledge about the historical development of economic processes and institutions, changes in production, distribution and consumption patterns and the unique development of factors of production in the world in general and Western European context in particular.
Course Content: The course starts with the introductions of several concepts and definitions in economics and economic history. Then, the economic understandings of ancient civilizations, medieval world and pre-capitalist world will be studied. Afterwards, the emergence of modern economy at the dawn of industrial revolution will be analyzed. Together with industrial revolution, modern economy with many new institutions will be introduced and modern world economy with modern civilizations will be studied until 21st century.

Learning Outcomes

The students who have succeeded in this course;
1) Have a general comprehension about the history of the world economy.
2) Learn the differences between leader and follower economies of the world economic history.
3) Comprehend the reasons for failures and successes of leading and follower nations in the history.
4) Learn the effects of government policies on markets and economic actors.

Course Flow Plan

Week Subject Related Preparation
1) Economic Development and Growth
2) Emergence of Civilization, Economies of Ancient Times
3) Agrarian ad Rural Society, Crisis of the Medieval Economy
4) The World of Islam, Ottoman State
5) Overseas Expansions, Commercial Organizations, Price Revolution
6) Mercantilism
7) Industrial Revolution, Modern Industries, Pre-Capitalist Period
8) MIDTERM
9) Technological Developments, New Institutions
10) Great Britain, USA, Belgium, France, Germany
11) Switzerland, Scandinavia, Russia, Japan, European Continent
12) Agriculture, Finance, State
13) Population, Technology and Institutions
14) Inter-War Period between WW I and WW II, Post-War Period

Sources

Course Notes / Textbooks: A Concise Economic History of the World, Oxford Univ. Press, 2nd to 5th edition. by Rondo Cameron and Larry Neal
References: Instructor’s notes on Feudalism and Capitalism

Course - Program Learning Outcome Relationship

Course Learning Outcomes

1

2

3

4

Program Outcomes
1) Build up a body of knowledge in mathematics, science and Mechanical Engineering subjects; use theoretical and applied information in these areas to model and solve complex engineering problems.
2) Identify, formulate, and solve complex Mechanical Engineering problems; select and apply proper modeling and analysis methods for this purpose.
3) Design complex Mechanical systems, processes, devices or products under realistic constraints and conditions, in such a way as to meet the desired result; apply modern design methods for this purpose.
4) Devise, select, and use modern techniques and tools needed for solving complex problems in Mechanical Engineering practice; employ information technologies effectively.
5) Design and conduct numerical or pysical experiments, collect data, analyze and interpret results for investigating the complex problems specific to Mechanical Engineering.
6) Cooperate efficiently in intra-disciplinary and multi-disciplinary teams; and show self-reliance when working on Mechanical-related problems.
7) Ability to communicate effectively in English and Turkish (if he/she is a Turkish citizen), both orally and in writing. Write and understand reports, prepare design and production reports, deliver effective presentations, give and receive clear and understandable instructions.
8) Recognize the need for life-long learning; show ability to access information, to follow developments in science and technology, and to continuously educate oneself.
9) Develop an awareness of professional and ethical responsibility, and behave accordingly. Be informed about the standards used in Mechanical Engineering applications.
10) Learn about business life practices such as project management, risk management, and change management; develop an awareness of entrepreneurship, innovation, and sustainable development.
11) Acquire knowledge about the effects of practices of Mechanical Engineering on health, environment, security in universal and social scope, and the contemporary problems of Mechatronics engineering; is aware of the legal consequences of Mechanical engineering solutions.

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Average 3 Highest
       
Program Outcomes Level of Contribution
1) Build up a body of knowledge in mathematics, science and Mechanical Engineering subjects; use theoretical and applied information in these areas to model and solve complex engineering problems.
2) Identify, formulate, and solve complex Mechanical Engineering problems; select and apply proper modeling and analysis methods for this purpose.
3) Design complex Mechanical systems, processes, devices or products under realistic constraints and conditions, in such a way as to meet the desired result; apply modern design methods for this purpose.
4) Devise, select, and use modern techniques and tools needed for solving complex problems in Mechanical Engineering practice; employ information technologies effectively.
5) Design and conduct numerical or pysical experiments, collect data, analyze and interpret results for investigating the complex problems specific to Mechanical Engineering.
6) Cooperate efficiently in intra-disciplinary and multi-disciplinary teams; and show self-reliance when working on Mechanical-related problems.
7) Ability to communicate effectively in English and Turkish (if he/she is a Turkish citizen), both orally and in writing. Write and understand reports, prepare design and production reports, deliver effective presentations, give and receive clear and understandable instructions.
8) Recognize the need for life-long learning; show ability to access information, to follow developments in science and technology, and to continuously educate oneself.
9) Develop an awareness of professional and ethical responsibility, and behave accordingly. Be informed about the standards used in Mechanical Engineering applications.
10) Learn about business life practices such as project management, risk management, and change management; develop an awareness of entrepreneurship, innovation, and sustainable development.
11) Acquire knowledge about the effects of practices of Mechanical Engineering on health, environment, security in universal and social scope, and the contemporary problems of Mechatronics engineering; is aware of the legal consequences of Mechanical engineering solutions.

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Midterms 1 % 40
Final 1 % 60
total % 100
PERCENTAGE OF SEMESTER WORK % 40
PERCENTAGE OF FINAL WORK % 60
total % 100

Workload and ECTS Credit Calculation

Activities Number of Activities Preparation for the Activity Spent for the Activity Itself Completing the Activity Requirements Workload
Course Hours 14 1 3 56
Study Hours Out of Class 14 0 2 28
Midterms 1 15 1 16
Final 1 25 1 26
Total Workload 126