Mechanical Engineering

Introduction to economics, economic considerations, definition of economics and its relation to other sciences, economic systems, population issues and economic growth, operation of price mechanism, supply-demand laws and economic decision making units, production, production costs and production factors, nature, labor, capital, Initiatives and types, Labor force and unemployment problems, international labor flows, Banks and money, inflation, deflation and devaluation, Foreign capital, multinational companies, Commodity exchanges, Electronic commerce.

To explain the basic principles of economic science and the rationale of economic thought which is too open to be denied its contribution in the economic, social and technological development of the age. Explanation of basic rules for reviewing and interpreting economic events, price mechanism and examination of prices. Investigation of production, costs and production factors together with the enterprise and its types. Money and bank issues and some actual developments analysis. International economic issues, multinational companies, foreign investment, and Turkey market practices, to inform students about the national income.