22ZP23 - Engineering Economy
| Course specification | ||||
|---|---|---|---|---|
| Course title | Engineering Economy | |||
| Acronym | 22ZP23 | |||
| Study programme | Biochemical Engineering and Biotechnology,Environmental Engineering,Material Engineering,Metallurgical Enginering | |||
| Module | ||||
| Lecturer (for classes) | ||||
| Lecturer/Associate (for practice) | ||||
| Lecturer/Associate (for OTC) | ||||
| ESPB | 3.0 | Status | ||
| Condition | No prerequisite | Облик условљености | ||
| The goal | The objective of the course is to acquaint students with the basic categories and laws of modern market economy, with the market and the mechanisms of its functioning, as well as with different market structures of a modern market economy. | |||
| The outcome | This course should enable students to understand the functioning of a modern market economy, learn basic economic concepts, learn to think like economists and built a solid foundation that will allow them to later upgrade their knowledge in economics. | |||
| Contents | ||||
| Contents of lectures | The emergence of economics as a science through explanation of basic economic principles, economic models, the difference between micro and macroeconomics, as well as the difference between positive and normative approach; Market functioning: supply and demand analysis, the analysis of supply and demand elasticities and their implications at micro and macro levels (the impact on seller's income, price control effects and tax policies); The analysis of the economics of the public sector (external effects - externalities and the problem of public goods); Manufacturers' behavior and maximization of their profit function in conditions of perfect competition as well as in conditions of imperfect competition (monopoly, monopolistic competition and oligopoly). | |||
| Contents of exercises | Seminar classes follow the lectures and for the most part they put the emphasis on quantitative illustration of lectures and student activities. During seminars students are introduced to examples and tasks that facilitate the mastery of the course material and discussions on various topics are organized. Students are asked to explain economic problems that were covered during the lectures and to demonstrate their knowledge, understanding and application of the subject matter. | |||
| Literature | ||||
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| Number of hours per week during the semester/trimester/year | ||||
| Lectures | Exercises | OTC | Study and Research | Other classes |
| 2 | 1 | |||
| Methods of teaching | PowerPoint presentations and a board are used during lectures and seminars and students are encouraged to actively participate. Midterm exam allow students to test their knowledge and to be exempt from one part of the course material on final exam. | |||
| Knowledge score (maximum points 100) | ||||
| Pre obligations | Points | Final exam | Points | |
| Activites during lectures | 10 | Test paper | 60 | |
| Practical lessons | Oral examination | |||
| Projects | ||||
| Colloquia | 30 | |||
| Seminars | ||||