COURSE INFORMATION Course Title: INTRODUCTION TO ECONOMICS I

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
ECO 101	B	1	3	0	0	3	5

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Agim Kukeli , E-304 stop by or email for an appointment
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Compulsory
Classroom and Meeting Time:	E/110; Tuesday 11:30 - 14:15
Course Description:	Introduction to Economics I: This is an introductory microeconomics course. The aim of the course is to develop an understanding of elementary microeconomic analysis and its applications. By the end of the term, the student will have acquired a basic understanding of the main microeconomic topics, including analysis of the consumer, the firm, the economics of public sector and product markets. The material covered as part of this course will help students to organize their ideas about economics.
Course Objectives:	This is an introductory economics course. The aim of the course is to develop an understanding of elementary economic analysis and its applications. By the end of the term, the student will have acquired a basic understanding of the main economic topics, including analysis of the consumer, the firm, the economics of public sector and product markets. The material covered as part of this course will help students to organize their ideas about economics.

COURSE OUTLINE

Week	Topics
1	Introduction to Economics I (Syllabus and other technical details). Ten Principles of Economics
2	Thinking like an economist
3	Interdependence and the gains from trade
4	The market forces of supply and demand
5	Elasticity and its application
6	Supply, demand and government policies
7	Consumers, Producers, and the Efficiency of Markets
8	Midterm Exam Week
9	The costs of production
10	Firms in Competitive Markets
11	Monopoly
12	Monopolistic Competition
13	Oligopoly
14	Frontiers in Microeconomics

Prerequisite(s):	-
Textbook:	Gregory Mankiw (2015) Principles of Microeconomics, 8-th Edition, Cengage
Other References:	Khan Academy [www.khanacademy.org/]
Laboratory Work:	-
Computer Usage:	-
Others:	No

COURSE LEARNING OUTCOMES

1	Learning of basic economic concepts
2	Learning of using tools of economics
3	Understanding of market concept
4	Understanding logic of economics
5	Decision making in the market by consumers and producers
6	The students gain the ability to look at the problems of daily life from a broader perspective of economics.
7	They gain the needed skills not only to understand economic problems and to address them as an economist.
8	They are introduced to the concepts such as interdependence and trading.
9	They gain the needed skills to express graphically the concepts of supply and demand.
10	They gain introductory economics knowledge and to raise the practical use of this knowledge.

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Bachelor in Business Informatics (3 years) Program

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Homework	10	2
Midterm Exam(s)	1	20
Final Exam	1	30
Attendance		10
Other	10	2
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	16	3	48
Hours for off-the-classroom study (Pre-study, practice)	15	2	30
Mid-terms	1	15	15
Assignments	0		0
Final examination	1	20	20
Other	2	6	12
Total Work Load:			125
Total Work Load/25(h):			5
ECTS Credit of the Course:			5