COURSE INFORMATION
Course Title: INTRODUCTION TO ECONOMICS II
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
ECO 102 B 2 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: Dritan Osmani , E306 Every Day 09:00-15:00
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: E214
Course Description: Introduction to Economics II: This is an introductory macroeconomics course. The aim of the course is to develop an understanding of elementary macroeconomic analysis and its applications. By the end of the term, the student should have acquired a basic understanding of the main macroeconomic topics, including national income, aggregate demand and supply, an introduction to the real economy and money and prices in the long run and some basic concepts about inflation and unemployment trade-off. The material covered in this course will help the student to organize his/her ideas about economics.
Course Objectives: Comprehending of economic life, analyzing of firm behaviors and deciding processes, analyzing of factor markets and firms deciding strategies in different markets, analyzing of firm behaviors in monopoly, monopoly competition and oligopoly markets, analyzing factor markets and macroeconomic events at the introduction level.
COURSE OUTLINE
Week Topics
1 Introduction
2 Review Principles of Microeconomics
3 Measuring Domestic Output and National Income (Ch 6)
4 The Aggregate Expenditures Model (Ch 9)
5 Aggregate Demand & Aggregate Supply (Ch 10)
6 Fiscal Policy, Deficits, and Debt (Ch 11)
7 Midterm Exam Review
8 Midterm Exam
9 Money and Banking (Ch 12)
10 Money Creation (Ch 13)
11 Interest Rates & Monetary Policy (Ch 14)
12 Practical Session & Presentations
13 Presentations
14 Final Exam Review
Prerequisite(s): NA
Textbook: Economics, Campbell R. McConnell & Stanley L. Brue
Other References: NA
Laboratory Work: NA
Computer Usage: NA
Others: No
COURSE LEARNING OUTCOMES
1 Learning of economic system and production possibilities analysis
2 Analyzing of economic deciding processes of a rational consumer in ordinal and cardinal consumption theory
3 Determination of market, demand, supply functions as mathematically and theoretically, Fixing of elasticities concerning these functions, Comprehending of state intervention on these functions
4 Learning of firm theory, production theory in short and long term, learning of rational deciding processes directed to profit maximization aim and revenue and cost functions
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
Bachelor in Business Administration (3 years) Program
1 Identify activities, tasks, and skills in management, marketing, accounting, finance, and economics. 5
2 Apply key theories to practical problems within the global business context. 5
3 Demonstrate ethical, social, and legal responsibilities in organizations. 5
4 Develop an open minded-attitude through continuous learning and team-work. 5
5 Use technology to enable business growth and sustainability. 5
6 Analyze data to make effective decisions. 5
COURSE EVALUATION METHOD
Method Quantity Percentage
Homework
3
5
Midterm Exam(s)
1
25
Presentation
1
25
Final Exam
1
25
Attendance
10
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) 16 2 32
Mid-terms 1 10 10
Assignments 0
Final examination 1 10 10
Other 1 25 25
Total Work Load:
125
Total Work Load/25(h):
5
ECTS Credit of the Course:
5