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:	Erjon Gjoçi , - Tuesdays 9am - 11am or email for appointments
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Agim Kukeli
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Compulsory
Classroom and Meeting Time:	E213: 8:45 - 11:15
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:	To provide a thorough introduction to economic theory. Starting from the basic ideas of tradeoffs, opportunity cost, and the benefits of trade, we will study how the market forces of supply and demand cause prices to be what they are.

COURSE OUTLINE

Week	Topics
1	Introduction & Syllabus
2	Ch. 1 - Ten Principles of Economics & Ch. 2 - Thinking like an economist
3	Ch. 3 - Interdependence and the gains from trade
4	Ch. 4 - The market forces of supply and demand
5	Ch. 5 - Elasticity and its application & Ch. 6 - Supply, demand and government policies
6	Ch. 7 - Consumers, producers and the efficiency of the markets
7	Ch. 8 - App. The cost of taxation & Ch. 9 - App. International Trade
8	Midterm
9	Midterm Review & Ch. 10 - Externalities
10	Ch. 11 - Public goods and common resources & Ch. 12 - The design of the tax system
11	Ch. 13 - Cost of Production
12	Ch. 14 - Firms in Competitive Market & Ch. 15 - Monopoly
13	Ch. 17 - Oligopoly & Final Review
14	Final Exam

Prerequisite(s):	-
Textbook:	Principles of Economics, Gregory Mankiw
Other References:
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 International Marketing and Logistics Management (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	Synthesize creativity needed for marketing notion with scientific method and numerical skills, for achieving business sustainability.	5
7	Apply the concepts and structures of modern marketing in global context at private and public sectors.	5
8	Integrate the management of logistics, supply chain and in total operations with corporate goals and strategies.	5

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Homework	3	5
Midterm Exam(s)	1	20
Project	1	30
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)	15	2	30
Mid-terms	1	15	15
Assignments	3	4	12
Final examination	1	20	20
Other	0	0	0
Total Work Load:			125
Total Work Load/25(h):			5
ECTS Credit of the Course:			5