COURSE INFORMATION Course Title: INTRODUCTION TO ECONOMICS

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
BAF 101	A	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:	Erinda Imeraj , Monday 10:30-12:30
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 213 - 11:30
Course Description:	This is an introductory microeconomics course. The aim of the course is to develop an understanding of elementary microeconomics analysis and its applications. By the end of the term, the student will have acquired a basic understanding of the main microeconomics 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:	Learning economics at the introducing level. Why we are studying economics? Why do we need science of economics? Basic concepts of economics. Tools of economics. The logic of economics. Markets and government in a modern economy. Basic elements of supply and demand. Applications of supply and demand. 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 to teaching method, implementation of the course and summary of topics
2	The fundamentals of economics & Markets and government in a modern economy
3	Demand, supply and market equilibrium + Practical Session
4	Price elasticity of demand and supply + Practical Session
5	Demand and Consumer Behavior + Quiz
6	Production and Business Organization
7	Analysis of Costs + Practical Session
8	Midterm Exam
9	Market Structure
10	Overview of Macroeconomics
11	Measuring Economic Activity + Practical Session
12	Business Fluctuations and aggregate demand + Quiz
13	Unemployment and Inflation
14	Money, Central Banking and Monetary Policy + Practical Session

Prerequisite(s):	NA
Textbook:	Economics, P.A.Samuelson-W.D.Nordhaus , 19th ed., Mc Graw-Hill Ins.,2009 Economics, M. Parkin, Pearson; 12 edition (2015)
Other References:	NA
Laboratory Work:	NA
Computer Usage:	NA
Others:	No

COURSE LEARNING OUTCOMES

1	Learning of basic economic concepts and Learning of using tools of economics.
2	Learning of economic system and production possibilities analysis
3	Analyzing of economic deciding processes of a rational consumer in ordinal and cardinal consumption theory
4	Understanding logic of economics and Decision making in the market by consumers and producers.
5	Determination of market, demand, supply functions as mathematically and theoretically, Fixing of elasticity concerning these functions, Comprehending of state intervention on these functionsDecision making in the market by consumers and producers.
6	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
7	Decision making in the market by consumers and producers.
8	Learning of macroeconomic goals and basic concepts.
9	Measuring economic activity and analyzing different economies.
10	Learning basic concepts on money, central bank and monetary theory.

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

No	Program Competencies	Cont.
Bachelor in Banking and Finance (3 years) Program
1	The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand economic problems in banking and finance but also to construct a model and defend in meaningful way.	4
2	They have knowledge about the finance and banking.	3
3	They have knowledge about the money and banking.	5
4	They have knowledge about the international finance and banking.	2
5	They have ability to use mathematical and statistical methods in banking and finance.	3
6	They know how to use computer programs in both daily office usage and statistical data evaluations in banking and finance department.	3
7	They have necessary banking and finance skills that needed in private and public sector.	3
8	They are intended to be specialist in one of departmental fields that they choose from the list of general economics, finance economics, public finance, corporate finance, finance management, international finance markets and institutions, banking and central banking, international finance and banking, money and banking, international trade and banking.	4
9	They have ability to utilize fundamental economic theories and tools to solve economic problems in banking and finance.	4
10	They are aware of the fact that banking and finance is a social science and they respect the social perspectives and social values of the society’s ethics.	3

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	25
Quiz	2	5
Lab/Practical Exams(s)	5	2
Final Exam	1	50
Attendance		5
	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	15	15
Assignments	5	3	15
Final examination	1	15	15
Other			0
Total Work Load:			125
Total Work Load/25(h):			5
ECTS Credit of the Course:			5