COURSE INFORMATION Course Title: MICROECONOMICS I

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
ECO 201	B	3	4	0	0	4	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:	Eglantina Hysa , 9.30-11.15, Tuesday
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:	09.30-13.15, Monday
Course Description:	Microeconomics I: The aim of this course is to examine the analytical framework used in microeconomics. New concepts are illustrated with entertaining and informative examples, both verbal and numerical. In addition, several purely ‘micro’ topics are illustrated with ‘macro’ applications. On the successful completion of this unit, students should have a clear understanding of the basic principles of microeconomics and with the aid of simple mathematical tools, be able to solve specific problems and answer questions appropriate to this level. Topics include supply, demand and equilibrium, the behavior of consumers, the behavior of firms, production and costs, competition welfare economics, knowledge information, monopoly, market power, collusion and oligopoly, the theory of games, external costs and benefits, common property and public goods, the demands for factors of production, the market for labor, risk and uncertainty.
Course Objectives:	The primary objective of this course is to teach students the fundamental principles and methods of modern microeconomics theory. Also to illustrate the usefulness of these principles and methods and models for studying actual microeconomics problems. Comprehending of economic life and analyzing of consumer behaviors

COURSE OUTLINE

Week	Topics
1	Introduction to Microeconomics I
2	The Market: Optimization and Equilibrium
3	Budget Constraint
4	Consumer Preferences
5	Consumer Preferences (continue)
6	Utility
7	Choice: Optimal Choice
8	Midterm Exam
9	Choice: Consumer Demand
10	Demand
11	Slutsky Equation. The Law of Demand
12	Slutsky Equation. The Law of Demand (continue)
13	Inter-temporal choice
14	Overview of the Term

Prerequisite(s):	NA
Textbook:	Intermediate Microeconomics: A Modern Approach, eighth Edition, author: Hal R. Varian, publisher: W.W. Norton & Company (2006).
Other References:	Workouts in Intermediate Microeconomics, Fifth Edition, authors: Theodore C. Bergstrom and Hal R. Varian, publisher: W.W. Norton & Company (1999) Principles of microeconomics, Karl E. Case, Ray C. Fair, Prentice Hall, 2006
Laboratory Work:	NA
Computer Usage:	NA
Others:	No

COURSE LEARNING OUTCOMES

1	Knowledge of specific concepts on microeconomics theory
2	Capability of understanding and analyzing a microeconomics model
3	Capability to build and explain an economic model

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

No	Program Competencies	Cont.
Bachelor in Economics (3 years) Program
1	Students define the fundamental problems of economics	5
2	Students describe key economic theories	4
3	Students critically discuss current developments in economics	1
4	Students appropriately use software for data analysis	2
5	Students critically contextualize the selection of an economic problem for research within scholarly literature and theory on the topic	2
6	Students apply appropriate analytical methods to address economic problems	2
7	Students use effective communication skills in a variety of academic and professional contexts	2
8	Students effectively contribute to group work	2
9	Students conduct independent research under academic supervision	2
10	Students uphold ethical values in data collection, interpretation, and dissemination	3
11	Students critically engage with interdisciplinary innovations in social sciences	2
12	Student explain how their research has a broader social benefit	5

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	40
Final Exam	1	60
	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	3	48
Mid-terms	1	14	14
Assignments			0
Final examination	1	15	15
Other			0
Total Work Load:			125
Total Work Load/25(h):			5
ECTS Credit of the Course:			5