COURSE INFORMATION
Course Title: INTRODUCTION TO ECONOMICS I
Code Course Type Regular Semester Lecture Recit. Lab Credits ECTS
ECO 101 B 1 - - - 3 5
Lecturer and Office Hours: Elena Pici
Teaching Assistant(s) and Office Hours: -
Language: English
Compulsory/Elective: Compulsory
Classroom and Meeting Time: N/A
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: ntroduction 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 OUTLINE
Week Topics
1 Teaching method, implementation of the course and summary of topics
2 Chapter 1: The fundamentals of economics
3 Chapter 2: Markets and government in a modern economy
4 Chapter 3: Basic elements of demand and supply
5 Practical session-1
6 Demand, supply and market equilibrium-1
7 Practical session-2
8 Mid-term exam
9 Demand, Supply and Market Equilibrium-2
10 Chapter 4: Price elasticity of demand and supply
11 Practical session-3/4
12 Chapter 5/6: Demand and consumer behavior/ Production and business organization
13 Chapter 7: The analysis of cost
14 Practical session-5/6
Prerequisite(s): no
Textbook: Economics, P.A.Samuelson-W.D.Nordhaus (Professors of Massachusetts Institute of Technology and Yale University), 17th ed., Mc Graw-Hill Ins.,2005, web page: http://www.mhhe.com/economics/samuelson17/
Other References:
Laboratory Work: N/A
Computer Usage: N/A
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
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution)
No Program Competencies Cont.
COURSE EVALUATION METHOD
Method Quantity Percentage
Midterm Exam(s)
1
25
Quiz
4
3.75
Final Exam
1
50
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) 1 48 48
Hours for off-the-classroom study (Pre-study, practice) 1 32 32
Mid-terms 1 31 31
Assignments
Final examination 1 14 14
Other 0
Total Work Load:
125
Total Work Load/25(h):
5
ECTS Credit of the Course:
5