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 , E309 stop by or email for appointments
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-B010 at 08:45
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:	This is an introductory economics course. The aim of the course is to develop an understanding of elementary economic analysis and its applications. By the end of the term, the student will have acquired a basic understanding of the main economic 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	Ten Principles of Economics, Teaching method, implementation of the course
2	Thinking like an economist
3	Interdependence and the gains from trade
4	The market forces of supply and demand
5	Elasticity and its application
6	Supply, demand and government policies
7	Consumers, producers and the efficiency of the markets
8	MIdterm
9	Externalities
10	Public goods and common resources
11	The design of the tax system
12	The costs of production
13	Firms in competitive markets
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 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.	4
3	They have knowledge about the money and banking.	4
4	They have knowledge about the international finance and banking.	4
5	They have ability to use mathematical and statistical methods in banking and finance.	4
6	They know how to use computer programs in both daily office usage and statistical data evaluations in banking and finance department.	4
7	They have necessary banking and finance skills that needed in private and public sector.	4
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.	4

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Homework	2	5
Midterm Exam(s)	1	20
Presentation	1	10
Project	1	20
Final Exam	1	30
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	0		0
Final examination	1	20	20
Other	2	6	12
Total Work Load:			125
Total Work Load/25(h):			5
ECTS Credit of the Course:			5