EPOKA UNIVERSITY
FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES
DEPARTMENT OF ECONOMICS
COURSE SYLLABUS
COURSE INFORMATIONCourse 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: | Erinda Imeraj , Wednesday 11:00- 13:00 |
| 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: | Tuesday 13:45 / E 110 |
| 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: | 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 and analyzing factor. |
|
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 |
| 4 | Practical Session |
| 5 | Price elasticity of demand and supply |
| 6 | Demand and Consumer Behavior |
| 7 | Quiz 1 + Practical Session |
| 8 | Midterm Exam |
| 9 | Production and Business Organization |
| 10 | Analysis of Costs |
| 11 | Practical Session |
| 12 | Analysis of Perfectly Competitive Markets |
| 13 | Imperfect Competition and Monopoly |
| 14 | Quiz 2 + Practical Session - Review before Final Exam |
| Prerequisite(s): | NA |
| Textbook: | Economics, P.A.Samuelson-W.D.Nordhaus , 19th ed., Mc Graw-Hill Ins.,2019 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 the differences and decision making process in different market structures. |
|
COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES
(Blank : no contribution, 1: least contribution ... 5: highest contribution) |
| No | Program Competencies | Cont. |
| Bachelor in Business Informatics (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 | Integrate different skills and approaches to be used in decision making and data management. | 5 |
| 6 | Combine computer skills with managerial skills, in the analysis of large amounts of data. | 5 |
| 7 | Provide solutions to complex information technology problems. | 5 |
| 8 | Recognize, analyze, and suggest various types of information-communication systems/services that are encountered in everyday life and in the business world. | 5 |
|
COURSE EVALUATION METHOD
|
| Method | Quantity | Percentage |
| Midterm Exam(s) |
1
|
20
|
| Quiz |
2
|
5
|
| Lab/Practical Exams(s) |
4
|
5
|
| Final Exam |
1
|
50
|
| 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 | ||