EPOKA UNIVERSITY
FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES
DEPARTMENT OF ECONOMICS
COURSE SYLLABUS
2023-2024 ACADEMIC YEAR
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 |
| Main Course Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours: | Prof.Dr. Güngör Turan gturan@epoka.edu.al , 14.00-15.00 PM on Tuesdays |
| Second Course 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 |
| Study program: (the study for which this course is offered) | Bachelor in Economics (3 years) |
| Classroom and Meeting Time: | E213 13.45-16.30 PM on Mondays |
| Code of Ethics: |
Code of Ethics of EPOKA University Regulation of EPOKA University "On Student Discipline" |
| Attendance Requirement: | 75% |
| 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. |
|
BASIC CONCEPTS OF THE COURSE
|
| 1 | economics |
| 2 | micro economics |
| 3 | macroeconomics |
| 4 | markets |
| 5 | demand |
| 6 | supply |
| 7 | equilibrium |
| 8 | market price |
| 9 | consumer behavior |
| 10 | household |
|
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 | Chapter 3:Demand, supply and market equilibrium: practical session |
| 6 | Chapter 4: Price elasticity of demand and supply: practical session |
| 7 | Practical session before mid-term exam |
| 8 | Midterm exam |
| 9 | Chapter 5/6: Demand and consumer behavior/ Production and business organization |
| 10 | Chapter 7: The analysis of cost |
| 11 | Chapter 8: The analysis of perfectly competitive markets: practical session |
| 12 | Chapter 9: Imperfect competition and monopoly: practical session: practical session |
| 13 | Chapter 10: Competition among the few |
| 14 | Practical session before final exam |
| Prerequisite(s): | |
| Textbook(s): | Economics, P.A.Samuelson-W.D.Nordhaus (Professors of Massachusetts Institute of Technology and Yale University), 17th ed., Mc Graw-Hill Ins. web page:http://www.mhhe.com/economics/samuelson17/ |
| Additional Literature: | |
| Laboratory Work: | |
| Computer Usage: | internet access in the class |
| 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. |
| Bachelor in Economics (3 years) Program | ||
| 1 | Students define the fundamental problems of economics | 5 |
| 2 | Students describe key economic theories | 5 |
| 3 | Students critically discuss current developments in economics | 3 |
| 4 | Students appropriately use software for data analysis | 4 |
| 5 | Students critically contextualize the selection of an economic problem for research within scholarly literature and theory on the topic | 5 |
| 6 | Students apply appropriate analytical methods to address economic problems | 5 |
| 7 | Students use effective communication skills in a variety of academic and professional contexts | 5 |
| 8 | Students effectively contribute to group work | 4 |
| 9 | Students conduct independent research under academic supervision | 4 |
| 10 | Students uphold ethical values in data collection, interpretation, and dissemination | 3 |
| 11 | Students critically engage with interdisciplinary innovations in social sciences | 5 |
| 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
|
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 | ||
|
CONCLUDING REMARKS BY THE COURSE LECTURER
|
|
At the end of the course the class will learn principles of economics. |