EPOKA UNIVERSITY
FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES
DEPARTMENT OF BUSINESS ADMINISTRATION
COURSE SYLLABUS
2024-2025 ACADEMIC YEAR
COURSE INFORMATIONCourse Title: INTRODUCTION TO ECONOMICS I |
| Code | Course Type | Regular Semester | Theory | Practice | Lab | Credits | ECTS |
|---|---|---|---|---|---|---|---|
| ECO 101 | A | 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) | Prof.Dr. Güngör Turan gturan@epoka.edu.al |
| 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 |
| Language: | English |
| Compulsory/Elective: | Compulsory |
| Study program: (the study for which this course is offered) | Bachelor in Business Informatics (3 years) |
| Classroom and Meeting Time: | E213 13.40-16.30 PM on Mondays |
| Teaching Assistant(s) and Office Hours: | NA |
| 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 | macro economics |
| 4 | firm theory |
| 5 | markets |
| 6 | demand and supply |
| 7 | market price |
| 8 | consumer behavior |
| 9 | production and cost analysis |
| 10 | competition |
|
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 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. | 4 |
| 4 | Develop an open minded-attitude through continuous learning and team-work. | 4 |
| 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. | 3 |
| 7 | Provide solutions to complex information technology problems. | 3 |
| 8 | Recognize, analyze, and suggest various types of information-communication systems/services that are encountered in everyday life and in the business world. | 3 |
|
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
|
|
The student will learn how to use principles of economics. |