COURSE INFORMATION
Course 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.