Course Code & Number
ECON 101-O
Credit Hours/ ECTS Credits
(3+1+0) 4 TEDU Credits, 6 ECTS Credits
Year of Study:
First Year
Type of Course:
Compulsory
Mode of Delivery:
Face-to-face
Language of Instruction:
English
Pre-requisite / Co-requisite:
Pre-requisites: NONE
Co-requisites: NONE
Catalog Description
Introduction to the principles of economics. Economic actors. Gains from trade. Supply and demand. Government intervention. Firm behavior in output markets. Market structures.
Course Objectives
The core learning objectives for the course are to demonstrate understanding of the fundamental microeconomic concepts. At the end of the course students will be able to critically analyze and interpret economic data; apply economic reasoning to analysis of current events and case readings.
Software Usage
Students will use MS Office applications (Word, Excel, Access, Power point) to work on their weekly assignments about 2 hours a week.
Course Learning Outcomes
Upon succesful completion of this course, a student will be able to
1. Demonstrate their understanding of how markets clear through the interaction of supply and demand.
2. Describe different market structures, their similarities and differences.
3. Show graphically and algebraically how firms respond to changing demand and costs.
4. Explain gains from trade by using comparative advantage concept.
5. Explain graphically and algebraically the consequences of government intervention in the form of price controls and indirect taxes.
6. Use economic analysis to evaluate current social and political issues and policies
Learning Activities and Teaching Methods:
Telling/Explaining
Discussion/Debate
Questioning
Reading
Demonstrating
Problem Solving
Case Study/Scenarion Analysis
Video Presentations
Oral Presentations/Reports
Web Searching
Experiments
Assessment Methods and Criteria:
Test / Exam
Quiz
Oral Questioning
Case Studies / Homework
Presentation (Oral/Poster)
Assessment Methods and Criteria Others:
Recommended Reading
1. Taylor, J. and A. Weerapana, Principles of Economics. 7th ed., Cengage Learning, Badsworth
CA, 2012
2. Case. K. E. and R. C. Fair, Principles of Economics. Pearson Prentice Hall Press, New York,
2009
3. The Economist, Weekly Journal
4. Newspapers
Required Reading
1. Hubbard, R. G. and A. O’Brien, Economics. 4th Edition, Pearson Prentice Hall Press,New York,
2011
Grading
Homeworks - 20%
Active in Class Participation - 10%
Projects - 20%
Midterm Exam - 20%
Final Exam - 30%
Learning Activities and Teaching Methods Others:
Course & Program Learning Outcome Matching:
