COURSE DESCRIPTION AND APPLICATION INFORMATION

Course Name Code Semester T+A+L (hour/week) Type (C / O) Local Credit ECTS
Introduction to Economics II ECON 102 Spring 03+00+00 Compulsory 3 5
Academic Unit: Department of Economics
Mode of Delivery: Face to face
Prerequisites: None
Language of Instruction: English
Level of Course Unit: Undergraduate
Course Coordinator: - -
Course Objectives: 1. To recognize the essential elements and terminology of economics. 2. To identify the basic economic problems households, companies, and countries face. 3. To evaluate potential solutions to these problems by applying the key economic principles.
Course Contents: This course emphasizes the microeconomics approach concerning households, firms, and market structures, focusing on price determination. The course also discusses issues related to international trade and labor markets.
Learning Outcomes of the Course Unit (LO):
  • 1- Interpret and apply principles, theories, concepts, and analytical methods of economics.
  • 2- Analyze economic data using quantitative skills.
  • 3- Understand economic policies' significance and critically evaluate their use.
  • 4- Make alternative policy recommendations.
  • 5- Work in groups
  • 6- Appreciate ethical aspects of economics within the broader social sciences.
  • 7- Interpret graphs, tables, and diagrams.
Planned Learning Activities and Teaching Methods: Face to face.


WEEKLY SUBJECTS AND RELATED PREPARATIONS

WeekSubjectsRelated Preperation
1 What is Capitalism? Chapter 1, CORE
2 Prosperity, inequality, and planetary limits Chapter 1, CORE
3 Technology and incentives Chapter 2, CORE
4 Doing the best you can: Scarcity, well-being, and working hours Chapter 3, CORE
5 Strategic interactions and social dilemmas Chapter 4, CORE
6 Strategic interactions and social dilemmas Chapter 4, CORE
7 The rules of the game: Who gets what and why Chapter 5, CORE
8 The firm and its employees Chapter 6, CORE
9 The firm and its employees Chapter 6, CORE
10 The firm and its customers Chapter 7, CORE
11 Supply and demand: Markets with many buyers and sellers Chapter 8, CORE
12 Supply and demand: Markets with many buyers and sellers Chapter 8, CORE
13 Lenders, borrowers, and differences in wealth Chapter 9, CORE
14 Market successes and failures: The societal effects of private decisions Chapter 10, CORE


REQUIRED AND RECOMMENDED READING

The Economy 2.0: Microeconomics – E-book: https://www.core-econ.org/project/the-economy-2-0-microeconomics/


OTHER COURSE RESOURCES

“Economics” by Paul Krugman and Robin Wells, 4th Edition. 2015 Macmillan Learning. ISBN-13: 978-1-4641-4384-7.


ASSESSMENT METHODS AND CRITERIA

Semester RequirementsNumberPercentage of Grade (%)
Attendance / Participation 14 20
Midterms / Oral Exams / Quizes 1 40
Final Exam 1 40
Total: 16 100


WORKLOAD

EventsCountDuration (Hours)Total Workload (hour)
Course Hours14342
Extra-Class Activities (reading,individiual work, etc.)14342
Midterms / Oral Exams / Quizes12020
Final Exam12121
Total Workload (hour):125


THE RELATIONSHIP BETWEEN COURSE LEARNING OUTCOMES (LO) AND PROGRAM QUALIFICATIONS (PQ)

# PQ1 PQ2 PQ3 PQ4 PQ5 PQ6 PQ7 PQ8 PQ9 PQ10 PQ11 PQ12
LO1                        
LO2                        
LO3                        
LO4                        
LO5                        
LO6                        
LO7