The aim of this course is to provide students with the basic concepts of economics and introducing the foundations of microeconomics and macroeconomics.
Acemoglu, D., Laibson, D., & List, J. (2015). Economics, global edition. Pearson.
Other Sources
Lecture Notes
Course Schedules
Week
Contents
Learning Methods
1. Week
The Principles and the Practice of Economics
Lecture, Discussion
2. Week
Optimization
Lecture, Discussion
3. Week
Demand and Supply
Lecture, Discussion
4. Week
Market Equilibrium
Lecture, Discussion
5. Week
The Buyer’s Problem
Lecture, Discussion
6. Week
The Price Elasticity of Demand
Lecture, Discussion
7. Week
The Seller’s Problem
Lecture, Discussion
8. Week
Midterm Exam
Midterm
9. Week
Midterm Exam
Midterm
10. Week
Price Elasticity of Supply
Lecture, Discussion
11. Week
Defining and Measuring Macroeconomic Aggregates (1)
Lecture, Discussion
12. Week
Defining and Measuring Macroeconomic Aggregates (2)
Lecture, Discussion
13. Week
Employment and Unemployment
Lecture, Discussion
14. Week
Review Lecture
Lecture, Discussion
15. Week
Final
Final
16. Week
Final
Final
17. Week
Final
Final
Assessments
Evaluation tools
Quantity
Weight(%)
Midterm(s)
1
40
Final Exam
1
60
Program Outcomes
PO-1
Comprehends both theoretical and applied subjects in international trade at the advanced level, and uses his/her knowledge when necessary.
PO-2
Analyses basic concepts and data related to International Trade and Economics by scientific methods, interprets those with analytically, and evaluates those with regard to economic issues.
PO-3
Express his/her thoughts, comments and evaluations related to International Trade discipline both in written and oral forms.
PO-4
Defines current problems, and proposes solutions which are supported by evidence and research based quantitative and qualitative data.
PO-5
Inspects how public and private sector enterprises engaged in trade activities operates in practice, and evaluates the continuities and the dynamism in these sectors.
PO-6
Defines and tracks local, regional (such as European Union or Middle East) and global issues from the point of political economics, and relates these issues to each other.
PO-7
Possesses sufficient knowledge in other disciplines related to International Trade (such as Economics, Finance, International Business and Law), and reports this information.
PO-8
Follows publications and research in International Trade, Globalisation and Financial Systems in the English language, and communicates with his/her colleagues internationally.
PO-9
Uses a second language (Russian, Chinese, etc.) at the intermediate level.
PO-10
Possesses ethical principles and scientific values in collection, interpretation and release of data.
Learning Outcomes
LO-1
Define basic terms related to economics.
LO-2
Describe the fundamental laws of economics.
LO-3
Formulate the relationship between economic variables in algebraic form.
LO-4
Discuss the real world economic events with economic terms and laws.
LO-5
Interpret the relationship between economic variables.
