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
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
General Review
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
Demonstrates a basic level of understanding in related disciplines (such as economics, sociology, psychology, quantitative sciences, etc.) that form a foundation for business administration, and makes use of and applies them to the field of business.
PO-2
Applies mathematical, scientific and social knowledge to business problems.
PO-3
Demonstrates a basic level of understanding in business functions and management (such as management, production, marketing, accounting, finance, human resources, behavioural sciences, etc.) and interprets the theoretical arguments focusing on interactions between the actors and the cultures in the field.
PO-4
Determines how to use acquired theoretical and practical knowledge and skills related to business in application and field analysis and applies them.
PO-5
Identifies and evaluates the relations in the field of business; describes the problems and presents analytical solutions through modelling and interpreting (critical thinking).
PO-6
Designs a business process in any functional stage that complies with identified objectives.
PO-7
Develops effective business communication skills (written-verbal/formal-informal).
PO-8
Owns effective working skills individually or on a team in business and multidisciplinary fields.
PO-9
Acts with a sense of professional and ethical responsibility.
PO-10
Improves effective verbal and written communication skills in English, and acquires competence in minimum one foreign language.
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.
