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Economics Course Outline

This document provides information about the Introduction to Economics course (Econ 101) offered during the first semester of the Bachelor of Science Management program. The course is compulsory and introduces basic economic concepts and principles. It aims to familiarize students with microeconomic and macroeconomic analysis. The course is worth 5 credit points and involves 2 hours of lectures and 2 hours of tutorials per week, for a total student workload of 150 hours. Assessment includes quizzes, midterm, coursework, presentation, and a final exam. Recommended textbooks and relevant websites are also listed.

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151 views4 pages

Economics Course Outline

This document provides information about the Introduction to Economics course (Econ 101) offered during the first semester of the Bachelor of Science Management program. The course is compulsory and introduces basic economic concepts and principles. It aims to familiarize students with microeconomic and macroeconomic analysis. The course is worth 5 credit points and involves 2 hours of lectures and 2 hours of tutorials per week, for a total student workload of 150 hours. Assessment includes quizzes, midterm, coursework, presentation, and a final exam. Recommended textbooks and relevant websites are also listed.

Uploaded by

aly
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Faculty of Management Technology

Management Technology Bachelor


Program

Introduction to Economics – Econ 101


A-Basic Information
Semester number First semester
Semester type Winter semester
Study year First Year
Course code Econ 101
Academic year 2016-2017
Program name Bachelor of Science Management
Department offering the Economics
course
Specialization Economics
Type of course Compulsory
Number of sessions/ week 1 Lecture/ week , 1 Tutorial/ week
Weekly contact hours 2 hrs./week , 2 hrs./week
Student workload 150 hrs.
Credit points (ECTS) 5 CP

B- Professional Information
Aims:

The course is a requirement for all management undergraduate students in order to familiarize
them with the basic economic concepts and principles. The course introduces the students to the various
mechanisms by which the economy operates whether on the individual and the market level (micro-
level), or on the economy-wide level (macro-level).

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Faculty of Management Technology

Management Technology Bachelor


Program

Intended Learning outcomes:


By the end of the course the student will be able to:

a- Knowledge & Understanding

a.1 explain basic economic models, theories and concepts


a.2 describe optimal choice and opportunity costs.
a.3 Identify different market structures.
a.4 recognize different sectors of the economy

b- Professional & Practical skills

b.1 solve simple economic problems using appropriate mathematical techniques.


b.2 use graphical presentation to illustrate economic behavior and theory.
b.3 interpret key economic variables.

c- Intellectual skills

c.1 evaluate and interpret the validity and consequences of basic economic models.
c.2 Point out the areas of application of economic models.

d- General & Transferable skills

d.1 employ economic reasoning to solve economic problems.


d.2 practice independent learning required to solve economic problems.

Content

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Faculty of Management Technology

Management Technology Bachelor


Program

No. of Teaching
Hours
Topic Lecture Tutorial
Introduction 2 -
Basic Problems of any Economy 2 2
The Circular Flow Diagram 2 2
Measuring a Nation’s Income 2 2
Introduction to Macroeconomic Analysis 2 2
Macroeconomic Stability and Growth 2 2
Introduction to Microeconomics + Supply and Demand 2 2
Forces
Supply and Demand: Market Analysis 2 2
Government Intervention 2 2
The theory of Consumer Choice 2 2
Production Theory: Production Side 2 2
Production Theory: Cost Side 2 2

Learning and teaching methods

Lectures, assignments and tutorials.

Facilities required for teaching & learning

• Lecture hall equipped with microphone, computer, beamer, white board and markers.
• Availability of teaching materials on the GUC intranet, this also includes videos shown
during the lectures.
• Essential textbooks.

Assessment
Student assessment methods Assessment weighting
Quizzes 10%
Mid-term 30%
Coursework 10%
Presentation 10%
Final 40%

References

Essential textbooks

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Faculty of Management Technology

Management Technology Bachelor


Program

•Mankiw, N. Gregory 2011. Principles of Economics, 6th Edition, Cengage, ISBN-


10: 0538453060 | ISBN-13: 978-0538453066
Recommended textbooks

• Parkin, Michael 2014, Economics, eleventh edition, Pearson, ISBN-10: 0273789961


• ISBN-13: 9780273789963
• Krugman, Paul and Wells, Robin 2013. Economics, 3rd edition, Macmillan, ISBN-
10: 1-4292-5163-8 / ISBN-13: 978-1-4292-5163-1.
Relevant websites

• www.imf.org
• www.worldbank.org

C- Administrative Information
Course Coordinator Prof Dr Christian Richter

Head of the department


Prof Dr Christian Richter

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