INTERNATIONAL BURCH UNIVERSITY
Faculty of Economics and Social Sciences
Department of International Relations and European Studies
2014-2015

SYLLABUS
Code Name Level Year Semester
FES 107 Introduction To Economics Undergraduate 1 Fall
Status Number of ECTS Credits Class Hours Per Week Total Hours Per Semester Language
Non-area Elective 6 1 134 English

Instructor Assistant Coordinator
Nataša TANDIR, Assist. Prof. Dr. Natasa Tandir Nataša TANDIR, Assist. Prof. Dr.
[email protected] [email protected] no email

Students will learn about essential principles of economics. They will learn how people, companies and goverments should manage scarce resources in an effective way.

COURSE OBJECTIVE
Familiarize students with fundamental terms, theories and concepts of economics. Learn the basics of microeconomics and macroeconomics necessary for more advanced courses.

COURSE CONTENT
Week
Topic
  1. Introduction, Ten Principles of Economics
  2. Market Forces of Supply and Demand
  3. Externalities, Public goods and Common resources
  4. The Cost of Production
  5. Types of Markets
  6. Preparation for Midterm exam
  7. Midterm exam
  8. Measuring the Nation\\\\\\\\
  9. Measuring the Cost of Living
  10. Production and Growth
  11. Unemployment
  12. Money Growth and Inflation
  13. Preparation for Final exam
  14. Final Exam

LABORATORY/PRACTICE PLAN
Week
Topic

    TEACHING/ASSESSMENT
    Description
    • Lectures
    • Practical Sessions
    • Presentation
    • Self Evaluation
    • Assignments
    • Case Studies
    Description (%)
    Method Quantity Percentage (%)
    Homework10
    Midterm Exam(s)30
    Presentation10
    Final Exam150
    Total: 100
    Learning outcomes
    • Understand main economic theories
    • Understand global economic environment
    • Be familiar with fundamental economic problems: resource scarcity and unlimited human needs
    • Create the base for more advanced courses.
    TEXTBOOK(S)
    • Mankiw N.G: Essentials of Economics, 5th edition, Cengage/Thomson South-Western, 2008

    ECTS (Allocated based on student) WORKLOAD
    Activities Quantity Duration (Hour) Total Work Load
    Lecture (14 weeks x Lecture hours per week)342126
    Laboratory / Practice (14 weeks x Laboratory/Practice hours per week) 0
    Midterm Examination (1 week)111
    Final Examination(1 week)111
    Preparation for Midterm Examination133
    Preparation for Final Examination133
    Assignment / Homework/ Project 0
    Seminar / Presentation 0
    Total Workload: 134
    ECTS Credit (Total workload/25): 5