INTERNATIONAL BURCH UNIVERSITY
Faculty of Economics and Social Sciences
Department of International Relations and European Studies
2015-2016

SYLLABUS
Code Name Level Year Semester
IBS 105 Introduction To Economics Undergraduate 1 Fall
Status Number of ECTS Credits Class Hours Per Week Total Hours Per Semester Language
Non-area Elective 6 2 + 1 136 English

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

This is an introductory course covering basic principles of economics. During the semester students will cover topics that give answers to the questions: How people make decisions; How people interact; and How economy as a whole works.

COURSE OBJECTIVE
The aim of this course is to clarify the difference between macro and micro economics and familiarize students with fundamental terms, theories and concepts of economics.

COURSE CONTENT
Week
Topic
  1. Introduction, How to read graphs
  2. Ten Principles of Economics
  3. The Market Forces of Supply and Demand
  4. Externalities, Public goods and Common resources
  5. The costs of production
  6. Firms in competitive markets, Monopoly
  7. Preparation for Mid term exam
  8. Mid Term exam
  9. Measuring the nation’s income
  10. Measuring the cost of living
  11. Production and growth Unemployment
  12. The monetary system
  13. Money growth and inflation
  14. Unemployment
  15. Preparation for final exam

LABORATORY/PRACTICE PLAN
Week
Topic

    TEACHING/ASSESSMENT
    Description
      Description (%)
      Method Quantity Percentage (%)
      Quiz410
      Midterm Exam(s)130
      Presentation110
      Final Exam150
      Total: 100
      Learning outcomes
      • 1. Understand main economic theories
      • 2. Understand the society and global affairs better
      • 3. Be familiar with fundamental economic problems: resource scarcity and unlimited human needs
      • 4. Gain knowledge and a repertoire of skills that will make them effective communicators and problem solvers - both vital for careers working with people.
      • 5. Develop skills of oral presentation
      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)14228
      Laboratory / Practice (14 weeks x Laboratory/Practice hours per week)14114
      Midterm Examination (1 week)122
      Final Examination(1 week)122
      Preparation for Midterm Examination11515
      Preparation for Final Examination11515
      Assignment / Homework/ Project13030
      Seminar / Presentation13030
      Total Workload: 136
      ECTS Credit (Total workload/25): 5