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18 views

Course-Outline_-_Introduction_to_Economics

Uploaded by

zamir
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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TUCN – INTERNATIONAL WINTER SCHOOL

Course Outline – Introduction to


Economics
General Information
Course title: Introduction to Economics
Course pre-requisite(s): No background on economics required. Understanding of basic
mathematics would be an added advantage.

Course Overview
This module is an introductory course in Economics, including introductory concepts in
microeconomics and macroeconomics. The aim of this module is to give students, who may have
no previous background in the subject, an understanding of basic economic theory and its
applications.

Learning Outcomes
On completion of this module, the learner will be able to:
1. Explain the theory of the functioning of the markets.
2. Recognize how consumers make decisions based on their preferences and affordability
3. Recognize the internal and external constraints faced by firms and industries and how
these influence the production or cost structure.
4. Identify the main issues of macroeconomics and the different policies that can be used to
achieve national objectives.
5. Discuss the international context in which an economy function.

Course Content
Indicative syllabus
1. Definition of Economics
2. Consumer Theory- preferences, budget, indifference curves, budget constraint
3. Theory of the firm- producers, factors of production, production function
4. Theory of the Market- perfect competition, monopoly, monopolistic competition, oligopoly
5. Market failure and State intervention
6. National Income
7. Money
8. Fiscal and Monetary Policy
9. International Trade

Instructional Method
Total contact hours= 96 divided in 2 weeks. This will include 3-4 hours of teaching hours each
day and 3 hours of self-directed learning by students. Self-directed learning by students would
include solving problem sets, group discussions, writing reports etc.
4 hours of live lectures each week each day, 3-4 hours of asynchronous lectures (pre-recorded)
each day, 2 hours of online live problem-solving tutorials each day.

Face-to-face lectures, online review classes, discussion, case-study or video, problem-solving or


review exercises (possibly online), lecture notes and readings.
TUCN – INTERNATIONAL WINTER SCHOOL

Required Course Materials

Essential Reading:
Boyes, William and Melvin, Michael (2011-2014) Fundamentals of Economics International
Fifth or Sixth ETU Dublinion, South Western, Cengage Learning, United States

Mankiw, N Gregory Essentials of Economics, (2012) 6th Edition. Cengage Learning:


http://lcwu.edu.pk/ocd/cfiles/Public%20Administration/Min/eco-
102(Economics)/N._Gregory_Mankiw_Principles_of_Microeconomics.pdf

Supplemental Reading:
Begg, David, Fische, Stanley and Rudiger Dornbusch Economics (2011) Tenth Edition,
McGraw-Hill

Hogan, John, Donnelly, Paul F. and Brendan K. O’Rourke (2010) Irish Business and Society:
Governing, Participating and Transforming in the 21st Century, Gill and Macmillan: Dublin.

Leddin, Anthony J. and Walsh, Brendan M., (2013) Macroeconomics: an Irish and European
Perspective, Gill and Macmillan, Dublin.

Mankiw, NG and Taylor, M. (2014) Economics, Third ETU Dublinion Cengage Learning EMEA,
United Kingdom.

McAleese, D., (2004) Economics for Business Competition, Macro-stability and Globalization,
Third Edition. Imprint Harlow, England; New York: FT Prentice Hall.

Parkin, Michael, Powell, Melanie and Kent Matthews, (2012) Economics: European Edition; Ninth
Edition, Addison-Wesley, Pearson

Assessment
This module will be assessed via 100% continuous assessment with students require to
undertake different activities and projects for chosen domain specific practice in economics.

Assessment
Assessment type Weighting (%) LO Assessment
Multiple-choice in- 50% 1- 5
class/online exam
Group presentation on a 50% 3, 4
current economic topic

• Multiple choice test online (50%)


• Group presentation online: Students will be divided into groups (depending upon
the class size) and will be asked to discuss a current topic in economics based
on the concepts studied. (50%)

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