ECON111 Introduction to Microeconomics
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| Course Code | Course Title | Weekly Hours* | ECTS | Weekly Class Schedule | ||||||
| T | P | |||||||||
| ECON111 | Introduction to Microeconomics | 3 | 0 | 6 | Wed 15-17:50 | |||||
| Prerequisite | None | It is a prerequisite to | ||||||||
| Lecturer | Azra Bičo | Office Hours / Room / Phone | Tuesday: 11:00-12:00 Online MS teams and at Office B F1.32, 15:00-16:00 Wednesday: 14:00-15:00 Online MS teams and at Office B F1.32 Thursday: 14:00-15:00 Online MS teams and at Office B F1.32 Friday: 14:00-15:00 Online MS team and Office |
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| abico@ius.edu.ba | ||||||||||
| Assistant | Assistant E-mail | |||||||||
| Course Objectives | This course develops students' theoretical and practical knowledge regarding the topics of the market system, consumer choices, theory of firm and market failure. The course aims to provide basic understanding of how people and firms make their decisions in the markets. |
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| Textbook | Mankiw, G. N. & Taylor, M. P. (2021). Economics. 9th Edition. Cengage. | |||||||||
| Additional Literature |
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| Learning Outcomes | After successful completion of the course, the student will be able to: | |||||||||
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| Teaching Methods | The methods include lectures (which may involve power point presentation, video and audio aids), student presentations, projects and class discussions. | |||||||||
| Teaching Method Delivery | Face-to-face | Teaching Method Delivery Notes | ||||||||
| WEEK | TOPIC | REFERENCE | ||||||||
| Week 1 | Introductory Lecture | |||||||||
| Week 2 | Thinking like an economist/principles | Chapter 1 & 2 | ||||||||
| Week 3 | The market forces of supply and demand | Chapter 4, 5 | ||||||||
| Week 4 | Background to demand: Consumer choices | Chapter 21 | ||||||||
| Week 5 | QUIZ 1 | |||||||||
| Week 6 | Background to supply: Firms in competitive markets | Chapter 14 | ||||||||
| Week 7 | Consumers, producers and the efficiency of markets | Chapter 7 | ||||||||
| Week 8 | MIDTERM EXAM | |||||||||
| Week 9 | Supply, demand and government policies | Chapter 6 | ||||||||
| Week 10 | Public goods, common resources, and merit goods | Chapter 11 | ||||||||
| Week 11 | Monopoly & monopolistic competition | Chapters 15 and 16 | ||||||||
| Week 12 | QUIZ 2 | |||||||||
| Week 13 | Oligopoly | Chapter 17 | ||||||||
| Week 14 | Information and behavioral economics | Chapter 22 | ||||||||
| Week 15 | Review | |||||||||
| Assessment Methods and Criteria | Evaluation Tool | Quantity | Weight | Alignment with LOs |
| Final Exam | 1 | 30 | 1,2,3,4,5 | |
| Semester Evaluation Components | ||||
| Midterm Exam | 1 | 25 | 1,2,3 | |
| Quizzes | 2 | 30 | 1,2,3,4 | |
| Classwork | 1 | 15 | 1,2,3,4,5 | |
| *** ECTS Credit Calculation *** | ||||
| Activity | Hours | Weeks | Student Workload Hours | Activity | Hours | Weeks | Student Workload Hours | |||
| Lecture Hours | 3 | 15 | 45 | Home Study | 2 | 15 | 30 | |||
| Quiz | 2 | 10 | 20 | Midterm Exam Study | 25 | 1 | 25 | |||
| Final Exam Study | 30 | 1 | 30 | |||||||
| Total Workload Hours = | 150 | |||||||||
| *T= Teaching, P= Practice | ECTS Credit = | 6 | ||||||||
| Course Academic Quality Assurance: Semester Student Survey | Last Update Date: 09/11/2023 | |||||||||