General description
Course Description: Introduction to Economics
Basic Information:
Course Name Introduction to Economics
Course ID BEC101
Contact Hours (Registered Sessions) 18
Contact Hours (Online Sessions) 18
Midterm Exam -
Exam 75 min.
Registered Sessions Workload 18
Online Session Workload 18
Credit Hours 4
1-Pre-Requisites:
Course Code/ ID
3-Intended Learning Outcomes (ILO):
Code ILO: Intended Learning Outcomes/ Objectives
ILO1 Explains the concept of Economics, its importance, the importance of its study and its relationship to the rest of the social and Applied Sciences and mentioned the differences between micro and macro economic analysis.
ILO2 The student understands some important concepts in the field of research on economic topics, the definition of economic theory and economic law, the difference between them, and the most important scientific research methods used in economic research.
ILO3 Learn how to tackle the economic problem, which revolves around answering the three questions What do we produce, to whom do we produce and how do we produce, and the difference between these concepts between the socialist and capitalist systems.
ILO4 The student understands some important concepts in the field of research on economic topics, the definition of economic theory and economic law, the difference between them, and the most important scientific research methods used in economic research.
ILO5 Get acquainted with the origin of Economic Thought and the most important economic ideas in ancient and medieval times get acquainted with the most important thinkers of this era of time, and what ideas they came up with.
ILO6 To get acquainted with the emergence of economic thought, the most important economic ideas in modern times, to get acquainted with the most important thinkers of this era of time, and what ideas they came up with.
ILO7 Identify the concept of utility and production from an economic point of view, the relationship between value, price and utility, the most important theories of value and the distinction between total and partial utility.
ILO8 It recognizes the concept of labor in terms of its nature and characteristics, the concept of capital with its divisions and sources of formation, and the definition of the concept of nominal and real interest, the concept of rent and profit .
ILO9 Understands the idea of demand and supply, how to calculate it, the elasticity of demand and supply, and the factors affecting them.
ILO10 Distinguish between fixed and variable elements of production, understand the meaning of short-term and long-term in the economy, the "law of diminishing returns", "opportunity cost" and make a calculation of some production indicators.
ILO11 He can explain the motives of the consumer that make him choose one of the goods for consumption, the required quantities and what benefit he gets from consuming various goods.
3. Course content:
outcomes
educational
Theoretical section with notes and clarifications
have found hours
registered Synchronous hours Task patterns Practical section with notes and clarifications, if any
ILO1 The concept of economics and its importance:
The concept of economics
• Reasons to study Economics
• Definition of economics
• Objectives of Economics
The relationship of economics with other sciences
• Branches of Economics 2 2 homework
ILO2 The economic problem and its components:
Economic resources
• Commodities
• Human needs
The characteristics of human needs
• rarity
• the choice
• the sacrifice 2 2
homework
ILO3 Patterns of dealing with the economic problem:
The economic problem
• Types of Economic Systems
• Economic systems and how to address the economic problem 2 2
homework
ILO4 Methods of scientific research in economics:
Economic theory
• Economic laws
• Assumptions
• Scientific Research
• Research Methodology 2 2
homework
ILO5 Economic Ideas in Antiquity and the Middle Ages
• Economic ideas in antiquity
• • Economic ideas in the Middle Ages
homework
ILO6 Economic ideas in modern times:
• Economic thought before industrial capitalism
• The economic thought of industrial capitalism
• Keynesian economic thought
• • Socialist thought 2 2 homework
ILO7 : Value Theory:
roduction and yield
• Value and benefit
The development of the theory of utility
• Value puzzle
• Value in the Contemporary Economy 2 2 homework
ILO8 : Production elements:
• the work
• • capital
• • ground
• • Organization 2 2 homework
ILO9 and supply Market demand:
• • Definition of the request
• • demand function
• • Demand schedule
• • Law of Demand
• • elasticity of demand
• • Definition of display
• • display function
• • Give me the offer
• • Flexibility of the offer 2 2 homework
ILO10 Costs and Production:
Production function
• Production in the short and long term
• Law of Diminishing Returns
• The concept of costs
• Long-term and short-term costs 2 2 Homework and exercises
ILO11 : consumers behaviour
• The content of utility theory
• • Studying consumer behavior using indifference curves 2 2 Homework and exercises
ILO12 : The market and its forms of organization:
The concept and definition of the market
• Market Shapes
• The feasibility of studying the various forms of the market 2 2 Homework and exercises
4.Assessment Criteria:
code Desired educational outcomes evaluation pattern
Interact in sessions Practical Exams Offers and interviews Reports
ILO1 The concept of economics and its importance: × ×
ILO2 The economic problem and its components: × ×
ILO3 . Patterns of dealing with the economic problem × ×
ILO4 Methods of scientific research in economics: × ×
ILO5 Economic Ideas in Antiquity and the Middle Ages × ×
ILO6 Economic ideas in modern times:. × ×
ILO7 Value Theory × × ×
ILO8 : Production elements × ×
ILO9 Market demand and supply × × ×
ILO10 Costs and Production × × ×
ILO11 consumers behaviour × × ×
ILO12 The market and its forms of organization: × ×
5. Instruments and laboratories of the practical department
Instrument code
6.Main References:
1-Samuelson, Paul, Nord House, William, (1995), Economics, translated by Hisham Abdullah, Osama Al-Dabbagh, fifteenth edition, Al-Ahlia House for Publishing and Distribution, Amman, Jordan.
2-Bahbouh, Khaled Najib, Ismail, Essam, Radwan, Abdel Rahman, (2008), Microeconomic Analysis, Publications of the Directorate of Books and University Publications, Digital Printing Press, Aleppo University, Aleppo, Syria.
3-Khaddour, Raslan, Fadliya, Abed, Microeconomic Analysis, (2008)
Directorate of Books and Publications at Damascus University, Damascus, Syria.
7.Additional References:
1-Qanoua, Nizar, Hormuz Nur al-Din, Principles of Economics (1), (2008),Directorate of Books and Publications, University of Lattakia, Lattakia, Syria.
2-Al-Nasr, Muhammad, Al-Srouji, Fathi, (2008) Principles of Economics, publications of the United Arab Company for Marketing and Supplies in cooperation with Al-Quds Open University, Cairo, Egypt.
3-Majid, Diaa, (2007) Economic Theory (microeconomic analysis), Publications of the University Youth Foundation, Alexandria, Egypt.