Introduction to Economics

2020/2021

Academic Year

ENG

Instruction in English

3

ECTS credits

Delivered at:

Department of Strategic and International Management

Course type:

Bridging course

When:

1 year, 1 module

Course Syllabus

Abstract

This course teaches economics from a pluralist perspective. Economic pluralism means that a plurality of theoretical and methodological viewpoints is regarded as valuable in itself and is simply the best way in which economics can make progress in understanding the world. It will illustrate economic pluralism not only in substance but also in form. The course introduces four theories: Social Economics, Institutional Economics, Post Keynesian economics and Neoclassical Economics. Like every economics course, it includes numbers, diagrams, tables, equations, and some calculations.

Learning Objectives

• • understand different economic viewpoints, linked to important traditions in economic thought, and basic economic concepts belonging to these theoretical perspectives • do some basic economic calculations that are important in economic life, such as calculating an inflation rate, and in economic policies, such as estimating the rough gains from trade for both trading partners, and in economic arguments, such as in calculating utility maximization with given prices and budgets

Expected Learning Outcomes

• • understand different economic viewpoints, linked to important traditions in economic thought, and basic economic concepts belonging to these theoretical perspectives • do some basic economic calculations that are important in economic life, such as calculating an inflation rate, and in economic policies, such as estimating the rough gains from trade for both trading partners, and in economic arguments, such as in calculating utility maximization with given prices and budgets

Course Contents

• “Introduction to Economic Theories”
  This course covers the following topics: 1. Introduction to Pluralist Economics 2. Micro Economics: Individuals, Households and Consumers 3. Micro Economics: Firms and Markets 4. Micro Economics: The state 5. Micro Economics: Factor Markets 6. Macro Economics: Real and Monetary Economy 7. Macro Economics: Growth and Trade 8. Macro Economics: Nature and Wellbeing & Poverty

Assessment Elements

• online test upon finishing this course
• online test upon finishing this course

Interim Assessment

• Interim assessment (1 module)
  result will be evaluated if the test is passed

Bibliography

Recommended Core Bibliography

• George Sol. (2018). Introduction to Economics. Arab Press Agency.
• Reinert, K. A. (2012). An Introduction to International Economics : New Perspectives on the World Economy. Cambridge eText.

Recommended Additional Bibliography

• Richardson, G. B. (2013). Economic Theory. Hoboken: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=661518