Faculty Of Engıneerıng
Industrıal Engıneerıng (Englısh)
Course Information
| MICROECONOMICS | |||||
|---|---|---|---|---|---|
| Code | Semester | Theoretical | Practice | National Credit | ECTS Credit |
| Hour / Week | |||||
| ECO211 | Fall | 3 | 0 | 3 | 3 |
| Prerequisites and co-requisites | NONE |
|---|---|
| Language of instruction | English |
| Type | Required |
| Level of Course | Bachelor's |
| Lecturer | Assst. Prof. Dr. Zaina HAMAD |
| Mode of Delivery | Face to Face |
| Suggested Subject | NONE |
| Professional practise ( internship ) | None |
| Objectives of the Course | To analyze microeconomic concepts, the importance of team work, and how to make rational decisions from the microeconomical view. |
| Contents of the Course | Economic concepts, scarcity and choice, consumer demand, company supply and market equilibrium, elasticity, household behavior, consumer equilibrium, production and costs, producer equilibrium, commodity markets, input markets, general equilibrium, income distribution. |
Learning Outcomes of Course
| # | Learning Outcomes |
|---|---|
| 1 | Students will be able to adopt the economic way of thinking to eveyday issues. |
| 2 | Students will be capable of building simple models of microeconomic phenomena |
| 3 | Students will be able to use economic terminology appropriately |
| 4 | Students will have an explanations for basic microeconomics |
Course Syllabus
| # | Subjects | Teaching Methods and Technics |
|---|---|---|
| 1 | Micro and Macro economy | Lecturing |
| 2 | Opportunity cost, production possibilities curve and economic profit concepts | Lecturing |
| 3 | Economic goals, Demand and Supply | Lecturing |
| 4 | Introduction to elasticity concepts | Lecturing |
| 5 | Elasticity of demand and supply | Lecturing |
| 6 | Introduction to industrial structures | Lecturing |
| 7 | Midterm exam | Exam |
| 8 | Utility concepts. Total maximizing rule | Lecturing |
| 9 | Monopolistic competition | Lecturing |
| 10 | Monopolistic competition | Lecturing |
| 11 | Monopoly | Lecturing |
| 12 | Demand and benefit | Lecturing |
| 13 | Introduction to the concept of flexibility | Lecturing |
| 14 | Elasticity of demand, elasticity of supply | Lecturing |
| 15 | Review | Lecturing |
| 16 | Final Exam | Exam |
Course Syllabus
| # | Material / Resources | Information About Resources | Reference / Recommended Resources |
|---|---|---|---|
| 1 | Hubbard, R. Glenn & O’Brien A. Patrick, Essentials of Economics, 3rd Edition |
Method of Assessment
| # | Weight | Work Type | Work Title |
|---|---|---|---|
| 1 | 40% | Mid-Term Exam | Mid-Term Exam |
| 2 | 60% | Final Exam | Final Exam |
Relationship between Learning Outcomes of Course and Program Outcomes
| # | Learning Outcomes | Program Outcomes | Method of Assessment |
|---|---|---|---|
| 1 | Students will be able to adopt the economic way of thinking to eveyday issues. | 5 | 1͵2 |
| 2 | Students will be capable of building simple models of microeconomic phenomena | 10 | 1͵2 |
| 3 | Students will be able to use economic terminology appropriately | 6 | 1͵2 |
| 4 | Students will have an explanations for basic microeconomics | 8 | 1͵2 |
Work Load Details
| # | Type of Work | Quantity | Time (Hour) | Work Load |
|---|---|---|---|---|
| 1 | Course Duration | 14 | 3 | 42 |
| 2 | Course Duration Except Class (Preliminary Study, Enhancement) | 14 | 1 | 14 |
| 3 | Presentation and Seminar Preparation | 0 | 0 | 0 |
| 4 | Web Research, Library and Archival Work | 0 | 0 | 0 |
| 5 | Document/Information Listing | 0 | 0 | 0 |
| 6 | Workshop | 0 | 0 | 0 |
| 7 | Preparation for Midterm Exam | 1 | 12 | 12 |
| 8 | Midterm Exam | 1 | 4 | 4 |
| 9 | Quiz | 0 | 0 | 0 |
| 10 | Homework | 0 | 0 | 0 |
| 11 | Midterm Project | 0 | 0 | 0 |
| 12 | Midterm Exercise | 0 | 0 | 0 |
| 13 | Final Project | 0 | 0 | 0 |
| 14 | Final Exercise | 0 | 0 | 0 |
| 15 | Preparation for Final Exam | 1 | 14 | 14 |
| 16 | Final Exam | 1 | 4 | 4 |
| 90 | ||||