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BUSINESS ADMINISTRATION (ENGLISH) PROGRAMME
COURSE DESCRIPTION
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Name of the Course Unit
| Code
| Year
| Semester
| In-Class Hours (T+P)
| Credit
| ECTS Credit
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INTRODUCTION TO ECONOMICS II |
ECO102 |
1 |
2 |
3+0 |
3.0 |
7.0 |
No
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Key Learning Outcomes of the Course Unit
On successful completion of this course unit, students/learners will or will be able to:
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PROGRAMME LEARNING OUTCOMES |
1 |
A student who has completed the “Introduction to Economics II” sequences should be able to think critically and be able to apply economic reasoning in making personal and business decisions and in analyzing public policies. | 1 (5), 2 (5), 3 (5), 4 (5), 5 (5), 6 (5), 8 (5), 9 (5), 10 (5) | 2 |
The students should be able to use appropriate diagrams and time series graphs to express macroeconomic relationship and to predict the consequences of changes in relevant variables. | 1 (5), 2 (5), 3 (5), 4 (5), 5 (5), 6 (5), 8 (5), 9 (5), 10 (5) | 3 |
Students should be able to explain what GDP (GNP) is and identify the components of GDP (GNP): consumption, investment, government expenditure, export-import. Understand and describe the concepts and measurement of GDP (GNP), employment, inflation. | 1 (5), 2 (5), 3 (5), 4 (5), 5 (5), 6 (5), 8 (5), 9 (5), 10 (5) | 4 |
The students should be able to understand and describe how AD-AS determine equilibrium price level and output in short-run and long-run time frame and the concept of macro equilibrium | 1 (5), 2 (5), 3 (5), 4 (5), 5 (5), 6 (5), 8 (5), 9 (5), 10 (5) | 5 |
Students should be able to explain the causes and consequences of the Business Cycle fluctuations and related this to other macroeconomic variables such as employment, price level, interest rate, etc. | 1 (5), 2 (5), 3 (5), 4 (5), 5 (5), 6 (5), 8 (5), 9 (5), 10 (5) | 6 |
Students should be able to predict the effects of monetary and fiscal policies on economic performance, understand and describe the concepts, tools and implications of fiscal and monetary policies, their limitations and relative advantages and disadvantages, and how they affects aggregate economic activities. | 1 (5), 2 (5), 3 (5), 4 (5), 5 (5), 6 (5), 8 (5), 9 (5), 10 (5) | |