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Course Outline_Economics_2024

The document outlines the course 'Econ 2009: Introduction to Economics' offered in the 1st Semester of the 2024/2025 academic year at the College of Social Sciences and Humanities. It covers key topics in microeconomics and macroeconomics, detailing course objectives, learning outcomes, assessment methods, and grading policies. The course is coordinated by Dr. Antigen Birhan Ayehu and includes lectures, assignments, and exams to evaluate student understanding of economic principles.

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0% found this document useful (0 votes)
16 views

Course Outline_Economics_2024

The document outlines the course 'Econ 2009: Introduction to Economics' offered in the 1st Semester of the 2024/2025 academic year at the College of Social Sciences and Humanities. It covers key topics in microeconomics and macroeconomics, detailing course objectives, learning outcomes, assessment methods, and grading policies. The course is coordinated by Dr. Antigen Birhan Ayehu and includes lectures, assignments, and exams to evaluate student understanding of economic principles.

Uploaded by

lielinazena.1
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 7

Econ 2009

Introduction to Economics

College of Social Sciences and Humanities


Department of Business and Management

Course Outline
1st Semester 2024/2025
Econ 2009 Introduction to Economics Course Outline

Table of Contents
1. Course Information....................................................................................3
2. Instructor Information.................................................................................3
3. Course Overview.......................................................................................3
4. Course Objectives.....................................................................................4
5. Course Learning Outcomes.......................................................................4
6. Course Schedule and Instructional Method...............................................4
7. Assessment Tasks.................................................................................... 5
Feedback on Assessments...........................................................................5
8. Learning Resources..................................................................................6
Textbooks...................................................................................................6
References................................................................................................. 6
Online Resources.......................................................................................6
9. Grading Policy...........................................................................................6
Pass requirements......................................................................................6
10. Academic Integrity, Referencing and Plagiarism.....................................6
Academic Integrity......................................................................................6
Referencing................................................................................................ 7
Referencing Style.......................................................................................7

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Econ 2009 Introduction to Economics Course Outline

1. Course Information

Course Code Econ 2009


Course Name Introduction to Economics
Year/Semester Year II/I
Academic Year 2024/2025
Pre-requisite(s) Nil
Co-requisite(s) Nil
Credit Hour / ECTS 3/5
Course schedule Lecture [Thursday | 8:30 AM – 10:20 PM] : [B58 1-004]
Lecture [ Thursday | 8:30 AM – 10:20 PM] : [B58 1-004]
Lecture [Friday | 8:30 PM – 10:20 PM ] : [B57 5-003]

2. Instructor Information

Course Coordinator
Name Dr. Antigen Birhan Ayehu
E-mail [email protected]
Telephone number
<Optional>
Consultation hour Tueday Afternoon, Wednesday Afternoon
Office (Block/Room) B-80, R-210

Course Instructor/s
Name Dr. Antigen Birhan Ayehu
E-mail [email protected]
Telephone number
<Optional>
Consultation hour Tuesday Afternoon, Wednesday Afternoon
Office (Block/Room) B-80, R-210

3. Course Overview

This course is an introductory course covering basic principles and issues of economics.
Broadly speaking, the course has two components, microeconomics and macroeconomics. In
microeconomics, the focus is on the way in which individual economic agents – workers,
consumers, households and firms – make decisions. This part begins with a discussions and
applications of the concepts of demand & supply; theory of the consumer; theory of producer;
and market structures. While in macroeconomics, the study involves the study of the economy
as a whole, especially issues related to macroeconomic goals, national income account and its

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Econ 2009 Introduction to Economics Course Outline

measurement, interest rates macroeconomic problems such as unemployment, deficit and


inflation, growth and policy instruments.

4. Course Objectives

Up on successful completion of this course, students should be able to:


 Understand the concepts of demand and supply
 Analyze the behaviour of production and cost
 explain the different market structures and their real-world applications
 Describe and analyze macroeconomic goals, national income accounting,
economic problems and policy instruments

5. Course Learning Outcomes

 Describe the major economic agents and their respective roles and objectives using
diagrams
 Analyze and apply the concepts of demand and supply and their interactions using
concepts, tabular, graphical and mathematical methods
 Analyze and apply the theory of consumer preferences and utility maximization
approaches using concepts, tabular, graphical, and mathematical tools
 Analyze and apply short- run behaviour of production and the related cost structure
using concepts, tabular, graphical, and mathematical functions
 Analyze and apply the different market structures and their real-world applications
using concepts, graphical, diagrams, and mathematical functions
 Describe and analyze macroeconomic goals, national income accounting, economic
problems and policy instruments in light Ethiopian context.
Up on successful completion of this course, students should be Program
able to: learning
outcomes
CLO 1 Describe the major economic agents and their respective roles [PLO5]
and objectives using diagrams
CLO 2 Analyze and apply the concepts of demand and supply and [PLO6]
their interactions using concepts, tabular, graphical and
mathematical methods
CLO 3 Analyze and apply the theory of consumer preferences and [PLO6]
utility maximization approaches using concepts, tabular,
graphical, and mathematical tools
CLO 4 Analyze and apply short- run behaviour of production and the [PLO11]
related cost structure using concepts, tabular, graphical, and
mathematical functions
CLO 5 Analyze and apply the different market structures and their
real-world applications using concepts, graphical, diagrams,
and mathematical functions
CLO 6 Describe and analyze macroeconomic goals, national income
accounting, economic problems and policy instruments in light
Ethiopian context.

Graduate Attributes
PLO1 Economics Knowledge PLO7 Environment and sustainability
PLO2 Problem Analysis PLO8 Ethics
PLO3 Design/development of PLO9 Individual and teamwork
solutions
PLO4 Investigation PLO10 Communication

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Econ 2009 Introduction to Economics Course Outline

PLO5 Modern Economics PLO11 Project management and


finance
PLO6 The engineer and PLO12 Lifelong learning
economics

6. Course Schedule and Instructional Method

This course consists of 3 hours of class contact hours. You are expected to take an
additional 3 hours of non-class contact hours to complete assessments, readings and
exam preparation. The course is delivered through lecturing and active student
participation.

Week Topic [Module] Learning and CLO


Teaching
Activity
Week 1 Introduction: Definition and Meaning of CLO 1
Economics, Rationale of Economics, Scope
and methods of economic analysis

Week 2 Introduction: Scarcity, choice, opportunity CLO 1


cost and production possibilities frontier,
Basic economic questions, Economic
systems, Decision making units and the
circular flow model

Week 3 Theory of Demand CLO 2

Week 4 Theory of Supply CLO 2

Week 5 Market Equilibrium CLO 2

Week 6 Consumer preferences CLO 3

Week 7 The budget line, Equilibrium of the CLO 3


consumer

Week 8 Theory of production in the short CLO 4


run

Week 9 Theory of costs in the short run CLO 4

Week 10 Perfectly Competitive market CLO 5

Week 11 Imperfect market CLO 5

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Econ 2009 Introduction to Economics Course Outline

Week 12 Goals of Macroeconomics, National CLO 6


Income Accounting

Week 13 Macroeconomic Problems CLO 6

Week 14 Macroeconomic Policy Instruments CLO 6

7. Assessment Tasks

No Assessment Method Weight Week Due CLO


Assessed
1 Quiz 5% Week 4
1 Assignment I 10% Week 5 CLO 1 and 2
2 Assignment II 10% Week 10 CLO 3 and 4
3 Test 1 15% Week 6 CLO 1 and 2
4 Test 2 10% Week 9 CLO 3 and 4
5 Final Exam 50% Week 15 CLO 1,2,3,4,5
and 6

Submission of Assessment Tasks


This course consists of 2 assignments. You are expected to submit the first
assignment at the end of the fifth week and the second assignment at the end of the
tenth week. Late assignments submission will result in a grade reduction of 10% per
24 hours late (or portion thereof).

Feedback on Assessments

The students will get the assignment feedback two weeks after the submission of the
assignment

8. Learning Resources

Textbooks
Campbell R. McConnel, Economic Principles, Problems and Policies, 19th edition , publisher
McGraw-Hill Higher Education, 2010

References
1. Koutsoyiannis, Modern Microeconomics, 2nd edition (2003), 7th edition (2020)
2. R.S. Pindyck& D.L. Rubinfeld, Microeconomics. 8th edition (2013)
3. Dwivedi, D.N., Microeconomics: Theory and Applications, 3rd edition (2016)
4. Ayele Kuris, Introduction to Economics, 2001.
5. N. Gregory Mankiw, 2007, Macroeconomics, 4th edition (2007)

9. Grading Policy

Grading of courses will be according to the university’s rules and regulation.


Examinations are graded and the letter grading system with corresponding points
shown below.

Marks Grade Grade Points

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Econ 2009 Introduction to Economics Course Outline

[90,100] A+ 4.00
[85,90) A 4.00
[80,85) A- 3.75
[75,80) B+ 3.50
[70,75) B 3.00
[65,70) B- 2.75
[60,65) C+ 2.50
[50,60) C 2.00
[50 F 0.00

Pass requirements
To pass this course a student must:
 Attempt all assessments.
 Achieve a minimum of 40% in the final exam.

10. Attendance

As per university guideline, a minimum 80% during lecture and 100% during practical
work sessions except for some unprecedented mishaps. Failure to fulfill this
requirement results in barring.

11. Academic Integrity, Referencing and Plagiarism

Academic Integrity
AASTU values academic integrity. Therefore, all students must understand the
meaning and consequences of cheating, plagiarism and other academic offenses
under the Code of Student Conduct and Disciplinary Procedures. Work submitted
must be your own, and others’ ideas should be appropriately acknowledged. If you
don’t follow these rules, plagiarism may be detected in your work using plagiarism
detection tool 'Turnitin'.

Referencing
Referencing is a way of acknowledging the sources of information that you use to
research your assignments. You need to provide a reference whenever you draw on
someone else's words, ideas or research. Not referencing other people's work can
constitute plagiarism.

Referencing Style
The University advises students to use the ["IEEE Referencing Style"] for written
work and oral presentations.

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