Objectives and competences
In this course students:
1. Get the basic grasp of economic theories and economics with an emphasis on microeconomics
2. Are familiarised with the applicability of different theories of economics
3. Are familiarised with elements of economics and microeconomics and are aware of interdependence between them
4. Are familiarised with and grasp the basic concepts of economic theories and microeconomics
5. Learn to write, think and express themselves accurately in the field of economics with an emphasis on microeconomics
6. Acquire fundamental knowledge of economics, economic theories and microeconomics
7. Are familiarised with the importance of economics, economic theories and microeconomics
8. Gain the ability to economics, economic theories and microeconomics
Content (Syllabus outline)
The Fundamentals of Economics
Economic System and the Market Mechanism
Theoretical Concept of Supply
Theoretical Concept of Demand
Competitive Prices
Monopoly and Imperfect Competition
Factor Markets and the Distribution of Income
Genesis of Economic Theory
Learning and teaching methods
lectures;
team work;
tutorial
Intended learning outcomes - knowledge and understanding
Development of knowledge and understanding:
Students:
1. Understand basic concepts of economics, economic theories and microeconomics
2. Learn to use (apply) economic theories and microeconomics in solving business problems.
3. Recognize basic characteristics of economics and microeconomics
4. Can demonstrate awareness of ethical issues in the field of economics, economic theories and microeconomics
5. Are able to discuss ethical issues in relation to personal beliefs and values.
Intended learning outcomes - transferable/key skills and other attributes
Cognitive/Intellectual skills:
Students:
1. Can analyse with guidance using given classification/principles.
2. Can collect and arrange data and ideas in a standard way.
3. Can evaluate the reliability of data using defined techniques and under guidance.
4. Students develop greater independence of thought and the ability to solve problems.
Key/Transferable skills
Students:
1. Use ICT.
2. Develop skills for team work.
3. Develop professional ethics.
4. Establish international relations.
5. Develop learning techniques and strategies for individual study, permanent reflection and evaluation.
6. Develop interest for lifelong learning.
Readings
Uvod v ekonomijo z mikroekonomiko, D. Kračun, GV Založba, Ljubljana 2008
Ekonomija – naloge z rešitvami, P. Mikek, M. Šlebinger, M. Rihtarič, Univerza v Mariboru, Ekonomsko-poslovna fakulteta
Dodatno priporočamo tudi (Additional Recommendations):
Microeconomics, 10th Edition. M. Parkin, Pearson, 2011
Economics, 19th Edition. P. Samuelson and W. Nordhaus, McGraw-Hill, 2010
Additional information on implementation and assessment activities in the class (4 interim assignments)
written examination or two written tests*
*Conditions:
• 1st, 2nd interim assignment › 1st written test
• 1st written test + 3rd, 4th interim assignment › 2nd written test.
