ECO110 :

Department

Department of Financial planning

Academic Program

Bachelor in Financial Planing

Type

Compulsory

Credits

03

Prerequisite

Overview

After successfully passing all the requirements of this course, the student will be able to identify the nature of economics and the theoretical foundations necessary to understand the nature of economic activity and analyze economic relations at the micro level and understand the mechanism by which the economy works through studying the theory of demand, supply, production, costs and markets and explain the behavior of the units The economic worker in the economy and explains how equilibrium is achieved in the market and how the consumer achieves maximum satisfaction and the producer achieves maximum profitsAcquires the necessary skills that enable him to link the theoretical aspects that will be addressed through the lectures with the reality in which he lives and is affected by it.

Intended learning outcomes

By successfully completing all requirements of this course, the student will be able to:A. Knowledge and understanding.A 1 Know the nature of economics and the importance of studying itA 2 Understand the nature of the economic problem and the issue of scarcity and choice, and remember the types of economic systemsHow to allocate economic resourcesA3 Explain the concept of demand and supply and the market and describe how to achieve equilibrium in the marketA 4 Explain the theory of consumer behavior analysis and the theory of production, costs and marketsB- Mental skills:B1 Analysis of factors affecting demand and supplyB2 Linking the concept of flexibility to economic policiesB3 Comparison between traditional and modern theory in explaining consumer behaviorB4 Differentiate between different types of marketsC- Scientific and professional skills:C - 1 That the student distinguish between the different stages of economic activity and the types of prevailing economic systemsC - 2 that the student diagnoses economic problems resulting from mismanagement of economic activityand inefficient allocation of economic resourcesC - 3 Use the tools of economic analysis to study the markets and identify and understand the mechanism of their workEconomic relations that govern economic activityC - 4 to formulate effective economic policies

Teaching and learning methods

Teaching and Learning Methods:-1- Lectures.2- Discussion and brainstorming.3- Solve the exercises.4- Homework5- Search for topics using the Internet

Methods of assessments

Evaluation Methods:-1- Midterm written test, seventh week, 25%2- Discussion and interaction weekly 5%3- Homework weekly 10%4- Final written exam, sixteenth week, 60%- Total = 100%

hours

Subject

weeks

3

A general introduction to the study of economics

3

The problem of scarcity and choice

3

demand theory

3

supply theory

3

market equilibrium

3

demand elasticities

3

supply elasticities

3

midterm exam

3

The traditional theory of consumer behavior analysis or the so-called utility theory

3

The modern theory of consumer behavior analysis or the so-called indifference curve theory

3

production theory

3

costs theory

3

Markets theory

3

(perfectly competitive market)

3

Monopolistic competition and oligopoly market

3

Monopoly market