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Course title: Basics of Economics

 

Course code:

Course status:

Semester:

No. of ECTS credits:

No. of lessons (per week):

 

Mandatory

I

6

5

 

Study programme: Bachelor’s Degree Programme in Economics (studies last for 6 semesters, 180 ECTS credits)

Prerequisites: No prerequisites

 

Course aims: Understanding of basic economic principles, categories and processes

Names of professor and teaching assistant: Professor Milivoje Radovic, PhD; Teaching assistants : Jovan Đurašković, PhD and Milena Radonjić, MSc

 

Teaching and learning method(s): Lectures and seminars; discussions and short oral tests of understanding the subject matter treated during lectures and seminars; one preliminary exam (written) and final exam (oral)

Syllabus:

Preparatory weeks

Preparation and semester enrolment .

Week I

Ten Principles of Economics. Thinking like an economist.

Week II

Interdependence and the Gains from Trade.

Week III

The Market Forces of Supply and Demand.

Week IV

Market and competition.

Week V

Elasticity and Its Application

Week VI

Supply, Demand and Government Policies.

Week VII

Consumers, Producers and  the Efficiency of Markets. The Costs of Taxation.

Week VIII

International Trade (world price and comparative advantage, tariffs and import quotas)

Week IX

Public Sector Economics. Externalities. Public Goods and Common Resources.

Week X

Preliminary exam (written)

Week XI

Firm Behavior and the Organization  of Industry (conceptually). Economic of Labor Markets.

Week XII

Earnings and Discrimination. Income Inequality and Poverty

Week XIII

Macroeconomics – Measuring a Nation's Income. Measuring the Cost of Living.

Week XIV

Money and Prices in the Long Run – The Monetary System.

Week XV

Money Growth and Inflation.

Week XVI

    Exam

Week XVII

    Exam

Week XVIII

   Exam

Student duties: Lessons attendance is mandatory for students as well as participating in classes actively.

Textbooks and other reading materials:

Gregory Mankiw, „Principi ekonomije“, 3rd edition

Gregory Mankiw, Mark Taylor, „Ekonomija“, european edition, CID Faculty of Economics, Belgrade, 2016.

 

Assessment methods:  

  • Midterm exam (40 points)
  • Final exam (45 points)
  • Classroom participation (15 points)
  • Total points : 100 (in order to get a passing grade at the exam student has to gain at least 50% of total points)

Remarks:

 

Syllabus made by:            Professor Milivoje Radović, PhD

 

Note(s):
     

 

 

 

 

Course title: Principles of   Economics

 

Course code:

Course status:

Semester:

No. of ECTS credits:

No. of lessons (per week):

 

Mandatory

I

8

4

 

 

 

Study programme: Undergraduate Applied Studies of Management (duration of studies is 6 semesters, 180 ECTS credits)

Prerequisites: No prerequisites

Course aims: Understanding of basic economic principles, categories and processes

Names of professor and teaching assistant: Professor Milivoje Radovic, PhD; Teaching assistants : Jovan Đurašković, PhD and Milena Radonjić, MSc

Teaching and learning method(s): Lectures and seminars; discussions and short oral tests of understanding the subject matter treated during lectures and seminars; preliminary exam (written) and final exam (oral)

Syllabus:

Preparatory weeks

Preparation and semester enrolment .

Week I

Economics basics.

Week II

Economics and economic system.Ten Principles of Economics.

Week III

Thinking like an economist. Interdependence and the Gains from Trade.

Week IV

The Market Forces of Supply and Demand. Elasticity and Its Application.

Week V

Consumers, Producers and  the Efficiency of Markets.

Week VI

The Costs of Taxation.

Week VII

Public Sector Economics. Externalities. Public Goods and Common Resources.

Week VIII

Preliminary exam (written).

Week IX

The Costs of Production .

Week X

Firms in Competitive Markets. Monopoly. Oligopoly.

Week XI

The Markets for the Factors of Production.

Week XII

Macroeconomics – Measuring a Nation's Income.

Week XIII

Unemployment and Natural Rate of Unemployment.

Week XIV

Money and Prices in the Long Run – The Monetary System.

Week XV

Money Growth and Inflation.

Week XVI

    Exam

Week XVII

   Exam

Week XVIII -XXI

   Exam

STUDENT WORKLOAD

per week

8 credits x 40/30 = 10,67 hours

Structure:

Lectures: 2 hours

Seminars: 2 hours

Individual work: 6,67 hours including tutorials

per semester

Subject workload 8 x 30 = 240 hours

Structure:

Classes and final exam: 10,67 x 16 weeks = 170,72 hours

Preparation needed before start of semester (administration, enrolment and verification): 10,67 x 2 =21.34 hours

Additional work for preparing and takng exams in re-sit period: 47,94 hours

Student duties: Students must attend lectures and seminars and participate actively.

Textbooks and other reading materials:

Gregory Mankiw, „Principi ekonomije“, 3rd edition (required)

Gregory Mankiw, Mark Taylor, „Ekonomija“, european edition, CID Faculty of Economics, Belgrade, 2016.

Assessment methods:  

  • Midterm (40 points)
  • Final exam (45 points)
  • Classroom participation (15 points)
  • Total points : 100 (in order to get a passing grade at the exam student has to gain at least 50% of total points)

Remarks:

 

Syllabus made by:            Professor Milivoje Radović, PhD

 

Note(s):

 

 


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