Week |
Subject |
Related Preparation |
1) |
Ten Principles of Economics: Trade-offs, Costs, Rationality, Opportunity Cost, Market Economies, Government Interventions, Inflation |
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2) |
Thinking like an Economist: Economics as a Science, Assumptions and Models, Micro and Macroeconomics, Positive and Normative Analysis. |
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3) |
Interdependence and Gains From Trade: Production Possibilities, Absolute And Comparative Advantages |
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4) |
The Market Forces of Demand and Supply: The Nature of a Competitive Market, Individual and Market Demand, Individual and Market Supply, Equilibrium and Changes in Equilibrium |
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5) |
Elasticity and its Applications: Price Elasticity of Demand and its Computation, Total Revenue and Elasticity of Demand, Price Elasticity of Supply and its Computation |
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6) |
Supply, Demand and Government Policy: Price Controls, Price Floors & Ceilings, Taxes |
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7) |
Review |
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8) |
Consumers, Producers and the Efficiency : Consumer & Producer Surplus, Market Efficiency |
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9) |
The Costs of Taxation: The Deadweight Loss of Taxation, the Determinants of the Deadweight Loss, Tax Revenue, Laffer Curve |
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10) |
International Trade: The Determinants of Trade, Effects of Tariff and Quota |
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11) |
Externalities & Public Goods: Externality, Internalizing Externality, Transaction Costs, Public Goods, Private Goods, Common Resources, Free Rider |
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12) |
The Costs of Production: Total Revenue, Total Cost and Profit, Production Function, Fixed and Variable Costs, Average and Marginal Costs, Cost Curves, Costs in the Short Run and in the Long Run |
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13) |
Firms in Competitive Markets: Profit Maximization & the Competitive Firm’s Supply |
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14) |
Monopoly: Monopolies’ Production and Pricing Decisions, Profit Maximization, Monopolies’ Profit, Welfare Cost of Monopoly, Public Policy Toward Monopolies, Price Discrimination, Oligopoly: Game Theory and the Economics of Cooperation, Public Policy Toward Oligopolies |
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Program Outcomes |
Level of Contribution |
1) |
Upon the completion of the program, the students will be able to; Utilize the theoretical information they have acquired in private security sector |
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2) |
Develop the skill of working in a team cooperatively |
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3) |
Develop the skill of identifying and analyzing the vocational problems of private security and resolving them effectively. |
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4) |
Develop the behavioral consciousness of occupational ethics and sense of responsibility |
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5) |
Develop an awareness for life long learning and physical progress |
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6) |
Develop the skill of having information about daily problems and developments about private security. |
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7) |
Comprehend the laws and regulations of the sector. |
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8) |
Develop the skill of effective communication. |
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9) |
Develop the skill of adopting the security technologies. |
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10) |
Develop the skill of planning and practicing vocational processes. |
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11) |
Develop the skill of having entrepreneurship personality |
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12) |
Develop the skill of communicating in the private security sector in a foreign language. |
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