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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) |
Grasp basic theoretical and conceptual knowledge about the field and relations between them at the level of practice. |
2 |
2) |
Possess basic knowledge about the causes and effects of political transformations in societies. |
2 |
3) |
Possess knowledge about quantitative, qualitative and mixed research methods in social and behavioral sciences. |
2 |
4) |
Recognize historical patterns while evaluating contemporary political and social developments. |
3 |
5) |
Demonstrate interdisciplinary and critical approach while analyzing, synthesizing and forecasting domestic and foreign policy. |
3 |
6) |
Conduct studies in the field professionally, both independently or as a team member. |
2 |
7) |
Possess consciousness about lifelong learning based on Research & Development. |
3 |
8) |
Communicate with peers both orally and in writing, by using a foreign language at least at a level of European Language Portfolio B1 General Level and the necessary informatics and communication technologies. |
2 |
9) |
Apply field-related knowledge and competences into career advancement, projects for sustainable development goals, and social responsibility initiatives. |
3 |
10) |
Possess the habit to monitor domestic and foreign policy agenda as well as international developments. |
2 |
11) |
Possess competence to interpret the new political actors, theories and concepts in a global era. |
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12) |
Evaluate the legal and ethical implications of advanced technologies on politics. |
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