Course Syllabus Template
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1 Course Syllabus Template Course Information Academic Unit: Faculty of Law Course Title: Economy Level: Bachelor Course Status: Obligatory Study year: 1 st year, 1 st semester Number of hours per week: 3+2 Credits / ECTS: 6 Time / Location: Large Amphitheater Course Lecturer: Prof. Asoc. Dr. Mejdi Bektashi Prof. Dr. Hivzi Sojeva Contact details: mejdi.bektashi@uni-pr.edu h_fs_sojeva@hotmail.com Course Description (content): Course Learning Objectives: Expected Learning Outcomes: Studying of the course "Economy" is a general introduction on the knowledge and methods of elaboration of economic science. Explanation of economics helps the students to understand better and easier, to explain and to analyze matters relating to the categories and economic laws. The main objective of the course is that students will be able to explain the basic concepts of economics, such as insufficient resources, choices, usefulness, inputs, outputs, costs, economic activities, economic goods etc. After obtaining knowledge of these concepts, also will be explained the sources of economic knowledge, principles of economic thinking, to proceed with the recognition of types of economic systems and to continue with the explanation of the linkage between the law and economics. Abilities and skills that will obtain students after successful completion of this course are: Understand and describe the different ways of thinking about various economic phenomena (economic way of thinking); Ability to describe the primary economic problems facing each individual: the insufficiency and choice; Ability to describe and analyze basic economic problems, terminology (language of the economy) and to develop rational economic logic; Ability to compare the relationship between the lack of resources, value, usefulness, wealth and spending; Knowledge to make the difference between a 1
2 market economy, socialism or the mixed economy. Contribution on student load (must correspond with learning outcomes) Activity Hours Days/week Total Lectures Theoretical/laboratory Exercises Practice work Contact with lecturer/consultations 10 min Field exercises Mid-terms, seminars Homework Time spent on individual learning (at the library or home) Final preparation for the exam Time spent on evaluation (tests, quiz, final exam) Projects, presentations, etc. Total hours Teaching methodology: The course will be organized in the form of lectures, exercises and consultations. Evaluation methods: The first evaluation: 30% Second evaluation: 30% Homework or other commitments: 5% Regular attendance: 5% Final exam: 30% Total 100% Literature Basic Literature: Additional Literature: 1. Dr.sc. Mejdi Bektashi & Mr.sc. Nysret Gacaferri: Economy Second Edition Revised, University of Prishtina, Faculty of Law, Prishtina, Terli Mings: The study of economics, principles, concepts and applications, SHBLU, Tirana, John Kenneth Galbraith: History of the economy, the Institute of Dialogue and Communication, Tirana, Dr.sc. Mejdi Bektashi: Economic analysis of law, authorized lectures for Master studies, Prishtina, Group authors: Introduction to Economics, PEGI, Tirana, Paul De Grauwe: Economics of Monetary Union, First Edition, Tirana, Zana Koli & Shyqyri Llaci: Human Resources 2
3 Designed Study Plan: Week First week: Second week: Third week: Fourth week: Fifth week: Sixth week: Management, SHBLU, Tirana, Selman Selmanaj: Globalization and Transition, Riinvest, Prishtina, John Pinder: The European Union, Brief Introduction, Co-PLAN, Tirana, Manfred B. Steger: Globalization, Brief Introduction, Co-PLAN, Tirana, Joseph Stiglitz: Globalization and Its Discontents, Washington, Lectures which will be held Basic knowledge about understanding the economy, The object of studying the economics, various definitions and concepts on the economy, different definitions of the economy (Literature: Dr.sc. Mejdi Bektashi & Mr.sc. Nysret Gacaferi: Economy - Second Edition revised, University of Prishtina, Faculty of Law, Pristina, 2005, Hereinafter: MB and NG economy 2005, pp ; and Terli Mings: study economics, principles, concepts and applications, BLU, Tirana, 1993, pp and Scarcity and Choices, Resources and economic goods, The language of economy, Categorization of economy, Functions of economic science (Literature: MB & NG, Economy 2005, pp and Group author's: Introduction to Economics, PEGI, Tirana, 2002, pp.17-18). Sources of economic knowledge, principles of economic thinking, economic thoughts in the Ancient Mercantilist School, Physiocracy school, Classical economy, Marxist economy, Neoclassical economy, Keynesian economy, Neoliberalism and criticism, Modern economy, Institutional economy, Positive and normative economy as approach of analyzing the economic phenomena (Literature: MB & NG, Economy 2005, pp and John Kenneth Galbraith: History of the economy, the Institute of Dialogue and Communication, Tirana, 2004, pp. 9-18). Economic science and economic activities, usefulness, needs and resources, Ex-post and ex-ante analysis, Methods of studying the economics, economic entities, economic institutions, change of institutions (Literature: MB & NG, Economy, 2005 pp and Terli Mings, pp ). Economic systems and their types (traditional economy, market economy, command economy and mixed economy), the primary problems of the market economy, Law and economics, economic analysis of crime (Literature: MB & NG, Economy, 2005, pp.80-96, Terli Mings, pp.52-53, and Dr.sc. Mejdi Bektashi: Economic Analysis of Law, Authorized lectures for Master studies, Prishtina, 2006, pp. 5-20). Capitalism - market economy, Capital recycling, Capital 3
4 Seventh week: Eighth week: Ninth week: Tenth week: Eleventh week: Twelfth week: accumulation, Markets and competition, mechanism of action of the market, Competition and the types of competition, The main strategies of competition. (Literature: MB and NG, Economy, 2005, and Group author's, pp ; Introduction to Economics, PEGI, Tirana, 2002, pp ). Supply and demand, The law of supply and demand, Supply and Demand Equilibrium, firms (enterprises) and their organization, individual firms, partnerships and corporations. (Literature: MB and NG, Economy, 2005, and Group authors, pp ; Introduction to Economics, PEGI, Tirana, 2002, pp Terli Mings, pp ). Forms of advancing the capital, industrial capital and industrial profit, Trading capital and trading profit, turnover costs, pure turnover costs (net) and heterogeneous costs (production), Debt capital and interest, Banks and banking business. (Literature: MB and NG, Economy, 2005, pp ; and Group authors: Introduction to Economics, PEGI, Tirana, 2002, pp ). Shareholders equity and dividends, share price, Fictitious capital, Rents - Income from the property on the land, The differential rent I and II, Absolute rents, Monopolistic rents, Land rents, Land prize. (Literature: MB and NG, Economy, 2005, pp ). Types of monopolies, Joint-stock companies, monopolistic links, forms of high and low monopolistic links, Types of monopolies by the number of participants, Monopolies and competition. (Literature: MB and NG Economy, 2005, pp ). Money and functions of money, disorders in the amount of money in circulation, Inflation - Consequences of Inflation, causes and types of inflation, economic, political and social consequences of inflation, Devaluation, Deflation (desinflation), Nullification (denomination), stagflation, Banks and the banking system, Historical development of banks (Literature: MB and NG, Economy, 2005; and Paul De Grauwe pp ; Economics of Monetary Union, First Edition, Prishtina, 2006, pp and ). Economic cycles (conjectural), Theories of cyclic development of the economy, Employment and unemployment, Unemployment types and consequences, Causes of unemployment, Determinants of the supply of labor in the labor market, Labor market discrimination and inequalities in income, The employment of the workforce and the labor market, Labor union, Membership in labor union, international labor unions, Social dialogue and collective bargaining, What contains collective bargaining?, Government, employers and trade unions (Literature: MB and NG, Economy, in 2005, pp ; Paul De Grauwe: Economics of Monetary Union, First Edition, Prishtina, 2006, pp ; and Zana Koli & Shyqri Llaci: Human Resources Management, SHBLU, Tirana, 2001, pp ). 4
5 Thirteenth week: Fourteenth week: Fifteenth week: The open economy and international trade, Adding and economic development, Transition period, Characteristics of transition economies, priority measures to be taken during the transition period, The policy of free trade and protectionism (Literatura: MB and NG, Economy, 2005, pp ; Selman Selmanaj: Globalization and Transition, Riinvest, Prishtina, 2006, pp ). Economic integrations, The European Union, the functioning and results, What are the primary goals of economic integration?, NAFTA mechanism, operation and results, the World Trade Organization, market and market infrastructure, When the state intervenes in the economy? Who govern in modern economies? (market or State), (Literature: MB & NG, Economy, 2005, pp ; John Pinder: The European Union - Brief Introduction, Co- PLAN, Tirana, 2004, pp.13-45). Anti-monopolistic measures and legislation, Entrepreneur and Entrepreneurship, Globalization as a model of development and the challenges of globalization, Replication: questions and answers (Literature: MB & NG, Economy 2005 pp ; Manfred B. Steger: Globalization - Brief introduction, Co-PLAN, Tirana, 2005, pp ; and Joseph Stiglitz: Globalization and Its Discontents, Washington, 2002). Academic Policies and Rules of Conduct: The following behaviors are contrary to academic policies and rules of conduct: Delays in lectures and exercises; Leaving of the hall during lectures or exercises (no reason needed);; Clear signs of non-interest and uninterrupted speech or other forms of behavior that impede due process of learning; Using mobile phone during lectures or exercises will result in loss of points due to misconduct. Violation of academic integrity includes one or more of the following: Cheating during test or final exam; Unauthorized use of notes or books during the test or final exam; Exchange of information with another student during the exam; Giving false statements to justify someone during teaching, practice or exam. 5
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