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Course Syllabus

Bachelor 2025/2026

Economics

Type: Compulsory course (Data Science and Business Analytics)
Delivered by: Big Data and Information Retrieval School
Where: Faculty of Computer Science
When: 1 year, 2, 3 module
Online hours: 40
Open to: students of one campus
Language: English
ECTS credits: 3
Contact hours: 40

Course Syllabus

Full SyllabusAsk Question

Abstract

Introduction to Economics is a two-module course delivered for the first-year DSBA students. First part of the course is based on online course on Coursera platform “Microeconomic Principles”. The second part of the course will be devoted to Macroeconomic Principles and will be taught in-class. This course is designed to develop students’ critical thinking and economic reasoning skills and focuses on the core micro- and macroeconomic models. Based on standard modelling framework, the course addresses problems of market structures, equilibrium and market failures. It also provides the basic toolkit for the analysis of business cycles, such as the IS-LM-BP and AD-AS models, and describes the real world phenomena such Central banks actions, social policy of the government etc in the framework of that models. PREREQUISITES: This is an introductory course and requires virtually no specific knowledge of the subject. Working knowledge of mathematics (i.e. elementary calculus) is a must.
Learning Objectives

Learning Objectives

  • To introduce students to the main analytical tools which are used in economic analysis.
  • To introduce students to the main conclusions derived from economic analysis, and develop their understanding of their organizational and policy implications.
  • To explain the core concepts of economics.
  • To provide an analysis of the behavior of economic agents, both at micro- and macro- levels.
Expected Learning Outcomes

Expected Learning Outcomes

  • Students should be able to apply and use economic concepts and models to analyze these issues
  • Students should be able to assess the potential and limitations of the models and methods used in economic analysis
  • Students should be able to define the main concepts and describe the models and methods used in economic analysis
  • Students should be able to define the main concepts and describe the models and methods used in economic analysis
  • Students should be able to formulate real world issues in the language of economic concepts and models
  • Students should be able to formulate real world issues in the language of economic concepts and models
Course Contents

Course Contents

  • Introduction to Basic Principles
  • Supply and Demand
  • Market efficiency and Government policies
  • Elasticities
  • Production and Costs
  • Competitive output
  • Firms with market powers
  • Public Goods, Common Resources and Externalities
  • Introduction to Macroeconomics.
  • The goods market in the closed economy
  • Financial markets
  • General equilibrium, employment and government policy.
  • The labour market. Phillips curve.
  • The open economy.
Assessment Elements

Assessment Elements

  • non-blocking quiz
    3 quizes per module, which include multiple choice and short answer problems
  • non-blocking seminar activity
  • non-blocking colloquium 2nd module
    in-person colloquium is tentatively planned for the week preceding the final examinations and will cover topics from the course
  • non-blocking colloquium 3rd module
    in-person colloquium is tentatively planned for the week preceding the final examinations and will cover topics from the course
  • non-blocking control work 2nd module
  • non-blocking exam 3rd module
    Exam in the form of a control work in 3rd module.
Interim Assessment

Interim Assessment

  • 2025/2026 3rd module
    0.15 * colloquium 2nd module + 0.15 * colloquium 3rd module + 0.25 * control work 2nd module + 0.25 * exam 3rd module + 0.1 * quiz + 0.1 * seminar activity
Bibliography

Bibliography

Recommended Core Bibliography

  • Blanchard, O., Amighini, A., & Giavazzi, F. (2013). Macroeconomics: A European Perspective (Vol. 2nd ed). Harlow: Pearson. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1418008

Recommended Additional Bibliography

  • Lipsey, R., & Chrystal, A. (2015). Economics. Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.oxp.obooks.9780199676835

Authors

  • VEKILYAN ARMINE VAGENAKOVNA
  • Абдулхакимов Мухиддин Мураджанович