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Course Details with Online Syllabus:
MBA-ECO: Economics Module

 
DETAILED COURSE INFORMATION WITH SYLLABUS | ONLY FOR ARCHIVE PURPOSES (LEGACY STATUS SINCE 2015)
Course Code MBA-ECO
Course Name Economics Module
EUCLID Image
US Credits (USCH) 5
ECTS 5 x 1.5 - 1.7 (see Academic Standards)
Main Prerequisite LAW-INT1
Regular Instructor / Assigned Faculty (responsible for student interaction, validation and grading of student assignments, constructive feedback, oral examinations)

Momodou Fanneh

Note: see biography under Faculty Profiles

Faculty Coordinator (responsible for entry and exit coordination and interfacing between student and instructor(s))

Laurent Cleenewerck

Note: see biography under Administration

Syllabus Specialist (responsible for maintaining syllabus database and implementation of revised standards)

Ghebrehiwet Ghebremedhin

Note: see biography under Administration

Language for this course code E

General Concepts and Guidelines:

It is important to note that EUCLID functions under an intergovernmental mandate to deliver programs of higher education that conform to international standards and that are fully documented (Statutes IX). Accordingly, a standard 3 USCH course,which is at least equivalent to 4.5 ECTS, represents a number of classroom instruction hours equivalent to 3 x 12.5 = 37.5 hours (lower base line) – 3 x 14 = 42 hours (higher base line).

Even in the case of courses for which lectures (audio / video) are available to cover the entirety of the material, reading assignments are mandatory.

In the case of courses that are primarily delivered by means of reading assignments, EUCLID considers that a standard 3 USCH course should correspond to approximately 600-800 pages of intense, directly relevant readings. This is consistent with generally accepted standards applicable to the USCH and ECTS systems. Moreover, EUCLID favors full textbooks over compiled chapters from heterogeneous sources.

For practical and organizational reasons, this study workload is structured in the format of one semester (about 15 weeks). This logical ‘semester’ is organized in 7 periods of ‘2 weeks’ each, the last one being a buffer and final study period. Because EUCLID has a primary mandate to serve busy government officials for its Participating States, these periods are presented as a structured approach rather than as an enforced set of deadlines. In practice, then, a student may take more or less than 14 weeks to complete the course because the intention is not to reproduce an actual semester but rather to offer a logical breakdown of the course over a flexible span of time.

In all cases, all the assignments must be submitted, approved and graded for the course to be completed.

It must be noted that EUCLID guidelines require that a comprehensive oral examination take place upon completion of all other assignments in order for the final grade to be posted and for the course to be formally completed.

See also: Academic Standards

How to Use this Syllabus:

This standardized syllabus is your study guide for this course.

Most EUCLID courses require the sequential reading of the textbooks (and other materials) listed below. By “reading,” we do not mean mere casual reading but rather intense studying with an effort to memorize (highlighting with comments and taking notes is highly recommended).

The “Course Materials” may include textbooks as well as other types of resources including MP3 downloads, webcasts, compiled PDFs, etc.

It is the responsibility of the student to obtain the Course Materials. In most cases, the resources requires for the course are available from the EUCLID online library.

Once you have completed the reading of the course materials, you must contact your course instructor or coordinator to discuss the proposed theme of the required major paper(s).

Even though the quiz assignment is sometimes considered or listed after the major papers, it is advisable to complete this assignment prior to starting work on the paper(s).

For each quiz questions, do not forget to provide a footnote reference to where (text, page) the correct answer can be found. Remember that the instructor will evaluate your ability to create intelligent questions spanning all required textbooks, offer plausible answers, and properly footnote the textbook reference.

For the paper(s), do not forget that you must comply with all ACA-401 guidelines and requirements. Always refer to the latest Word template and ACA-401 checklist which can be found on the Egnyte Platform.

Student Responsibilities:

  • Read (study) all reading assignments carefully and intensely in order to be able to memorize, re-express, inter-relate and engage the information provided.
  • Write biweekly short reaction papers (“journals”) on the assigned readings, not longer than two single-spaced pages.
  • Write 1 or 2 (as directed) high quality, publishable major papers that meet ACA-401 guidelines and that provide several properly formatted citations to the textbooks.
  • Create a quiz that demonstrates your ability to create intelligent questions with plausible answers, and provide footnotes to the correct answers.
  • Prepare carefully for the final oral examination by re-reading the required textbooks. This is not an open book exam and you should have memorized the key terms and concepts in order to be able to offer a professional articulation and presentation when examined by the instructor.

General Course Description:

Course Objectives:

MBA-ECO is a graduate-level yet approachable course focused on "Fundamentals of Economics," which covers an overview of microeconomics, macroeconomics, economic theory, and international economics, aims to equip students with a broad understanding of economic principles and their application to real-world situations. The main outcomes are: (1) Understanding of Basic Economic Principles and Theories: Students will gain a solid foundation in the core principles and theories of economics, including supply and demand, market equilibrium, elasticity, consumer choice theory, and the production possibilities frontier. They will understand how these principles operate in various types of economic systems and under different market conditions. (2) Knowledge of Microeconomic and Macroeconomic Concepts: Students will learn key concepts in both microeconomics and macroeconomics. Microeconomic topics will include individual and firm behavior, market structures (perfect competition, monopolistic competition, oligopoly, and monopoly), and the role of government in correcting market failures. Macroeconomic topics will cover national income accounting, economic growth, unemployment, inflation, monetary and fiscal policy, and the balance of payments. (3) Insights into Economic Policy and Its Impact: Students will analyze how economic policies, including taxation, government spending, monetary policy, and trade policy, impact the economy at both the micro and macro levels. They will understand the objectives of these policies, such as stabilizing the economy, stimulating economic growth, and redistributing income, and evaluate their effectiveness and potential side effects. (4) Understanding of International Economics and Global Economic Interactions: Students will explore the principles of international economics, including the theories of international trade, exchange rate determination, and balance of payments. They will learn about the benefits and challenges of economic globalization, trade agreements, and the role of international economic institutions like the World Trade Organization (WTO), International Monetary Fund (IMF), and World Bank. (5) Application of Economic Theories to Contemporary Issues: Students will apply economic theories and models to analyze contemporary economic issues and debates, such as income inequality, environmental sustainability, globalization, and the impacts of technological change on the economy. This will involve critical thinking and problem-solving skills, as well as the ability to communicate economic concepts effectively. Through these outcomes, students will not only grasp fundamental economic concepts but will also be able to apply this knowledge to understand and analyze economic events and policies, preparing them for further study in economics or related fields, as well as for informed citizenship and professional careers that require an understanding of economic issues.

Course Outcomes:

Upon completion of this course, the student is expected to able to:

MBA-ECO is a graduate-level yet approachable course focused on "Fundamentals of Economics," which covers an overview of microeconomics, macroeconomics, economic theory, and international economics, aims to equip students with a broad understanding of economic principles and their application to real-world situations. The main outcomes are: (1) Understanding of Basic Economic Principles and Theories: Students will gain a solid foundation in the core principles and theories of economics, including supply and demand, market equilibrium, elasticity, consumer choice theory, and the production possibilities frontier. They will understand how these principles operate in various types of economic systems and under different market conditions. (2) Knowledge of Microeconomic and Macroeconomic Concepts: Students will learn key concepts in both microeconomics and macroeconomics. Microeconomic topics will include individual and firm behavior, market structures (perfect competition, monopolistic competition, oligopoly, and monopoly), and the role of government in correcting market failures. Macroeconomic topics will cover national income accounting, economic growth, unemployment, inflation, monetary and fiscal policy, and the balance of payments. (3) Insights into Economic Policy and Its Impact: Students will analyze how economic policies, including taxation, government spending, monetary policy, and trade policy, impact the economy at both the micro and macro levels. They will understand the objectives of these policies, such as stabilizing the economy, stimulating economic growth, and redistributing income, and evaluate their effectiveness and potential side effects. (4) Understanding of International Economics and Global Economic Interactions: Students will explore the principles of international economics, including the theories of international trade, exchange rate determination, and balance of payments. They will learn about the benefits and challenges of economic globalization, trade agreements, and the role of international economic institutions like the World Trade Organization (WTO), International Monetary Fund (IMF), and World Bank. (5) Application of Economic Theories to Contemporary Issues: Students will apply economic theories and models to analyze contemporary economic issues and debates, such as income inequality, environmental sustainability, globalization, and the impacts of technological change on the economy. This will involve critical thinking and problem-solving skills, as well as the ability to communicate economic concepts effectively. Through these outcomes, students will not only grasp fundamental economic concepts but will also be able to apply this knowledge to understand and analyze economic events and policies, preparing them for further study in economics or related fields, as well as for informed citizenship and professional careers that require an understanding of economic issues.

Required Readings and Resources:

Supplemental Readings and Resources:

Useful Templates and Resources:

Word Template Use this single-spaced template (DOCX) for Response Papers
Word Template Use this double-spaced template (DOCX) for Major Papers
Quiz Template Use this single-spaced sample (DOCX) for the Quiz
Sample RP This is a sample response paper for ACA-401
Sample MP This is a sample major paper for DIP-401
Checklist This PDF is a checklist to use before submitting a paper

Organization and structure of course studies:

Period 1 (Typically, weeks 1-2)
Reading Assignments The International Law of the Sea (Pack 1)
MP3s or Videos LOS Introduction
Method of Instruction Multimedia
Tasks / Assignments Response paper 1
Deliverables Response paper 1

Period 2 (Typically, weeks 3-4)
Reading Assignments The International Law of the Sea (Pack 2)
MP3s or Videos Kristina Gjerde: Making law on the high seas
Method of Instruction Multimedia
Tasks / Assignments Response paper 2
Deliverables Response paper 2

Period 3 (Typically, weeks 5-6)
Reading Assignments The International Law of the Sea (Pack 3)
MP3s or Videos N/A
Method of Instruction Study
Tasks / Assignments Response paper 3
Deliverables Response paper 3

Period 4 (Typically, weeks 7-8)
Reading Assignments The International Law of the Sea (Pack 3)
MP3s or Videos http://untreaty.un.org/cod/avl/ls/Tuerk_LOS.html# (all)
Method of Instruction Multimedia
Tasks / Assignments Response paper 4 is your first major paper
Deliverables Submit first major paper

Period 5 (Typically, weeks 9-10)
Reading Assignments The Law of the Sea in a Nutshell (Pack 1)
MP3s or Videos N/A
Method of Instruction Study
Tasks / Assignments Response paper 5 + record your own 5 minute webcast on any LOS topic
Deliverables Response paper 5 + Start work on second major paper

Period 6 (Typically, weeks 11-12)
Reading Assignments The Law of the Sea in a Nutshell (Pack 2)
MP3s or Videos N/A
Method of Instruction Study
Tasks / Assignments Study course material + writing response paper 6
Deliverables Response Paper 6

Period 7 (Typically, weeks 13-14)
Reading Assignments Read entire UNCLOS conventions (official texts)
MP3s or Videos N/A
Method of Instruction Reading / Academic Review
Tasks / Assignments Revising all materials and videos to prepare for final exam (interview)
Deliverables Submit all assignments due + Course completion

Special Course Comment / Review of Required Assignments to Complete Course:


In addition to the short response papers, the standard required assignments are:

Quiz:

The student must create a multiple-choice or missing word quiz with 10 questions, based on the textbook(s), and with footnoted references to the correct answers (with page number in textbook).

A sample is available at http://www.euclid.int/syllabi/quiz.docx  and can also be found on the Egnyte platform under Courses > ACA-401

Major paper(s):

This course requires the presentation of 2 major paper(s) (standard length is 12-24 pages using the MP template which is double-spaced).The theme is the student’s choice, but must be selected and confirmed in consultation with the assigned instructor, and be based on the required study materials.

The major paper(s) must (1) comply with all ACA-401 guidelines (2) make at least 3 properly formatted references to the textbook(s).

Final Examination:

Once the paper(s) and quiz have been submitted, this course is capped by an extensive oral examination and interactive interview conducted by the assigned instructor using web-conferencing technology (WebEx, Skype).

Composite Evaluation and Grading:

  • 10% of the final grade is based on the response papers
  • 60% of the final grade is based on the major paper(s) and quiz
  • 30% of the final grade is based on the final oral exam / closing interview.

Failure to obtain a passing grade on the final oral exam will result in course failure.

Standard grading scale and academic policies apply to this course.

Standard EUCLID Grading Scale:

Even through there is no internationally standardized grading system, EUCLID uses a scale that is fairly standard, namely:

  1. Grades are numeric (0 – 4) and convertible to letters (F – A)
  2. A+ is a novelty and is not used
  3. EUCLID has a strict grading policy and does not engage in ‘grade inflation’
  4. Grading is based on standards, not ranking within the group
  5. Because of (3), 2.35 or C+ is the pass standard for all courses, provided that a full academic review of all grades under 2.5 conclude that the student does meet requirements for graduation.

Numeric grades are converted to letter grades as follows:

Numeric

Letter

Explanation / Standards

4

A

All objectives are fully met

3.7

A-

All objectives are fully met with minor suggestions for improvement

3.5

B++

Rarely used: All objectives are fully met with minor suggestions for improvement

3.35

B+

All objectives are met with specific suggestions for improvement

3

B

Satisfactory output, but improvement are expected to fully meet all the objectives of the program

2.85

Almost B

Rarely used: Satisfactory output, but improvement are expected to fully meet all the objectives of the course(s)

2.75

B-

Passing but less than satisfactory output. Improvements in more than one course standards are expected to fully meet all the objectives of the course(s)

2.5 - 2.35

C+

Minimum passing grade: Improvements are mandated in more than one course standards are expected to fully meet all the objectives of the course(s)

2

C

Failing grade: does not meet mandatory objectives of the course(s)

1.65

C-

Failing grade: does not meet in any way the objectives of the course(s)

0

Fail

Assignment to does meet in any way the objectives of the courses or contains plagiarism / academic violations

 


   

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