International Information Technology University JSC
Faculty of Information Technology
Department of Economics and Business
Approved
Vice-Rector for Academic and Educational
Affairs of IITU JSC, PhD
__________ Umarov T.F.
«___» __________ 2020
METHODOLOGICAL COMPLEX
Course (code, title): ETH 1111 Economic theory
Major (code, title): В046 Finance, economy, banking and insurance
Educational program (code, title): 6B04104 Financial Engineering, 6B04105 Financial
technologies
Form of study: full time
Author
(name, title, position, signature): Askarov D.T., PhD, assistant professor ____________
Head of the Department: Shildibekov Ye. Zh., PhD ____________
Almaty 2020
Table of Contents
No
List of documents
1
Standard academic program for compulsory courses
2
Academic program (syllabus)
3
Literature resources
4
List of specialized classroom facilities (if available)
5
Lectures complex (lecture notes, illustrations and handouts, list of recommended
literature)
6
TSIS methodological guidelines (typical calculations, laboratory work, course projects
(works)
7
SIS methodological guidelines
8
Software and multimedia resources
9
Assessment and evaluation materials
2. Syllabus
International Information Technology University JSC
Faculty of Information Technology
Department of Economics and Business
Approved
Vice-Rector for Academic and Educational
Affairs of IITU JSC, PhD
__________ Umarov T.F.
«___» __________ 2020
ACADEMIC PROGRAM (SYLLABUS)
Course (code, title): ETH 1111 Economic theory
Major (code, title): В046 Finance, economy, banking and insurance
Educational program (code, title): 6B04104 Financial Engineering, 6B04105 Financial
technologies
Year: 1; Semester: 1, Number of credits: 4 ECTS
Lectures: 15 hours
Laboratory classes: 30 hours
T/SIS: 90 hours
Total: 135 hours
Final assessment form: Examination
Almaty 2019
Academic program of the course ETH 1111 Economic theory has been developed on the basis of
the State Standard for Higher Education and Academic Plan of the educational programs.
Academic program has been reviewed at the meeting of Economics and Business department.
Minutes №. 1 dated «_____» ________ 2020
Head of the Department ___________ Shildibekov Ye. Zh., PhD
Author ___________ Askarov D.T., PhD
The academic program has been approved at the meeting of IITU SMC
Minutes №. _____ dated «_____» ________ 2020
Head of the Department
of Academic and Methodological
Guidance __________ Mustafina A.K.
1. GENERAL INFORMATION
Faculty
Information Technology
Course title
ETH 1111 Economic Theory
Major code and title
В046 Finance, economy, banking and insurance
Educational program code and title
6B04104 Financial Engineering, 6B04105 Financial technologies
Year, semester
Year 1, semester 1,
Subject category
Compulsory Elective Profiling
Number of credits (ECTS)
4
Prerequisites
–
Postrequisites
Microeconomics, Macroeconomics
Lecturer
Name, title, position, office address, telephone, fax, e-mail, office
hours, etc)
Askarov Dauren, assistant professor, 201 office,
d.askarov@edu.iitu.kz
Office hours: Monday 12.10-13.00, Tuesday 14.10-15.00
2. GOALS, OBJECTIVES AND LEARNING OUTCOMES OF THE COURSE
The course goal is to study and explain processes and the phenomena of economic life, and for this
purpose it should get into an essence of deep processes, explain laws and predict ways of their
use.attempts to provide comprehensive coverage of all the key elements in the discipline.
The objectives of the course. Students will gain an elementary understanding of the subject of
microeconomics (which covers the fundamental theories of the consumer, the firm, and markets) and
macroeconomics (which is the branch of economics concerned with aggregates, such as GDP,
economics growth, and unemployment). The course will teach theory, as well as relate economics to
the everyday world around us.
Learning outcomes of the course
Students successfully completing the course will be able to:
– explain how to use economics as a tool in the decision making process and apply economic theory to
unfamiliar situations as well as to everyday life.
– demonstrate basic understanding of the fields of micro and macroeconomics.
– assess and analyze how effective markets are at allocating resources and when there may be a role for
government intervention.
3. Course description
This course is open to anyone, without a background in Economics, who is curious about Economics
and why it has such a big impact on our lives.
Economic theory is the social science of choices, whether that choice is made by an individual, a firm, a
government or a planet. It is a science in that economists try to explain and rationalize behavior through
models and hypothesis testing. It is social because, at the end of the day, interaction between economic
agents is what drives the most interesting and engaging questions.
This course will introduce to you what it means to “think like an economist.” We begin with the
foundations that underlie all of economics. We then divide and explore the two broad divisions within
economics: microeconomics, which looks at individual agents’ behaviors and their interactions in
markets, and macroeconomics, which deals with broad trends of the economy. We will tie theoretical
concepts with practical economic issues of our concrete world.
Key types and techniques of teaching include lectures listening, solving of problems and applications,
answering on questions for review, preparing of presentations, working in groups, answering tutorial
quizzes.
4. COURSE POLICY
Tardiness, Absentee, Class participation: Your class participation is based on attendance, and on
participation, in class activities including class discussions. Any absence will affect your grate
negatively. For lecture and seminars student are allowed to be late for 15 minutes, however if student
