ECON105 Understanding Business

Print this page Please use the scale options of your printing settings for adjustments.

Course Code Course Title Weekly Hours* ECTS Weekly Class Schedule
Wednesday: 09:00 - 11:50 o' clock
Prerequisite None It is a prerequisite to


Lecturer Office Hours / Room / Phone

Currently not available

Assistant N/A Assistant E-mail
Course Objectives The purpose of this course is to provide an assessment of the business in terms of its environment, ownership, social responsibility and ethics. Furthermore, this course aims to familiarize students with major pillars of business, HRM, accounting, marketing and financial management.
Textbook Ebert, R. J. & Griffin, R. W. (2013). Business Essentials. (9th ed.). Pearson Publishing.
Additional Literature
Learning Outcomes After successful  completion of the course, the student will be able to:
  1. Demonstrate the knowledge of the business environment.
  2. Identify basic forms of business ownership, ethics, and social responsibility.
  3. Explain the functional areas of business management.
  4. Demonstrate the understanding of employee behavior, motivation, leadership, decision making, and HRM.
  5. Identify marketing, consumer behavior, accounting, and financial management information and processes.
Teaching Methods The methods include lectures (which may involve power point presentations and interactive class discussions).
Teaching Method Delivery Teaching Method Delivery Notes
Week 1 Introduction - The Business Environment Chapter 1
Week 2 Business Ethics and Social Responsibility Chapter 2
Week 3 The Global Context of Business & Review for Quiz Nr. 1. Chapter 4
Week 4 Quiz Nr. 1. on Ch. 1,2 & 4 + Ch.6. "Organizing the Business" Chapter 6
Week 5 Employee Behavior and Motivation Chapter 8
Week 6 Leadership and Decision Making + Review for the Midterm Exam Chapter 9
Week 7 The Midterm Exam Chapter 1,2,6,8 & 9
Week 8 Human Resource Management and Labor Relations Chapter 10
Week 9 Information Technology for Business Chapter 13
Week 10 The Role of Accountants and Accounting Information Chapter 14
Week 11 Managing Finances Chapter 16
Week 12 Risk Management Appendix I
Week 13 The Legal Context of Business Appendix II
Week 14 Managing Your Personal Finances Appendix III
Week 15 The Final Exam Ch.8,9,10,11,13,14 & 16
Assessment Methods and Criteria Evaluation Tool Quantity Weight Alignment with LOs
Final Exam 1 40 1,2,3,4 & 5
Semester Evaluation Compenents
Midterm Exam 1 30 1,2 & 3
Quiz 1 20 1 & 2
Participation 1 10 1,2,3,4 & 5
***     ECTS Credit Calculation     ***
 Activity Hours Weeks Student Workload Hours Activity Hours Weeks Student Workload Hours
Lecture Hours 2 15 30 Home Study 1 15 15
Quiz 5 2 10 Midterm Exam Study 10 1 10
Final Exam Study 10 1 10
        Total Workload Hours =
*T= Teaching, P= Practice ECTS Credit =
Course Academic Quality Assurance: Semester Student Survey Last Update Date: 15/02/2021
QR Code for

Print this page Please use the scale options of your printing settings for adjustments.