ECONOMICS THEORY (2 SCU)

Learning Outcomes :

Upon completion of this course, students are expected to be able to: Explain the methods of measuring economy’s output and describe the construction of consumer price index and establish its relation with inflation and interest rates, Explain how supply and demand of labor has shaped the trend of labor markets among countries and its effect on unemployment and discuss economic growth dependence on financial sector, financial crises and inflation, Review macroeconomic policy, and describe how fiscal policy affects both aggregate demand and supply, Explain the advantages and disadvantages of fixed, flexible, and partially flexible exchange rates, and Prepare and present a report with macroeconomic topics.

Topics :

This course is designed as an introductory unit for Macroeconomics. It contains a full development of the theory of all alternative perspectives in economics. Topics include an introduction to the nature of economics, the private and public sectors of the economy, major economic problems, such unemployment and inflation, and the use of fiscal and monetary policy and its influence on the economy.

Pre-requisite: Microeconomics