Engineering Economy (4 Credits)

Learning Outcomes:

On successful completion of this Course, students will be able to: Explain basic concept of economic theory; Apply consumer behavior, producer behavior, and market equilibrium (Microeconomics) and inflation, unemployment, and economic growth (Macroeconomics); Analyze market structures in Microeconomics markets, goods market and financial markets in macroeconomics markets, and economic system and economic crisis.

Topics:

1. The Scope of Microeconomics
2. Supply, Demand, Market and consumer Behavior
3. The Production Process and Cost Process
4. Input Demand: The labor, Land Markets
5. Structure Market: Perfect Competition, Monopoly, Oligopoly and Monopolistic Competition
6. Externalities and Asymmetric Information
7. The Scope of Macroeconomics: Unemployment, Inflation, Growth, and Income Distribution
8. Aggregate Output
9. The Government and The Fiscal Policy
10. The Money Supply and Money Demand and The Moneter Policy.