COURSE CONTENT
Introduction To Economics
• Basic Questions in Economics
• Market Demand and Supply
• Price Controls
• Market Failures and Externalities
Production Costs
• Types of Cost
• The Short-Run and The Long-Run
• Economies and Diseconomies of Scale
• Profit Maximization
• Shut-Down And Break-Even Points
Types of Competition
• Perfect Competition
• Monopoly
• Monopolistic Competition
• Oligopoly
Macroeconomics: The Problems And Solutions
• GDP and Economic Growth
• Business Cycles
• Unemployment
• Inlation
Fiscal Policy
• Expansionary Policy
• Contractionary Policy
• Controlling Recession
• Controlling Inflation
Money and Banking
• Functions of Money
• Money Supply : M1, M2 and M 3
• Principles of Banking
• Functions of Central Bank
Monetary Policy
• Reserve Ratios
• Open Market Operations
• Controlling Unemployment
• Controlling Inflation
International Trade and Finance
• Absolute versus Comparative Advantage
• Free Trade and Protectionism
• Balance of Trade and Balance of Payments
• Foreign Exchange Rates