| COURSE NUMBER: |
ECON 4999 |
|
|
| COURSE TITLE: |
Economic Concepts |
CATALOG DESCRIPTION:
Prerequisite: Graduate (MBA) student status. This course
is designed to cover the subject of introductory micro and macro economics.
It includes selected topics of intermediate micro and macro theory. |
LEARNING OUTCOMES:
The principal learning outcomes of this course are:
-
To learn how to read the economics related items in the economics/business
section of national newspapers with understanding
-
To understand how markets work and how government interference affects
them
-
To understand the basic reasoning underlying the construction of demand,
production, cost and supply functions
-
To understand different types of market structures (on a scale of market
power from perfect competition to monopoly)
-
To understand that the principles applicable to the study of output markets
are the same as those applicable to the study of input markets
-
To understand basic open-macroeconomic theory with the framework of aggregate
demand and aggregate supply
-
To understand how the framework generates insights about inflation, employment,
national income and business cycles
-
To understand how any given initial change gets multiplied through the
economy via the multiplier effect
-
To understand the basic concepts in monetary and fiscal policy
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To familiarize students with some basic concepts of international economics
|
| RELATIVE TOPIC EMPHASIS (45 hour semester)
Topics |
Approximate
Class Hours
|
| 1. Microeconomic concepts |
22.5
|
| 2. Macroeconomic concepts |
22.5
|
|
45 |
|