KING FAHD UNIVERSITY OF PETROLEUM & MINERALS

COLLEGE OF INDUSTRIAL MANAGEMENT

Department of Finance & Economics

2001-2002 (Term 011)

 

Econ 501                     :           Principles  of Economics – MBA Level

Instructor                     :           Dr. Usamah A. Uthman

Office                          :           B24/296

Office Hours                :           6:30 – 7:30 PM Saturday

Textbook                     :           Samuelson, Paul and William Norhdaus:  Economics

                                                16th Ed., McGraw-Hill, 1998

 

Course Objective     :           This course is a blend of both micro-and macroeconomics.  The microeconomic part analyzes the nature of the economic problem, the forces that determine supply and demand and their interaction to determine output and prices.  It focuses on the study of individual markets; individual consumers and individual firms under different market structures. The macroeconomic part studies the behavior of aggregate economic variables such as employment, income, interest rate, and the price level.  It also studies the balance of payments of a country, which involves its transaction with the rest of the world.  In short the study of the principles of economics represents the foundation for every study in academic and real-world business enquiry.

 

Course Outline

 

Chapter   1                  :           The Fundamentals of Economics

Chapter   2                  :           The Shifting Boundary Between Markets and Governments

Chapter   3                  :           Basic Elements of Supply and Demand

Chapter   4                  :           Applications of Supply and Demand

Chapter   5                  :           Demand and Consumer Behavior

Chapter   6                  :           Production and Business Organization (pp. 102-110)

Chapter   7                  :           Analysis of Costs

Chapter   8                  :           The Behavior of Perfectly Competitive Markets

Chapter   9                  :           Imperfect Competition and Its Polar Case of Monopoly

Chapter 10                  :           Oligopoly and Monopolistic Competition

Chapter 20                  :           Overview of Macroeconomics

Chapter 21                  :           Measuring Economic Activity

Chapter 22                  :           Consumption and Investment

Chapter 23                  :           Business Cycles and the Theory of Aggregate Demand

Chapter 24                  :           The Multiplier Model    (Algebraic Derivation and Applications of the Multiplier

  Introduced by Professor)

Chapter 33                  :           Policies for Growth and Stability

                                                (Budget Deficit and Public Debt Emphasized)

Chapter 26                  :           Central Banking and Monetary Policy (pp. 498-513)

Chapter 31                  :           Open-Economy Macroeconomics

Chapter 27                  :           Process of Economic Growth

Chapter 29                  :           Unemployment and the Foundations of Aggregate Supply

Course Requirements:

 

First Exam                                            30%              17 Rajab 1422 (04 Oct 2001)

(Thursday, 12:30 PM, B24/-121)

Second Exam                                       30%               23 Sha’ban 1422 (08 Nov 2000)

(Thursday, 12:45 PM, B24/121)

Final Exam      Comprehensive            40%

 

            Total                                        100%


KING FAHD UNIVERSITY OF PETROLEUM & MINERALS

COLLEGE OF INDUSTRIAL MANAGEMENT

Department of Finance & Economics

2000-2001 (Term 002)

 

Econ 501                     :           Principles  of Economics – MBA Level

Instructor                     :           Dr. Usamah A. Uthman

Office                          :           B24/296

Office Hours                :           6:30 – 7:30 PM Saturday

Textbook                     :           Samuelson, Paul and William Norhdaus:  Economics

                                                16th Ed., McGraw-Hill, 1998

 

Course Objective     :           This course is a blend of both micro-and macroeconomics.  The microeconomic part analyzes the nature of the economic problem, the forces that determine supply and demand and their interaction to determine output and prices.  It focuses on the study of individual markets; individual consumers and individual firms under different market structures. The macroeconomic part studies the behavior of aggregate economic variables such as employment, income, interest rate, and the price level.  It also studies the balance of payments of a country, which involves its transaction with the rest of the world.  In short the study of the principles of economics represents the foundation for every study in academic and real-world business enquiry.

 

Course Outline

 

Chapter   1                  :           The Fundamentals of Economics

Chapter   2                  :           The Shifting Boundary Between Markets and Governments

Chapter   3                  :           Basic Elements of Supply and Demand

Chapter   4                  :           Applications of Supply and Demand

Chapter   5                  :           Demand and Consumer Behavior

Chapter   6                  :           Production and Business Organization (pp. 102-110)

Chapter   7                  :           Analysis of Costs

Chapter   8                  :           The Behavior of Perfectly Competitive Markets

Chapter   9                  :           Imperfect Competition and Its Polar Case of Monopoly

Chapter 10                  :           Oligopoly and Monopolistic Competition

Chapter 20                  :           Overview of Macroeconomics

Chapter 21                  :           Measuring Economic Activity

Chapter 22                  :           Consumption and Investment

Chapter 23                  :           Business Cycles and the Theory of Aggregate Demand

Chapter 24                  :           The Multiplier Model    (Algebraic Derivation and Applications of the Multiplier

  Introduced by Professor)

Chapter 26                  :           Central Banking and Monetary Policy (pp. 498-513)

Chapter 31                  :           Open-Economy Macroeconomics

Chapter 27                  :           Process of Economic Growth

Chapter 29                  :           Unemployment and the Foundations of Aggregate Supply

Chapter 33                  :           Policies for Growth and Stability

                                                (Budget Deficit and Public Debt emphasized)

Course Requirements:

 

First Exam                                            30%              26 Dhu Al Hijah 1421 (21 Mar 2000)

(Wednesday, 6:30 PM, B24/-121)

Second Exam                                       30%               08 Safar 1422 (02 May 2000)

(Wednesday, 6:45 PM, B24/121)

Final Exam      Comprehensive            40%

 

            Total                                        100%