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.
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 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 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%
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.
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 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 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%