Course Contents
1. Definition of Economics: Definition of economics in terms of wealth, definition of economics in terms of material welfare, definition of economics in terms of scare means and numerous wants.
2. Basic concepts for understanding economics
3. Micro Economics Theory: demand law, elasticity, assumptions, limitations; supply law, elasticity, assumptions, limitations; Markets competition, monopoly, monopolistic competition; Price, price determination under monopoly and under perfect competition; Saving, importance and role of saving in the economy and investment.
4. Macro-Economic Theory: I). Money, functions of money, determination of the value of money, effects of changes in the value of money on different economic groups, the quantity theory of money, the demand for money; II). Banks, functions and kinds of banks; III). Credits, role of credit in the economy; IV). Taxes, principles and classification of taxes; V). Inflation and deflation.
5. The Consumer and the Market: the role of consumers in a free economy, their rights and responsibilities, planning and recording expenditure, role of advertisement in consumer decisions.
Course Learning Outcomes
1. Students will become aware of financial management and consumption.
2. They will be able to understand individual‘s role as a consumer in the development of a country.
3. They will be able to distinguish characteristics and varied functions of banking.
4. They will be able to know Taxation and governing principles of Micro and Macro economics.
Credits, role of credit in the Economy
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Taxes, principles and classifications of taxes
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Taxes, principles and classifications of taxes
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Inflation and Deflation
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Inflation and Deflation
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Inflation and Deflation
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Role of consumer in a free economy, their rights and responsibilities, planning and recording expenditures, Role of advertisement in consumer decisions
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Role of consumer in a free economy, their rights and responsibilities, planning and recording expenditures, Role of advertisement in consumer decisions
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Role of consumer in a free economy, their rights and responsibilities, planning and recording expenditures, Role of advertisement in consumer decisions
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Role of consumer in a free economy, their rights and responsibilities, planning and recording expenditures, Role of advertisement in consumer decisions
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Role of consumer in a free economy, their rights and responsibilities, planning and recording expenditures, Role of advertisement in consumer decisions
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Definition of Economics in terms of wealth, material welfare, in terms of scarce means and numerous wants
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Basic concepts for understanding economics
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Microeconomics theory: Demand Law, Supply law
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Elasticity, assumptions, limitations
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Perfect market competition, Price determination under perfect competition
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Monopoly, Price determination under monopoly
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Monopolistic Competition
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Saving, importance and role of saving in economy and investment
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Macroeconomic theory: Money, functions of money, The quantity theory of money, The demand for money, Determination of the value of money
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Effect of changed in the value of money on different economic groups
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Banks, functions and kinds of banks
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Banks, functions and kinds of banks
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Book Title : Fundamentals of economics
Author : Stanley B, Campbell M.C, & Sean F.
Edition : 3rd
Publisher : Mc. Grew Hill Book Company
Title : Checklist of Course Content
Type : Other
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Title : Checklist of Course Content
Type : Other
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