 2018 - 2019 | |||||||||||||||||||||||||||||
 |
 |
||||||||||||||||||||||||||||
| 1011-1102-09 | Principles of Economics | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FACULTY OF SOCIAL SCIENCES | |||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||
University credit hours: 5.0
Course description
THE COURSE COVERS SOME OF THE BASIC PRINCIPLES AND IDEAS OF ECONOMICS: THE PRODUCTION POSSIBILITY FRONTIER (THE TRANSFORMATION CURVE); COMPERATIVE ADVANTAGE AND THE CONSUMPTION POSSIBILITY FRONTIER IN AN OPEN ECONOMY; DEMAND AND SUPPLY AND PARTIAL EQUILIBRIUM; THE PRODUCTION FUNCTION, MARGINAL AND AVERAGE PRODUCT; FIXED COST, VARIABLE COST, AND MARGINAL COST; COMPETITIVE EQUILIBRIUM, PARETO-EFFICIENCY AND SOCIAL JUSTICE; NATIONAL ACCOUNTING; PRODUCTIVITY AND GROWTH; INTERNATIONAL TRADE AND BALANCE OF PAYMENTS; MONEY AND BANKING; AGGREGATE SUPPLY AND DEMAND.