Course Description

Course Number: ECON 112
Course Name: Principles of Macroeconomics
Credit Hours: (3 hours)
This course focuses on basic macroeconomic concepts such as the production possibility set, the circular flow of income, the national accounts, the components of aggregate spending, a simple model of income determination and international
linkages.

Course Number: ECON 211
Course Name: Intermediate Microeconomics
Credit Hours: (3 hours)
This course examines theory of choice and its applications, income and substit effects of a change in price and the compensated demand curve, production and with many variable inputs, theory and models of oligopoly, input markets an allocation of resources.

Course Number: ECON 212
Course Name: Intermediate Macroeconomics
Credit Hours: (3 hours)
This course examines the behavioral foundations of consumption: absolute-income
hypothesis, relative income hypothesis, permanent income hypothesis and life-cycle hypothesis will be discussed. Other topics covered include behavior of investment: the desired capital stock, the interaction between the multiplier and the accelerator and trade cycles, IS/LM model, labor markets, and balance of payments analysis.

Course Number: ECON 214
Course Name: Monetary Policy
Credit Hours: (3 hours)
This course covers the evolution of money. The monetary systems, the financial system, interest rates, commercial banks functions, and their role in the creation of money. The central bank: its role in setting monetary policy and money supply. Money demand, money and inflation, and the role of money in economic activity.

Course Number: ECON 311
Course Name: Econometrics
Credit Hours: (3 hours)

This course examines properties of the least-squares estimators, specification, estimation and hypothesis testing of the simple and multiple regression models, use of dummy variables and violations of classical assumptions: heteroscedasticity, autocorrelation and multicollinearity.

Course Number: ECON 451
Course Name: Economic Development
Credit Hours: (3 hours)
This course focuses on the main characteristics of developing countries, indicators of economic development, the process of development, sources of development, theories and strategies of economic development, barriers to development, negative aspects of economic development and sustainable growth to be addressed.

Course Number: ECON 452
Course Name: Industrial Economics
Credit Hours: (3 hours)
This course provides an overview of the industrial organization framework, market structure and performance, market concentration, pricing theory and strategy, game theory, innovation and market structure, managerial firms, firm size and
diversification, multinational firms and transfer pricing, international organization vertical integration, technology choice, and industrial policy.

Course Number: ECON 453
Course Name: International Economics
Credit Hours: (3 hours)
This course examines the theory of comparative advantage and the gains from trade, tariffs and other trade restrictions, protection policies, the GAAT, mechanics of international payments, and international monetary reform.

Course Number: ECON 454
Course Name: Economics of Energy
Credit Hours: (3 hours)
This course examines the essential economics of various sources of energy; emphasis given to the demand for oil, supply of oil, fluctuations in oil prices, forecasting oil prices and the role of OPEC. The course also covers other sources of energy particularly coal, natural gas and nuclear power.

Course Number: ECON 472
Course Name: Managerial Economics
Credit Hours: (3 hours)
This course covers the scope of managerial economics, tools of analysis and
optimization, demand, markets, and elasticity. Production, costs and profitability analysis (short and long run), market structure: perfect competition, monopolistic competition, oligopoly, and monopoly, market power and market domination including; cartels, local and international dominating firms, and pricing practices (price discrimination, action reaction pricing policies, and capital budgeting and investment decisions and risk analysis will be discussed.

Course Number: ECON 475
Course Name: Contemporary Topics in Economics
Credit Hours: (3 hours)
This course focuses on the current and important economic topics relevant to local, regional, and international communities. The course will discuss real world economic issues utilizing economic principles and concepts.

Course Number: MATH 221
Course Name: Business Mathematics II
Credit Hours: (3 hours)
This course covers some economic applications of mathematical concepts such as the linear and nonlinear functions, difference equations, partial derivatives, constrained and unconstrained optimization problems, definite and indefinite integration in addition to mathematics of finance.

Course Number: STAT 220
Course Name: Business Statistics I
Credit Hours: (3 hours)
This course introduces descriptive graphical techniques and numerical measures; probability distributions and their application to stock markets, production reliability and queuing systems; sampling distributions; estimation; inference with application to market segmentation; simple linear regression and correlation with application to accounting, economics, banking and insurance.

Course Number: STAT 222
Course Name: Business Statistics II
Credit Hours: (3 hours)
This course examines multiple regression analysis with emphasis on model building in business and economics applied to the consumer, the firm and the markets, non-parametric statistics, time series analysis and business forecasting applied to sales demand, revenue, consumption, share prices, exchange rates, basics of discriminate analysis and factor analysis applied to marketing research.