Principles of Macroeconomics
Econ 102
.
Principles of Macroeconomics (Dr. Faez Al-Habib)
Introduction:
Concept of economics
Macroeconomics & Microeconomics and relationship between the two
2nd, 3rd and 4th week:
Domestic income and standard methods
The circular flow of economic activity
Domestic product: Concept – Standard Methods – Problems of standard methods
Price indices and the inhibitor of Domestic product
5th, 6th and 7th week:
Determinants of Domestic Income:
The economic models of determination of the level of equilibrium income comprised of:
a) Two sectors
b) Three sectors
c) Four sectors
8th, 9th and 10th week:
Money and Banking:
Definition of money, its evolution and functions
About commercial banks, its evolution and functions
About Islamic banks, its functions and role in the economic activity as well as its comparison with commercial banks
Commercial banks and monetary policies
Note: As for monetary, fiscal policies, its tools as well as its impact on the economic activity is concerned, the attention must be paid to the instructions of the lecturer during explanation of the subject.
11th week:
Inflation:
definition, categories, reasons, impacts and the methods of treatment
12th and 13th week:
Foreign Trade:
Concept of foreign trade, its advantages, absolute advantages and comparative advantages.
Trade Balance, exchange rate and the balance of payments
.