Page 29 - BEc_Handbook_2024_2025

PROGRAMME CORE COURSES
ECONOMICS

EIA 1008 MICROECONOMICS I
3 Credits

Pre-requisite None

Learning At the end of the course, students are able to:
Outcomes
1. Describe basic microeconomic principles and theories.
2. Identify the appropriate microeconomic theories and concepts to be applied in
various decision-making situations.
3. Indicate ability to use different approaches in microeconomic analysis.

Synopsis This course offers initial exposure to the main microeconomic concepts and theories. It
also expose students to different approaches in microeconomic analysis. The first section
covers the analysis of demand, supply and market equilibrium. The second section
discusses the individual and firm behavior followed by the analysis on perfect
competition. The final section introduce market imperfections and the input markets.

Medium of English
Instruction

Assessment Continuous Assessment : 50%
Weightage Final Examination : 50%

EIA1009 MACROECONOMICS I
3 Credits

Pre-requisite None

Learning At the end of the course, students are able to:
Outcomes
1. Identify macroeonomic issues and problems.
2. Elaborate the Classical, Keynesian macroeonomic theories and economic activity
determination.
3. Describe the effectiveness of macroeconomic policy in close and open economies.

Synopsis This course is divided into two parts. Part one discusses macroeconomic issues and
problems, concepts and calculations of national income and the Classical economic theory.
Part two discusses the Keynes theory, namely the derivation of the IS-LM curves, the
derivations of aggregate demand and aggregate supply curves, determination of equilibrium
in closed and open economies and effectiveness of fiscal and monetary policies

Medium of English
Instruction

Assessment Continuous Assessment : 50%
Weightage Final Examination : 50%