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EIA3007 MACROECONOMICS III
3 Credits

Pre-requisite Pass EIA2008 Macroeconomics II

Learning At the end of the course, students are able to:
Outcomes
1. Apply macroeconomic theories to understanding macroeconomic issues.
2. Analyzing business cycle and economic growth using macroeconomic theories.
3. Assess the impact of macroeconomic policy on main economic indicators.

Synopsis This course is the sequence for Macroeconomics I and II course This course will discuss
various topics which include the Exchange Rate theory, asset market, capital movement
based on UIRP and CIP; Portfolio Balance Model; economic growth theory, business cycles
and policy formulations for main macroeconomic problem.

Medium of English
Instruction

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

EIA3008 DEVELOPMENT OF ECONOMIC THOUGHT
3 Credits

Pre-requisite Passed EIA1008 Microeconomics I and EIA1009 Macroeconomics I

Learning At the end of the course, students are able to:
Outcomes
1. Demonstrate systematic understanding of the main ideas of various schools of
economic thought.
2. Illustrate how changing historical circumstances shape economic ideas.F
3. Analyze similarities and differences across the schools and theoretical framework of
classical political economy, neoclassical economics, Keynesian economics and
modern economic thought.

Synopsis The course provides a survey on the development of economic theories from Aristotle to
Keynes. Development of modern economic thought (after Keynes) is briefly addressed.
Topics covered include: Ancient Greeks, Arab-Muslim Scholars and Aquinas; Mercantilism;
Physiocrats, Classical Political Economics (Adam Smith; David Ricardo; Malthus; John
Stuart Mill; Marx) with emphasis on Classical theories of value and distribution; Classical
monetary theory and Classical economic policy; the Marginalists, second generation of
neoclassicalists such as Wicksell, Clarke and Fisher, Marshall and Keynes. Aside from the
direct knowledge and understanding of major contributions to economics, the course
provides general insights into economic methodology and reasoning, and helps to deepen
understanding of modern economic analysis.

Medium of English
Instruction

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