Page 165 - FINAL_HANDBOOK_20242025

Faculty of Science Handbook, Academic Session 2024/2025

Dynamic similarity and Assessment:
boundary layer approximation. Continuous Assessment: 40%
Final Examination: 60%
Solutions of flow problems and
initial/boundary conditions
using computational fluid SIQ2001
dynamics methods. MICROECONOMICS
Assessment: Fundamental principles of
Continuous Assessment: 40% economics; price theory which
Final Examination: 60% covers the demand model,
supply model and equilibrium
point; shape of demand curve
SIM3030 and consumer behavior;
DYNAMICAL SYSTEMS substitution effects and
THEORY income; shape of supply curve
and behavior of firms; theory of
Flows on the line. Flows on the production and cost of
circle. Two-dimensional flows. production; analysis of
Phase plane. Limit cycles. competitive markets in the
Bifurcations. Three- and higher short term; monopoly and
dimensional flows. Phase oligopoly.
space. Chaos. Numerical
simulations. Applications. Assessment:
Continuous Assessment: 40%
Assessment: Final Examination: 60%
Continuous Assessment: 50%
Final Examination: 50%
SIQ2002
MACROECONOMICS
SIQ1001
INTRODUCTION TO Macroeconomic issues and
ACCOUNTING problems; fundamental
concepts of national income;
Basic principles of accounting – method of calculating national
including the role of accounting income; simple Keynesian
standards. Different types of model; derivation of IS curve,
business entity. Basic structure LM curve, aggregate demand
of company accounts. curve, and aggregate supply
Interpretation and limitation of curve; relationship between
company accounts. interest rates, monetary
demand, consumption and
investments; relationship

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