Page 166 - FINAL_HANDBOOK_20252026

Faculty of Science Handbook, Academic Session 2025/2026

a plane. SIQ2001
MICROECNOMICS
Derivation of stream function and
equations of Euler, Bernoulli and Navier- Fundamental principles of economics; price
Stokes. Dimensional analysis and theory which covers the demand model,
dimensionless parameters. Dynamic supply model and equilibrium point; shape
similarity and boundary layer of demand curve and consumer behavior;
approximation. substitution effects and income; shape of
supply curve and behavior of firms; theory
Solutions of flow problems and of production and cost of production;
initial/boundary conditions using analysis of competitive markets in the short
computational fluid dynamics methods. term; monopoly and oligopoly.

Assessment: Assessment:
Continuous Assessment: 40% Continuous Assessment: 40%
Summative Assessment: 60% Summative Assessment: 60%

SIQ2002
SIM3030 MACROECONOMICS
DYNAMICAL SYSTEMS THEORY
Macroeconomic issues and problems;
Flows on the line. Flows on the circle. Two- fundamental concepts of national income;
dimensional flows. Phase plane. Limit method of calculating national income;
cycles. Bifurcations. Three- and higher simple Keynesian model; derivation of IS
dimensional flows. Phase space. Chaos. curve, LM curve, aggregate demand curve,
Numerical simulations. Applications. and aggregate supply curve; relationship
between interest rates, monetary demand,
Assessment: consumption and investments; relationship
Continuous Assessment: 50% between price levels, monetary demand,
Summative Assessment: 50% aggregate demand and aggregate supply in
a Keynesian model.
SIQ1001
INTRODUCTION TO ACCOUNTING Assessment:
Continuous Assessment: 40%
Basic principles of accounting – including Summative Assessment: 60%
the role of accounting standards. Different
types of business entity. Basic structure of SIQ2003
company accounts. Interpretation and FINANCIAL MATHEMATICS AND
limitation of company accounts. DERIVATIVES

Assessment: Time Value of Money: simple interest,
Continuous Assessment: 40% compound interest, present and
Summative Assessment: 60% accumulated values, nominal rate of
interest, force of interest, equation of
value.

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