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Macroeconomics and Microeconomics: Principles of Macroeconomics ECO-312

This course is designed to introduce key economics concepts and techniques applicable as tools for rational economic decision-making within the economics framework

Course Description

The purpose of this course is to introduce students to the principles of macroeconomics—the study of how a country's economy works, while trying to discern among good, better, and best choices for improving and maintaining a nation's standard of living and level of economic and societal well-being. Historical and contemporary perspectives on the role of government policy surround questions of who gains and losses within a small set of key interdependent players. These beneficiaries include households, consumers, savers, firm owners, investors, government officials, and global trading partners.

The Moral and Islamic perspective of macroeconomic policies will also be incorporated in the course to understand how macroeconomic decisions affect both; the worldly life and the life hereafter, of the masses.

E-Books (Full Text)

E-Books (Full Text)

Course Outlines

Overview of Macroeconomics

Macroeconomics: Goals, Income Measures, and Challenges

Aggregate Demand and Supply in an Economy

Consumer Income, spending, Savings and Investments

Consumer Income, spending, Savings and Investments

Business Cycle, Aggregate Economic Activities and Fluctuations

Fiscal Policy

Monetary Policy and Various Complexities behind Macroeconomic Policies

International Trade

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