The course will cover fundamental concepts of both macro- and microeconomics at the introductory level. Microeconomic aspects of the course include supply and demand; elasticity; market efficiency; costs of production; and profit maximization in competitive and monopolistic markets. Macroeconomic aspects include national income accounting; unemployment; inflation; Long-run and short-run aggregate demand and supply curves; economic growth and international trade. The main objective of this course is to introduce non-FBE (mainly engineering) students to the fundamentals of economics. 

This course introduces students to the key concepts and topics of monetary theory and policy. The course covers structure of central banks, monetary policy goals and tools, and transmission mechanisms of monetary policy and implications of policies in macroeconomic set up.