ABOUT COURSE

Course 1. Microeconomics

The Study of Choice; Confronting Scarcity; Choices in Production; Demand and Supply; Elasticity; Markets, Maximizers, Efficiency and Market Failure; The Analysis of Consumer Choice; Production and Cost; Competitive Markets for Goods and Services; Monopoly; Imperfect Competition; Interest Rates and the Markets for Capital and Natural Resources; Public Finance and Public Choice; Antitrust Policy and Business Regulation; Inequality, Poverty, and Discrimination.

Course 2. Macroeconomics

The Scope and Method of Economics; The Economic Problem: Scarcity and Choice; Demand, Supply and Market Equilibrium; Concepts and Problems in Macroeconomics; Introduction to Macroeconomics; Measuring National Output and National Income; Unemployment, Inflation, and Long-Run Growth; The Core of Macroeconomic Theory; Aggregate Expenditure and Equilibrium Output; The Government and Fiscal Policy; Money, the Federal Reserve, and the Interest Rate; The Determination of Aggregate Output; The Price Level, and the Interest Rate; Policy Effects and Cost Shocks in the AS/AD Model; The Labor Market in the Macroeconomy; Further Macroeconomics Issues; Financial Crises, Stabilization, and Deficits; Alternative Views in Macroeconomics; The World Economy; International Trade, Comparative Advantage, and Protectionism; The Balance of Payments and Exchange Rates; Critical Thinking about Research.    

Course 3. Economic Development

Introduction of Economic Development; Comparative Economic Development, Classic Theories of Economic Growth and Development; Contemporary Models of Development and Underdevelopment; Poverty, Inequality, and Development; Human Capital, Development Policy Making.    

Course 4. Managerial Economics

Economics Decision Making, Optimal Decision Making, Marginal Analysis, sensitivity Analysis, Demand Analysis, Elasticity of Demand, Elasticity of Price, Optimal Pricing, Regression Analysis, Forecasting Techniques, Production, Production Decisions, Cost Analysis, Perfect Competition, Imperfect Competition, Monopoly & Oligopoly, Game Theory & Competitive Strategies, Market Failure and Government Regulations.

Course 5. Economic Policies of Governments

Issues and Complexities in Governmental Economic Policy Making, Policy Constraints, Fiscal Policy, Monetary Policy, International Financial Integration, Foreign Exchange Policy, Control of Federal Bank, Tax Policy, Growth Policy, Economic Development of Pakistan.