Course description:

Microeconomics

Course content:

What Is Economics?, First Principles, Economic Models: Trade-offs and Trade, Supply and Demand, Consumer and Producer Surplus, Price Controls and Quotas: Meddling with Markets, Elasticity, Individuals and Markets, Taxes, International Trade, Economics and Decision Making, Decision Making by Individuals and Firms, How to Make Decisions Involving Time : Understanding Present Value, The Consumer, The Rational Consumer, The Production Decision, Behind the Supply Curve: Inputs and Costs, Perfect Competition and the Supply Curve, Market Structure: Beyond Perfect Competition, Monopoly, Oligopoly, Monopolistic Competition and Product Differentiation, Microeconomics and Public Policy, Externalities, Public Goods and Common Resources, The Economics of the Welfare State , Factor Markets and Risk , Factor Markets and the Distribution of Income, Uncertainty, Risk, and Private Information
References

Macroeconomics

Course content

The Science of Macroeconomics, The Data of Macroeconomics, National Income: Where It Comes From and Where It Goes, Money and Inflation, The Open Economy, Unemployment, Economic Growth I: Capital Accumulation and Population Growth, Economic Growth II: Technology Empirics, and Policy, Introduction to Economic Fluctuations, Aggregate Demand I: Building the IS–LM Model, Aggregate Demand II: Applying the IS–LM Model, The Open Economy Revisited: The Mundell–Fleming Model and the Exchange-Rate Regime, Aggregate Supply and the Short-Run Tradeoff Between Inflation and Unemployment, A Dynamic Model of Aggregate Demand and Aggregate Supply, Stabilization Policy, Government Debt and Budget Deficits, Consumption, Investment, Money Supply, Money Demand, and the Banking System

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Econometrics

Course content

Finite Sample Properties of OLS, Large Sample Theory, Single Equation GMM, Multiple Equation GMM, Panel Data, Serial Correlation, Extremum Estimators, Examples of Maximum Likelihood, Unit Root Econometrics, Cointegration, Partitioned Matrices and Kronecker Products

References

Topics in the Islamic Economy

Course content

Capitalism and the Islamic Economic System , Overview of an Ideal Islamic System, Institutional Structure of a Sound Economy, The Rules Governing an Islamic Economy, The Operational Features of an Islamic Economy, Contemporary Muslim Economies and Rule Compliance, Towards Achieving the Ideal Islamic Economy, Islamic Principles of Industrial Relations

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Economic systems

Course Content:

Traditional Economies , Market Economies, Command and Planned Economies, Mixed Economies , The Internet Economy , The Future of World Economies

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Applied Econometrics

Course Content:

The Classical Linear Regression Model, The Assumptions of the CLRM , Topics in Econometrics, Time Series Econometrics, Panel Data Econometrics, Using Econometric Software

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Monetary Economy

Course Content:

The heritage of monetary economics, The transactions demand for money, Portfolio selection and the speculative demand for money, Precautionary and buffer stock demand for money, Monetary aggregation, The demand function for money, The demand function for money: Estimation problems, techniques, Findings, Money supply, interest rates and the operating targets of monetary, policy: Money supply and interest rates, The central bank: Goals, targets and instruments, The central bank: Independence, time consistency and credibility, The determination of aggregate demand, The classical paradigm in macroeconomics, The Keynesian paradigm, Money, bonds and credit in macro modeling, Macro models and perspectives on the neutrality of money, Walras's law and the interaction among markets, The macroeconomic theory of the rate of interest, The structure of interest rates, The benchmark overlapping generations model of fiat money, The OLG model: Seigniorage, bonds and the neutrality of fiat money, The OLG model of money: Making it more realistic, Monetary growth theory

References

Economic Planning

Course Content:

Methods and Mathematical Models of Budget Management, EnergyEntropic Methods in Assessment and Control of Economic Systems, Currency Trading Methods and Mathematical Models, Methods and Mathematical Models of Innovation Project Appraisal, Mathematical Methods for Making Investment Decisions, MultiObjective Stochastic Models for Making Decisions on Resource Allocation, Mathematical Methods and Models for Monitoring of Government Programs, Methodology for Identification of Competitive Industrial Clusters

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International Trade

Course Content:

From disappointment to hope, The Agreement on Sanitary and Phytosanitary Measures, The Agreement on Technical Barriers to Trade, The Agreement on Agriculture, The General Agreement on Trade in Services GATS The Agreement on Intellectual Property Rights, Compatible or contradictory, The Agreement on Rules of Origin, The Agreement on Subsidies and Compensatory Measures, Towards an equality of power , The emergence of new issues

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Development Economics

Course Content:

The Development Gap, Poverty and Inequality, Population Growth, Economic Growth, Structural Change and Development Strategies, International Trade and Exchange, Institutions and Economic Development, Markets and Hierarchies, Political Institutions, Legal and Fiscal Institutions, Culture, Rural Land Rights and Contracts, Property Rights and Efficiency in Urban Areas, Market Development, The Role of Credit Markets in Development, Health Care Delivery in Developing Countries, Delivering Education in Developing Countries, Delivering Infrastructure in Developing Countries ,Corruption, Conflict

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