Economics
What is Economics
Economics helps you understand the world you live in. It prepares future graduates for various careers in the private and public sectors as well throughout the global labor market. Universities and research groups remain the largest employers of economists, followed by the public administration, in addition to international organizations such as UN, ESCWA, WFP. Further, graduates in economics can start their career as financial risk analyst, actuary, economic researcher, and financial consultant or join Central private Banks or higher educational institutions.
Careers in Economics
Economics requires analytical ability and involves work with abstract models as well as with real-life economic problems. In addition, economics is an excellent preparation for graduate study in: law, business administration, public administration, international relations, world business, and health administration.
Converse With the Great Economists
Credits
To Graduate
General Studies 26 Credits
English Language ENG (200,201,208) 9crs & 1 course BUS 210 3crs = 12crs
(BUS 201 or ENT 301 3crs & HUM 318 3crs & (HUM 212 or BUS 215 or HUM 215) 1cr = 7crs
(ART 205 or ART 206 or HUM 210 or SOC 201 or COM 208 or HUM 211 or PSY 201 or POL 202 OR HIS 200) 3crs = 3crs
(HLT 210 or NLT 201 or CSC 201) = 3crs
PED (201 or 203 or 209) 1cr = 1cr
Major Core Requirements 37 Credits
Introduction to the basic principles, concepts, and techniques of financial accounting, explanation of the basic techniques of measuring, classifying, summarizing, reporting, and interpreting financial information. Prereq.: ENG020
A continuation of ACC210 Principles of Accounting I. This course will include more advanced procedures of accounting for partnerships, corporations, long-term debts and marketable securities. Prereq.: ACC210
This course covers principles of the law of contracts; agency relationships, commercial paper and sales are discussed and analyzed through the use of the Code of Contracts and Obligations and the Code of Commerce, cases and problems. Emphasis is upon the law and business relationships.
This course presents the quantitative techniques commonly used in the decision making process. Topics include concepts of decision analysis, linear programming, sensitivity analysis, forecasting and time-series analysis, inventory concepts, linear regression and correlation. This course enables students to understand problem definition, structured approach to data analysis, skills in model development, solutions, testing, and validation. Prereq.: MAT221
Internship is intended to enhance students’ learning experience by permitting them to work in off-campus business environments. All students are required to file a written-report for their instructor, in addition to in-class discussions, of their on-site working experiences.
This course analyzes and discusses the financial decisions of national and multinational corporations, based on case studies and reading. Topics include assessment of the financial health of the organization, short and long-term financial management, project and company valuation, cost of capital, risk analysis, investment decisions, and capital markets. Prereq.: ACC215
Equations of straight lines; Matrices: matrix operations, matrix inversion; Cramer’s rule; Quadratic functions; Exponential and logarithmic functions; Demand and supply functions; Revenue; Cost; Profit; Compound interest; Derivatives; Marginal functions; Integration of functions of one variable. Prereq.: MAT100 or placement, Coreq.: ENG020
This course studies the functions and capabilities of general management of a firm. Elements of the course are the various levels of management, the relationships between departments, and why managers are needed in a business organization. Coreq.: ENG200
The course outlines the role, functions and activities related to a human resources department. The students will learn about the evolution in human resources management as we know it today. Therefore, emphasis is placed on the new “corporate view” of the function such as, among other things, fair and equitable compensation and benefit programs, problem solving, training and personal development, staffing strategies, counseling, rules and regulation and legal issues. Prereq: MGT201
This course helps to get an understanding of how information systems are used in business setting. The topics covered will include the fundamental of information systems, strategic use of information systems, decision support and expert system. This course will describe also information systems planning, design and implementation. Prereq.: MGT201
This course introduces students to the marketing world, its importance, various functions and activities and the impact it has on the business environment. Students will be acquainted with the creation of value for consumers, the marketing mix concept and its application, the segmentation, targeting and positioning and the key elements of a marketing strategy. Prereq.: ENG200
Covers basic statistical techniques emphasizing business and economic applications. Topics covered include graphical and numerical data summary techniques, elementary probability theory, probability distributions, sampling distributions, estimation, and simple regression. Prereq.: MAT100, MAT010, or placement
The course will cover the basic aspects of food safety with primary emphasis on food handling and quality control. The types of food borne illnesses and how they are transmitted, the personal hygiene, the seven HACCP principles will be topics stressed in the course. The course will also include an overview of pest control and security measures. Prereq.: ENG201
Specialization Course Requirements 27 Credits
This course introduces students to the key concepts of microeconomics. Students learn the behavior of the different economic agents and the role of the government in microeconomics. Topics include supply and demand, elasticity, markets equilibrium, price control, competitive markets and monopoly. Prereq.: ENG200
This course introduces students to the main economic variables and indicators that are used to evaluate the performance of an economy as a whole. Students learn how the economic agents interact together to shape an economy as well as how the different economies interact in the global market. Topics include the aggregate output, unemployment, general price level and interest rates determination and fluctuations, international trade and debt. Emphasis is also made on the role of the government to influence the economy using Fiscal and Monetary policies. Prereq.: ENG201
This course provides students with a thorough understanding of the core concepts and methods of microeconomics using mathematical models. Topics include the interaction of supply and demand, utility and profit maximization, elasticity, perfect competition and imperfect competition, monopoly power, game theory, and market failure due to externalities. Prereq.: ECO201
This course provides students with a thorough understanding of the core concepts of macroeconomics. It examines the overall performance of an economy and looks at the decisions of countries and government. Topics include inflation, unemployment, interest rates, government taxes and expenditures, money and financial institutions, budget and trade deficits, and business cycles fluctuations. Prereq.: ECO202
This course covers the statistical tools needed to understand and conduct empirical economic research. Students learn how to gather economic data and conduct quantitative analysis of economic models using computer software. Topics include statistical inference, regression, hypothesis testing, time series models. Prereq.: ECO202, STA211
This course covers the different theories and aspects of international economics. It teaches students the various economic connections between countries and economic regions and the consequences of globalization. Topics include international trade and investment, international monetary system, and the rules that govern the system as a whole. Prereq.: ECO201, ECO202
This course provides an overview of the fiscal policy concepts and techniques used to ensure macroeconomic stability and sustainable long-term growth. Students learn the fiscal policy tools that the government uses to reach the macroeconomic goals. Topics include tax and expenditures polices, government budgets, debt and balance of payment deficits, and automatic stabilizers. Prereq.: ECO202
This course provides an overview of the monetary policy concepts and techniques used to control a nation’s overall money supply and ensure macroeconomic stability and sustainable long-term growth. Students learn the monetary policy tools that the government uses to reach the macroeconomic goals. Topics include the rules and regulations set by the central banks to control the financial system, the tools it uses to affect interest rates such as legal reserve requirements, discount rates, open market operations, printing money, the relation between interest rates, inflation and exchange rates. Prereq.: ECO202
This course provides students with a detailed understanding of economic development. Students learn how countries are classified as developed, developing or underdeveloped and the reasons behind these differences. Topics include relation between economic growth and development, inequality, poverty levels, strategies and government policies for development. Prereq.: ECO202
Other Requirements 9 Credits
200 Level or Above
3 Credits