Courses Catalogue

Intermediate Macroeconomics

COURSE CODE: ECO 2201
COURSE CREDIT UNIT: 3
ACADEMIC PROGRAMME: Statistics
COLLEGE/SCHOOL/FACULTY: College of Economics and Management
STATUS: Core
PROGRAMME TYPE: Undergraduate

Course Content and Outline

The major topics are

Introduction i.e. review of basic economic concepts
Consumer behavior

  • Cardinal Theory.
  • Ordinal Theory and
  • Revealed Preference Theory

Theory of a firm

  • The Conventional and other objectives of firms
  • Profits and Profit theories

The theory of costs

  • Key concepts under the theory of costs
  • Short run costs of the traditional theory: The U- shapes of the AVC and the ATC curve, the relationship between AVC and ATC curves and the relationship between MC and ATC

Market structures
Mode of instruction
This unit will be delivered to students through discussion and lecture notes under the initiative of their lecturer, and at the end of each topic, there will be a presentation in form of a tutorial being conducted by the students under the supervision of their lecturer.