Fundamentals of

Economics
PowerPoint slides prepared by:
Dr. Mamdouh Ghanem
University of Modern Science

MBA / MNGT502 Operations Management Slide 1

Introduction and
syllabus
Lecture 1

MBA / MNGT502 Operations Management Slide 2

Course Information

Course title:
Fundamentals of Economics
Course code & number:
ECON 102
Credits (hours/week):
3
Total (hours for 15 weeks):
45

MBA / MNGT502 Operations Management Slide 3

Course description
A detailed introduction to the
various
macroeconomic
issues including conceptual
overview of macroeconomic,
essential relationships and
principles,
the
different
models and formulas of
macroeconomics, monetary
and fiscal policies, and
international economic issues

MBA / MNGT502 Operations Management Slide 4

Course aims

To introduce to the discipline of

macroeconomics, its models and issues
Understanding of measuring different
macroeconomic variables
To introduce to the different way of
analyzing the macro economical events
To introduce to the role of macroeconomics
in policy making

MBA / MNGT502 Operations Management Slide 5

Course outcomes

Define the basic terms and concepts of the language of

economics and understand the nature of assumptions
in economic modeling and general problems

Apply the economical methods and models to analyze

hypothetical and/or real world situations occurring in
the economy

Evaluate and apply Macroeconomic theory to solving

problems of inflation and unemployment

MBA / MNGT502 Operations Management Slide 6

Course outcomes

Discuss the potential for government

policies as a way to improve economic
performance. Explain Monetary Policy,
Velocity and Quantity Theory of Money and
how these affect inflation and unemployment

Differentiate
between
strengths
and
weaknesses of market to coordinate for the
production and distribution of services

MBA / MNGT502 Operations Management Slide 7

wee
k

Course topics and contents

Topic

due

Introduction and syllabus

Measuring nations income

Measuring the cost of living

Production and growth

Assignment 1 for Lect. 2 - 4

Saving, investment and the financial system

Quiz 1

The basic tool of finance

Islamic finance

The Keynesiam Model

Macroeconomic data

10

Monetary policy

11

Monetary growth and inflation

Assignment 2 for Lect. 8 - 11

12

Fiscal policy - taxation

Quiz 3

13

Short-run trade-off between inflation and

unemployment

14

Short-run economic fluctuation

MBA / MNGT502 Operations Management Slide 8

Course assessment details

Method

Weighting %

Assignment & quizzes

40 %

Before & after midterm

Midterm examination

20 %

1.5 Hours

Unseen final examination

40 %

3 Hours

MBA / MNGT502 Operations Management Slide 9

Outline details

Course texts, instructional material,

learning resources

ISBN
Number

Author

Title

Publisher

9780538453387
9780538453066

N. Gregory Mankiw

Principles of Macroeconomics
(6th edition)

South-Western
Cengage Learning

MBA / MNGT502 Operations Management Slide 10

Thanks for listening

MBA / MNGT502 Operations Management Slide 11