Introduces economic theories and concepts that focus on the functioning of individuals, firms, and markets in a modern economy. First part covers microeconomics topics such as supply and demand in individual markets, elasticity of supply and demand, theory of consumer behavior, the theory of the firm, markets and competition and the policy choice that affect these markets. Second part introduces macroeconomic concepts such as national income accounting, the measurement of the price level and inflation, aggregate and aggregate supply, national output and income determination both in the short run and the long run, consumption, savings, investment, government expenditures, business cycles, and unemployment. Covers role of commercial banks in creating money and the role of regulation, monetary and fiscal policies in stabilizing the economy.
Links economic theories with business practice to create competitive strategies for sustainability and growth. The topics covered include demand and production theories, the theory of the firm, economic optimization, cost/benefits analysis, pricing policies, information and efficiency, strategic interactions of consumers, firms markets, and regulators, and dynamics of competition.
Emphasizes the use of economic theory to understand the functioning of the world's markets and economics and the impact of government policies. Topics covered include the determinants of the level of national income and balance of payments, growth, productivity, labor markets and wages, business cycles, investment, money and interest rates, inflation, exchange rates, monetary and fiscal policies, financial crises and financial stabilization.
This course stresses the mathematical formulation, estimation, and empirical testing of basic econometric models which can be used for forecasting economic and financial data for future planning purposes. The theory of normal linear (and nonlinear) models, generalized least squares methods, hypothesis testing, specification error, regression diagnostics, and distributed lags are analyzed in the context of economic and financial theories. Applications include simultaneous equation model, seemingly unrelated regression, pooled data estimation, and single-equation models. Prerequisites: OM 502 or waiver of this prerequisite according to the waiver guidelines, ECON 510.
Pre-Requisites: ECON510
Covers selected topics like utility theory, analysis of demand and supply, production theory, labor market, and capital theory. It also covers price and output determination in different market structures, resource allocation, income distribution, welfare economics, the economics of uncertainty and information, as well as the analysis of partial and general equilibrium systems.
Pre-Requisites: ECON510
This course covers advanced analysis of topics such as the gains from trade, sources of the gains from trade, sources of comparative advantage, economic integration, trade policy, the theory of commercial policy, foreign exchange rates, the balance of payments, protectionism and barriers to trade, and the gains from specialization. Prerequisite: ECON 510
Pre-Requisites: ECON510
Focuses on the pricing and consumption of energy sources such as petroleum coal, gas, and electricity. Topics covered include the analysis of demand and supply of energy commodities with special emphasis on oil, the analysis of short-and long-run costs of investments in energy resources under uncertainty, pricing models for exhaustible resources such as oil, and modeling of long-run theory of demand. Other topics include renewable and nuclear energy sources, energy efficiency and conservation, and the environmental impacts of energy use. Prerequisite: ECON 510; for undergraduate students require Chairman’s approval. Not to be taken for credit with ECON 575
Pre-Requisites: ECON510
Covers both International Trade and International Finance in an open economy. Early part of the course offers an overview of the world trade, classical and neoclassical theories of international trade, openness and gains from trade, protectionism and government’s commercial policies. The later part of the course covers exchange rates, the twin deficits, the relationship between exchange rates, interest rates and inflation rates, the choice of an exchange rate regime and the impact of fiscal and monetary. Other issues include monetary unions and international economic crises.
Deals with the strategic application of microeconomic theory to management in markets where the firm has market/monopoly power. Covers sophisticated pricing policies, transfer pricing, dealing with competitors, corporation strategies, managing under uncertainty, asymmetric information and externalities. Examines how microeconomics may be used to enhance decision-making within the manager?s organization.
Prepares to think systematically about the state of the economy, macroeconomic policy, and the economic environment. Includes the use of economic theory in understanding financial markets, the operation and impact of government policies that determine national income, employment, investment, interest rates, and money supply inflation.
Provides economic decision-making and advanced analysis to different markets and pricing of energy source (oil and electricity in particular) both qualitatively and quantitatively using available international energy database. The effect of a government intervention in the market is examined to provide insights on market behavior and welfare. Energy, environment, and climate change issues as well as renewable energy. Case study on the energy sector of the Saudi Economy. Prerequisite: Graduate Standing. Not to be taken for credit with ECON 525 or ECON 450. Co-listed with ECON 475
A research proposal must be submitted in writing by the student and be approved by the supervising faculty member and the MBA Chairman prior to registration. The student is required to conduct a research study in the area of economics that is business related and adheres to all elements of sound businessresearch. The study method and findings must be presented orally and in writing in a manner that is consistent with acceptable standards of research communication. Prerequisites: ECON 510, MKT 512