Provides the fundamentals of microeconomics. It introduces the roles of the market price system in managing the use of society’s resources and in rationing available supplies. The efficiency of resource management is examined in the light of a variety of more or less competitive market environments. Topics include consumer behavior, consumer and market demand, concepts of elasticity, cost, production and factor pricing in perfect and imperfect competition, monopoly, monopolistic competition, oligopoly, regulation and economic policy, economic efficiency and productivity, social costs and benefits, and public goods and externalities.

Introduces the basic principles of macroeconomics from a market economics perspective with a focus on current macroeconomic policy issues and data. National income accounts, business cycles, unemployment and inflation, money and banking, fiscal and monetary policies, government debt and policies, economic growth and development, and international trade.

Pre-Requisites: ECON101

An introduction to macroeconomic analysis. National income accounting and determination. Business cycles, inflation and unemployment, fiscal policy, money, banking, and monetary policy, economic growth and development, international trade and finance.

Analysis of economic structures, policies and performance of the Saudi Arabian economy, in its evolutionary phases and current challenges. Topics covered include national income accounting; aggregate demand and its component parts. The labor market and the issue of Saudiization; key sectors of the economy including crude oil, agriculture, manufacturing, and services, with particular reference to the evolving capital and financial markets. International trade, public finance, fiscal and monetary policies, the role of economic planning in Saudi development, the SME sector and privatization. The impact of globalization, WTO accession, FDI and GCC regional economic integration.

Studies the efficiency of choices made by individuals, including consumers, workers, firms’ owners, and social planners, who have limited resources, and the relationship between their individual interests. Topics covered include theory of consumer behavior; demand and supply analysis; theory of cost and production; pricing theory in factor markets; different market structures such as perfect competition, monopoly, monopolistic competition, and oligopoly; general equilibrium analysis; elements of game theory; microeconomic policy; social costs and benefits, and regulation.

Pre-Requisites: ECON102

Studies aggregate economic performance, including both long-run growth and short-run fluctuations. The various measures of national output in closed and open economies. Aggregate demand and aggregate supply analysis; Keynesian general equilibrium analysis; consumption function, investment function, government expenditure, aggregate production function; economic stabilization, monetary and fiscal policy analysis; alternative macroeconomic paradigms – Classical, Keynesian, Monetarist, Neo-Classical, Neo-Keynesian, and Real Business Cycle; international trade, exchange rate, and balance of payments analysis; income and employment determination, unemployment and inflation, introduction to international financial and development organizations..

Pre-Requisites: ECON102

Covers history of money and its role; the role of money in macroeconomic policies; monetary policy and the role of money in the determination of output, prices, and interest rates; theories of supply of and demand for money; overview of the banking system; role of the central bank in the financial system and as executor of monetary policy; monetary policy tools and practices; analysis of inflation and unemployment; international monetary system. The Saudi Arabian financial and monetary system.

Pre-Requisites: ECON102

Analyzes economic structures, policies, and performance of the Saudi Arabian economy, in its evolutionary phases and current challenges. Topics covered include national income accounting; aggregate demand and its component parts. The labor market and the issue of Saudiization; key sectors of the economy including crude oil, agriculture, manufacturing, and services, with particular reference to the evolving capital and financial markets. International trade, public finance, fiscal and monetary policies, the role of economic planning in Saudi development, the SME sector and privatization.

Pre-Requisites: ECON102

Introduces basic concepts, theories, and analytical techniques in labor economics. Topics covered in this course include an overview of the labor market in general and the Saudi labor market in particular; labor demand and its elasticities; Saudi supply of labor, foreign supply of labor in the Saudi labor market; compensating wage differentials; investment in human capital (education & training); worker mobility – migration & labor turnover; wage determination; inequality in earnings; types of unemployment; inflation; and policy implications.

Pre-Requisites: ECON102

Applies economic theory and decision science methods to solve managerial problems. Topics include demand analysis; demand estimation; cost and production analysis; optimization methods, linear programming applied to managerial decision-making problems; market structures and managerial decisions, pricing practices, business investment decisions; present value and cost-benefit methods; risk and uncertainty; capital budgeting process, and the role of government in the market economy.

Pre-Requisites: ECON102

Application of fundamental concepts and techniques of economic analysis to project evaluation in engineering practice. Emphasis on interest and money relationships, methods for decision-making among alternatives, depreciation, break-even analysis, minimum cost formula, and capital budgeting.

Focuses on practical and conceptual issues involved in substantive applications of econometric techniques. Estimation and inference procedures are formally analyzed for simple econometric models and illustrated by empirical case studies using real-life data. The course covers linear regression models, time series models, and panel data models.

Pre-Requisites: ECON102 And STAT212

Focuses on international economic issues and policies based on international trade and monetary theories. Special references will be made to the Saudi Arabian economy. The course covers the classical theories of international trade; Heckscher-Ohlin and modern theories; tests of trade models; tariffs and protection; economic integration; current international economic issues; introduction to international finance and balance of payments; theories of balance of payments and exchange rates; international monetary systems; foreign exchange market; international parity conditions; managing foreign exchange risk; optimum currency areas.

Pre-Requisites: ECON102

Analyzes taxation and government expenditure policies. Public budgeting; different types of market imperfections and failures; role of the public sector; cost-benefit analysis; principles of public expenditure analysis and evaluation; social security and income transfer programs.

Pre-Requisites: ECON102

Discusses the importance of Islamic Economics, its ideological and philosophical foundations, the approach to economic problems and solutions from the Islamic perspectives as compared to other schools of thought. Property and distribution, taxation in terms of equity and efficiency, general principles about interest, money and its nature, functions and the verdict in Islam, modern money, and financial system from an Islamic viewpoint, Islamic monetary policy reforms.

Pre-Requisites: ECON102

Introduces economic development theory and applies it to the unique problems facing developing economies of Asia, Africa, and Latin America. Understanding the different types of growth and developmental theories, compare and contrast between different economies, identify the role of population growth, education, healthcare, and other parameters in the development process. Mathematical and graphical tools used in the measurement and analysis of development. Political economy, international trade, and fiscal policies for development.

Pre-Requisites: ECON102

Analyzes energy resources (such as petroleum, coal, gas, electricity, and renewable resources). Analysis of demand for and supply of energy sources (oil in particular, under the assumption of the theory of cartels, such as a dominant firm and OPEC). Analysis of short- and long-run costs of investments in resources under uncertainty. Energy, environment and climate change issues. Energy futures and options markets for managing risks. Energy and its derivatives; economics of energy security. Case study on the energy sector of the Saudi Economy. Note: Not to be taken for credits with ECON 475

Pre-Requisites: ECON102

Provides an introduction to economic decision-making and 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. Not to be taken for credit with ECON 450. Co-listed with ECON 575

Pre-Requisites: MATH102 Or MATH106

Focuses on advanced, contemporary, and specialized areas in economics not covered extensively in other courses.

Pre-Requisites: ECON102