National University of Sciences and Technology
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ECO 501 Economic Analysis
Campus NBS
Programs PG
Session Fall Semester 2016
Course Title Economic Analysis
Course Code ECO 501
Credit Hours 3
Course Objectives This course is designed to provide an introduction to intermediate economic principles. Students successfully completing this course should have a basic understanding of intermediate microeconomic theory.
Detail Content This course deals with a study of Basic Economic Concepts including; Microeconomics Vs Macroeconomics, Factors of Production, Needs and Wants, What, How and for whom to produce, the concept of Opportunity Cost, Production Possibility Theory, Market Economic System, The Command Economic System, The Mixed Economy, Gross National Product: Nominal Vs Real GNP, Aggregate Price Level, Employment, Budget Deficit, Current Account Deficit, Exchange Rate, Foreign Exchange Reserves, Demand, Supply and Equilibrium

Apart from basic economic concepts, some other areas are also covered in the subject. These topics include; Demand and Supply, Price Determination, Price and Income Elasticity. In terms of Market Structures students are exposed to concepts of Perfect Competition, Monopoly, Oligopoly, Price and Output Determination in different markets etc.
Text/Ref Books
Time Schedule Fall Semester 2014
Faculty/Resource Person To be finalized