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Principles of Macroeconomics

Course Description:

This course is an introduction to the behavioral science of economics, which focuses on the aggregate behavior of households, firms and the government. Main topics covered gross domestic product, national income, government income accelerator, aggregate demand, economic growth, unemployment, inflation, the business cycle, fiscal policy and monetary policy, and international trade.


Topics to be Covered
List of Topics

No. of


Contact hours

Macroeconomics - Getting Started

- Measuring GDP and the circular flow of income.


Unemployment and Inflation

- Unemployment rate, types of unemployment, factors of unemployment

- The consumer price index, causes and cost of inflation.


Economic growth and government intervention

- Long-run economic growth, financial system, savings and investments, business cycle.


Output and expenditure in the short-run

- Aggregate expenditure model, determinants of components of aggregate expenditure, multiplier effect, aggregate demand curve.

Aggregate demand and aggregate supply26
Money, Banks and central bank13
Fiscal policy13
Monetary Policy13
Unemployment and inflation topics on Monetary and Fiscal Policy.26



Schedule of Assessment Tasks for Students During the Semester
 Assessment task (i.e., essay, test, quizzes, group project, examination, speech, oral presentation, etc.)Week DueProportion of Total Assessment
1In class Quizzes Week 5,1210%
2Group Project/Portfolio/Presentation /ParticipationOngoing, End of Semester15%

Individual assignment

Blackboard exercises submission

Ongoing, End of Semester15%
4MidtermWeek 920%
5Final Exam End of Semester40%


 1.List Required Textbooks


Hubbard, O'Brien, Eid, and El Anshasy (2011). Economics. Arab World Edition. Pearson, ISBN: 9781408255308


List Essential References Materials (Journals, Reports, etc.2

 - N. G. Mankiw and M. H. Rashwan (2015). Principles of Economics, Second Arab World Edition. Cengage Learning. ISBN 978-1-4737-0484-8-

- Parkin, M. (2018). Macroeconomics. 12th Edition, Pearson Series in Economics.