COMSATS Institute of Information Technology, Attock Campus
Department of Management Sciences
Contents:
Course Name:
Course Code:
Program and Semester:
Session:
Detailed Course Outline
Business Economics
ECO400
MPA-I
FALL 2016
Introduction:
Business Economics is a first course in Economics series to the students of MPA. It
introduces the students to issues related national and individual level using the tools and
techniques discussed in the class. Business Economics studies the economic issues related
to consumption, investment, savings, national income and exports and imports. It covers
policies which directly affects the above stated phenomena which can be addressed at public
policy formulation. Hence, it is an important module for the students of MPA to develop an
analytic skills which enable them to identify individual, national and international factors
affecting individuals, societies and hence public sector organizations.
Objectives:
The course aims to develop the following skills after completion of the module studies.
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Students will be able to find how factors affecting consumption.
Students will be able to find how factors affecting revenues.
Students will be able to find how factors affecting production.
Students will be able to find how factors affecting costs.
Students will be able to find how factors affecting market activities.
Course Outcomes:
After completing this course, students will be:
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Able to understand important Micro and Macro Economics concepts
Able to locate a microeconomic and macroeconomic problem of public importance.
Able to convert primary and secondary data into useful information to support
most types of economic analysis.
Utilize different statistical software like Excel for advanced techniques to convert
theory to results and learn from data what is given in theories.
Teaching Strategy:
The course follows the schedule as set out in the table. The table presents complete details
of teaching and lecture wise topics, any practical conduction requirements, quizzes and
assignments. Quizzes will also be conducted as proposed as planned.
COMSATS Institute of Information Technology, Attock Campus
Department of Management Sciences
Weekly Plan:
Week No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Contents
Lecture 1. Introduction to Business Economics
Lecture 2. How Economics Helps
Lecture 1. Tools and Concepts in Economics
Lecture 2. Tools and Concepts in Economics
Lecture 1. Consumer Behavior
Lecture 2. Consumer Behavior
Lecture 1. Consumer Behavior
Lecture 2. Consumer Behavior
Lecture 1. Theory of Demand
Lecture 2. Theory of Demand
Lecture 1. Production Function
Lecture 2. Production Function
Lecture 1. Theory of Supply
Lecture 2. Theory of Supply
Lecture 1. Market Equilibrium
Lecture 2. Market Equilibrium
Lecture 1. Perfect Competition
Lecture 2. Perfect Competition
Lecture 1. Monopoly and Imperfect Competition
Lecture 2. Monopoly and Imperfect Competition
Lecture 1. Input Markets
Lecture 2. Input Markets
Lecture 1. Fiscal Policy
Lecture 2. Fiscal Policy
Lecture 1. Monetary Policy
Lecture 2. Monetary Policy
Lecture 1. Policy Mix
Lecture 2. Policy Mix
Revision and Labs Practice
Optional
Quiz/Assign
Assign 1
Quiz 1
Quiz 2
Assign 2
Quiz 3
Quiz 4
Assign 3
Quiz 5
Assign 4
Quiz 6
Evaluation:
Business Economics is 3 credit hours module. It means, each week, students will set in
a 3 hours lecture. Also, it means, at least 9-12 hours additional study time will be
required for learning the core of contents presented during the lectures each week. So
students are highly encouraged to use time management strategies. The rules of the
institute requires each student to pass the module before taking the Research Tools and
Techniques in the coming semester, hence it is one of the important courses. Minimum
passing mark is 50 while it is encouraged to get above 60% for the minimum 2 Grade
Point Average.
COMSATS Institute of Information Technology, Attock Campus
Department of Management Sciences
The complete table of evaluation is as:
Marks obtained in min of 6 Quizzes
Marks obtained in 4 Assignments
Total Q/A:
First Sessional
Second Sessional
Total Sessional Marks:
Terminal Examination
Course Total Marks:
Minimum Passing Mark:
Minimum Mark for Grade Point Average of 2
15%
15%
25%
10%
15%
25%
50%
100%
50%
60%
Reading & learning resources:
Business Economics, Manab Adhikari, 2nd Edition, Excel Books
Macroeconomic Theory and Practice, Ahuja, H.L., 14th Edition, S. Chand Publishers
Microeconomic Theory and Practice, D.N. Dwivedi, Pearson Education
Course Instructor:
Muhammad Anees,
Assistant Professor, Program Coordinator (MPA)
MS Economics,
The University of Sheffield, UK
https://www.aneconomist.com (All assignments will be posted and submitted here after
second week of the semester)