Principles of Macroeconomics (ECOB1013)

This course provides an overview of macroeconomics: the measurement and determination of output, employment, interest rates and inflation. It gives details of financial and monetary systems. It covers basic concepts of International economics such as purchasing power parity and determination of equilibrium exchange rate. It sheds light on the causes of business cycles. It illustrates the affect of monetary and fiscal policies on internal and external deficits, inflation, unemployment and economic growth.

CLO: 1. Provide an introductory knowledge and content of Islamic Banking and Finance
CLO: 2. Demonstrate practical skills of ethics for Islamic corporate governance
CLO: 3. Help analyze and understand the issues related to theoretical and policy sides of Islamic Money and Capital Finance and their appropriate solutions.