Knowledge:

Students will be able to:

• Identify the role of supply and demand in the economy and analyze the necessary conditions for a functioning market economy;
• Discuss the benefits of the market system and the role of price in the market;
• Have knowledge of the economic role of fiscal and monetary policies of central banks, banking reserves and partial structure of the market;
• Identify policy decisions and estimate the probability that will enhance economic growth and effectiveness.

Skills (applying knowledge):

• Demonstrate their ability to apply economic theory in the range of business problems and effectively explain their analysis;
• Demonstrate their ability to define and analyze economic problems using algebraic and statistical methods;
• Apply quantitative methods such as statistics or econometrics, and computer software (Eviews, Stata, SPSS) to solve problems;
• Identify, classify and describe the characteristics and economics of different models through the use of analytical methods and modeling techniques.

Professional:

• Identify factors to find solutions to problems that are relevant to environmental, social and political differences;
• Have cognitive and practical skills in order to develop solutions and solve problems by using basic methods, tools and inputs in the detailed field including economics;
• Supervise and control routine works related to the narrow field including economics and take limited responsibility for the evaluation and improvement of working and studying activities;
• Manage complex technical or professional activities or projects in related to the narrow field including economics.

Personal:

• Recognize  the need for a lifelong commitment to learning;
• Have effective self-expression in writing and verbally in English;
• Have skills in communication and social matters.