DEPARTMENT OF MANAGEMENT SCIENCE

IQRA UNIVERSITY ISLAMABAD

COURSE DESCRIPTION FORM
INSTITUTION: Iqra University, Islamabad Campus (A campus of Iqra University, Karachi)
Course Code ECO221
Course Title MACROECONOMICS
Credit Hours 3
Prerequisites by Course(s) and Microeconomics, Basic Mathematics & Statistics.
Topics Topics includes, GDP, GNP, Income inequality, Unemployment, Inflation,
international Trade, Money & banking.

Course Description The course is an extension of microeconomics course. The difference is that
the economic activities are measured at the economy level and not at the
individual level. Various concepts like GDP, GNP, per capita income and
CPI, Inflation and unemployment are studied. Fiscal Policy and Monetary
Policy are studied in detail so that the students gain the knowledge about the
in depth working of an economy and what are the various tools to conduct
these policies.

Course Objectives To understand how economic activity is measured by an economy.

To explore and understand the various indicators to look at for economic
growth.
To understand how a monetary and fiscal policy made to achieve the desired
goals of an economy
To understand the importance of taxation and the various types of taxes.

Assessment Instruments with Assignments: 10%

Weights (homework, quizzes, Quizzes: 10%
midterms, final, programming Project: 10%
assignments, lab work, etc.) Presentation: 5%
Midterm Exam: 25%
Final Exam: 40%
Course Coordinator Nadeem Arshaf / Muhammad Farooq
URL (if any) All the courses details can be found on Iqra LMS. http://lms.iuic.net.pk
Current Catalog Description It describes the course outline of “Macroeconomics”.
Textbook (or Laboratory Manual for 1. Economics- Principles, Problems and Policies, By Campbell R.
Laboratory Courses) McConnell and Stanley L. Brue, 17th Edition
2. Principles of Economics, By N. Gregory Mankiw, 3rd edition
3. Principles of Economics II, By A. Hamid Shahid

Reference Material 4. Economics 17th edition, by Paul A. Samuelson and William D.

Nordhaus.
5. Supplements in various newspapers on economy watch on Monday.

Course Goals Topics of importance that would help Students to answer at least the
following three questions:
1. What is economic growth and how do we measure it?
2. What are the main objectives of economic growth and how can an
economy achieve these desired goals?
3. What is a Monetary and Fiscal Policy? And how are these policies
conducted to achieve growth and stabilization?

1
 Topics Covered in the Course, with
Number of Lectures on Each Topic
(assume 15-week instruction and 3 hour
lectures)
1 Introduction of Macroeconomics, Basic Concepts.(2 Lecture)
2 National Income Accounting. (1 Lecture)
3 Classical Theory of Income & Employment
(1 Lecture)
4 Keynes Theory of Income & Employment
(1 Lecture)
5 Consumption Function(1 Lecture)

6 Theory of Investment(1 Lecture)

7 Business Cycle, Unemployment Multiplier and the GDP(1

Lecture)

8 Fiscal & Monetary Policies

(1 Lecture)
9 General Equilibrium in Goods & Money Market
(1 Lecture)
10 International Trade(1 Lecture)
11 National Income Determination & Balance of Payment
(2 Lecture)
12 Money and Banking(1 Lecture)

13 Economic Development & Developing Countries

(1 Lecture)
14
15
Laboratory Projects/Experiments N/A
Done in the Course
Programming Assignments Done in Assignments based on economic review of newspaper articles, case studies
the Course & important macroeconomic topics.
Class Time Spent on (in credit hours) Theory Problem Solution Social and Ethical Issues
Important Analysis Design
45 15 15 15
Oral and Written Communications Through Lectures, group discussions, assignments, projects & presentations.

Instructor Name: __ DR. SAMREEN FAHIM BABAR ____

Instructor Signature: ___________________________
Date: __30-.1-2015____