Required Text books: List below



McDowell, M., Thom, R., Pastine, I., Frank, R., & Bernanke, B. (2012). Principles of economics. McGrawhill.

Begg, D., Vernasca, G., Fischer, S., & Dormbusch, R. (2011). Economics (Ed. 10). McGrawhill UK.


From Online sources:


From INES-Ruhengeri Library:

  1. Jhingan, M.L.(2004).Principles of economics(2nded.). Delhi, India: Vrinda publication LTD.
  2. Frank,R.H. &Bernanke,B.S.(2007). Principles of economics (3rd ed.). McGrawhill
  3. Sullivan, A. & Sheffrin, S.M. (2003). Economics: Principles and tools (3rd ed.). Prentice Hall
  4. McConnell, C.R.,Brune,S.L.& lynn,S.M.(2010).Economics:Principles,problems and policies (18th ed.). McGrawhill
  5. Schiller,B.R.(2006). The economy today (10th ed.). McGrawhill
  6. Guell,R.C.(2007). Issues in economics today (3rd ed.). McGrawhill
  7. Tayebwa, B. M. B. (2007). Basic Economics (4th ed.). Kampala,Uganda: Genuine Researchers and Publishers (GRP).

11. Course (module) Objectives (outcomes):

Course Objectives:

The objectives of the principles of economics are to gain an understanding of fundamental economic problems; to create understanding about current economic issues and their remedies; to develop preliminary knowledge of economic concepts for understanding national and international economy; to provide mastermind students to save the country from external shocks who already have a sound economic back ground.


Course Description:

This course studies the principles of economics. The course starts with introducing the meaning, importance basic concepts in economics and principles of economics, students will be able to:

  • Explain the ideas of economics given by Adam Smith, Marshall and Lionel Robbins;
  • differentiate between microeconomics and macroeconomics;
  • define the concept of descriptive, theoretical and policy economics;
  • differentiate between individual and market demand;
  • explain the assumptions behind the law of demand;
  • differentiate between supply and stock;
  • analyze the practical importance/application of the law of supply;
  • Elasticity of Supply
  • Utility
  • explain the law of equi-marginal utility with the use of schedule and graph;
  • Cost and revenues of firm
  • Introduction to macroeconomics
  • GDP
  • Money, Inflation and Unemployment