Semester I

Required Text books: List below

From https://international.scholarvox.com/:

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:

https://openstax.org/details/books/principles-economics-2e

https://open.umn.edu/opentextbooks/textbooks/191

https://baripedia.org/wiki/Principles_of_economics

From INES-Ruhengeri Library:

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