Principles of Macroeconomics

Principles of Macroeconomics (ECON 1610) is a core course for 1st year students at the Kulliyyah of Economics and Management Sciences (KENMS). This course provides basic understanding and knowledge on macroeconomics principles for economics, business, accounting and finance students. The course begins with an introduction to the basic concepts in macroeconomics, followed by discussions on measurement and determination of national output and income, employment, inflation; government budget and fiscal policy; money, banking and monetary policy; and international trade, balance of payments and exchange rates.