Main textbook:

Campbell R. McConnell Stanley L. Brue Sean M. Flynnwith special contribution by Randy Grant. 2012. Economics Principles, Problems and Policies. Irwin McGraw-Hill.

Economics: Principles, Problems, and Policies (The McGraw-Hill Series in Economics) , 19th Edition

Campbell R. McConnell (Author), Stanley L. Brue (Author), Sean M. Flynn (Author)

McConnell, Brue, and Flynn’s Economics: Principles, Problems, and Policies is the #1 Principles of Economics textbook in the world. It continues to be innovative while teaching students in a clear, unbiased way. The 19th Edition builds upon the tradition of leadership by sticking to 3 main goals: Help the beginning student master the principles essential for understanding the economizing problem, specific economic issues, and the policy alternatives; help the student understand and apply the economic perspective and reason accurately and objectively about economic matters; and promote a lasting student interest in economics and the economy.

Stuedents are responsible for chapters

1-7, 9-14, 15-17, 19-20, 26-37

Syllabus

1. Demand, supply and market price
2. The price mechanism and market failure
3. Some application of price theory
4. The basis of demand
5. The laws of returns
6. Perfect competition, imperfect competition, monopoly, price discrimination
7. National income and its measurement. Investments
8. Aggregate demand and aggregate supply
9. Money and the creation of bank deposits, monetary control
10. Inflation, value of money
11. Exchange rate systems
12. Public finance and taxation
13. Exam