ECON 442 Economic Theory II (Macro) (Pre-req: ECON 313 and 314. A good background in Quantitative Techniques)
National Income Accounting Revisited. National Income Determination. |
ECON 441 Economic Theory I (Micro) (Pre-req: ECON 311 and 312. A good background in Quantitative Techniques)
The nature of Economic Theory. Theory of Consumer Behaviour and firm behaviour treated as maximization problems under given constraints. |

ECON 318 Economic Development and Growth II (Pre-req: Econ 211 and 212)
This course is the continuation the exploration of Economic growth and development which began in the first semester. It focuses on specific problems faced by less developed countries. |
ECON 317 Economic Development and Growth I (Pre-req: Econ 211 and 212)
This course is designed to introduce students to some major growth models (both traditional and contemporary) and cross cutting issues such as gender and sustainable development, poverty and inequality. |

ECON 316 Applied Statistics for Economists (Prerequisite: ECON 213 and ECON 214)
Review of probability distributions of importance to economic problems: normal, binomial, Poisson. Multi-variate distributions. |
ECON 315 Applied Mathematics for Economists (Prerequisite: ECON 213 and ECON 214)
Review of basic mathematical concepts; derivations, rules for differentiation, integral, calculus, difference and differential equations. Mathematical treatment of the theory of consumer behaviour; axioms of consumer behaviour; utility functions, budget lines... |

ECON 314 Macroeconomic Theory II (Prerequisite: ECON 313)
Consumption Demand. Absolute Income, Life Cycle, Permanent income and Relative Income Hypothesis; Theory of Investment. Motivation of investment; determination of `present' value of investment; marginal efficiency of capital; acceleration principle.... |
ECON 313 Macroeconomic Theory I (Pre-req: ECON 212 and ECON 213)
Introduction: Macroeconomic variable; functional relationships and parameters; national income and national product accounting; circular flow of income and spending. |

ECON 312 Microeconomic Theory II (Prerequisite: ECON 311)
Monopoly: Definition and assumption of model. Demand curve under monopoly. Short-run equilibrium. Long-run equilibrium. Price discrimination. Monopolistic Competition. Meaning: product differentia-tion, many sellers. Pricing decision under monopolistic... |
ECON 311 Microeconomic Theory I (Pre-req: EC0N 211 and ECON 213)
Economic model-building. Positive and normative economics. Micro and Macro. Comparative Static and dynamic models. Consumer Behaviour and Demand Theory, Cardinal utility approach to demand theory: law of diminishing marginal utility, consumer equilibrium,... |