Kingdom of Saudi Arabia Ministry of Higher …...flows, time value of money, ratio analysis, working...

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Kingdom of Saudi Arabia

Ministry of Higher Education

University of Hail

College of Business Administration

Bachelor Program in Economics

(2016-17)

Manual of Economics Hail University

1

Manual of the Bachelor

Program

in Economics


2

Curriculum of B.Sc. in Economics

First Year (Freshman)

Second Year (sophomore)

Third Year (Junior)

Fourth Year (Senior)

Pre-Req. CR LAB LEC Title Course Pre-Req. CR LAB LEC Title Course

ECN102 3 0 3 Macroeconomic

Theory ECN222

ECN 101 3 0 3

Microeconomic

Theory ECN221

ECN102 3 0 3 Agricultural

Economics ECN215

3 0 3

Principles of

Marketing MKT101

ECN102 3 0 3 Regional and Urban

Economics ECN216

ECN 102 3 0 3 Money and Banking ECN 213

3 0 3 Elective I ECN xxx

Math131 3 0 3 Applied Calculus-

Math (2) MATH134

ENG214 3 0 3 Business

Communication MGT223

ECN102 3 0 3 Labor Economics ECN214

ARAB101 2 0 2 التحرير العربي ARAB201 IC 101 2 0 2 اإلسالم وبناء الوجتوع IC 102

17 0 17 17 0 17


ECN102 3 0 3 Macroeconomic

Theory ECN222

ECN 101 3 0 3

Microeconomic

Theory ECN221

ECN102 3 0 3 Agricultural

Economics ECN215

3 0 3

Principles of

Marketing MKT101

ECN102 3 0 3 Regional and Urban

Economics ECN216

ECN 102 3 0 3 Money and Banking ECN 213

3 0 3 Elective I ECN xxx

Math131 3 0 3 Applied Calculus-

Math (2) MATH134

ENG214 3 0 3 Business

Communication MGT223

ECN102 3 0 3 Labor Economics ECN214

ARAB101 2 0 2 التحرير العربي ARAB201 IC 101 2 0 2 اإلسالم وبناء الوجتوع IC 102

17 0 17 17 0 17


ECN

222

STA101

ECN322

3 0 3 Econometrics ECN323

ECN221 3 0 3 Mathematical

Economics ECN322

FIN101 3 0 3 Small Business

Enterprise FIN303

ECN222 3 0 3

International Trade and

Finance

ECN311

ECN

222, IC

103

3 0 3 Fundamentals of

Islamic Economics ECN304

ECN

102

3 0 3 Public finance FIN302

ECN222 3 0 3 Energy Economics ECN316

3

0

3 Business Law BUS111

MGT101 3 0 3 Organizational

Behavior MGT312

IC 102 2 0 2 اإلسالم في النظام االقتصادي

IC 201

3 0 3 Elective IІI ECN xxx 3 0 3 Elective IІ ECN xxx

18 0 18 17 0 17

Pre-Req. CR LA

B

LE

C

Title Course Pre-Req. CR LAB LEC Title Course

ECN222 3 0 3 Knowledge Economics ECN431

ENGL110

And

Completion

of 85 credit

hours

6 0 0 Economic Coop

Education ECN450

ECN222 3 0 3 Economic Growth and

Development ECN432

OR

ECN222 3 0 3

Economy of Saudi

Arabia ECN413

ECN221,

ECN222 3 0 3

History of Economic

Thought ECN 424

MGT101 3 0 3 Strategic Management MGT402

3 0 3 Research seminar

in Economics

ECN441

اإلسالم في النظام السياسي 2 0 2 IC104

3 0 3 Selected topics in

Economics ECN451

17 0 17 6 0 6


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*Total credit hours required in preparatory program: 27. Total credit hours requirement in Economics program: 126

* Cooperative education or two advance courses:

1. Cooperative education: A student who successfully completed 85 credit hours with a GPA of no less than 2.0 can enrol in the Cooperative

education. 2. As an Alternative to Cooperative Education: A students who successfully completed 90 credit hours but at a GPA of less than 2.50 can take the

Research Seminar in Economics and selected topics in Economics . .ھ10/07/2017وهجلس الكلية السادس ھ (00/07/2017و تاريخ السادس )توصية هجلس قسن

والتوويل / االقتصادرئيس قسن التوقيع


4

University Mandatory Requirements

Course Code: IC101 Course Name: مدخل إلى الثقافة اإلسالميةال

Credits: 2 (2+0+0) Pre-requisite: None

ذف ذا انمزر إن تزسخ انؼمذج اإلساليح انصذذح ، رتظ األجال انسهح تصادر اإلسالو

تا ذظ طانةاألساسح، إتزاس أح تذل ذ انؼارف إن الغ د ف سهن انسهى، يغ تؼزف ان

اليح اناسثح نهشكالخ انت تخزا انظزاخ انظى ي انخاطز انؼاصزج، إجاد انذهل اإلس ت

انضؼح يغ رد شثاتا،

Course Code: ARAB101 Course Name: مهارات اللغة العربية


غ أداء ػثارج ج ستطتانفؼم د ذف ذا انمزر إن تؼهى انطانة لاػذ انهغح انؼزتح تح يارات

ح انهغح تشكم ػاوتسهئح انذح انصزفح أالاليسهح ي اأنخطاء اإال ح ثزرفغ انمذراخ انتؼ .

اضخ نالسثح تشكم دناػه استخذاو انؼثارج ا انهغح ، يساػذت نهطانة ، سادج حزت تذرة .

ذزص ػه انتسه تانهغح انؼزتح انفصذنفكار ، يغ اال طم نانطانة ػه انتذذث ، انتظى ان رفغ .

اأنذاء انهغ انؼاو نذ انطانة

Course Code: IC 102 Course Name: اإلسالم وبناء المجتمع

Credits: 2 (2+0+0) Pre-requisite: IC101

زي ذا انمزر ان:

. انتؼزف تظاي انجتغ األسزج ف اإلسالو

تغ انسهى ، سات ، أسثاب تمح انزاتظ االجتاػح ت أفزاد يؼزفح أسس تاء انج

انجتغ .

. يؼزفح أى انشكالخ األسزح االجتاػح

. اإلناو تانخطثح أدكايا انؼايح

. انتؼزف ػه أدكاو انكاح ف اإلسالو

زؼت اندح انتؼزف ػه أدكاو انطالق ف اإلسالو . انتش تا ت انطالق ف انش

انصزاح .

إتزاس دكى انتشزغ ف ػو ذا انمزر


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Course Code: ENG110 Course Name: Technical Report Writing


This course offers a review of organizational skills including paragraph writing and basic forms

of technical communications, various forms of business correspondence, and basic procedures for

research writing.

Course Code: ARAB 102 Course Name: التحرير العربي

Credits: 2 (2+0+0) Pre-requisite: ARAB101

:ذف ذا انمزر إن

طانة ، رفغ لذرات انتؼثزح ، سادج حزت انهغح ، يساػذت ػه تسغ حمافح ان

استخذاو انؼثارج اناسثح تشكم دالن اضخ .

تذرة انطانة ػه انتذذث ، تح يارج انتفكز ، تاء األفكار تطمح ، تح يارج

ح انفصذانذار ، تذال انزأ ، يغ انذزص ػه انتسه تانهغح انؼزت

رفغ األداء انهغ نذ انطانة ؛ تذج ستطغ أداء ػثارج سهح ي األخطاء

انذح انصزفح األسهتح انهغح تشكم ػاو . اإليالئح

تؼهى انطانة أصل انتذزز أساساخ انكتاتح تانؼزتح

Course Code: IC 104 Course Name: اإلسالمفي النظام السياسي

Credits: 2 (2+0+0) Pre-requisite: IC103

:ذا انمزري اذاف

تا تضخ يفو أسس لاػذ تؼض تشزؼاخ ظاو انذكى اإلسالي يذ شأج انذنحذرن انطانة أح ذا انذكى يمارت تاألظح ثاإلساليح حى ف ظاو انذكى اإلسالي تؼذا ن

ع ف أظح يتطزفحاألخز تجة يخاطز انل تا تؼهك تانساسح انخارجح نهذنح اإلساليح يؼاز تؼايها يغ انذل األخز البتػح انط تؼض انفاى انساسح انؼاصزج يلف اإلسالو يا. البإػطاء انط تا تفق اإلسالو س ػه انذاة األدا األخز إظار لذرت ػه تذمك انسؼادج

ف انذار تح رح انالء نإلسالو تمذ ػه يا سا ي االتاءاخ األخز

رتظ انطانة تانمضاا االلتصادح انؼاصز


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College Mandatory Requirements

First Year

(Freshman)

Course Code: MGT 101 Course Name: Principles of Management


This course is designed to provide students with understanding of basic principles, concepts, terminology

and practices of management in all types of enterprises. Students will be introduced to management theory,

research and practice. Particular attention will be given to the basic managerial functions such as planning,

organizing, directing and controlling. Whenever possible, efforts will be made to relate these materials to

management in Saudi Arabia. The objective of principles of Management is to guide the professional

development of the students by focusing on the core competencies of effective managers.

The main learning outcome of the course will be as follows:

i. To illustrate theories which explain individual and group behaviors and their relationship with the

internal functioning of the organization.

ii. To clarify the processes and practices for the effective management of organizations and decision-

making within them.

iii. To expose effective strategies for the management and development of people within the

organization.

iv. To illustrate the increasing importance of sustainability.

v. To develop communication abilities.

vii. To develop ethical understanding and reasoning abilities

viii. To clear up the dynamics of the global economy.

ix. To develop multicultural and diversity understanding.

Course Code: FIN 101 Course Name: Financial Management

Credits: 3 (3+0+0) Pre-Pre-requisite: ACC 101

This course covers theories, concepts, and analytical techniques in financial management, evaluation of

financial goals and objectives, overview of financial markets and institutions, financial statements and cash

flows, time value of money, ratio analysis, working capital management, short-term financing operating and

financial leverages, financial forecasting and planning, capital budgeting techniques. This course is

designed to provide a comprehensive initialization and introduction to the field of financial management.

The core emphasis is laid on the processes and methodology of financial statement analysis, which can be

applied in corporate sector and used as guidelines in assessing, interpreting and planning financial data to


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meet the objectives of managing a business entity effectively.


i. Discuss the value of financial management in corporate sector and the value of financial

implications in the success or failure of a firm/project.

ii. Explain the domestic financial markets and institutions and how firms obtain funds in the financial

markets and at what cost.

iii. Describe the forecast a firm’s financial needs.

iv. Define financial leverage and its far reaching effects on the business domain of a firm.

vi. Interpret the basic valuation concepts in finance.

vii. Analyze and determine the value of a firm’s securities and the improvisations of management to

influence these values.

xiii. Develop analytical skills.

Course Code: ECN 101 Course Name: Principles of Microeconomics

Credits: 3 (3+0+0) Pre-Pre-requisite: None

This course is an introductory course and deals with the principles of microeconomics. The course is

intended to provide the student with the basic issues concerning microeconomics covering economic

concepts, economic approach, demand, supply, and price, along with the analyses of consumer and

producer behavior both in the short and long runs. It also covers market structure with explanation of

characteristics of different market forms for goods and services as well as factors of production. Some

highlights are reviewed about market failure, role of government, taxation and public expenditure, and

environmental protection.


i. To introduce the macro- and micro-economic concepts and methods of economic analysis and they

will also develop the ability to apply these to a range of business problems.

ii. To illustrate the increasing importance of sustainability.

iii. To clarify domestic and global economic environments of organizations.

Course Code: MIS 101 Course Name: Principles of MIS


This course aims to introduce students with the survey of MIS concepts, Information systems for

operational, tactical and strategic management in the various functions of an organization. It will also

include an overview of end-user computing.

The main learning outcomes of the course are as follows:


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i. To illustrate the management and exploitation of information systems and the use of broader information

and communication technologies.

ii. To explain the Information technologies as they influence the structure and processes of organizations

and economies, and as they influence the roles and techniques of management.

Course Code: ACC 101 Course Name: Principles of Accounting


This course aims to impart knowledge of accounting as an important information system in economic

entities, with special emphasis on accounting cycle in both service and merchandising companies, recording

entries, posting, preparing, and preparing trial balance, income statement, change in equity statement, and

balance sheet. It also covers merchandising operations under both periodic and perpetual inventory systems.

The main learning outcomes of the course will be as follows:

i. To explain the accounting statements are prepared with the ability to interpret these and other

financial and managerial accounting information in an organizational context.

ii. To develop analytical skills.

iii. To clarify the financial theories, analysis, reporting, and markets.

Course Code: STA 101 Course Name: Statistical Methods for Management


This course aims to familiarize students with statistics and its applications in accounting and business

research. It covers basic functions of data collection and its classification. It also introduces students how to

measure the central tendency and dispersion in frequency distribution. It is intended to provide students

with advanced knowledge of statistics. Introducing basic concepts of probability and statistics for business

students. It also introduces index number and time series analysis. Students will learn the difference

between descriptive and inferential statistics and how to use them in statistical analysis. This course

introduces the concept of hypothesis testing and sampling methods and their importance in real world. This

provides the understanding of the nature of randomness of real world problems, the formulation of

statistical methods by using intuitive arguments and thereby making meaningful decisions.


i. To use descriptive statistics.

ii. To illustrate the methods for the data analysis.

iii. To explain the inferential statistics.

iv. To explain about forecasting with the help of statistical tools so that the student can be able for

decision making in more organized way.

v. After this course students can be able to use analytical skills in business for the betterment of any


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organization.

Course Code: MATH 131 Course Name: Finite Mathematics (Math-1)


Linear equations and inequalities, systems of linear equations, basic material on matrices, elementary

introduction to linear programming. Counting techniques, permutations and combinations. Probability for

finite sample space, basic concepts in statistics. Topics in the mathematics of finance.

The main learning outcomes of the course will be as follows:

i. Develop analytical skills.

Course Code: ACC 102 Course Name: Principles of Accounting-II

Credits: 3 (2+3+0) Pre-Pre-requisite: ACC101

Accounting principles and techniques underlying the financial statements of partnerships corporations,

accounting for stocks and dividends, accounting for bond issues, statement of cash flows, general price level

adjusted financial statements, analysis of financial statements, cost accounting systems for manufacturing

concerns, cost-volume-profit analysis, responsibility accounting, and budgeting, cost-revenue analysis for

decision making, and utilization of basic accounting software packages.


i. To illustrate the accounting statements are prepared with the ability to interpret these and other

financial and managerial accounting information in an organizational context.

ii. To develop analytical skills.

iii. To explain about the financial theories, analysis, reporting, and markets.

Course Code: ECN 102 Course Name: Principle of Macroeconomics

Credits: 3 (3+0+0) Pre-requisite: ECN 101

This course is an introductory course and deals with the principles of macroeconomics. The course is

intended to provide the student with the basic issues concerning macroeconomics covering economic

concepts, economic approach, measurement of national income, models of macroeconomics, aggregate

demand and aggregate supply in both short and long runs. The course also covers economic growth, money,

and banking, economic fluctuations and international trade economics.


i. To introduce basic concepts of macroeconomics such as variables, fluctuations, and trends.

ii. To develop the macroeconomic models, in the short run and the long run.


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iii. To comprehend and to apply the concepts of macroeconomic models to analyze economic problems

and prescribe appropriate policies and correcting measures both in the short and long runs.

iv. To analyze the concept of equilibrium national income, aggregate expenditures, factor incomes,

value added, and determination of national income in the economy.

v. To examine the conditions for macroeconomic equilibrium and the impact of aggregate demand,

aggregate supply and price level, both in the short and long runs.

vi. To show different economic theories of growth as applied to various macroeconomic models and

applications.

vii. To expose money and banking economics and monetary policies with respect to transmission

mechanism, growth, and macroeconomic equilibrium.

viii. To clarify the macroeconomics of international trade and finance as applied to trade and finance

policies and international economics.

ix. To develop the skills and abilities to explain various macroeconomic problems, analyze the main

causes, major consequences and outcomes, and suggest the appropriate macroeconomic policies.

x. To build and to design macroeconomic models that help to understand the structure and functioning

of any economy of interest

Second Year

(Sophomore)

Course Code: ECN214 Course Name: Labor Economics

Credits: 3 (3+0+0) Pre-requisite: ECN102

The course aims to provide the student with the principles of labor market theory needed to analyze the

various issues that arise in labor markets. Theory of labor supply and its applications are discussed, as well

as investment in human capital, along with labor demand and wage elasticity, the labor market equilibrium,

wages and distribution theories, wage differentials in the market, ending with labor market in Saudi Arabia.


i. Describe the complexities of the labor market.

ii. Explain the labor market statistics.

iii. Write about the basic theory of labor economics.

iv. Interpret the quantitative analysis that used in labor economics.

Course Code: MGT223 Course Name: Business Communication

Credits: 3 (3+0+0) Pre-requisite: ENG214

The course focuses on the knowledge and skills associated with clearly receiving, transmitting and

communicating information within the business environment. Using communication theory and practical

application, students will develop effective writing, speaking, and presentation skills required conveying a


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business’ communication strategy. Besides, covering the broad scope of topics in all forms of business

communication, this course introduces a student-friendly writing style and strong design elements to hold

students' attention. Real-world examples and real business applications underscore the relevance and

importance of the material to the business communication students' academic and career work. Independent

and group work activities will be incorporated to the learning environment in order to apply the students’

communication skills and knowledge to topics of teamwork, customer relations and leadership.


i. To illustrate the essentials of efficient and effective business communication, thereby transforming

them into leaders for a networked world.

ii. To explain understand the management and exploitation of information systems and the use of

broader information and communication technologies.

iii. To develop will develop communication abilities.

iv. To develop reflective thinking skills.

Course Code: ECN221 Course Name: Microeconomic Theory

Credits: 3 (3+0+0) Pre-Pre-requisite: ECN 101

The course is a theoretical approach to analyze the behavior of the individual consumer and supplier in the

marketplace. It includes consumer demand theory, costs of production, and market structures ranging from

pure competition to monopoly. An over view analyses will be conducted to factor markets, mainly labor

and capital markets and a hands on environmental issues.


i. Explain the theories of consumers, producers and agency theory.

ii. Describe what is market imperfections and various tools used by the government for market

interference and their implications.

iii. Analyze consumers’ and producer’s behavior and explain them.

iv. Demonstrate the use information technology to solve numerical problems in this course.

Course Code: ECN213 Course Name: Money and Banking


This course is a continuation and expansion of money and banking concepts introduced in Macroeconomics

(ECN102), which includes money, banks, and other financial intermediaries, as well as analysis of the role

and functions of central banks. Concepts of monetary control, monetary policy, and international banking

are extensively and intensively analyzed. The course goal is for students to master the logic, intuition and

operation of a financial system - money, financial markets (money and capital markets, debt and equity

markets, derivatives markets), and financial institutions and intermediaries (the Central Bank, depository

institutions, credit unions, pension funds, insurance companies, venture capital firms, investment banks,

mutual funds, etc.). In other words, how money/capital change hands between agents over time, directly


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and through institutions.

The main learning outcomes will be as follows:

i. Define labor market statistics.

ii. Explain the advantage and disadvantages of structuring compensation in various ways.

iii. Explain the basic theory of labor market.

iv. Show interaction with other students.

v. Illustrate the use of quantitative analysis that are used in labor economics.

Course Code: ECN222 Course Name: Macroeconomic Theory


The course is an intermediate-level theory examining determinants of GDP, employment, and inflation. It

emphasizes economic model building (both classical and Keynesian) and the use of monetary and fiscal

policies to control business cycles and inflation. An overview of international trade and finance issues are

treated in an integral approach to macroeconomics theory.


i. Explain the principles of economics that apply to an economic system as whole.

ii. Demonstrate listening skills, reading skills and ability of analyzing the study.

iii. Demonstrate oral presentation, responding to class discussion, team work skills, responsibility and

independence.

Course Code: ECN216 Course Name: Regional and urban Economics

3 (3+0+0) Pre-requisite: ECN 102

This course is designed to exam economic growth in the economy with emphasis on the problems of

economic growth in different urban sectors based on theories, models, and polices of regions and sectors

applying input output analysis. Issues like migration from rural areas to urban and consequences are

critically analyzed. The course looks at factors instrumental in determining economic growth in various

segments of the economy; linked with urban problems associated with growth.


i. Explain the basic theories of regional and urban economics on macro level parameter bases.

ii. Demonstrate the skills of identifying and handling the environmental issues in the region.

iii. Demonstrate web browsing and use of the email as communication tools

Course Code: ECN215 Course Name: Agricultural Economics


This course focuses on the Agricultural Economics based on the development of analytical, quantitative,

computing and communication skills with an academic emphasis on commodity markets and agricultural

and natural resource issues. Skills highly regarded by employers are gained throughout the course and by


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research experience in the final year. Your studies may involve applied international trade, agribusiness

management, marketing, agricultural and resource policy, and marketing and finance. It addresses the most

challenging current issues of the day, such as carbon, water, food security, climate change, and the

environment. Units of study are offered by both the Faculty of Agriculture and Environment and other

relevant faculties. The course is flexible and allows students to undertake both a non-agricultural economics

and agricultural issues too.


i. Describe growth and development of agriculture, its scopes and practical applications in the farms.

ii. Describe geographical, economic, cultural social and demographic factors that influence agricultural

practices.

iii. Explain concept of agricultural farming as global practices.

iv. Demonstrate web browsing and use of the email as communication tools.

Course Code: MKT101 Course Name: Principles of Marketing


The objective of this course is to develop an understanding of the basic elements in marketing strategy such

as product planning, market selection, distribution and pricing. In addition it also focuses on the process of

integrating all these elements in a coherent marketing mix. The course starts with definitions and

discussions on basic concepts of Marketing, the evolution of Marketing and its role in business and

economy. This is followed by an analysis of the environments in which Marketing operates, Market Types

and analysis (of Consumer markets and Industrial markets), Measuring and Forecasting Market Demand,

Marketing Information System, Segmentation, Targeting and Positioning. The course then ends by

discussing the Marketing mix elements by emphasizing on the important decisions related to product, price,

promotion, distribution and logistics and processes. Other special topics include International marketing,

service marketing, and social marketing with some aspects of roles of IT in marketing.

Accordingly, the main learning outcomes will be as follows:

i. To be acquainted with the basic concepts of marketing and how it has evolved.

ii. To illustrate the basic elements of the marketing mix, and their relationship with the surrounding

environments.

iii. To clarify the consumer buying decision process and to identify the various factors which influence

consumer behavior.

iv. To demonstrate how marketers can benefit from studying and analyzing consumer behavior when

designing the marketing mix.

v. To be aware of the concept of market segmentation and its importance to marketers. Moreover, to

understand how consumer market and organizational/ industrial market can be segmented.

vi. To clarify the definitions of product and related definitions. Also, to become familiar with various

classifications of products (product types) and the impact on marketing.


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vii. To be familiar with the concept, considerations, and strategies of pricing.

viii. To expose the role played by promotion in the marketing mix of an organization.

ix. To be familiar with the concept, importance of distribution and types of channels of distribution.

x. To emphasize the distribution channel management process. Also to be aware of the different types

of distribution outlets, whether wholesaling or retailing outlets.

xi. To illustrate the creation of value through the integrated production and distribution of goods,

services and information.

xii. To explain the customer expectations and the importance of a customer orientation and customer

service to all organizations.

Third Year

(Junior)

Course Code: ECN304 Course Name: Fundamentals of Islamic Economics

Credits: 3 (3+0+0) Pre-requisite: ECN102; ECN222

Islamic Economics is the knowledge and applications and rules of the shariah That Prevent injustice in the

requisition and disposal of material resources in order to Provide satisfaction to human being and enable

them to perform their obligations to God and the society.


i. Learn the basic theories of human life, religion and economics.

ii. Learn about Islamic Economic System, philosophy Shari’ah and norms.

iii. Acquire basic understanding of concepts of Islamic Economics thought, history, philosophy as per

Islamic Sharia and Law.

iv. Discuss about the possibilities and prospects of the interest free banking and financial system to run

this globe.

v. Demonstrate the use of Web browsing to search latest development in the knowledge management

domain.

Course Code: MGT312 Course Name: Organizational Behavior

Credits: 3 (3+0+0) Pre-Pre-requisite: MGT101

This course is based on a proposition that managing people, structure, and processes in organizations is a

challenging, compelling, and crucial set of tasks. This course will provide an opportunity to students to look

inside organizations and to develop their own perspective and skills for managing organizational behavior.

It will introduce students to theories, research results, and applications that focus on managing

organizational behavior in small, large, and multinational organizations. Since effective management of

organizational behavior requires an understanding of theory, research and practice, through this course

students will comprehend the three generic characteristics of organizations namely behavior, structure, and


15

processes that are affected by actions of managers.


i. To clarify theories which explain individual and group behaviors and their relationship with the

internal functioning of the organization.

ii. To expose effective strategies for the management and development of people within the

organization.

iii. To illustrate group and individual dynamics in organization.

Course Code: ECN323 Course Name: Econometrics

Credits: 3 (3+0+0) Pre-requisite:ECN222,STA101

Introductory Econometrics is to designed to introduce fundamental concepts of econometrics and to provide

the students with skills that can be applied in economic filed. This course will focus on techniques for

estimating regression models, on problems commonly encountered in estimating such models, and on

interpreting the estimates from such models. Finally, this course will cover the following topics in detail:

Statistical Concepts (review); Simple Linear Regression and Modeling; Multivariate Regression and

Modeling; General Linear Regression Model ; Non-linear effects in Regression models; Estimating

Regression Models with Panel Data; Regression Models with Binary Dependent Variable; Instrumental

Variable estimation.

An important part of the class, basically most of the homework assignments involve the use of econometric

software (EVIEWS).


i. Outline difference between economic and statistical importance.

ii. Describe the tools of econometrics and applying them in practice.

iii. Develop strong analytical skill.

iv. Demonstrate computer skill and internet use.

Course Code: BUS 111 Course Name: Business Law


Business Law provides students a comprehensive understanding of the legal issues of fundamental

importance to the businesses. The students will learn about the nature and origin of business contracts;

creating contracts viz., offers, and acceptance; consideration; capacity to contract; voluntary consent;

Illegality; the form and meaning of contracts; third party contract rights, performance and remedies;

formation and terms of sales contracts; warranties and product liability; performance of sales contracts, and

remedies for breach of contracts. Besides, students will also learn about the agency relationship’ creation,

duties, and termination; liability of principals and agents to third parties; employment laws. The students

will also understand the form of business organizations; partnerships firms; formation and termination of

corporations; management of the corporate business. This course will also give an insight of negotiable


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instruments; Negotiation and Holder in due course; liability of parties; checks and electronic fund transfer;

and introduction to security in relation to cash credit to the students of College of Business Administration.

The students will examine the relationship of law and ethics, due process, contract law, court systems, and

methods of dispute resolution. Business dispute cases and current issues in the business law will provide

facts and analysis to illustrate law in action.

The man learning outcomes of the course will be as follows:

i. To clarify the legal environment within which local, regional and international commerce is

conducted.

ii. To develop communication abilities.

iii. To develop ethical understanding and reasoning abilities.

iv. To emphasize ethical and legal responsibilities in organizations and society

Course Code: ECN311 Course Name: International Trade and Finance


This course will present and will analyze the real-world key phenomena and policies concerning economic

globalization, an increasingly important feature of the modern world. Students will investigate the important

questions of international economics and the main components of international trade and international

finance, assist students to develop the necessary concepts and tools to analyze the current global

issues/events and their impacts on the business environment and the world economy. It will enable students

to understand and evaluate the effects of various trade policies on the business environment and the global

economy. Students will think critically and creatively while making effective economic decisions and

policy suggestions supported by international economic theories, and the relevant analytical and

quantitative techniques.


i. Explain the basic theories of international trade and finance.

ii. Interpret the types of trades at international level that is bilateral, multilateral and restricted trades

with their advantages and disadvantages.

iii. Analyze and compare the trade benefits or losses between two countries.

iv. Demonstrate the use Internet, email as a tool of communication

Course Code: ECN316 Course Name: Energy Economics


This course is tailored for the student desiring an understanding of the relationship between the energy sector

and the wider economy. It covers additional topics in Petroleum Economics, with emphasis on tracing the

macroeconomic impact and implications of oil and gas sector decisions. Topics to be covered include oil

price shocks and the global economy, the problems associated with managing oil wealth, transparency and

resource based industrialization, depletion policy and environmental issues.


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i. Explain the basic of energy and its economics.

ii. Describe the challenges faced by oil and natural gas industries, which led to the profitability of

energy resources business.

iii. Show basic understanding of concepts of energy farming as global practices.

iv. Interpret the successful and unsuccessful cases of the companies in the energy business.

Course Code: ECN 322 Course Name: Mathematical Economics


This course will provide the students with mathematical tools and techniques for understanding economic

theory and principles and make economic analysis using mathematical models.


i. Recognize the forces of change and examine the characteristics associated with resistance to change

in market.

ii. Design and implement a successful mathematical analysis model for any particular organization.

iii. Develop decision making, managerial efficiency, factor effectiveness, etc. Demonstrate group

discussions, seminars, workshops, short projects, etc.

Fourth Year

(Senior)

Course Code: ECN 431 Course Name: Knowledge Economics


The course is designed to introduce the meaning, principles, concepts, terminology and practices of

knowledge management with its optimality. Students will be aware of deep conceptual and structural

transformation of our economic activities, gradual shifts in knowledge-intensive activities, expansion of

knowledge-based investments, technological revolution that radically altered the production and

transmission of knowledge and information. The course also focuses on the dual nature of the economics of

knowledge: its emergence as a discipline (which is called "the economics of knowledge") and the historical

development of a particular period in the growth and organization of economic activities ("the knowledge-

based economy"). The course addresses policy concerns suggested by the uneven development of

knowledge across different sectors and by the need to find ways of reclaiming the public dimension of

knowledge from an essentially privatized knowledge revolution.


i. Write about the economic, cultural, social and demographic factors that influence knowledge and

the competitive forces that affect the acquisition of knowledge.

ii. Tell about the significance of ethics for individual knowledge its use in organizational growth and


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development.

iii. Develop basic understanding of principles of knowledge economics and important assistance

functions to benefit in optimization of the knowledge among professionals.

iv. Assess online libraries.

Course Code: MGT402 Course Name: Strategic Management

Credits: 3 (3+0+0) Pre-Pre-requisite: MGT101

This course focuses on teaching the basics and general principles of strategic management. It also aims to

provide understanding of the processes of planning and strategic analysis of the firm, applying strategic

decisions, and control, through the use of the techniques of case studies analysis to the students. This

course also explains strategies formulation and their implementation by the business firms at all the level of

functioning viz., Corporate, Business, and Functional. In this course the focus will be given to case studies

based learning, presentations of industry specific organizations strategies, group discussions on the practical

application of theories of strategic management, playing management games, and short term projects

assignments etc.


i. To explain the creation of value through the integrated production and distribution of goods,

services and information.

ii. To clarify the customer expectations and the importance of a customer orientation and customer

service to all organizations.

iii. To expose the fundamentals of marketing and consumer behavior, and the processes by which

marketing plans and strategies are constructed.

iv. To illustrate the effective strategies for the management and development of people within the

organization.

v. To introduce business policy and strategy; how appropriate policies and strategies are developed to

meet the challenges of a changing environment and to achieve organizational goals.

vi. To emphasize the increasing importance of sustainability.

Course Code: ECN432 Course Name: Economic Growth and Development


The course looks into humanity, social stability, environmental sustainability, and just distribution of

economic gains, in the dynamics of growth of GDP in the economy. Furthermore, it, explicitly, recognizes

the complexity of economic development by linking economic activity to our broader social and natural

environments referring to economics theories of growth and development, growth models case studies

worldwide experiences in growth and development.


i. Describe the root causes of growth and development of any state.


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ii. Write about the economic, cultural, social and demographic factors that influence growth and

development of any state.

iii. Explain the proper sources of knowledge, along with mobilization and compensation of those

resources.

iv. Show the use of online libraries.

Course Code: ECN 413 Course Name: Economy of Saudi Arabia


This course is designed to familiarize students with the features of the Saudi economy. Special emphasis is

placed on the sources of economic growth and the pattern of structural changes that have taken place and

the different national economic problems and issues facing the economy. In addition, the course will deal

with the different economic sectors of the economy and their contribution to the GDP. Finally, the role of

the government especially in the area of economic planning will be discussed. The objectives of this course

is enlisted as to provide the students with an introduction to the major issues facing the Saudi economy such

as inflation, unemployment, budget deficits, and economic growth and to understand and explain the

linkage between the various sectors of the economy.


i. Outline a growth and development of economy of KSA.

ii. Recognize the forces that influence the industrial, agricultural, banking, financial and other sectors

growth and development in KSA.

iii. Identify the elements and factors of economic growth and development of any nation.

iv. Demonstrate the use of online libraries.

Course Code: ECN424 Course Name: History of Economics Thought

Credits: 3 (3+0+0) Pre-requisite: ECN 221, ECN 222

This course surveys the main schools in the history of the development of economic thought, beginning

with the classical school and the works of Smith, Ricardo, J.S. Mill, Thornton, Say, and others. It then

reviews challenges to the classical school by Marx, Marginalists, and subsequent key figures like Marshall,

Walras and the Neo-classicalists. Economic thought associated with the early 20th century transitionalists

are briefly addressed, including economists such as Wicksell, Schumpeter, Fisher, and others. Some

selective chapters and passages of Keynes' General Theory are read in depth, focusing in particular on

Keynes in areas of investment, interest rate theory and money demand. Post-1945 revisions of Keynes and

Neoclassical economics in the form of early and late .IS/LM analysis are reviewed, and its main challenges

by Friedman (Monetarism), Lucas (Rational Expectations), Real Business Cycle theorists, and Post-

Keynesian thought (UK and US). The course concludes with a consideration of efficient markets theory and

the views of its critics such as Tobin, Hyman Minsky, Shiller, and others, are reviewed. Throughout the

course, economic theories will be examined in light of the interrelationships between theory, policies and


20

conditions, including responses to the current financial and economic global crises since 2006.


i. Recognize Identification of potential strength and weakness of any discipline or field of economics

ii. Define the methods by which economic knowledge is accumulated over time.

iii. Develop logical thinking.

iv. Demonstrate the knowledge in information technology that will enable students to gather, interpret,

and communicate information and ideas.

*Elective Requirements from the Department

Course Code:ECN316 Course Name: Insurance Economics

Energy Economics Pre-Pre-requisite: ECN 222

This course is tailored for the student desiring an understanding of the relationship between the energy sector and the

wider economy. It covers additional topics in Petroleum Economics, with emphasis on tracing the macroeconomic

impact and implications of oil and gas sector decisions. Topics to be covered include oil price shocks and the global

economy, the problems associated with managing oil wealth, transparency and resource based industrialization,

depletion policy and environmental issues.


i. Describe the basic principles of energy and its economics.

ii. Tell about growth and development of energy resources, its scopes and practical applications of energy

resources

iii. Explain the basic analytical tools and concepts of energy farming as global practices.

iv. Demonstrate use of email for communicating with the students.

Course Code: ECN327 Course Name: Risk and Insurance Economics


This course describes the nature of economic risk, its effect on allocation of resources and how public

policy should be conducted in markets for risk. Preferences among risky prospects: expected utility theory

and the theory of risk aversion. Allocation of risk using markets for contingent claims vs. insurance pools in

economies with complete information. The functioning of insurance markets when information is

asymmetric, under moral hazard and adverse selection

Course Code: ECN317 Course Name: Sports Economics



21

This course is organized into three major sections: Industrial Organization, Public Finance, and Labor

Markets. We will examine the industrial structure of pro sports by briefly exploring the history of sports

leagues and analyzing the impact that the monopoly-like status has on the profitability of teams, player

salaries, fan welfare, and the size of subsidies that state and local governments are paying to sports

franchises in the form of stadium construction. We will examine the power of franchises to extract

subsidies from state and local taxpayers. We will explore the techniques that economists use in determining

the economic impact of stadium construction and franchise location on a local and state economy

Course Code:ECN403 Course Name: Engineering Economics


This course is designed to provide students with a comprehensive introduction to applications of

fundamental concepts and techniques of economic analysis to project evaluation in engineering practice.

Emphasis on interest and money relationships, methods for decision makes among alternatives,

depreciation, break-even analysis, minimum cost formula, and capital budgeting are among issues

comprehensively covered and critically analyzed.


i. Describe the economic issues faced by a society and types of resources.

ii. Tell the economic advantage of specialization, capital and investment and PPF.

iii. Explain a PPF, calculation of opportunity cost and analyzing and explaining trading behaviors of

countries.

iv. Illustrate the ability to communicate and address the problems related to project financing.

Course Code: ECN425 Course Name: Project Feasibility Studies

Credits: 3 (3+0+0) Pre-requisite : ECN102, FIN101, MKT101

The objective of the Project Feasibility Analysis Course is to provide students basic understanding of

conducting project feasibility analysis studies for business ideas proposals to check the viability of the

project. In this course the students will learn how to write a comprehensive feasibility Analysis study report

that will serve as a basis for creating a small business plan and marketing plan. To accomplish the course

objectives, lectures will emphasize and clarify important material in the text. This will be supplemented, as

opportunity permits, with extra readings and articles. This course will include a mixture of lectures,

experiential exercises, and team work. Students will be grouped into teams and assigned a project requiring

a feasibility study and business plan for a client organization. There will be interim project milestones and

deliverables during the course to ensure that each project is progressing on schedule.


i. Define project scope, assess feasibility, and establish a project schedule.

ii. Analyze the organization and its current information system

iii. Develop group and team-work.


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iv. Develop ideas simply and clearly.

v. Use of computer.

Course Code: ECN450 Course Name: Economics Co-operative Education

Credits: 3 (3+0+0) Pre-requisite : EGL110: Completition of 85 credit

hours

The mission of the Co-operative Education is to enable student to bridge their academic and workplace

knowledge; challenge them to learn, grow, and contribute wherever they go.

OR

Course Code: ECN441 Course Name: Research seminar in Economics

Credits: 3 (3+0+0) Pre-requisite : EGL110: Completition of 85 credit

hours

This course is designed to provide students with a comprehensive introduction to applications of

fundamental concepts and techniques of economic analysis to project evaluation in engineering practice.

Emphasis on interest and money relationships, methods for decision makes among alternatives,

depreciation, break-even analysis, minimum cost formula, and capital budgeting are among issues

comprehensively covered and critically analyzed.

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