Lahore University of Management Sciences

ECON 100 – Principles of Economics

Fall 2017-18

Instructor Adeel Tariq

Room No. 148 (Economics Department)
Office Hours 1:30 – 2:30 pm (Tuesdays and Thursdays)
Email adeel.tariq@lums.edu.pk
Telephone 35608462
Secretary/TA
TA Office Hours
Course URL (if any)

Course Basics
Credit Hours 4
Lecture(s) Nbr of Lec(s) Per Week 2 Duration 110 minutes
Recitation/Lab (per week) Nbr of Lec(s) Per Week Duration
Tutorial (per week) Nbr of Lec(s) Per Week Duration

Course Distribution
Core
Elective
Open for Student Category
Close for Student Category

COURSE DESCRIPTION

This course serves as an introduction to basic economic theory. The tools of this course should provide students with a new way of thinking
that will help you make better decisions as a consumer, businessperson, voter, and/or policy maker.

The objectives of the course are to:

• Introduce the basic tools, methods and language of economics to the students
• Apply economics ideas to a wide range of real world problems
• Develop a critical understanding of economic ideas

COURSE PREREQUISITE(S)

• None

Grading Breakup and Policy

Quiz(s): 20%
Attendance: Mandatory. Any student more than 5 minutes late will be marked absent.
Midterm Examination: 40%
Final Examination: 40%

Examination Detail

Yes/No: Yes
Midterm Combine Separate: Separate
Exam Duration: 2 hours
Preferred Date: Midterm Week
Exam Specifications: Closed books and closed notes; help sheet not allowed; formula sheet not allowed; calculators allowed.
 Lahore University of Management Sciences
Yes/No: Yes
Final Exam Combine Separate: Separate
Duration: 2 hours
Exam Specifications: Closed books and closed notes; help sheet not allowed; formula sheet not allowed; calculators allowed.

COURSE OVERVIEW
Week Topics
Introduction
1, 2
How Markets Work
Markets and Welfare
3, 4
The Economics of the Public Sector
Firm Behavior and the Organization of Industry
5, 6
The Economics of the Labor Markets
Topics for Further Study
7, 8
Midterm
The Data of Macroeconomics
9, 10
The Real Economy in the Long Run
Money and Prices in the Long Run
11, 12
The Macroeconomics of Open Economies
Short Run Economic Fluctuations
13, 14 Final Thoughts
Final Exam

Textbook(s)/Supplementary Readings
Required Text
N. Gregory Mankiw (2014). Principles of Economics. Seventh Edition*. The Dryden Press.

Additional Readings
Additional readings may be assigned and will be uploaded online

*Earlier editions are also acceptable