Faculty of Economics & Management

Economics program- English section

Economic program – English section

Economics Program mission

The Program Seeks to Prepare Distinguished Graduates and Provide Them with Educational, Research and Professional Services in the Fields of Economics To Prepare Competitive Competencies And to Contribute to Strengthening the Economy And Sustainable National Development in A Renewed, Inspiring Environment That Activates Research, Innovation and Partnership.

Economics Program Objectives

The first goal

 Emphasizing the quality of education in the department

The second goal

Raising the merit, competitiveness, and professionalism of students 

The third goal

 Support and encourage scientific and applied research and innovation to promote sustainable development. 

The fourth goal

 Enhancing community service and local partnership with the business sector.

General specifications for a graduate of the Economics program

The program aims for the graduate to be able to:

First: Knowledge And Understanding

❖A deep and comprehensive understanding of the specialty: The graduate understands, explains, and applies the basic principles, theories, and concepts related to the field of economics.

 Second: Skills

❖Effective personality skills: The graduate of the economics program possesses effective communication skills (verbal and written).

❖Analytical and problem-solving skills: A graduate of the economics program has the ability to analyse, evaluate, and solve problems related to economic sciences.

❖Skills in using information technology: The graduate of the economics program possesses the skills in using databases and information technology.

Third: Values, independence, and responsibility:

❖Career and leadership readiness: A graduate of the economics program has the ability to work effectively within a team and can create a positive impact in the work environment.

❖Familiarity with professional ethics: The graduate of the economics program possesses academic integrity, the ethics of the specialty, and the ethics of the profession for which he qualifies, and participates in finding constructive solutions 

First level

Microeconomic principles

Production elements-production function-Variable proportions law and diminishing returns phenomenon- specialization and work division-laws of returns to scale and lot production - market organizations – demand and supply and elasticity thereof- cost of balance in complete competition - supply and demand variables - the effect of taxation, benefits and compulsory pricing - an introduction to customer behavior and demand analysis - an introduction to a project behavior and supply analysis - production costs and project balance-an introduction to distribution.

Macroeconomic principles

Concepts of the economic theory and the economic system –Economic research-components of the Gross domestic product (GDP) and aggregate demand - income equilibrium, investment analysis and multiplier - money and monetary corporations - production growth ~ the effect of international relations on growth - the concept economic development in different countries.

The Second Level

Money & Banking

- Definition and of money – money supply and determinants - money demand – the classic system and neutrality of money – money and the Keynesian system – monetary school – inflation - monetary system in Egypt.

-  Banks: definition of financial brokers – the banking system (commercial banks – central banks – investment and business banks – other specialized banks – Islamic banks – characteristics of modern banking systems – the concept of financial deepening and indictors).

Economic resources:

- Primary economic concepts related to the nature, classification, types and characteristics of resources - surrounding environment with components thereof especially the earth- the human element with components thereof (population) and manpower — economic of some crops - economics of mining resources and energy - macro-economic problems related to usage of different kinds of resources especially environment, waste and food...etc.

Economic planning & national accounts

- Definition of planning — reasons of adopting a planning method - some concepts of planning - time dimensions of planning, style of drawing up a plan - planning on the level of the general framework - planning on the level of sectors - planning on the level of projects.

- Basic concepts and relations - the development of the national accounting framework - national accounting formula - the treatment of income distribution within the framework of national accounts – schedule of production and used - cash inflows schedule - public budget - informal sector.

Third level

International economics

-  The nature of open economy and problems thereof- the theory of international specialization (traditional and modem analysis)-the theory of international payments (stock exchange - exchange systems - balance of international payments) - international economic cooperation (cooperation.in the field of international trade - cooperation in the field of payments and investments)- regional economic merger (the theory of economic merger - some cases of economic merger).

Microeconomic theory

-  An introduction to economic analysis (the price theory and micro-economic analysis on the theoretical and practical level) - market balance in case of complete competition (balance stability - elasticity - balance in light of dynamic analysis - some applications - supply and demand analysis) - the theory of customer behavior (applications analysis - standard prices) - the theory of production, production cost and production relations- best distribution of different elements of production - rational behavior of individual product and linear programming)-prices and production in light of different types of markets and during different periods of production ( complete production - monopoly - oligopoly - complete competition in markets of goods and elements - monopoly at markets of goods - monopoly through purchase of an element) - general balance in complete competition – an introduction to welfare and economic efficiency - best cases and deviation).

Public Finance

- Definition of public finance and development thereof — efficiency of the public allocation of resources (the theory of public goods) - financial instruments and effects thereof (public funds — public revenues) — budget policy — Egyptian financial problem.

Computer applications in Economics

- This course aims at training students in some basic skills of computer that they may need at the practical exercise of economics. It focuses on the applied side of computer programming as well as making use of it to facilitate and economist job. It, also, aims at training students in the usage of a number of necessary statistical packages used in economic studies.

Readings in economics in a foreign language

- A number of economic topics are taught in the English language to train students in reading and writing comprehensive topics in the English language.

Research Methodologies in Economics

- This course aims at training students in preparing researches in the field of economic sciences through teaching them most important steps of the research process such as: the research problem, scientific hypothesis, concepts and variables, data collection methods and data analysis tools.

Macroeconomic theory

- Static analysis and comparative statics comprising: the classical theory, Keynesian theory (Keynesian criticism of the classical analysis - Keynesian model for income and operation determination)- components of funding in macro-analysis - public balance (comparison and criticism of both the classical and Keynesian models — monetary balance - in-kind balance — public balance and Hicks analysis - Hanson)

Managerial Economics

- An introduction to Managerial Economics- the nature of such subject and its relations to other sciences: maximization methods, demand and prediction, the theory of demand, demand estimation methods, economic prediction of businesses, the theory of production cost, industrial innovation, costs analysis and linear programming, market structure, oligopolies, strategic behavior and pricing practices, risks analysis and capital account- the relationship between the government and businesses.

International Economic Organizations

- This course aims at deepening students’ knowledge of international economic organizations (World Bank - International Monetary Fund - World Trade Organization). This course deals with most important objectives of international economic organizations - work style and organization method of such organizations - the effect of organization on world economy and developed and developing countries - exchange relations between different international economic organizations - assessment of role of such organizations.

Fourth level

Feasibility studies

- Basic concepts of a project life cycle and planning – market study through getting acquainted with market volume, characteristics thereof, pricing staff member, the supervisor of the project, will choose the graduation project and then he will characterize the problem of the research and treatment methods according to a schedule and methodology determined through mutual agreement with such teaching staff member supervising the project. A student’s final report is to be presented before other class mates and present teaching staff members.

Multinational corporations

- This course’s objective is to deepen students understanding of objectives of multi-national companies - operation style and organization method of such companies - the effect of such companies on the world economy and developed and developing countries - exchange relations between different international economic organizations — assessment of such companies’ role.

Mathematical Economics

- Mathematical formula of the economic theory - the theory of consumer behavior - the theory of product behavior (firm) - market balance concerning a certain commodity - input & output analysis - national income level determination - economic growth models.

Contemporary economic issues and problems:

- Topics and articles presented on an annual basis according to latest developments and existing economic circumstances

History of the economic thought:

- The economic thought in the old ages - the economic thought in the medieval ages (western Europe - the Islamic thought)- the commercial school - naturalism - the classic (Adam Smith, Malthus, Ricardo, John Stuart Mill- the historical school (German) - socialist schools - utility school — Marshall school- public balance and welfare economics (Valras, Pareto), the modern classic theory (Fishr, Marshal, Vexel)- Keynesian thought - noneconomic thought after Keynesian - the modern American school.

Project Graduation-Economics

- This curriculum aims at the practical application of the basic knowledge acquired by the student during his/her study to the different subjects in economics. Whereas the student, under the supervision of a teaching staff member, the supervisor of the project, will choose the graduation project and then he/she will characterize the problem of the research and treatment methods according to a schedule and methodology determined through mutual agreement with such teaching staff member supervising the project. A student’s final report is to be presented before other class mates and present teaching staff members.

Agricultural Economics

- Agricultural production economics - farm decision taking-pricing policy structure of agricultural products - respond to the supply - crops formula - possessory structure of arable land and organization thereof - agricultural marketing - sector interlock between agriculture and other productive sectors- the general framework of the agricultural development strategy in Egypt".

Econometrics

- Importance of studying econometrics - econometric research' method — features estimation methods concerning econometric models - linear model of multiple regression (description - estimation - tests — prediction ) - errors in variables measurement - chain correlation - Hetroscedasticity - Multi col linearity - dynamic models — distributed slowdown models- dummy variables - causality testing - Simultaneous models (distinction and estimation methods of a certain function). 

Small-Sized economies

Optional subjects:

Energy economics

- The concept of energy — the demand on energy - the energy supply — oil as energy - the development of the demand on oil as multi-usable energy - crude oil prices - oil production, transportation and marketing - coal, atom and electricity as energy - competitive abilities between oil, atom, natural gas and coal as energy - common and difference points in usage of energy sources.

Economic development

- Examining the level of thought by reviewing most theories and schools- the economic development on the level of status quo either internationally or locally.

Environmental economics

- Description of that curriculum is described by the scientific department in light of contemporary variables.

Industrial economics

- Definition of the industrial economy and methodology of researches thereof- market structure (concentration- production variety - getting into market pediments - energy availability - merger - integration - products variety)- an industrial firm behavior in light of non-complete competition models (methods of competition based on prices and otherwise- the effect of behavior on market structure and performance rates) - industrial organization and policies (policies preventing monopoly - collusion and price discrimination - governmental intervention and control forms - public institutions).

Labor Economics

- Labor market — unemployment and types and reasons thereof — labor productivity - wages and determinants - labor circumstances, syndicate blocks and industrial relations.

-                     Modern theoretical orientations about labor economics - convenience of modern theories in studying developing countries - some important phenomena at labor markets of developing countries.  

Characteristics of an Economics Graduate

 The graduate will have achieved an understanding of the fundamental knowledge provided by the program related to:

1-      The use of academic methods to assist in resolving current economic issues on the micro and macro levels.

2-      The evaluation of the behavior of individual consumers, employees, organizations, investors and government in relation to the production, consumption and trade of a service or product. This is to assist in the provision of consultation for decision making related to production, trade, consumption and pricing of the goods and services.

3-      The prediction and calculation of macro-economic variables and the preparation of national balance sheets and balance of payments account.

4-      Designing a feasibility study to assist in a project evaluation.

5-      The application of the fundamentals of economics to explain the various economic issues that impact the organization performance.

6-      The most efficient  and effective use of the scarce available resources

Academic Requirements

University Mandatory requirements (6 Credit hours)

The student studies 6 credit hours on this basis:

University Elective requirements (3 Credit hours)

The student studies 3 credit hours based on the following schedule:

Faculty Mandatory requirements (57 Credit hours)

Faculty Elective requirements (24 Credit hours)

Economics Department Mandatory Requirements (45 Credit hours)

Economics Department Elective Requirements (6 Credit hours)