ECON 11215 - Principles of Economics
Intended Learning Outcomes:
Upon successful completion of this course unit, every student should be able to do the following :
1. State key principles and explain concepts related to economic analysis
2. Understand the basic tools of economic analysis
3. Demonstrate knowledge in Economics
Course Content:
1. Scope and Methodology of Economics
2. Basic Economic Problem and alternative Economic Systems
3. Demand, Supply and Market Equilibrium
4. Elasticity
5. Theory of Production and Cost
6. Market Models
7. Distribution Theory
8. National Income and Multiplier
9. Money
10. The role of Commercial Banks and the Central Bank
Upon successful completion of this course unit, every student should be able to do the following :
1. State key principles and explain concepts related to economic analysis
2. Understand the basic tools of economic analysis
3. Demonstrate knowledge in Economics
Course Content:
1. Scope and Methodology of Economics
2. Basic Economic Problem and alternative Economic Systems
3. Demand, Supply and Market Equilibrium
4. Elasticity
5. Theory of Production and Cost
6. Market Models
7. Distribution Theory
8. National Income and Multiplier
9. Money
10. The role of Commercial Banks and the Central Bank
ECON 11223 - Economic History of the Great Britain and Sri Lanka.
Intended Learning Outcomes:
Upon successful completion of this course unit, every student should be able to do the following :
1. Understand the importance of economic history.
2. Describe historical experiences of economic development of the Great Britain and Sri Lanka.
3. Understand main features of agricultural, industrial and transport development in Great Britain.
4. Describe evolution of plantation economy in Sri Lanka
5. Recognize features of Dual Economy in Sri Lanka.
6. Understand the British influence on the Sri Lankan Economy.
Course Content:
This course unit is comprised with two parts.
Part one – Economic History of Great Britain
1. Status of Great Britain in medieval period: feudal system
2. Agriculture and Agricultural Revolution
3. Industrial Revolution and Technology development
4. Mercantilism, Laissez Faire and Free Trade
5. Commercial and Tax Policy
6. Railway and Transport Development
7. Trade Union Movement
Part Two – History of Sri Lankan Economy
8. Economic Status of Sri Lanka during the medieval period
9. Portuguese, Dutch, and British periods
10. Colebrook-Cameron reforms and Abolition of the royal duty system.
11. Land Policy and Reforms during the British Period.
12. Plantation Economy of Sri Lanka
13. Dual Economy
14. Development of Transport and Railway
15. The impact of British Rule on the Economic and Social development of Sri Lanka
Upon successful completion of this course unit, every student should be able to do the following :
1. Understand the importance of economic history.
2. Describe historical experiences of economic development of the Great Britain and Sri Lanka.
3. Understand main features of agricultural, industrial and transport development in Great Britain.
4. Describe evolution of plantation economy in Sri Lanka
5. Recognize features of Dual Economy in Sri Lanka.
6. Understand the British influence on the Sri Lankan Economy.
Course Content:
This course unit is comprised with two parts.
Part one – Economic History of Great Britain
1. Status of Great Britain in medieval period: feudal system
2. Agriculture and Agricultural Revolution
3. Industrial Revolution and Technology development
4. Mercantilism, Laissez Faire and Free Trade
5. Commercial and Tax Policy
6. Railway and Transport Development
7. Trade Union Movement
Part Two – History of Sri Lankan Economy
8. Economic Status of Sri Lanka during the medieval period
9. Portuguese, Dutch, and British periods
10. Colebrook-Cameron reforms and Abolition of the royal duty system.
11. Land Policy and Reforms during the British Period.
12. Plantation Economy of Sri Lanka
13. Dual Economy
14. Development of Transport and Railway
15. The impact of British Rule on the Economic and Social development of Sri Lanka
ECON 12232 - Contemporary trends in the world Economy including Sri Lanka
Intended Learning Outcomes:
Upon successful completion of this course unit, every student should be able to do the following :
1. Analyze global issues, systems and trends from a variety of disciplinary perspectives
2. Describe the major process in the international system including globalization, integration and the causes of conflict
3. Investigate local, national, regional and global issues and evaluate findings against criteria such as economic viability, equity, corporate and social responsibility and environmental sustainability
Course Content:
1.World economic outlook
2. Emerging market economies Elasticity
3 BRICS
3. Consumerism
4. Climate change and global warming
5. World hunger and poverty
6. New global economic order
7. Globalization and global capitalism
8. Free trade and global competition
9. International Trade Issues
10. Third world debt
11. Key environmental, political, social and cultural factors affecting global conflicts
12. Foreign Direct Investment and multinational corporation
Upon successful completion of this course unit, every student should be able to do the following :
1. Analyze global issues, systems and trends from a variety of disciplinary perspectives
2. Describe the major process in the international system including globalization, integration and the causes of conflict
3. Investigate local, national, regional and global issues and evaluate findings against criteria such as economic viability, equity, corporate and social responsibility and environmental sustainability
Course Content:
1.World economic outlook
2. Emerging market economies Elasticity
3 BRICS
3. Consumerism
4. Climate change and global warming
5. World hunger and poverty
6. New global economic order
7. Globalization and global capitalism
8. Free trade and global competition
9. International Trade Issues
10. Third world debt
11. Key environmental, political, social and cultural factors affecting global conflicts
12. Foreign Direct Investment and multinational corporation
ECON 21213 - Microeconomics
Intended Learning Outcomes:
Upon successful completion of this course unit, every student should be able to do the following :
1. Understand and explain the alternative definitions and the methodology of Economics
2. Describe how consumers make consumption decisions under the given conditions
3. Explain the behavior of rational producers and the relationship between production and cost.
4. Review how firms operate under different market models.
5. Discuss how factor markets operate.
Course Content:
Introduction
scope and methodology of Economics
Theories of consumer behavior: Marginal utility theory, Indifference curve analysis, Revealed preference theory;
Theory of production and cost: Production function and cost function, Production decisions;
Theory of firm: Perfect competition, Monopoly, Monopolistic competition and Oligopoly; Market equilibrium under dynamic conditions: Cobb-Web theorem,
Theory of distribution: Determination of Wages, Rent, Interest, and Profit.
Upon successful completion of this course unit, every student should be able to do the following :
1. Understand and explain the alternative definitions and the methodology of Economics
2. Describe how consumers make consumption decisions under the given conditions
3. Explain the behavior of rational producers and the relationship between production and cost.
4. Review how firms operate under different market models.
5. Discuss how factor markets operate.
Course Content:
Introduction
scope and methodology of Economics
Theories of consumer behavior: Marginal utility theory, Indifference curve analysis, Revealed preference theory;
Theory of production and cost: Production function and cost function, Production decisions;
Theory of firm: Perfect competition, Monopoly, Monopolistic competition and Oligopoly; Market equilibrium under dynamic conditions: Cobb-Web theorem,
Theory of distribution: Determination of Wages, Rent, Interest, and Profit.
ECON 22223 - Descriptive Statistics for Economics
Intended Learning Outcomes:
Upon successful completion of this course unit, every student should be able to do the following :
1. Understand descriptive concepts in Statistics for economic applications
2. Identify sampling techniques for economic research
3. Apply statistical techniques in economic data analyses
Course Content:
1. Introduction
2. Types of data and variables
3. Data collection methods and sampling techniques
4. Frequency distribution and graphs
5. Measures of Central Tendency
6. Measures of Dispersion
7. Lawrence and Gini Coefficient
8. Hypotheses Testing
9. Analysis of Correlation and Linear Regression models.
10. Time Series Analysis
Upon successful completion of this course unit, every student should be able to do the following :
1. Understand descriptive concepts in Statistics for economic applications
2. Identify sampling techniques for economic research
3. Apply statistical techniques in economic data analyses
Course Content:
1. Introduction
2. Types of data and variables
3. Data collection methods and sampling techniques
4. Frequency distribution and graphs
5. Measures of Central Tendency
6. Measures of Dispersion
7. Lawrence and Gini Coefficient
8. Hypotheses Testing
9. Analysis of Correlation and Linear Regression models.
10. Time Series Analysis
ECON 22232 - Development Economics
Intended Learning Outcomes:
Upon successful completion of this course unit, every student should be able to do the following :
i. Identify the key economic issues in developing countries
ii. Greater familiarity with and understanding of the use of economic analysis in addressing important issues in developing countries.
iii. Explain inequalities between rich and poor countries, how the differences have evolved over time and how other measurements of quality of life correlates with per capita income
Course Content:
1. Meaning of development
2. Classical and contemporary theories of economic development
3. Poverty, inequality and development
4. Human capital and economic development
5. Environment and development, State versus market
6. Development financing
7. Trade and development
8. Recent changes in development policy in Sri Lanka
Upon successful completion of this course unit, every student should be able to do the following :
i. Identify the key economic issues in developing countries
ii. Greater familiarity with and understanding of the use of economic analysis in addressing important issues in developing countries.
iii. Explain inequalities between rich and poor countries, how the differences have evolved over time and how other measurements of quality of life correlates with per capita income
Course Content:
1. Meaning of development
2. Classical and contemporary theories of economic development
3. Poverty, inequality and development
4. Human capital and economic development
5. Environment and development, State versus market
6. Development financing
7. Trade and development
8. Recent changes in development policy in Sri Lanka
ECON 31013 - Macroeconomics
Intended Learning Outcomes:
Upon successful completion of this course unit, every student should be able to do the following :
1. Explain the behavior of macroeconomic variables.
2. Discuss how aggregate demand and aggregate supply interact in a simple economy, a closed economy and an open economy.
3. Describe macroeconomic equilibrium through the IS-LM analysis.
4. Clarify the role of fiscal and monetary policy in combatting macroeconomic issues.
5. Understand theories of international trade.
6. Review the International trade policies.
Course Content:
1. Scope and Methodology of Macroeconomics
2. Equilibrium level of national income in a simple, a closed and an open economy.
3. The National Income Multiplier
4. Investment
5. Classical and Keynesian theories of Money, Interest, Inflation and Employment.
6. IS-LM Model
7. Business Cycles
8. Macroeconomic Policies
9. Theories of International Trade and Policies
Upon successful completion of this course unit, every student should be able to do the following :
1. Explain the behavior of macroeconomic variables.
2. Discuss how aggregate demand and aggregate supply interact in a simple economy, a closed economy and an open economy.
3. Describe macroeconomic equilibrium through the IS-LM analysis.
4. Clarify the role of fiscal and monetary policy in combatting macroeconomic issues.
5. Understand theories of international trade.
6. Review the International trade policies.
Course Content:
1. Scope and Methodology of Macroeconomics
2. Equilibrium level of national income in a simple, a closed and an open economy.
3. The National Income Multiplier
4. Investment
5. Classical and Keynesian theories of Money, Interest, Inflation and Employment.
6. IS-LM Model
7. Business Cycles
8. Macroeconomic Policies
9. Theories of International Trade and Policies
ECON 31022 - Economics of Public Sector
Intended Learning Outcomes:
Upon successful completion of this course unit, every student should be able to do the following :
1. Identify and explain the principal forms of market failure that provide a justification for government intervention
2. Explain the limitations of government intervention - for instance, illustrate how the presence of information problems both explains the forms that policy intervention take and imposes limits on what can be achieved by it
3. Analyze policy problems and assess arguments appearing in the policy debate
Course Content:
1. The economic basis for government activity
2. Efficiency, market failure, Externalities
3. public goods and public choice
4. Finance
5. public revenue structure in Sri Lanka
6. Tax theory and policy
7. Fiscal policy
8. public finance in Sri Lanka
Upon successful completion of this course unit, every student should be able to do the following :
1. Identify and explain the principal forms of market failure that provide a justification for government intervention
2. Explain the limitations of government intervention - for instance, illustrate how the presence of information problems both explains the forms that policy intervention take and imposes limits on what can be achieved by it
3. Analyze policy problems and assess arguments appearing in the policy debate
Course Content:
1. The economic basis for government activity
2. Efficiency, market failure, Externalities
3. public goods and public choice
4. Finance
5. public revenue structure in Sri Lanka
6. Tax theory and policy
7. Fiscal policy
8. public finance in Sri Lanka
ECON 32033 - International Economics
Intended Learning Outcomes:
Upon successful completion of this course unit, every student should be able to do the following :
1. Have a good conceptual understanding of the key concepts and practical applications of both international trade and international finance
2. Outline the development trade theory historically, differentiating standard classical and Orthodox trade theories.
3. Analyze the links between trade, international finance, economic growth and globalization, with a particular emphasis on the experiences of developing countries. Critically comment on and participate in current debates on international economic policy.
Course Content:
1. Classical free trade theory and its criticism
2. New international economics
3. Protectionism
4. International finance
5. Balance of payments
6. Exchange rate regimes
7. International monetary system (World Bank and International Monetary Fund)
8. The role of WTO
9. The role of multinational corporations
10. Sri Lanka in the globalization context
Upon successful completion of this course unit, every student should be able to do the following :
1. Have a good conceptual understanding of the key concepts and practical applications of both international trade and international finance
2. Outline the development trade theory historically, differentiating standard classical and Orthodox trade theories.
3. Analyze the links between trade, international finance, economic growth and globalization, with a particular emphasis on the experiences of developing countries. Critically comment on and participate in current debates on international economic policy.
Course Content:
1. Classical free trade theory and its criticism
2. New international economics
3. Protectionism
4. International finance
5. Balance of payments
6. Exchange rate regimes
7. International monetary system (World Bank and International Monetary Fund)
8. The role of WTO
9. The role of multinational corporations
10. Sri Lanka in the globalization context
