Economics
Economics

Bachelor of Science in Economics

Degree Structure

College

Business Administration

Department

Finance and Economics

Level

Undergraduate

Study System

Courses

Total Credit Hours

123 Cr. Hrs.

Duration

4 Years

Intake

Fall and Spring

Language

English

Study Mode

Full Time

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Important Dates

Undergraduate Admission Deadline

Undergraduate Admission Deadline

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Degree Overview

The Bachelor of Science in Economics (BSc Economics) program is a four-year undergraduate program that provides students with a solid foundation in the economic theory and its applications to the real world. The program covers a wide range of topics, including microeconomics, macroeconomics, international economics, and public economics. Students also gain the quantitative and analytical skills necessary to conduct economic research and analyze economic data. The BSc in Economics program is designed to prepare students for a variety of careers in the public and private sectors. Graduates of the program can work as economists, financial analysts, business analysts, policy analysts, and consultants. They may also pursue careers in academia, government, or international organizations. The BSc in Economics requires that a student complete 123 credits of courses and attain a minimum Cumulative GPA of 2.00. The program consists of the categories summarized in the Degree Requirements.

Study Plan

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Study Plan for Economics

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What You Will Learn

Upon the successful completion of the program, students should be able to:

1. Describe the concepts of sustainability in economics and its multiple dimensions.
2. Integrate assumptions in economic models, including the use of technological and other appropriate tools
3. Apply economic concepts and quantitative methodologies to evaluate personal decisions, business environment, and policy issues
4. Analyze problems, formulate solutions, and assess risks associated with the solutions to develop an effective strategy for sustainable development
5. Evaluate theory and critique research within the economics discipline
6. Assess deliberate ethical issues related to contemporary local and global economic and sustainable development challenges
7. Communicate effectively in written, spoken, and graphical form on specific economic issues
8. Work independently as well as part of a team to analyze and produce viable solutions to economic problems

 

University Requirements

The Bachelor of Science program in Finance or Economics requires that a student completes 123 credits of courses and attain a minimum cumulative GPA of 2.00. The program consists of the categories summarized below.

B.Sc. in Finance - Finance or Economics (123 Credits)

UR

CR

PR

Total

Mandatory Courses

18

48

24

87

Electives Courses

6

6

6

21

Minor Courses

-

-

15

15

Total

24

54

45

123

  • University Requirements

Every student is required to take 24 credit hours of general education courses. Eighteen (18) mandatory credit hours and (6) elective credit hours as indicated in the University section (General Education).

College Requirements

The College requirements (54 credit hours) are common courses taken by several undergraduate programs offered in the college programs. The courses are listed below.

Course#

Course Title

Credits

Prerequisite

College Compulsory Courses (48 credit hours)

1440100

Mathematics for Business

3

None

1440264

Business Statistics

3

1440100

0308151

Principles of Microeconomics

3

None

0308252

Principles of Macroeconomics

3

0308151

0301120

Financial Accounting

3

None

0301211

Managerial Accounting

3

None

0308230

Financial Management

3

None

0302160

Principles of Management

3

None

0302170

Principles of Marketing

3

None

0302250

Legal Environment of Business

3

0302160

0302262

Organizational Behavior

3

0302160

0302350

Ethics and Islamic Values in Business

3

0302250

0302361

Operations and Supply Chain Management (Note 1)

3

1440264

0302461

Research Methods (Note 2)

3

1440264

0302467

Strategic Management

3

Senior Standing

1503130

Introduction to BIS (Note 3)

3

None

College Elective Courses (6 credit hours)

0301327

Taxation and Zakat

3

0301120

0301425

Financial Statement Analysis

3

0301120

0308450

Money and Banking

3

0308252

0308334

Real Estate Finance

3

0308230

0302383

Business and Government

3

0302160

0303228

E-Business

3

0303130

0302254

Business Communication

3

0202112

1503211

Business Analytics

3

1503130

Note 1: Equivalent to 0302311 Operations Management

Note 2: Equivalent to 0302461 Business Research Methods and 0302473 Marketing Research Methods

Note 3: Equivalent to 0303130 Introduction to MIS

 

Degree Requirements

Major in Economics Courses

The list of the mandatory core courses of the Economics program encompasses the 24 credit hours summarized in the table below.

Mandatory Courses

Course Code

Course Title

Credit Hrs.

Prerequisites

308232

Sustainability and Global Challenges

3

308151

308254

Environmental Economics

3

308252

308456

Energy Economics

3

308252

308457

Welfare Economics

3

308251

308351

Intermediate Microeconomics

3

308151

308352

Intermediate Macroeconomics

3

308252

308355

Introduction to Econometrics

3

1440264 & 0308252

308469

Internship 1

1

Minimum 75 Credit Hours

308470

Internship 2

2

308458

Elective Core Courses:
The Economics program requires 6 credit hours of core elective courses chosen from the following list:

Course Code

Course Title

Credit Hours

Prerequisites

308459

Cost benefit analysis

3

308230

308253

Managerial Economics

3

308151

308454

International Monetary Economics

3

308252

308336

Economics of Health Care

3

308351

308255

Principles of Islamic Economics

3

308151

308453

International Economics

3

308252

308452

Public Economics

3

308252

308450

Money and Banking

3

308252

Minor Offered

Each student in the B.Sc. in Economics program should take any minor program (15 credit Hours) offered by the department or the college. Students can choose from the following minors:

  1. Management

  2. Human Resource Management

  3. Supply Chain Management

  4. Marketing

  5. Accounting

  6. Finance

  7. Business Information Technology

 

Minor in Management

The Department of Management offers a minor in Management to students studying a major other than Management. To satisfy the minor requirements, students must complete five courses (15 credit hours) from the following list:

Course Number

CourseTitle

Credit Hours

Prerequisites

0302360

Human Resource Management*

3

0302160

0302362

International Business

3

0302262

0302363

Creative Thinking and Problem Solving

3

0302160

0302366

Organizational Analysis and Design

3

0302262

0302367

Entrepreneurship*

3

0302160

0302369

Total Quality Management

3

1440264, 0302160

0302462

Managing Change and Innovation

3

0302262

0302463

Family and Small Business Management

3

0302160

0302464

Leadership and Management

3

0302160

0302465

Special Topics in Management

3

0302160

0302465

Sustainability, Business and Responsibility

3

0302160

0302382

Electronic Government

3

0303130

0302485

Innovations in Public Sector Management

3

0302280

0302377

Digital Innovation Management2

3

0302160

0302381

Social Entrepreneurship2

3

0302160

* Human Resource Management and Entrepreneurship are only available to students who are not taking any

concentration in the Department (Management, Marketing, Human Resource Management, and Supply Chain Management)

 

Minor in Human Resource Management

The Department of Management offers a minor in Human Resource Management to students studying a major other than Human Resource Management. To satisfy the minor requirements, students must complete five courses (15 credit hours) from the following list:

Course Number

Course Title

Credit Hours

Prerequisites

0302460

International Human Resource Management

3

0302360

0302365

Recruitment and Selection

3

0302360

0302391

Current Topics in HRM

3

0302360

0302392

Employment Law in the UAE

3

0302250

0302493

Pay and Salary Administration

3

0302360

0302468

Major Project

3

0302461

0302488

HR Analytics

3

Note

Note: Complete 75 credit hours, including Human Resource Management (0302360)

 

Minor in Supply Chain Management

The Department of Management offers a minor in Supply Chain Management to students studying a major other than Supply Chain Management. To satisfy the minor requirements, students must complete five courses (15 credit hours) from the following list:

Course Number

CourseTitle

Credit Hours

Prerequisites

0302340

Supply Chain Planning and Operation

3

0302361

0302341

Quality and Process Management

3

1440264 and 0302160

0302443

Supply Chain Analytics

3

1440264

0302344

Logistics and Supply Chain Modeling

3

0302340

0302345

Distribution and Warehouse Management

3

0302340

0302346

Procurement and Supply Management

3

0302340

1503441

EnterpriseSystems

3

0303130 or 1503130

0302441

Transportation Planning and Management

3

0302340

1503347

CustomerRelationshipManagementSystems

3

0302170 or 1503240

 

Minor in Marketing

The Department of Management offers a minor in Marketing to students studying a major other than Marketing. To satisfy the minor requirements, students must complete five courses (15 credit hours) from the following list:

Course Number

CourseTitle

Credit Hours

Prerequisites

0302370

Consumer Behavior*

3

0302170

0302371

Strategic Marketing

3

Note

0302372

Services Marketing

3

0302170

0302374

Management of Marketing Channels

3

0302170

0302470

Global Marketing

3

0302170

0302471

Event Marketing and Management

3

0302170

0302472

Customer Relationship Management

3

0302170

0302474

Special Topics in Marketing

3

0302170

0302373

Sales Management

3

0302170

0302376

Social Media and Digital Marketing

3

0302170

0302476

Green Marketing**

3

0302170

0302385

Marketing Analytics

3

Complete 75 credit hours

0302386

Product and Brand Management

3

0302170

0302387

Retail Management

3

0302170

*Consumer Behavior is only available to students who are not taking any concentration in the Department (Management, Marketing, Human Resource Management, and Supply Chain Management)

Note: Minimum of 99 credit hours should be earned to enroll in the Strategic Marketing' course.

** Equivalent to Sustainable Marketing (0302476)

 

Minor in Accounting

The Department of Accounting offers a minor in Accounting to all Business Administration students. To satisfy the minor requirement, students must successfully complete five courses (15 credit hours) from the following list:

Course Number

CourseTitle

Credit Hours

Prerequisites

0301310

Cost and Management Accounting

3

0301211

0301321

Intermediate Accounting I

3

0301120

0301322

Intermediate Accounting II

3

0301321

0301324

Government and Non-Profit Accounting (Arabic)

3

0301120

0301325

International Accounting

3

0301321

0301327

Taxation and Zakat

3

0301120

0301329

Accounting Internship

3

Note

0301343

Accounting Information Systems

3

0301120

0301414

Advanced Management Accounting

3

0301211

0301420

Advanced Financial Accounting

3

0301321

0301421

Auditing Principles

3

0301321

0301425

Financial Statement Analysis

3

0301120

0301426

Special Topics in Accounting

3

0301321

0301428

Internal Audit

3

0301321

0301429

Accounting Seminar

3

0301321

Note: Note 1: Minimum 75 Credit Hours/ Department Approval

 

Minor in Finance

The Department of Finance and Economics offers a minor in Finance to all Business Administration students. To satisfy the minor requirement, students must successfully complete five courses (15 credit hours) from the following list:

Course Number

CourseTitle

Credit Hours

Prerequisites

0308230

Financial Management*

3

None

0308331

Corporate Finance

3

0308230

0308332

Investment Analysis

3

0308230

0308334

Real Estate Finance

3

0308230

0308361

Banking Operations Management

3

0308230

0308362

Introduction to Islamic Banking and Finance

3

0308230

0308365

Risk Management

3

0308230

0308430

International Financial Management

3

0308230

0308431

Financial Markets and Institutions

3

0308230

0308461

Credit Analysis and Lending Management

3

0308230

*Pre-requisite for all Finance courses.

 

Minor in BIT

The Department of Information Systems at the College of Computing and Informatics offers a minor in Business Information Technology to all College of Business Administration students. To satisfy the minor requirement, students must successfully complete five courses (15 credit hours) from the following list:

Course #

Course Title

CH

Prerequisite

1503230

Database Management

3

1503130

1503231

Business Programming

3

1503130

1503330

Systems Analysis and Design

3

1503230

1503332

Business Data Telecom Networks

3

1503230

1503333

Information Security

3

1503332

1503431

Project Management

3

1503230

1503310

Advanced Business Programming

3

1503231

1503347

Customer Relationship Management Systems

3

1503230

1503430

Big Data and Business Intelligence

3

1503230 1503231

1503441

Enterprise Systems

3

1503330

1503446

Decision Support Systems

3

1503230

Course Description

The courses described below constitute all courses, mandatory and electives, that are offered by the Economics program to various tracks.



0308151 Principles of Microeconomics

Prerequisite: None

This course introduces economic analysis of individual, business, and industry choices in the market economy. Starting from defining economies and its principles, we will study how the market forces of supply and demand is key determinates for prices. We will see the sense in which market economies are efficient, and the way governments can make our economy less or more efficient. We will delve behind the supply curve to see how firms choose their production levels to maximize profits, culminating in the model of perfect competition. Time permitting; we will look at market failures such as monopoly, externalities, the markets for the factors of production and the theory of consumer choice.



0308252 Principles of Macroeconomics

Prerequisite: Principles of Microeconomics (0308151)

Principles of Macroeconomics introduce the basic concepts of macroeconomics for students. The topics covered include the measurement of aggregate output, unemployment and inflation, determinants of economic growth in the long-run, year-to-year fluctuations in economic activity, the role of monetary and fiscal policy in the economy, comparative advantage in international transactions, and exchange rates.



0308450 Money and Banking

Prerequisite: Principles of Macroeconomics (0308252)

This course studies the role of financial markets & institutions and money in the economy. It examines how interest rates are determined, why fluctuated over time, how money is created by the banking system, and the role of the Central Bank in the whole process. Issues like the banking crisis and the proper role of monetary policy will be examined in detail. The interaction between the goods sector and the financial sector, as well as the interrelationships between the domestic and the international financial sectors will be analysed.



0308253 Managerial Economics

Prerequisite: Principles of Microeconomics (0308151)

This course is designed to provide students with a basic understanding of microeconomic concepts and applications relevant to managerial decision-making. The course topics include demand and supply analysis, consumer theory, forecasting, production and cost analysis, market structure, risk analysis, linear programming, decision making under uncertainty, regulatory theory, and the role of government in the market.



0308351 Intermediate Microeconomics

Prerequisite: Principles of Microeconomics (0308151)

This course provides students with an advanced knowledge of the functioning of the economy at the micro level. The focus is on the theories of consumer and firm decision making, how prices and quantities are determined in equilibrium, how resources are allocated, different market structures, input demand, welfare economics, market failure, and public goods.



0308352 Intermediate Macroeconomics

Prerequisite: Principles of Macroeconomics (0308252)

The primary goal of this course is to enable students to develop a consistent way of thinking about key macroeconomic phenomena and to analyze complex issues and current events. This should give students the ability to understand how economic policy and shocks affect the economy as reflected in aggregate macro variables such as output, interest rates, prices, and employment, and also have insights about the different schools of economic thought (Keynesianism, Monetarism, Classical Economics).



0308355 Introduction to Econometrics

Prerequisite: Business Statistics (1440264) & 0308252

This course is developed to equip students with a basic understanding of analysis of economic data. The course covers descriptive statistics, hypothesis testing, analysis of variance, regression analysis, heteroskedasticity, multicollinearity, serial correlation, and simultaneous equations.



0308452 Public Economics

Prerequisite: Principles of Macroeconomics (0308252)

This course provides students with an understanding of market failure and government intervention requirement. The course deals with the imperfect nature of government intervention, how the intervention affects the economy, particularly in the areas of resource allocation, income distribution, and the incidence of taxation.



0308453 International Economics

Prerequisite: Principles of Macroeconomics (0308252)

This course concentrates on two parts international trade and international finance. From the first part the course covers the following topics: comparative and absolute advantage in production, trade policies, trade barriers, and terms of trade, multinational corporations and international trade agreements, the nature of the gains from trade, winners and losers. From the second part the course focuses on the following topics: fundamentals of international monetary economics, determination of exchange rate, exchange rate arrangements and balance of payments.



0308458 Internship 1

Prerequisite: Minimum 75 Credit Hours and Department Approval

This is the first of two required internship courses. The course consists of seminars and workshops, some of which conducted by speakers from the industry, and field trips that cover major Economics topics.



0308458 Internship 2

Prerequisite: Internship 1 (0308458)

During the period of internship, the students are employed and supervised by firms and participate in various types of work in areas related to Economics decision making in accordance with a plan approved by the department and the college. A student must complete 120 hours intensive training at the assigned organizations.



0308232 Sustainability and Global Challenges

Prerequisite: Principles of Microeconomics (0308151)

Sustainability stays at the center of economics, society and the environment. This course aims to introduce students to the essential concepts of sustainability including climate change, global warming, water pollution, tragedy of commons, sustainable energy, transportation and buildings. Case studies and problem-solving exercises will be employed to strengthen the understanding of content and present practical implications on sustainable development concerns.



0308254 Environmental Economics

Prerequisite: Principles of Macroeconomics (0308252)

This course will introduce the students to the field of environmental economics, and is intended to serve as an introduction to the concepts, theories, and methods used in the economic analysis of environmental and natural resource issues. The course will cover methods of valuing non-market environmental resources; assessment of environmental benefits and damages; analytical tools such as cost-benefit analysis needed for project evaluation and environment impact assessments; the concept of optimal pollution and its control; regulation and market solutions. Selected topics on international environmental issues and aspects of sustainable development will also be discussed.



0308255 Principles of Islamic Economics

Prerequisite: Principles of Microeconomics (0308151)

The course starts by looking into the current assumptions of the conventional economic system based on the foundation of the classical school of thought. It discusses the types of markets and the problems the current system is facing. The course then explains the philosophical foundation of Islamic economics taking into account the conflicting views of the scholars. It elaborates further the concept of rule of behavior and how and why it is important in the free market and how it might improve efficiency further. In addition, the course explains the acceptable ethics and behaviors in the market and how the government is supposed to enforce them. The concept of prohibited elements is discussed and the rationale behind the prohibition. Concepts such as: private and state property, money, ways of property transfer and its exceptional restrictions, the role of the state in developing the economy, taxes and their rules and controls, work and its importance, conditions and controls, the rights of workers and owners, unemployment, its causes and the ways of dealing with it, capital and its effects on stimulating the economy and development, productivity, consumption, and income distribution are discussed.



0308336 Economics of Health Care

Prerequisite: Intermediate Microeconomics (0308351)

Health economics introduce the basic concepts within health-related economic issues incl. health care economics, government policy/regulations, uncertainty, and measures of efficiency/equality/fairness. The covered topics include government intervention in factors affecting people's health, the financial structure of the healthcare sector, payment of healthcare providers, and the evaluation of healthcare programs.



0308454 International Monetary Economics

Prerequisite: Principles of Macroeconomics (0308252)

The course introduces financial aspects of growth and income determination, and macroeconomic policy in open economies. Applications to exchange rate determination, capital markets, interest parity conditions, fluctuations in the balance of payment, trade balance and current account, monetary and fiscal policies in open economies, currency crises, and monetary reform. This course provides students with an understanding of the principles of open economy macroeconomics. Students will gain insight into the concept of external equilibrium and exchange rate determination. This material is then applied to practical problems including macroeconomic management in an open economy and the choice of exchange rate regime. The insights provided by the theoretical frameworks covered in this course enable valuation of current policy issues and the critical assessment of role of macroeconomic openness on a country's level of employment and income.



0308455 Welfare Economics

Prerequisite: Principles of Macroeconomics (0308251)

Welfare Economics introduce concepts within welfare related economic issues, including rationales about distribution, fairness, societal utility, inequality, poverty, polarization, deprivation, multi-dimensional welfare, developing nations, advanced economies, consequences of inequality, social and tax policy, structural policies, the inequality-growth trade off, and empirical evidence. The covered topics include economic and moral reasons behind distributional goals, how analyses of distributions are conducted in practice, government intervention to reach desired distributional outcomes, the actual structure of distribution, and evaluation of different state approaches to welfare.



0308456 Energy Economics

Prerequisite: Principles of Macroeconomics (0308252)

This course examines energy issues from an economics perspective and introduces concepts in energy economics including energy demand analysis, economic analysis of energy projects, investment decisions, energy supply analysis, energy pricing and taxation, energy & sustainable development, and the structures of oil, natural gas and electricity markets. A variety of energy types is examined including fossil fuels, nuclear power, and a range of renewable energy technologies including biomass, hydro, solar, and wind power. The effects of import dependence and development of indigenous renewable energy resources on energy security and regional economic growth and development are assessed.



0308459 Cost Benefit Analysis

Prerequisite: Financial Management (0308230)

Assuring that public policies are efficient is an imperative objective of public policy analysis. In this course, students will learn how to assess the relative effectiveness of public policies in an accessible, comprehensive, and authoritative manner. It provides a thorough review of microeconomic fundamentals and treats critical topics in a sophisticated manner using minimal mathematical language, allowing students to build solid conceptual foundations. Discounting is addressed in detail. Concurrent uncertainty is addressed with expected surpluses and option prices. Parameter uncertainty is handled with Monte Carlo simulations and various types of sensitivity analyses. Revealed preferences are discussed, stated preferences are considered, contingent valuation is considered, and other techniques are discussed. By the end of this course, students will be able to construct their own cost-benefit analysis for any topic of interest, as well as evaluate another's analysis. In addition, this course helps students develop a comprehensive business plan that will serve as the basis for developing a small business.

Career Path

Where do our Economics graduates find employment?

​​The BSc in Economics program equips students with the necessary skills for diverse career paths in both governmental and business realms. Graduates of this program are well-suited for roles such as economic strategists, fiscal analysts, corporate analysts, legislative advisors, and advisory professionals. Additionally, they have the opportunity to advance in the academic field, serve in public office, or contribute to global entities.

How will you make an impact?

Every student’s journey at UoS and beyond is different, which is why our Career & Professional Development team provides personalized career resources to help students make an impact for years to come.

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