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Program

Economic Issues I

  1. Microeconomics / 23 contact hrs

    Economics will be introduced as a theory of choice on the optimal allocation of limited resources: the basic concepts of trade-off and opportunity cost, rational behavior, marginal thinking, incentives, efficiency and comparative advantages are some of the key concepts that will be clarified. After introducing the circular-flow diagram and the production possibility frontier, the lectures will analyze the market demand and supply curves, the natural equilibrium set by the
    “invisible hand” and the determinants which make the curves shift and the equilibrium change. The analysis of competitive markets will represent the focal point, but the features of non-competitive markets will be highlighted as well, with peculiar attention to the assumptions upon which models are built. Also, the trade-off between efficiency and equity will be discussed in order to point out its complex significance in the development perspective. To this regard, references will be made to welfare economics and the measurement of social surplus.



  2. Macroeconomics / 23 contact hrs

    This module will cover the main concepts of macroeconomic theory, with a particular focus on open economies. First, the meaning of the principal macroeconomic indicators will be discussed, starting from the components of GDP. Then, the Aggregate Demand - Aggregate Supply model will be introduced in detail, providing a key to understanding the fundamental dynamics which regulate the equilibrium of whole economic systems. The effects produced by fiscal and monetary policies will be
    analyzed. Moreover, the trade-off between unemployment and inflation – the so-called “twin evils” of macroeconomics - will be analyzed. Several references to the Palestinian context will be made throughout the lectures.

     

  3. International Monetary Economics / 15 contact hrs

    In recent years international monetary topics such as exchange rate adjustments, balance of payments crises, the international financial architecture or the functioning of Monetary Unions, have strongly moved into the forefront of analysts, practitioners, policy makers and students alike. Financial crises have dominated the 90’s and international economic policymakers are currently confronted with the urgent problem to reform the international financial architecture through which crises can be predicted, prevented and dispatched. The end of the millennium, moreover, witnessed the birth of the European Monetary Union and the emergence of the nations of Eastern Europe has given rise to a host of new issues pertaining to their future monetary relationship with current EMU member countries. The object of this module is to provide with an introduction
    to the above major topics, together with an analytical framework designed to facilitate their understanding. In particular, the module will concentrate on the following core issues: concepts and relationships involving exchange rates and balance of payments magnitudes; the construction of a simple open economy model to analyse the exchange rate, interest rate and output effects of major changes in monetary policy and to investigate the choice of the exchange-rate regime; optimum currency area theories; models of speculative attacks on fixed–exchange rate regime; the role of international financial institution and IMF reform proposals.


Shucri Ibrahim Dabdoub Faculty of Business Administration

MICAD

Phone: +972-2-2741241
Fax: +972-2-2744440

Dr. Fadi Kattan
Dean of the Shucri Ibrahim Dabdoub Faculty of Business Administration
MICAD Director 
fkattan@bethlehem.edu / ext. 2445

Victoria Abu Al-Zelof
Program Assistant
vzelof@bethlehem.edu  / ext. 2427 

Bethlehem University Foundation
Email: brds@bufusa.org
Phone: +1-240-241-4381
Fax: +1-240-553-7691
Beltsville, MD USA
Bethlehem University in the Holy Land
E-mail: info@bethlehem.edu
Phone: +972-2-274-1241
Fax: +972-2-274-4440
Bethlehem, Palestine