The course is designed for the beginners with either no formal background or very little acquaintance with economics. The objective is to give students a clear understanding of the basic concepts, tools of analysis and terminologies used both in micro and macro-economics. The course will cover the scope and importance of micro and macro-economics, overview of the social system and economy as integral part of the social system. The course will also deal with the major issues in Pakistan economy.

Recommended Reading:

1. Bade, Robin and Parkin, Michael. Foundations of Economics, 5th edn. Boston: Pearson, 2010.
2. McConnel and Brue. Microeconomics, 18th edn. New York: McGraw-Hill, 2009.
3. Parkin, Michael. Macroeconomics, 7th edn. Boston: Pearson, 2005.
4. Varian Hall R. Intermediate Microeconomics: Modern Approach, 6th edn. New York: Norton, 2002.
5. Zaidi, Akbar. Issues in Pakistan Economy. Karachi: OUP, 1999.