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The School conducts research and offers education within the disciplines of Economics. In the study of economics, students learn to build, test, and revise models of behavior - of consumers, firms, workers and the government - and examine how these economic agents interact in markets, both at the individual level in microeconomic analysis and at the economy-wide level in macroeconomic analysis.

By integrating theory, analytical models, data, quantitative research methods and public policy issues, the economics professors at Fanoos help students understand and predict social behavior in the world around them. Students then are able to analyze important social problems like unemployment, pollution, race and gender discrimination, and inflation. This analysis allows them to intelligently evaluate public-policy proposals that are offered as solutions to these problems. The college of Economics incorporates all disciplines of economic programs into 4 departments.

Department of National Economy: The department offers course on microeconomics and macroeconomics, growth, development and sustainable development, factors of production, payment to factors of production, positive and normative concepts, goods, utility, rational system and so on.

Department of Financial Accounting: The department offers courses on examining accounting concepts, the accounting model, measurement processes, financial statements, financial analysis, the accounting cycle, monetary and fixed assets, inventory, current and long-term liabilities and equity structures of partnerships, proprietorships and corporations.

Department of Business Administration: The department offer courses through the inception, setup and growth of a typical business. It is separated into three sections: Getting Started, Setup or Administrative and Growing Your Business.

Department of Statistics and Econometrics: The department offer courses that include Introduction to Statistical Methods in Economics or equivalent. This course covers the statistical tools needed to understand empirical economic research and to plan and execute independent research projects. Topics include statistical inference, regression, generalized least squares, instrumental variables, simultaneous equations models, and evaluation of government policies and programs