ECON 390 - Economics of the Middle East

(3 S.H.)

The Middle East possesses two-thirds of the world’s oil reserves, which the rest of the world uses as a basic input for its economies. In this course, students study the economics of oil and other natural resources of the region, such as the rapidly growing population and its impact on the labor markets as well as the impact all these factors have on scarce basic necessities such as water and food. The course also examines a brief history of ongoing conflicts within the region and their pull on increasing military spending within the context of the current Middle East economies. Prerequisites: ECON 202 - Principles of Macroeconomics or instructor’s permission.

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