COURSE NAME
:
PRINCIPLES OF ECONOMICS
(Prinsip Ekonomi)
COURSE CODE
:
ECN3100
CREDIT
:
3(3+0)
TOTAL STUDENT
LEARNING HOURS
:
120 hours per semester
PREREQUISITE
:
None
LECTURER :
LEARNING
OUTCOME
SYNOPSIS
SURYATI ISHAK
A328
suryati@econ.upm.edu.my
:
Students are able:
1.
to discuss basic economic consepts. (C2, P2, A1,
CS)
2.
to apply suitable economic methods in solving
economic problems. (A2, C3, P3, CT)
3.
to present reports regarding economic issues in a
team. (C3, CS, TS)
:This course covers the basic economic concepts, role of
government in national economies, national income, and the
concepts of factors of production as well as international trade
and finance
(Kursus ini meliputi pengenalan kepada konsep asas ekonomi,
peranan kerajaan dalam ekonomi, pendapatan negara, konsepkonsep mengenai faktor-faktor pengeluaran serta perdagangan
dan kewangan antarabangsa.)
LECTURE
CONTENT
TOPIC
1.
2.
3.
4.
5.
Chapter
Introduction
 Definition of Economy
 Basic Economic concepts
 Economic Model
 Positive and Normative Analysis
1&2
Elasticity and the Theory of Demand and
Supply
 The theory of Demand
 The theory of Supply
 Market Equilibrium
 Elasticity of Demand
 Elasticity of Supply
4&5
The Theory of Consumer Choice
 Utility and Dimishing Marginal Uitility
 Budget Line
 Indifference Curve
 Optimal Choice-Consumers
Equilibrium
The Theory of Cost and Production
 Cost and Production function
 Cost and Production in the short run
 Cost and Production in the long run
 Cost and Production curves
 Economies and diseconomies of scale
Market Structure
 Perfect Competetion
 Monopoly
 Monopolistic
 Oligopoly
21
13
14 & 15
MID TERM: TOPIC 1,2,3,4 AND 5
TOTAL :30%
6.
National Income
 National Income measurement
 National Income determinant
23
7.
Inflation and Unemployment
 Cost of Living measurement
 Consumer Price Index (CPI)
 Inflation
Unemployment
Frictional Unemployment
Structural unemployment
24 & 28
8.
Money and banking Systems
 The role of Central Bank
 Function of Money
 Money demand and credit creation
 Money multiplier
Monetary Policy
9. Trade and Open Economy
 Trade and Specialization
 Absolute Advantage and Comparative
Advantage
FINAL EXAM: TOPIC 6,7,8, AND 9
Total: 40%
ASSESMENT
TEXT:
:
Coursework:
60%
MID TERM:
ASSIGNMENT:
FINAL EXAMINATION
30%
30%
40%
29
3
Mankiw, G.N. (2009) Principle of Economics. Sixth
Edition. Orlando: Thomson South-Western.
REFERENCES :
1. McEachern, W.A. (2009) Economics A Contemporary
Eighth Edition. New York: South-Western
Introduction.
2. Parkin, M. (2008) Economics. Eighth Edition. New York: Upper Saddle
River: Addison Wesley Longman.
3. Case, Karl E.and Fair, Ray C. (2004) Principles of
Economics. Seventh Edition. London: Pearson Prentice
Hall.
4. O’Sullivan, A and S.M. Sheffrin. (2008) Survey of Economics: Principles
and Tools. (Third Edition) New Jersey: Prentice-Hall.