Hemant

In: Business and Management

Submitted By hj367
Words 1105
Pages 5
1. Title of subject

Principles of Economics

2. Subject code

FSBN 102

3. Status of subject

Core

4. Stage

Foundation

5. Credit Hour

3 (3 hours per week x 14 weeks)

6. Pre-Requisite

None

7. Assessment

Coursework Examination Total Semester 1

: 60% : 40% : 100%

8. Semester

9. Objective of subject

Economics subject aims to provide students with a basic introduction to the essential principles of Economics. In addition, it also provides students with the analytical tools necessary to understand both the domestic and international economic environment within which business organisations (public and private) operate.

10. Synopsis of subject

The important reasons to study economics are to learn a way of thinking, to understand society, and to understand the global affairs.

11. Details of subject Week 1

Contents TOPIC: INTRODUCTION TO ECONOMICS Learning Outcomes: After attending the lesson, the students should be able to: • • • • • outline the reasons to study economics identify the scope and diverse fields of economics explain scarcity, choice and opportunity cost illustrate production possibility frontier compare and contrast types of economic systems

Hours 3

Foundation Studies in Business, Stamford College Petaling Jaya

1

Activity: Tutorial questions Further reading for this lesson: Chapters 1 and 2 th Case, K. E., & Fair, R. C. (2005). Principles of Economics (7 ed.). Prentice-Hall. Chapter 1 th Sloman, J. (2003). Economics (5 ed.). Prentice-Hall.

Week 2

TOPIC: THEORY OF DEMAND AND SUPPLY Learning Outcomes: After attending the lesson, the students should be able to: • • • • • define and explain the concepts of demand and supply identify the determinants of demand and supply distinguish between shifts of versus movement along the curves demostrate market equilibrium and adjustment of…...

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