COURSE CODE:BEEB 1013
COURSE NAME:PRINCIPLES OF ECONOMICS
CREDIT HOURS :THREE HOURS
This course offers introductory understanding to the basic concepts of economics. It is divided into two parts: Microeconomics and Macroeconomics. Topics that will be covered includes demand and supply theory, price and market equilibrium, consumer choice, production and costs, national income accounting, aggregate demand and aggregate supply, money, and money market.
Upon completion of the course, students are expected to:
2.1 Understand the basic concepts of economies.
2.2 To relate the basic concepts of economics to the real world events.
3.0 LEARNING OUTCOMES
Upon completion of the course, students will be able to:
3.1 Explain the basic concepts of economics.
3.2 Discuss the differences between microeconomics and macroeconomics.
3.3 Relate the basic concepts of economics to current economy events.
3.4 Discuss the practices of the current economy policies.
Arnold, Roger A. (2011), Principles of Economics, 10 th ed. Cincinnati, Ohio: South-Western
M. Nasser Katib et. al (2012), Ekonomi, Edisi Ketiga, Malaysia: Cengage Learning.
Jamal Ali et. al (2000), Prinsip Ekonomi, Sintok: Penerbit UUM.
Mankiw, N. Gregory. (2009), Principles of Economics, 5th ed., South-Western, Cengage Learning.
5.0 COURSE CONTENTS
1.1 Definitions of Economics
1.2 Economic Categories
1.3 Opportunity Cost, Scarcity, and Choices
Basic Concepts and Problems of Economics
2.1 The Production Possibilities Frontier
2.2 Basic Questions of Economics
2.2.1 What goods will be produced?
2.2.2 How will the goods be produced?
2.2.3 For whom will the goods be produced?
2.3 Economic Systems
2.3.1 Mix Economic Systems