AB0901 Course Outline 1

AB0901
PRINCIPLES OF ECONOMICS: A SINGAPORE PERSPECTIVE
_________________________________________________________________________

Academic Year
:
2013 - 2014
Semester
:
July
Course Coordinator
:
Tan Khay Boon
Other Instructor(s)
:
Siang Ng
Ong Qiyan
Lu Jia
Suman Kumari Sharma
Pre-requisites
:
Nil
No. of AUs
:
3

Course Description and Scope

This course aims to provide a basic understanding of Economics. The first portion of the course will cover topics in Macroeconomics such as Gross Domestic Product, inflation, Unemployment, Fiscal Policy, Monetary Policy, Balance of Payments and Exchange Rate. The second portion of the course will cover topics in Microeconomics such as the theory of consumption, the theory of production and market structures

Course Learning Objectives

After the course, students should be able to:

Explain the concepts of demand, supply, elasticity, efficiency, GDP, inflation and unemployment

Apply economic models to analyze impact on market and economy when shock occurs

Calculate revenue, cost and output for firms

Compare and contrast different market structures

Analyze the effect of government policies on market and economy

Discuss exchange rate determination and balance of payments

Learning & Teaching Methods

Lectures : 2 hours per week
Tutorials : 1 hour per week

Course Assessments

Components
Marks
Individual/Group
Quizzes
20%
Individual
Class Participation
10%
Individual
Final Examination
70%
Individual
Total
100

Readings and References

Basic Texts: Economics, 10th Edition, Michael Parkin, Addison-Wesley, 2008.
NTU Library Call Number: HB171.5.P247 2012

Other Resources
MyEconLab - Bundle with the Recommended Text

Course Instructors

Instructor
Office Location
Phone
Email
Tan Khay Boon

[e-mail]
Siang Ng

[e-mail]
Ong Qiyan

[e-mail]
Suman Kamari Sharma

[e-mail]
Liu Jia

[e-mail]

Proposed Weekly Schedule

Week
Topic
Learning Objectives

References: Basic Texts: Economics, 10th Edition, Michael Parkin, Addison-Wesley, 2008.