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Principles of Economics

BANKING UNIVERSITY OF HO CHI MINH CITY

CERTIFICATE IN BUSINESS MANAGEMENT

BBM 1004- Principle of Economics

Credits: 16

ECTS Value: 8

 

Marking Scheme: Numerical marking scheme (i.e. mark of 0-100)

 

Pass Mark

The pass mark for the module is 50%

Delivery Type

This module requires you to attend classes or events at scheduled time and in specific locations.

Pre-Requisites

None

Co-Requisites

None

Module Outline

This module is an introduction to the economic analysis of individual firms, individual households and markets, as well as aggregate economic variables such as inflation, unemployment and economic growth.  The module will provide student with a broad overview of many topics and perspectives in economic theory and real world applications.  

Indicative Content

 

Number

Description

1

Nature and Scope of Economics, macro economics. Basic economic problem and concepts (Chapter 1, 2)

2

The Market, Demand and Supply. Equilibrium Price and Quantity (Chapter 6)

3

Theory of Demand and Elasticity (Chapter 5)

4

Theory of Consumer Behavior (Chapter 7)

5

Business Organization and Behavior  and Theory of Production: Costs, Revenues and Profits (Chapter 13)

6

Market Structure: Perfect Competition,  Monopoly, Monopolistic Competition and  Oligopoly (Chapter 14, 15, 16, 17)

7

Market Failure, Income Distribution and Role of Government (Chapter 6)

8

National Income Accounting and Circular Flow of Income (Chapter 23)

9

Determination of National Income: the Keynesian Model (Chapter 33)

10

Fiscal and Monetary Policies, Inflation and Unemployment (Chapter 28, 30, 34)

 

Learning Outcomes

On successful completion of this Module you will be expected to be able to:

 

Description

1

  • Demonstrate how economics can be used to explain economic agents’ behaviour in different types of market structure.

2

  • Demonstrate how households and firms respond to government intervention.

3

  • Demonstrate the understanding of the economic performance  via macroeconomic indicators.

4

  • Demonstrate understanding of mechanism of monetary policy and fiscal policy as well as the way those is used to counteract the business cycle.

5

  • Develop analytical skills by employing standard diagrammatic analysis and reference to the underlying mathematical techniques.

 

Learning and Teaching Strategy

 

The learning outcomes will be assessed in both assignment and by examination.

 

Learning & Teaching Methods

 

Method

Hours

Lecture & Seminar

48

Tutorial

15

Guided independent study

97

 

Summary

%

Scheduled

40

Independent

60

 

 

Summative Assessment Strategy

 

Your achievement of the learning outcomes for this module will be tested as follows: Essay (1500 words) Exam (3 hours) and a collection of work that relates to a given topic or theme, which has been produced over a period of time. Typically, students will be required to do in-class exercises, quizzes or group presentation.

 

Summative Assessments

Item

Final Item?

Assessment Method

Description

Learning Outcomes

Weighting %

001

No

Essay

1,500 Word Written Essay

1 2 3 4 5

30

002

No

Portfolio

Presentation, exercise…

1 2 3 4

20

003

Yes

Final Written Exam

3 Hour Closed Book Examination

1 2 3 4 5

50

 

Summary

%

Final Written Exam

50

Coursework

30

Portfolio

20

 

Learning Resources

Description

Mankiw, N. G. (2007). Principles of Economics. 4th ed. (An Asian version) (required text book)

Bradley, R. S. (2010). The Macro Economy Today. 12th ed. MacGraw-Hill.

Begg, D., Fischer, S. and Dornbusch, R. (2011) Economics. 10th ed. London: McGraw-Hill.

Samuelson, P. and Nordhaus, W. (2009). Economics. 19th ed. London: Irwin McGraw-Hill.

Parkin, M., Powell, M. and Matthews, K. (2010) Economics. 9th ed. London: Pearson/Addison-Wesley.

 

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