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    BFT101 Course Outline Sem 1 (2017-2018)

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    Muhammad Aidid
    This document outlines the course outline for the Business Economics course at Universiti Malaysia Perlis. The course will cover 14 weeks of content across key topics in microeconomics and macroeconomics, including demand and supply, costs of production, market structures, national income accounting, aggregate demand and supply, and macroeconomic problems. Assessment will include group assignments, presentations, quizzes, midterm and final exams. The course is taught by Professor Dr Rosni Bakar and Dr Tunku Salha Tunku Ahmad.

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    BFT101 Course Outline Sem 1 (2017-2018)

    Uploaded by

    Muhammad Aidid
    184 views2 pages
    This document outlines the course outline for the Business Economics course at Universiti Malaysia Perlis. The course will cover 14 weeks of content across key topics in microeconomics and macroeconomics, including demand and supply, costs of production, market structures, national income accounting, aggregate demand and supply, and macroeconomic problems. Assessment will include group assignments, presentations, quizzes, midterm and final exams. The course is taught by Professor Dr Rosni Bakar and Dr Tunku Salha Tunku Ahmad.

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    This document outlines the course outline for the Business Economics course at Universiti Malaysia Perlis. The course will cover 14 weeks of content across key topics in microeconomics and macroeconomics, including demand and supply, costs of production, market structures, national income accounting, aggregate demand and supply, and macroeconomic problems. Assessment will include group assignments, presentations, quizzes, midterm and final exams. The course is taught by Professor Dr Rosni Bakar and Dr Tunku Salha Tunku Ahmad.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    184 views2 pages

    BFT101 Course Outline Sem 1 (2017-2018)

    Uploaded by

    Muhammad Aidid
    This document outlines the course outline for the Business Economics course at Universiti Malaysia Perlis. The course will cover 14 weeks of content across key topics in microeconomics and macroeconomics, including demand and supply, costs of production, market structures, national income accounting, aggregate demand and supply, and macroeconomic problems. Assessment will include group assignments, presentations, quizzes, midterm and final exams. The course is taught by Professor Dr Rosni Bakar and Dr Tunku Salha Tunku Ahmad.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    UNIVERSITI MALAYSIA PERLIS

    (UniMAP)

    PUSAT PENGAJIAN INOVASI PERNIAGAAN DAN TEKNOUSAHAWAN (PPIPT)


    [SCHOOL OF BUSINESS INNOVATION AND TECHNOPRENEURSHIP (SBIT)]

    BFT101 BUSINESS ECONOMICS – COURSE OUTLINE


    LECTURERS : PROFESSOR DR ROSNI BAKAR & DR TUNKU SALHA TUNKU AHMAD

    STUDY WEEK COURSE CONTENT


    Week 1 Introduction to Economic Concepts
    1.1 Definition of Economics
    1.2 Difference between Microeconomics and Macroeconomics
    1.3 Positive and Normative Analysis
    1.4 Basic Economic Concepts
    Weeks 2 & 3 Demand and Supply
    2.1 Demand and supply analysis
    2.2 Price determination, maximum and
    minimum price
    2.3 Elasticity of demand: price, cross and
    income
    2.4 Elasticity of supply

    Weeks 4 & 5 Cost of Production


    3.1 Fixed cost, variable cost, average cost and
    marginal cost
    3.2 Short-run production and long-run production
    3.3 Total revenue, marginal revenue, and average
    revenue
    3.4 Accounting profits and economic profits

    Weeks 6 & 7 Market Structure


    4.1 Perfect competition, monopoly, monopolistic competition and
    oligopoly

    Week 8 MID-SEMESTER BREAK

    Week 9 National Income Accounting


    5.1 Definition and measurement
    5.2 Difficulties in Calculating National Income
    5.3 Nominal and real national income
    5.4 Components of national income
    5.5 Circular flow of income
    Weeks 10 & 11 National Income Equilibrium
    6.1 Introduction
    6.2 Consumption, Saving, Investment and Government
    Sector
    1
    6.3 Determination of Equilibrium
    6.4 Multiplier Concept
    Weeks 12 & 13 Aggregate Demand and Supply
    7.1 The Aggregate Demand Curve
    7.2 The Determinants of Aggregate Demand
    7.3 The Aggregate Supply Curve
    7.4 The Determinants of Aggregate Supply
    7.3 Changes in the AD-AS Macroeconomic Equilibrium
    7.5 Cost Push and Demand Pull Inflation
    Week 14 Macroeconomic Problems
    8.1 Business cycle
    8.2 Unemployment
    8.3 Inflation
    8.4 Business Cycle and AD-AS
    8.5 The Influence of Monetary policy and fiscal policy on
    Macroeconomic Equilibrium
    Week 14 PRESENTATION
    Week 15 PRESENTATION
    Week 16 STUDY WEEK

    ASSESSMENT METHOD:

    1. Coursework (30%):
     Group Assignment = 20%
     Presentation = 5%
     Quiz = 5%
    2. Mid-Term Exam (20%)
    3. Final Exam (50%)

    References:

    Tucker, I.B. (2013). Survey of Economics, (8th edition.), South-Western,


    Cengage Learning.

    N. Gregory Mankiw, Goh Soo Khoon, Ong Hway Boon, Yen Siew Hwa,
    Cheng Ming Yu, Muszafarshah Mohd Mustafa & Yvonne Lee Lean Ee.
    (2013). Principles of Economics, (Malaysian edition.), Cengage Learning

    Karl E. Case, Ray C. Fair, & Sharon M.Oster (2013). Principles of Economics,
    (15th edition.), South-Western, Cengage Learning.

    Deviga Vengedasalam & Karunagaran Madhavan (2013). Principles of


    Economics. (3rd edition.), Oxford University Press.
    2

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