Econs Essay

606 Words Oct 28th, 2015 3 Pages
AB0901
PRINCIPLES OF ECONOMICS: A SINGAPORE PERSPECTIVE
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Academic Year | : | 2013 - 2014 | Semester | : | July |
Course Coordinator | : | Tan Khay Boon | Other Instructor(s) | : | Siang NgOng QiyanLu JiaSuman 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
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qyong@ntu.edu.sg |
Suman Kamari Sharma | | | sumansharma@ntu.edu.sg |
Liu Jia | | | jliu1@e.ntu.edu.sg |

Proposed Weekly Schedule

Week | Topic | Learning Objectives | Readings/Activity |
112 Aug | Introduction to MicroeconomicsThe Economic ProblemDemand and SupplyElasticity | Define microeconomic termsDiscuss economic problemsAnalyze demand and supplyCalculate and analyse elasticity | Parkins, Chapters 1, 2, 3 & 4 |
219 Aug | Efficiency and EquityGovernment Actions in Markets | Explain and analyze efficiency and equityAnalyze consumer surplus and producer surplusExplain effects of Price controlAnalyze effects of Taxes and subsidies | Parkins, Chapters 5 & 6 |
3 26 Aug | Global Markets in ActionUtilities and Demand | Analyze international tradeDiscuss trade restrictionExplain utility maximizing choicesAnalyze marginal utility theory | Parkins, Chapters 7 & 8 |
42 Sep | Organizing ProductionOutput and CostsPerfect Competition | Calculate revenue, cost and profitAnalyze organizationAnalyze short run costAnalyze long run cost | Parkins, Chapters 10, 11 & 12 |
59 Sep | Perfect CompetitionMonopoly | Analyze perfectly competitive firmsDefine monopolyAnalyze monopolistDiscuss price discrimination | Parkins, Chapters 12 & 13 |
616 Sep | Monopolistic CompetitionOligopoly(Quiz 1: MCQ covering Lectures 7 to 11 during second half of Tutorial 11) | Define monopolistic competitionAnalyse monopolistic competitive firmsDefine oligopolyAnalyze…

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