Econs Essay

606 Words Jul 22nd, 2015 3 Pages
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Essay Sample
AB0901 PRINCIPLES OF ECONOMICS: A SINGAPORE PERSPECTIVE _________________________________________________________________________ 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

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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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