ESSENTIAL ECONOMICS

About this Course

Course Description

The goal of this course is to introduce students to economics, which typically divides into two main areas: macroeconomics and microeconomics. Macroeconomics studies the economy as a whole, while microeconomics examines its various components and concentrates on the decisions made by individuals and businesses and their interactions. This course provides a basic understanding of the rules guiding economic agents' behavior and how to apply them to the analysis of economic problems and their resolution. The fundamental ideas of macroeconomics are also covered in this course, along with topics such as measuring and determining national output and income, employment, and inflation, as well as government budgeting and fiscal policy, money, banking, and monetary policy, international trade, balance of payments, and exchange rates. It also looks at how competitive and environmentally friendly policies can help with macroeconomic issues.

Course Learning Outcomes

1 ) Explain current economic issues.
2 ) Apply microeconomics and macroeconomics concepts and theories in real economic situations.
3 ) Describe microeconomics and macroeconomics concepts and theories.

Course Details

STATUS : Open
DURATION : FLEXIBLE
EFFORT : 4 hours per week
MODE : 100% Online
COURSE LEVEL : Intermediate
LANGUAGE : English
CLUSTER : Business & Management ( SP )

 Syllabus

1.1 Definition of Economics
1.2 Microeconomics
1.3 Macroeconomics

2.1 Demand theory
2.2 Supply theory
2.3 Elasticity and its applications
2.4 Market Equilibrium
2.5 Government Intervention in the Market

3.1 Costs and Profit
3.2 Short-run Production Costs
3.3 Long-Run Production Costs

4.1 Revenue Concepts and Profit Maximization in the short run
4.2 Perfect Competition
4.3 Monopoly
4.4 Monopolistic Competition
4.5 Oligopoly

5.1 Concepts of National Income, Aggregate Demand and Supply (AD&AS)
5.2 Methods of Measuring National Income
5.3 Uses of National Income
5.4 Limitations of National Income Measure
5.5 National Income Equilibrium

6.1 Definition, Functions and Characteristics of Money
6.2 Money Demand (Keynes) – 3 motives
6.3 Components of Money Supply (Calculation)
6.4 Money Market Equilibrium
6.5 Credit Creation

7.1 Introduction
7.2 Fiscal Policy
7.3 Monetary Policy

8.1 Introduction
8.2 Unemployment
8.3 Inflation

9.1 International Trade
9.2 Balance of Payment
9.3 Exchange rate

10.1 Nature of Digital economy
10.2 Stages of Evolution of Digital Economy
10.3 IR4
10.4 The Sharing and Gig Economy

Our Instructor

PROFESOR MADYA DR KAMARUDIN BIN OTHMAN

Course Instructor
UiTM Kampus Sungai Petani

PROFESOR MADYA DR NOOR ZAHIRAH BT MOHD SIDEK

Course Instructor
UiTM Kampus Sungai Petani

DR. MUHAMMAD HANIF BIN OTHMAN

Course Instructor
UiTM Kampus Sungai Petani

DR. BERLIAN NUR BINTI MORAT

Course Instructor
UiTM Kampus Sungai Petani

DR. NOR ZURIATI AMANI BINTI AB RANI

Course Instructor
UiTM Kampus Kota Bharu

NOR SABRINA BINTI ZAHARI

Course Instructor
UiTM Kampus Machang

 Frequently Asked Questions

A1 : It is free.