This is the first of a 2-parts course that is an integral component to the programme. It is
designed to provide students with a key set of analytical tools that can be applied to real
world economic issues, such as decisions made by consumers and firms, and the effect of
government policies in the marketplace. Students will learn how to apply Microeconomics
principles to comprehend and evaluate arguments made in public policy debates. Principles
of Economics I is the introductory course in economic theory and applications. It is designed
to introduce undergraduate students to the fundamental concepts of microeconomics. It deals
with the economic behaviour of consumers and firms, covering analysis of demand and
supply of goods, services and resources within an economy. The objective of the course is to
apply principles of economic analysis to the day-to-day decision-making of individuals,
households (consumers), different types of firms (sellers), market and government
Platform for students to access study resources, materials, assignment details, attempt quizzes, mid-term and final exams.
The objectives of this course are to:
1. Developing a coherent framework for understanding why trade occurs across countries that are either different or similar
2. Equipping students to respond intelligently to popular discussions of multinational firms’ practices in the global economy
3. Learning how to think about trade issues between different countries
This
course covers the basic economics problem, economic systems, demand and supply,
theory of production, and market structure. By the end of this course, students
will have a strong grasp on the major issues of macroeconomists face,
including consumer and producer behavior, the nature of supply and demand, the
different kinds of markets and how they function, and the welfare outcomes of
consumers and producers. Students also explore how these formal principles and
concepts apply to real-world issues.
Greetings, I am Dr Muhammad Irfan and will be teaching the "Environmental Economics" course in a short February semester the course code is "G0233". In our class, I will be discussing some of the vital environmental challenges countries are facing and how these environmental issues are affecting individual lives, societies, countries, and the planet earth.
Feel free to contact me at "irfan.muhammad@xmu.edu.my"
Regards,
Irfan
This course is a guide to economic literacy and the global economy. It begins with an introduction of economics and the key tools of supply
and demand, and how equilibrium is reached in a market economy. The second part of the course introduces a framework to study
consumer and firm behavior. The final part of the course provides an introduction to macroeconomics and economic policy. Students will
be required to understand basic economic concepts and analyze problem sets that reflect actual economic phenomena.
In the face of economic uncertainties worldwide, businesses must keep abreast of their external economic environment. The course focuses on the application of economic theory and mathematical tools to determine the optimal solution for managerial decisions. The topics to be discussed include demand analysis and forecasting, production and costs, and the pricing and output decision in a market. Managers and organisations can benefit from making informed decisions taking into consideration the understanding of economic factors facing the business environment.
The aim of this course is to provide students with an understanding the basics of international trade and finance and the effects of various international economic policies on domestic and world welfare. The objective of this course is to help students develop basic skills in understanding trade and finance across countries and the consequences of international trade and multinational firm practices.
This course is to provide the students with a framework for conducting research in a systematic manner in all Quantitative and Qualitative research in all areas of economics, finance, and international business. It will introduce the various research methods and students wIll be exposed to practical experience in data collection and data analysis. It is also designed for students to learn the art of presenting research ideas and findings in an informative way.
The course will highlight sources of comparative advantage, gains and losses from trade, the impact of trade on economic growth, and the effects of trade policy. Students will also develop an understanding of the empirical literature on the Political Economy of Trade Policy and on the analysis of trade flows at the macroeconomic level. Emphasis will be given to issues of particular reference topics on international trade & finance, the balance of payments, determination of foreign exchange rates, and the international monetary system.
SEM104 Principles of Economics Semester 2021 Sept