SEM111 Principles of Economics introduces students to fundamental economic concepts that explain how individuals, firms, and governments make decisions under conditions of scarcity. The course covers key topics including opportunity cost, supply and demand, market equilibrium, elasticity, consumer choice, production and costs, market structures, and the role of government in the economy.
Students will develop analytical and critical thinking skills to evaluate real-world economic issues such as price changes, market failures, and policy interventions. The course integrates both theoretical foundations and practical applications to enhance students’ understanding of economic behaviour and decision-making.
| This course provides how economics may be helpful to the health care business as an essential sector, medical service delivery and health care decision makers. This course introduces the basic concepts of economics and their application to the health sector through theoretical and empirical analysis of the problems of health and medical care. The topics covered include demand and supply for medical care and medical insurance; institutions in the health sector; economics of information applied to the market for health insurance and for health care; the technique of health economic evaluation; economics of health care labor markets, health care production and health care financing |
| An increasing share of our economy is based on digital goods and services, which constitute the core of what is termed the digital economy. This course will introduce the economics of the digital economy. The digital economy is characterized by transient market behaviour, feedback mechanisms, international impact, many stakeholders, and technological dependence. The main aim is for students to understand the logic of the digital economy's structures, i.e., why these structures lead to certain outcomes - such as the large market power of some companies or non-monetary pricing. Understanding the digital economy does not require brand-new economic theories. Instead, it needs a different emphasis on factors that are also present in the traditional economy. This course will also refer to behavioural insights to understand why consumers (or users) and producers (or suppliers) might behave differently in the digital domain as compared to the physical domain by incorporating some case studies for reference.The Digital Economy offers an up-to-date, critical synthesis that links the various aspects of the digital or cyber economy from the perspective of real firms' applications |
This course is a guide to economic literacy and the global economy. It begins with an introduction to supply and demand as well as the basic forces that determine an equilibrium in a market economy. Secondly, it introduces a framework about consumer and firm behaviour. The final section provides an introduction to macroeconomics
topics. Students will be required to understand basic theory and solve basic problems of the real economy.
The course will highlight sources of comparative advantage (The Ricardian Model), gains and losses from trade, resources and trade (The Heckscher-Ohlin Model), the impact of trade on economic growth, and effects of trade policy interventions such as tariffs, quotas, voluntary export restraints, and export subsidies. Students will develop an appreciation of the Political Economy of Trade Policy, National Income Accounting, Balance of Payments, Money, Exchange Rates and the Foreign Exchange Market Approach. A critical understanding of models of exchange rate determination with flexible prices, fixed prices and sticky prices will be developed. Students will also develop an understanding of the empirical literature on 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, balance of payments, determination of foreign exchange rates, and international monetary system.
The course will highlight sources of comparative advantage, gains and losses from trade, the impact of trade on economic growth, and effects of trade policy interventions such as tariffs, quotas, voluntary export restraints, and export subsidies. Students will also develop an understanding of the empirical literature on 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, balance of payments, determination of foreign exchange rates, and international monetary system.
This course provides the brief introduction to the environmental economics. The course follows a hierarchy of introductory- and intermediate-level principles that are designed to lead students along and prepare them for the more advanced applications. The course will mainly cover Environmental Issues, Environmental Analysis, Environmental Policies which include carbon tax, Benefits and Costs, Supply and Demand, Markets, Externalities, and Public Goods, Water pollution, Air pollution, and Economic Development and the Environment etc.
This course is designed to provide students with an understanding of the data and its relevance in business and develop an understanding of the quantitative techniques from statistics. A particular emphasis is placed on developing the ability to interpret the numerical information that forms the basis of decision-making in business. Most of the examples are drawn from a variety of business applications. This course introduces business statistics and fundamental aspects of decision-making. It examines aspects of business and marketing with regards to basic statistical analysis. Students will be provided with the theoretical concepts, tools and methods of statistics as well as the opportunity to work through example problems.
This course introduces the fundamental principles of microeconomics, focusing on how individuals, firms, and governments make decisions within markets. Students will learn the key concepts of supply and demand, market mechanisms, and consumer and producer behavior. The course emphasizes the application of microeconomic theories to real-world issues, including evaluating business strategies and public policies. By exploring different market structures, students will gain insights into how economic outcomes vary across competitive and non-competitive environments.
SEM107 Microeconomics provides students with a strong foundation in the principles of microeconomic analysis, focusing on consumer and producer behavior, market structures, and the impact of government intervention. The course equips students with analytical tools to understand how individuals and firms make decisions under conditions of scarcity and how these decisions shape market outcomes.
SEM206 Statistics For Business Tutorial 202509 Tan Lay Khong
SEM111 Principles of Economics introduces students to the fundamental concepts of economics, including scarcity, opportunity cost, supply and demand, market structures, and the role of government policies. The course provides both microeconomic and macroeconomic perspectives to help students analyze real-world issues and make informed decisions.
This course is a guide to economic literacy and the global economy. It begins with an introduction to supply and demand as well as the basic forces that determine an equilibrium in a market economy. Secondly, it introduces a framework about consumer and firm behaviour. The final section provides an introduction to macroeconomics
topics. Students will be required to understand basic theory and solve basic problems of the real economy.
An increasing share of our economy is based on digital goods and services, which constitute the core of what is termed the digital economy. This course will introduce the economics of the digital economy. The digital economy is characterised by transient market behaviour, feedback mechanisms, international impact, many stakeholders, and technological dependence. The main aim is for students to understand the logic of the digital economy's structures, i.e., why these structures lead to certain outcomes - such as the large market power of some companies or non-monetary pricing. Understanding the digital economy does not require brand-new economic theories. Instead, it needs a different emphasis on factors that are also present in the traditional economy. This course will also refer to behavioural insights to understand why consumers (or users) and producers (or suppliers) might behave differently in the digital domain as compared to the physical domain, by incorporating some case studies for reference. The Digital Economy offers an up-to-date, critical synthesis that links the various aspects of the digital or cyber economy from the perspective of real firms' applications.
At the end of this course, students will be able to: 1. Demonstrate knowledge and understanding of the Chinese economy, past and present. 2. Receive intimate information on the driving factors of the Chinese economy and its future trends. 3. Display an understanding of how Chinese business customs work.
The course will highlight sources of comparative advantage, gains and losses from trade, the impact of trade on economic growth, and effects of trade policy interventions such as tariffs, quotas, voluntary export restraints, and export subsidies. Students will develop an appreciation of the Political Economy of Trade Policy, National Income Accounting, Balance of Payments, Money, Exchange Rates and the Foreign Exchange Market Approach. Students will also develop an understanding of the empirical literature on Political Economy of Trade Policy and on the analysis of trade flows at the macroeconomic level.
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.