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.
| 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 microeconomists 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 |