ECM5953 Economics
Faculty of Business and Economics
ECM5953 Economics is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 1 and Semester 2 at Malaysia. It has no prerequisites.
- Credit points
- 6
- Offered in 2021
- Semester 1, Semester 2
- Malaysia
- Assessment
- No exam
- 1 task
- Workload
- 144 hours
- per semester
This is the 2021 handbook entry. See the 2027 entry.
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Requisites
Before ECM5953
Prohibitions
You can't enrol if you have passed any of these.
After ECM5953
No unit lists ECM5953 as a prerequisite in the 2021 handbook.
Equivalent units
The same content under another code. Only one of them counts.
Overview
In this unit you will explore:
Microeconomics: scarcity, economic choice, economic systems, economic ideology, demand and supply analysis, consumer behaviour and elasticity, costs of production and profit maximisation, and perfect competition and monopoly.
Macroeconomics: aggregate demand and aggregate supply, Keynesian versus Neoclassical approaches, the money market and monetary policy, the government budget deficit and fiscal policy, the foreign exchange market and exchange rate policy, unemployment and inflation, and current and capital accounts.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Malaysia | Evening |
| Second semester | Malaysia | On campus |
Assessment
- Within semester assessment100%
Learning outcomes
When you finish this unit, you should be able to:
- 1
develop a basic understanding of the methodology and principles of economics
- 2
develop a basic understanding of micro and macro economics
- 3
present arguments and make decisions in the economic environment.
Workload and teaching
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated reading, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Learning resources
Required resources
Mankiw, N.G. 2018. Principles of Economics (Asia Edition), Cengage Learning.
Mankiw, G. N., Quah, E. and Wilson, P. (2013). Principles of Economics: An Asian Edition, 2nd edition . Cengage Learning Asia Pte. Ltd.
Contacts
- Chief Examiners
- Dr Lilian Chan
- Associate Professor Wai Ching Poon
Common questions
What are the prerequisites for ECM5953?
ECM5953 has no prerequisites.
When is ECM5953 offered?
In 2021, ECM5953 runs in Semester 1 and Semester 2 at Malaysia.
How much work is ECM5953?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECM5953 have an exam?
No. ECM5953 has 1 assessment task and no exam.