Module - intro economic

Certainly. Since you have experience teaching and creating educational content, I would suggest a 14-week semester structure suitable for diploma or first-year undergraduate students. The module balances theory, discussion, and practical applications.

Introduction to Economics

Course Duration: 14 Weeks (One Semester) Credit Hours: 3 Prerequisite: None

Course Description

This course introduces students to the fundamental principles of economics. Students will learn how individuals, businesses, and governments make decisions regarding scarce resources. The course covers both microeconomics and macroeconomics, providing an understanding of economic systems, markets, national income, inflation, unemployment, and international trade.

Course Learning Outcomes

Upon completion of this course, students should be able to:

1. Explain the basic concepts of economics.


2. Analyze economic decision-making using economic principles.


3. Differentiate between microeconomics and macroeconomics.


4. Discuss market operations and price determination.


5. Explain major macroeconomic issues affecting society.


6. Evaluate current economic events using economic concepts.




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Weekly Teaching Plan

Week Topic Learning Activities

1 Introduction to Economics Definition of economics, scarcity, choice, opportunity cost, economic systems
2 Basic Economic Problems What, How, and For Whom to Produce; Factors of Production
3 Demand and Supply Law of Demand, Law of Supply, Demand and Supply Curves
4 Market Equilibrium Equilibrium Price and Quantity, Changes in Equilibrium
5 Elasticity of Demand and Supply Price Elasticity, Income Elasticity, Practical Applications
6 Consumer and Producer Behavior Utility, Consumer Choice, Production Concepts
7 Market Structures Perfect Competition, Monopoly, Monopolistic Competition, Oligopoly
8 Mid-Semester Assessment / Quiz / Test Revision and Assessment
9 Introduction to Macroeconomics National Economy, Economic Goals
10 National Income Accounting GDP, GNP, Methods of Measuring National Income
11 Inflation and Unemployment Causes, Effects, Government Policies
12 Money and Banking Functions of Money, Central Bank, Commercial Banks
13 Fiscal and Monetary Policy Government Spending, Taxation, Interest Rates
14 International Trade and Course Review Comparative Advantage, Globalization, Revision



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Suggested Assessment

Assessment Weight

Quiz 1 10%
Assignment 20%
Mid-Term Test 20%
Group Presentation 10%
Final Examination 40%
Total 100%



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Suggested Assignment Topics

Students may choose one:

1. Impact of Inflation on Malaysian Households.


2. The Role of Bank Negara Malaysia in Economic Stability.


3. Effects of Rising Food Prices on Consumers.


4. E-commerce and Market Competition in Malaysia.


5. Youth Unemployment in Malaysia.



Recommended References

1. Principles of Economics by N. Gregory Mankiw


2. Economics by Paul Samuelson


3. Bank Negara Malaysia annual reports and publications.


4. Department of Statistics Malaysia economic reports.



This structure is appropriate for a Community College, Polytechnic, Diploma, Foundation, or first-year Degree course and can easily be expanded into a full course syllabus with weekly learning outcomes, tutorials, assignments, and lecture slides.

Weekly Teaching Plan 
Week 
Topic 
Learning Activities 
Introduction to Economics 
Definition of economics, scarcity, choice, opportunity cost, economic systems 
Basic Economic Problems 
What, How, and For Whom to Produce; Factors of Production 
Demand and Supply 
Law of Demand, Law of Supply, Demand and Supply Curves 
Market Equilibrium 
Equilibrium Price and Quantity, Changes in Equilibrium 
Elasticity of Demand and Supply 
Price Elasticity, Income Elasticity, Practical Applications 
Consumer and Producer Behavior 
Utility, Consumer Choice, Production Concepts 
Market Structures 
Perfect Competition, Monopoly, Monopolistic Competition, Oligopoly 
Mid-Semester Assessment / Quiz / Test 
Revision and Assessment 
Introduction to Macroeconomics 
National Economy, Economic Goals 
National Income Accounting 
GDP, GNP, Methods of Measuring National Income 
Inflation and Unemployment 
Causes, Effects, Government Policies 
Money and Banking 
Functions of Money, Central Bank, Commercial Banks 
Fiscal and Monetary Policy 
Government Spending, Taxation, Interest Rates 
International Trade and Course Review 
Comparative Advantage, Globalization, Revision 

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