Neu programme basic economics



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IBD@NEU PROGRAMME

BASIC ECONOMICS

Course outline

Economics is the study of how society allocates its scarce resources to satisfy unlimited wants. It provides understanding about how the economy works and how individuals in the economy make choice to maximize their benefits. This course requires no prior exposure to economics and covers very basic concepts and theories of microeconomics and macroeconomics- the two branches of economics. Real-life examples will be discussed to give students a more practical approach.



  1. Teaching staff

    Teaching staff

    Daniel Van Houtte, Luu Thi Phuong

    Classroom & time

    1. Micro Economic

    Lectures: from 7/4/2018-12/5/2018

    Saturday morning (08.30-11.30)



    Tutorials: from 11/4/2018- 9/5/2018

    Wednesday morning (8.30-10.00)




    1. Macro Economic

    Lectures and Tutorials: from 16/5/2018-20/6/2018

    Wednesday morning (8.30-11.30)



    Email


    daniel.vanhoutte@gmail.com

    phuonglt020588@yahoo.com

    Class manager

    Nguyen Ngoc Thu Trang

    Email: nguyen.trang@isneu.org



  2. Aims

This course is a basic course for undergraduate students with no background in economics. The main aim is to introduce students to the foundations of economic thinking while developing theoretical and applied skills that make economics useful for understanding simple economic behaviour. The topics studied in this course provide a foundation not only for specialised fields of economics, but also for business disciplines, such as finance, management, and marketing.

  1. Learning goals

By the end of this course, students could:

  1. understand fundamental concepts and theories of both microeconomics and macroeconomics by solving practice questions.

  2. use these theories and concepts to explain some simple economic behavior and issues happening in real life.

  3. develop their critical thinking skills and problem solving skills.

  1. Assessment

Attendance: 10%

Homework: 20%

Final exam: 70%

A pass is obtained by completing at least 50% of the final exam and final grade and attending at least 70% of the lectures and tutorials.



  1. Recommended textbook

N.G. Mankiw, Principles of Economics, 5th edition, 2008

David Begg, Stanley Fischer, Rudiger Dornbusch, Economics, 7th edition, McGraw-Hill Education, 2003.



Vietnamese:

1. http://www.vneconomy.vn (Thời báo kinh tế VN)

2. http://www.gso.gov.vn (Tổng Cục Thống Kê)

3. http://www.sbv.gov.vn/ (Ngân Hàng Nhà Nước VN)

http://www.vnbaorg.info/

4. http://www.moit.gov.vn (Bộ Công Thương)

5. http://www.mof.gov.vn (Bộ Tài Chính)

6. http://www.mard.gov.vn (Bộ Nông Nghiệp và Phát Triển Nông Thôn)

English:

1. http://www.worldbank.org (Ngân Hàng Thế Giới)

2. http://www.UNDP.org (Chương trình Phát Triển Liên Hiệp Quốc)

3. http://www.IMF.org (Quỹ Tiền Tệ Thế Giới)

4. http:// www.ADB.org (Ngân Hàng Phát triển Châu Á)

  1. Week-by-Week Topic Guide (Lectures)

Week

Dates

Topic(S)

Readings from Mankiw’S TEXTBOOK

1

April 7 (Sat)

Introduction to economics

Chapter 1, 2

2

April 14 (Sat)

Demand & Supply

Chapter 4, 6

3

April 21 (Sat)

Elasticity

Chapter 5

4

April 28 (Sat)

Production and costs

Chapter 13

5

May 5 (Sat)

Competitive markets

Chapter 14,

Chapter 15



6

May 12 (Sat)

Monopoly




7

May 16 (Wed)

Introduction to Macroeconomics

(Circular flow of income)






8

May 23 (Wed)

Measuring a Nation’s Income

Chapter 22

9

May 30 (Wed)

Measuring the Cost of Living

Chapter 23

10

Jun 6 (Wed)

Saving, Investment and Financial System

Chapter 25

11

Jun 13 (Wed)

Open-economy macroeconomics: Basic concepts

Chapter 29

12

Jun 20 (Wed)

Revision







Jun 27 (Wed)

Final exam









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