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.
Teaching staff
Teaching staff
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Daniel Van Houtte, Luu Thi Phuong
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Classroom & time
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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)
Macro Economic
Lectures and Tutorials: from 16/5/2018-20/6/2018
Wednesday morning (8.30-11.30)
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Email
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daniel.vanhoutte@gmail.com
phuonglt020588@yahoo.com
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Class manager
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Nguyen Ngoc Thu Trang
Email: nguyen.trang@isneu.org
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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.
Learning goals
By the end of this course, students could:
understand fundamental concepts and theories of both microeconomics and macroeconomics by solving practice questions.
use these theories and concepts to explain some simple economic behavior and issues happening in real life.
develop their critical thinking skills and problem solving skills.
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.
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)
Week-by-Week Topic Guide (Lectures)
Week
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Dates
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Topic(S)
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Readings from Mankiw’S TEXTBOOK
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1
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April 7 (Sat)
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Introduction to economics
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Chapter 1, 2
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2
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April 14 (Sat)
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Demand & Supply
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Chapter 4, 6
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3
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April 21 (Sat)
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Elasticity
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Chapter 5
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4
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April 28 (Sat)
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Production and costs
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Chapter 13
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5
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May 5 (Sat)
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Competitive markets
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Chapter 14,
Chapter 15
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6
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May 12 (Sat)
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Monopoly
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7
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May 16 (Wed)
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Introduction to Macroeconomics
(Circular flow of income)
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8
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May 23 (Wed)
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Measuring a Nation’s Income
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Chapter 22
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9
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May 30 (Wed)
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Measuring the Cost of Living
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Chapter 23
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10
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Jun 6 (Wed)
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Saving, Investment and Financial System
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Chapter 25
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11
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Jun 13 (Wed)
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Open-economy macroeconomics: Basic concepts
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Chapter 29
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12
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Jun 20 (Wed)
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Revision
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Jun 27 (Wed)
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Final exam
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