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UNIVERSITI TEKNOLOGI MARA
Code
DQS136
Course
PRINCIPLES OF ECONOMICS
Level
DIPLOMA
2 / 80
Contact Hour
Lecture 2 hrs/week
Tutorial 1 hr/week
42 hrs F2F + 38 HRS NF2F
Part
Course Status
(Core/Non Core)
NON-CORE
Prerequisite
NONE
Content
1.0
Course Information
2.0
CO PO Matrix
3.0
Course Contents
4.0
Scheme of Work
5.0
Assessment Information
6.0
7.0
8.0
Teaching Methodology
9.0
10.0
OBE-SCL AP114
DQS136
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1.0
COURSE INFORMATION
1.1
Course Outcomes
1.2
Course Description
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DQS136
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1.3
1.4
Syllabus Content
1.
2.
3.
Market Equilibrium.
Changes in market equilibrium.
Effects of government intervention in the markets
4.
5.
National Income.
Measuring national income and output
Computing GDP and measurements other than GDP
GDP and living standards problems of interpretation
6.
7.
Inflation.
Types, causes and effects of inflation
8.
International Trade.
Comparative advantage theory and opportunity cost
Gains and losses of international trade
Reasons for protectionism
The global trading environment
Teaching Methodology
Lecture
Tutorial
Group Discussion
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1.5
Assessment
Examination
60%
Coursework:
1. Test 1
2. Test 2
3. Assignment
:
:
:
10%
10%
20%
TOTAL
100%
1.6
Recommended Text
References
Mankiw, N.G. (2001). Essential of economics. (2nd ed). Orlando: Harcourt College
Publishers.
Mankiw, N. G. (2011). Principles of economics. (6th ed) Canada: South Western,
Cengage Learning Publishers.
Schiller, B.R. (2002). Essential of economics. (3rd ed). Washington: McGraw-Hill Irwin.
OBE-SCL AP114
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2.0
CO PO MATRIX
OBE-SCL AP114
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3.0
NO.
COURSE CONTENTS
TOPICS
CONTENT
1.
Basic Economic
Concept.
2.
Market Demand
and Supply.
3.
Market
Equilibrium.
3.
Government
Macroeconomic
Policy.
4.
National Income.
5.
Growth, Cycles
and
Unemployment.
5.
Inflation
6.
International
Trade
Comparative
advantage
theory
opportunity cost
Gains and losses of international trade
Reasons for protectionism
The global trading environment
OBE-SCL AP114
DQS136
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and
OBE-SCL AP114
DQS136
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4.0
SCHEME OF WORK
WEEK
TOPIC
IMPLEMENTATION
Lectures
Classroom activities
Tutorial
Determinants of demand.
Determinants of supply.
Lectures
Classroom activities
Tutorial
Lectures
Classroom activities
Tutorial
Market Equilibrium
Effects of government
intervention in the markets
OBE-SCL AP114
DQS136
HOURS
Page 8 of 27
WEEK
TOPIC
IMPLEMENTATION
HOURS
National Income.
Definition of national income.
Measuring national income and output
by using expenditure, income and output
approach.
Lectures
Tutorial
SEMESTER BREAK
National Income
Lectures
Measuring national income and output Tutorial
by using expenditure, income and output
approach.
Computing GDP and measurements
other than GDP,
10
National Income
GDP and living standards problem of
interpretation
Uses of national income, difficulties in
calculating national income.
Lectures
Tutorial
11
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12
Class activities
Presentation
13
Inflation.
Definition of inflation.
Types of inflation demand-pull and
cost-push.
Effects of inflation gainers and losers.
Lectures
Tutorial
Assignment
presentation
14
International Trade.
Lectures
Differences between domestic and Tutorial
Test 2
international trade.
Advantages / gains of international trade.
Tools of protectionism.
Reasons of protectionism.
15
Revision Week
Class Activities
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5.0
ASSESSMENT INFORMATION
NO
1
ITEMS
ASSIGNMENT
MARKS
ASSESSMENT BREAKDOWN
20%
TEST 1
10%
be
TEST 2
10%
FINAL EXAM
60%
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6.0
NO.
ITEMS DESCRIPTION
OUTCOME
1.
Assignment
The assignment requires the
students to demonstrate the
formulation and the importance of
the national income.
2.
Test 1
The first test requires
students
to
grasp
microeconomic concepts.
3.
Test 2
The second test requires the It will measure students acquired
students
to
grasp
the macroeconomic knowledge.
macroeconomic concept.
CO1, CO2, CO3, CLO1, CLO2, CLO3, PO1,
PO2, PEO1, PEO2, LO1, LO2, C1, C2, P1,
P2, A1, CS1, CS2
4.
Final examination
The final examination requires
the students to explain the
microeconomic
&
macroeconomic concepts.
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CODE
QSD136
COURSE PRINCIPLES OF ECONOMICS
Ability to explain the principles tools and concepts of economics analysis
and reasoning, while having the ability to identify how a market economy
functions and roles of government within it, as well as having the ability
to demonstrate the formulation and the importance of the national
income.
Ability to explain the government economics policies and economics
environment within business operate.
Ability to identify the economics factors, which influence the behaviour
and performance of firms and industries.
CLO 1
CLO 2
CLO 3
PO1
LO1
LO2
LO5
CO 1
CO 2
CO 3
PO2
PEO1
PEO2
C1
Knowledge
C2
Comprehension
P1
Perception
P2
Set
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A1
TS1
TS2
TS3
Receiving to Phenomena
Kebolehan untuk membina hubungan yang baik, berinteraksi dengan
orang lain dan bekerja secara efektif bersama mereka untuk mencapai
objektif yang sama.
Kebolehan untuk memahami dan mengambil peranan bersilih ganti
antara ketua kumpulan dan ahli kumpulan
Kebolehan untuk mengenal dan menghormati sikap, kelakuan dan
kepercayaan orang lain.
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7.0
NO
1
ITEMS
ASSIGNMENT
RUBRIC DESCRIPTION
presentation
fiscal
monetary
policies =
marks
60
Assignment
marks will be
converted to
rubrics scale of
10
Introduction (5 marks)
Work - Formulation and the importance of the national income (25 marks)
Conclusion (5 marks)
References (2 marks)
Communication skills CS1 - written (3 marks)
Communication skills CS1, CS2 & CS3 presentation skills (2 marks)
Teamwork skills TS1, TS2 & TS3 peer assessment (18 marks)
a) Introduction 5 marks
a. Exemplary 5 : : Insightful introduced and overview the topic, with examples of current
issues
b. Excellent 4 : Insightful introduced and overview the topic
c. Good 3 : Clear introduced and overview the topic
d. Average 2 : Introduction is introduced and somewhat discussed.
e. Poor 1 : Introduction is introduced and somewhat is irrelevant.
f. Very poor 0 : No introduction.
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b) Work 25 marks
a. Excellent 21 25 : Work is clearly discussed and reflected, with current examples
b. Good 16 20 : Work is clearly discussed and reflected.
c. Average 11 15 : Work is introduced but not clearly reflected.
d. Satisfy 6 10 : Work is introduced and somewhat discussed.
e. Poor: 1 5 : Work is not clearly discussed and irrelevant.
f. Non compliance : 0 : No work is done.
c) Conclusion - 5 marks
a. Exemplary 5 : Conclusion is presented outstandingly clear, and demonstrated the ability
to related to the whole work to course outcome
b. Excellent 4: Conclusion is presented clearly, and demonstrated the ability to relate to
the introduction part of the work
c. Good 3 : Conclusion is presented clearly
d. Average 2: Conclusion is moderately presented.
e. Poor 1: Conclusion is irrelevant.
f. Very poor 0: No conclusion presented
d) References (2 marks)
a. Good 2 : references is presented with a good and acceptable format, and cross
referred to the whole Work.
b. Poor 1 : references is presented with poor format, and not all are cross referred
c. Very poor: 0 No references is presented.
e) Communication Skills CS1 - written (3 marks)
a. Excellent 3 : Work is presented clearly, effectively and logically. Very smooth flow of
ideas and expression. Very good command of English
b. Average 2 : Work is presented moderately clear, effective and logic. Demonstrate an
attempt to be confident in communicating ideas, yet minor error in English usage.
c. Poor 1 : Work is presented poorly, lack of clear, effective and logical flow of ideas. Major
error in English usage
d. Very poor 0 : Ideas are not communicated, either through writing or illustrations. Very
poor use of English Language.
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Each assignment
marks will be
converted to
rubrics scale,
and adds up to
become 20
marks
OBE-SCL AP114
DQS136
57 - 60 = 20 marks (Exemplary)
49 - 56 = 18 marks (Excellent)
41 - 48 = 16 marks (Merit)
37 - 42 = 14 marks (Competent)
31 - 36 = 12 marks (Good)
25 - 30 = 10 marks (Satisfactory)
19 - 24 = 8 marks (Mediocre)
13 - 18 = 6 marks (Fair)
7 - 12 = 4 mark (Poor)
1 - 6 = 2 marks (Unsatisfactory or does not show evidence of originality)
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TEST 1
10 MCQ @ 2
marks each =
20 marks
Structured = 40
marks
Essay
questions = 40
marks
OBE-SCL AP114
DQS136
0 = Non-submission
Exemplary (10) = demonstrates complete and insightful understanding and ability to explain
the basic ideas microeconomics concepts
Excellent (9) = demonstrates methodical and insightful understanding and ability to explain
the basic ideas of microeconomics concepts
Merit (8) = demonstrates deep and insightful understanding and ability to explain the basic
ideas of microeconomics concepts
Competent (7) = demonstrates thorough and insightful understanding and ability to explain
the basic ideas of microeconomics concepts
Good (6) = demonstrates considerable understanding and ability to explain the basic ideas of
microeconomics concepts
Satisfactory (5) = demonstrates satisfactory understanding and ability to explain the basic
ideas of microeconomics concepts
Mediocre (4) = demonstrates mediocre understanding and ability to explain the basic ideas
of microeconomics concepts
Fair (3) = demonstrates fair understanding and ability to explain the basic ideas of
microeconomics concepts
Poor (2) = demonstrates poor understanding and ability to explain the basic ideas of
microeconomics concepts
Unsatisfactory (1) = demonstrates limited understanding and ability to explain the basic
ideas of microeconomics concepts
Non-submission (0) = Does not submit on prescribed time due
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TEST 2
10 MCQ @ 2
marks each =
20 marks
Structured = 40
marks
Essay
questions = 40
marks
Exemplary (10) = demonstrates complete and insightful understanding and ability to explain
the basic ideas macroeconomics concepts
Excellent (9) = demonstrates methodical and insightful understanding and ability to explain
the basic ideas of macroeconomics concepts
Merit (8) = demonstrates deep and insightful understanding and ability to explain the basic
ideas of macroeconomics concepts
Competent (7) = demonstrates thorough and insightful understanding and ability to explain
the basic ideas of macroeconomics concepts
Good (6) = demonstrates considerable understanding and ability to explain the basic ideas of
macroeconomics concepts
Satisfactory (5) = demonstrates satisfactory understanding and ability to explain the basic
ideas of macroeconomics concepts
Mediocre (4) = demonstrates mediocre understanding and ability to explain the basic ideas
of macroeconomics concepts
Fair (3) = demonstrates fair understanding and ability to explain the basic ideas of
macroeconomics concepts
Poor (2) = demonstrates poor understanding and ability to explain the basic ideas of
macroeconomics concepts
OBE-SCL AP114
DQS136
Unsatisfactory (1) = demonstrates limited understanding and ability to explain the basic
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FINAL EXAM
10 MCQ @ 2 a) MCQ
~ 2 mark each x 10 Q = 20 marks
marks each =
20 marks
b) Structured
4 Structured =
~ 12.5 marks each x 4 Q = 50 marks
50 marks
c) Essay
Essay
~ 10 marks each x 3 Q = 30 marks
questions = 30
(Total = 100 marks)
marks
Total marks for
final examination
is 100 marks and
will be reduced
to 60 marks
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REQUIRED SKILLS
Advanced
Competent
4
3
Ability to develop good Did more than others highly productive Did their part of the work cooperative.
relation, interaction and
effective teamwork to
achieve common goals Works extremely well with others, never Works well with others, rarely argues.
(TS1)
argues
Tries to keep people working together. Does not cause problems in the group.
Almost always focused on the task and
what needs to be done. Is very selfdirected.
Ability to understand
and resume alternate
roles between leader
and group members
(TS2)
Progressing
Does not meet minimum expectations SCORE
2
1
Could have done more of the work has Did not do any work does not contribute,
difficulty, requires structure, directions and does not work well with others
leadership
Sometimes argues.
Usually argues with teammates.
Sometimes not a good team member. Often is not a good team member. Does
Sometimes focuses on the task and what not focus on the task and what needs to
needs to be done. Must be prodded and be done. Lets others do the work.
reminded to keep on task.
Participated in all group meetings, Participated in most group meetings. Participated in some group meetings. Participate in few or no group meetings.
assumed leadership role as necessary. Provided leadership when asked. Did most Provided some leadership. Did some of Provided no leadership. Did little or no
Did the work that was assigned by the of the work assigned by the group
the work assigned by the group.
work assigned by the group.
group.
Ability to identify and Always respects teammates' opinion, and Generally respects teammates' opinion, Rarely respects teammates' opinion, and Is disruptive in all ways
respect the behavior, helps in developing ideas, and displays and helps in developing ideas, and helps in developing ideas, and rarely
attitude and belief of positive attitude.
sometimes displays positive attitude.
displays positive attitude.
others (TS3)
TOTAL
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12
8.0
8.1
TEACHING METHODOLOGY
Various Teaching Method(S)
TEACHING
SOFTSKILLS
Critical Thinking And Problem-Solving Skills
Communication Skills
Teamwork Skills
Values Professionalism Morality
Information Management And Life-Long Learning Skills
Entrepreneurial Skills
Leadership Skills
8.2
LECTURE
INDIVIDUAL
LECTURE
INDIVIDUAL
GROUP
WORK
TEACHING
SOFTSKILLS
Critical Thinking And Problem-Solving Skills
Communication Skills
Teamwork Skills
Values Professionalism Morality
Information Management And Life-Long Learning Skills
Entrepreneurial Skills
Leadership Skills
OBE-SCL AP114
DQS136
GROUP
WORK
Page 22 of 27
8.3
EVALUATION
SOFTSKILLS
Critical Thinking And Problem-Solving Skills
Communication Skills
Teamwork Skills
Values Professionalism Morality
Information Management And Life-Long Learning Skills
Entrepreneurial Skills
Leadership Skills
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TEST
INDIVIDUAL
GROUP
WORK
FINAL
EXAM
COURSE
CODE
CREDIT
SEMESTER
PRINCIPLES
OF ECONOMICS
:
: QSD136
: 2.0
: 1
CO 1
ability to explain the principles tools and concepts of economics analysis and reasoning, while having the ability to identify how a
market economy functions and roles of government within it, as well ashaving the ability to demonstrate the formulation and the
importance of the national income.
CO 2 ability to explain the government economics policies and economics environment within business operate.
CO 3 ability to identify the economics factors, which influence the behaviour and performance of firms and industries.
F2F
week
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Lecture
(hour)
2
2
2
2
2
2
2
n F2F
Tutorial
(hour)
1
1
1
1
1
1
1
ASG
revision
(hour)
0.5
0.5
0.5
0.5
0.5
0.5
0.5
Collec data
(hour)
0.5
0.5
0.5
0.5
0.5
0.5
0.5
3
3
T&E
Do report/
slides (hour)
(hour)
4
4
4
4
4
9
9
2
2
2
2
2
2
2
1
1
1
1
1
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
0.5
7
study week
Test
DQS136
exam week
TOTAL HOURS
OBE-SCL AP114
hrs
9
4
4
4
4
4
4
7
2
80
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10.0
COURSE ENTRANCE
AND EXIT SURVEY
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: _______________________________________
Student No.
: _______________________________________
Date.
: _______________________________________
2 Disagree
1 Strongly Disagree
CO
CO1
NO.
ITEMS
Your Rating
I am able to explain the definition of economics, 1
1
2 3 4 5
2
3
3
CO2
4
5
CO3
6
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: _______________________________________
Student No.
: _______________________________________
Date.
: _______________________________________
2 Disagree
1 Strongly Disagree
CO
CO1
NO.
ITEMS
Your Rating
I am able to explain the definition of economics, 1
1
2 3 4 5
2
3
4
CO2
5
6
CO3
7
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