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Taylors University
Diploma in Business
Business Programmes
August Semester 2016
ECN40104
MICROECONOMICS
CONTENTS
Introduction
Module Overview
Resources
Assessments
Academic Integrity
Individual Assignment
Group Assignment
Module Calendar
Assignment Cover
Assignment Feedback Form
Appendix
INTRODUCTION
WELCOME
Welcome to Microeconomics.
The Microeconomics is designed to provide the candidate with the basic economic concepts and
microeconomics principles. It is intended to help students to master the principles of microeconomics
essential for understanding the economics problem, economic issues and policy alternatives to solve the
economic problems. We hope that this module will promote a lasting interest to all students in economics
and the economy.
We wish you all the best in your studies.
CONTACT DETAILS
Lecturer/Tutor:
Ms. Marina Mustapha
Block E, Level 9, Wing B
Email: Marina.Mustapha@taylors.edu.my
MODULE OVERVIEW
MODULE SYNOPSIS
This subject is designed to provide the candidate with the basic economic concepts and microeconomic principles. It
covers areas like economic systems, the concepts of demand and supply and market equilibrium, elasticity, costs and
production and issues on price and output determination under perfect and imperfect competitions.
PRE-REQUISITE
None
MODULE OBJECTIVES
1. To introduce to students the various microeconomic theories in understanding the market forces and consumer
behavior.
2. To enable students to analyze and illustrate microeconomic concepts and issues.
3. To provide students with the knowledge of the economists approach to entrepreneurship.
LEARNING OUTCOMES
Upon successful completion of this subject, students will be able to:
1. Demonstrate knowledge and understanding of microeconomic theories and concepts.
2. Apply microeconomic theories and concepts to real-world contexts.
3. Use appropriate skills and techniques in making microeconomic decisions.
4. Analyze microeconomic information from graphical and numerical sources.
Soft Skills
4.0
5.0
6.0
7.0
8.0
Module Objectives
TGC1
TGC2
TGC3
TGC4
TGC5
TGC6
TGC7
TGC8
RESOURCES
TEXT
Robin Bade and Michael Parkin. Foundation of Economics. Global Edition: 7th Edition. Harlow: Pearson, 2015.
MAJOR REFERENCES
1. David Begg, Stanley Fischer, Gianluigi Vernasca and Rudiger Dornbusch. Economics, 11th Edition. London:
McGraw-Hill, 2014.
2. Hoon, Koh, Chin and Quah. Economics: Theory and Applications. International Edition. Singapore: McGrawHill, 2003.
3. John Sloman, Kevin Hinde and Dean Garratt. Economics for Business, 6th Edition, Harlow: Pearson, 2013.
4. John Sloman, Dean Garratt and Alison Wride. Economics. 9th Edition. Harlow: Pearson, 2015.
5. Karl E. Case, Ray C. Fair and Sharon C. Oster. Principles of Economics, International Edition: 11th Edition.
Bostan: Pearson, 2014.
6. Richard G. Lipsey and K. Alec Chrystal. Principles of Economics, 11th Edition. Oxford: Oxford University Press,
2007.
ONLINE SUPPORT
Taylors University provides a learning management system, TIMeS to allow students convenient access to subject
resources. This can be accessed at: http://portals.taylors.edu.my
Materials available include:
Module Outline
Lecture slides
Tutorial and assignment questions
Assignment Cover Sheet
Assignment Feedback Form
Samples of past year exam questions
Other module information
ASSESSMENT
ASSESSMENT SUMMARY
Form of assessment
Length
Weighting
Due date
Learning Outcomes
assessed
TGC Achieved
Week 6
Individual Assignment:
1000 words
Reflective Writing
Group Assignment:
Poster Presentation
Final Examination
07 SEPT 2016
(WED), by
2.00pm
20%
2 poster
boards each about
2' x 3'
30%
2 hours
50%
1&2
2&4
1, 3 & 4
1.3,
2.2 & 3.2
Week 10
03-07 OCT
2016 (MONFRI), Tutorial
Sessions
ASSESSMENT DETAILS
Students are required to submit the individual assignment in hard copy to the module lecturer and electronically to the
Turnitin. Deadlines must be strictly adhered to. Please refer to Taylors University Student Handbook/ Dual Award
Program Guide for more details on late submission. All assignments must use the Assignment cover sheet and
assignment feedback form as the first two pages of the assignment (available from subject website). No extensions
will be granted for assignment submissions. If the assignment is submitted late due to circumstances beyond your
control, you are required to complete an Application for Late Submission of Assessed Work Form (available from the
Divisional Office).
A late penalty will be applied to an assessment item submitted after the date for submission as stated in the
assignment specification, or a later date agreed to by the subject coordinator in response to an application for an
extension of time. The late penalty will take the form of a deduction of a fixed percentage of marks (5%) per day up
until a maximum period of five (5) days, at which time the assignment will be assigned zero marks.
The detailed on individual and group assignments can be found in pages 9-13.
Section B:
Section C:
IMPORTANT REMINDER: Students are required to sit/attempt the final examination. Failure to do so
would result in a fail grade (F).
RETURN OF ASSIGNMENTS
Marked assignments and a feedback form will be returned to you no less than three (3) weeks from the date of
submission.
MODULE REQUIREMENTS
All students must adhere to the Taylors Universitys Examinations, Assessment Policies and Procedures Manual. Key
information can be found at program website (http://portals.taylors.edu.my).
REFERRED EXAM
Re-sit examinations are given to students who fail a subject with a final grade of D+, D or D-, but not F. Such students
may re-sit their examination for the failed subject, as decided by the Board of Examiners. If the student passes the resit examination, the maximum grade that may be awarded is a grade of C, irrespective of the actual mark achieved by
the student for that re-sit examination.
ACADEMIC INTEGRITY
Plagiarism
Plagiarism is the use of someone else's language, ideas, information or original material without acknowledging the
source. All students are expected to attend a course on proper usage of referencing. Information about referencing is
available from the Learning and Academic Skills Centre (LASC) and from the library webpage at:http://library.taylors.edu.my/taylor_customize/Information_Skills/Reference/reference_mainpage.htm
Plagiarism is a serious offence and any individual (who is suspected of plagiarism) would be referred to the Academic
Integrity Committee of Taylor's University. Please refer to the Student Handbook for further information.
Students are advised that the Harvard referencing style should be consistently adopted for all written assessments.
Taylors University treats any acts of dishonesty relating to assessment of University modules very seriously. It is vital
that students acquaint themselves with the Universitys policy on plagiarism. Please refer to Taylors University
Student Handbook/ Dual Award Program Guide for details on Academic Integrity and Assessment Grades.
PERFORMANCE IN ASSESSMENT
Your performance in an assessment will be given various grades. For details, please refer to the Taylors University
Student Handbook/ Dual Award Program Guide.
DIPLOMA IN BUSINESS
MICROECONOMICS (ECN40104)
INDIVIDUAL ASSIGNMENT (AUGUST 2016)
The aim of this assignment component is for the students to examine their learning processes and be able to
make connections between theory and practice, as well as to encourage them to become reflective
practitioners in their future fields.
You will be required to do ONE (1) Reflective Writing task based on microeconomics application in the real
world. The reflective writing is meant to be open-ended and informal, yet creative.
The word count for the report must be approximately 1000 words. Details of the task and respective due date
are given below.
Task
1.
2.
Reflect on how these four concepts affect individuals, families, firms, governments and societies.
3.
Your reflection of each concept MUST be supported with a few appropriate examples.
(20 marks)
10
DIPLOMA IN BUSINESS
MICROECONOMICS (ECN40104)
GROUP ASSIGNMENT (AUGUST 2016)
Poster Titles
1.
2.
3.
4.
5.
6.
7.
8.
9.
11
Include your title, author(s), a selected references section (your most important 2-3 references), and
graphics - pictures, diagrams, figures, tables, etc. - these are usually more eye-catching and
understandable than text
Condense! You cannot possible present everything you know on the topic in that small space!!
o Include only your important points, and use bullets rather than a paragraph format; complete
sentences are not required
o The most common error is including too much information - RESIST!!
Use larger section headings to help the casual reader quickly understand the poster's organization
(e.g., Education, Treatment)
Make your poster visually attractive
Use PowerPoint or another computer program to create the poster - no handwriting. Make your
poster readable from 6 feet away (at least 20-point font for the text, at least 30-point font for the
headers and at least 75-point font for the title).
o This aspect of the project is definitely more art than science, so have some fun with it! Don't
be afraid to go outside the boundaries of your poster board.
o No typos or spelling errors.
Presentation Tips
During the poster presentation, you will stand next to your poster and provide a brief explanation of its
content to people who come by. You will also answer any questions they have about the topic. Here are
some tips:
If you dont know the answer to someone's question its ok to say you dont know. Keep the
conversation going, though - ignorance isnt fatal, but just letting it hang in the air is pretty
awkward. Instead, say "I don't know the answer to that - what do you think about it?"
Sometimes presenters make the mistake of hiding next to their poster. Even if you're terrified, act
confident and friendly: force yourself to smile, make eye contact, say hello, ask people walking by if
you can tell them a little about your poster
Dress professionally if you look professional, you are more likely to feel and act professionally
(e.g., better posture, better grammar).
o
Evaluation Criteria
Posters are worth 30%. The best presentations will:
include the appropriate information (e.g., title, author, content, relevant graphics)
be visually attractive and readable
include appropriate organization and level of details so the reader can quickly find and understand
the main ideas
demonstrate good public speaking skills
demonstrate the presenter's ability to professionally and knowledgeably discuss the topic and clearly
answer questions
DYSFUNCTIONAL GROUPS
If some members of the group do not contribute sufficiently or satisfactorily, all group members must see
the tutor immediately. The tutor reserves the right to reduce individual group member marks.
13
Week
Date
1 Aug
8 Aug
15 Aug
Lecture topic
5 Aug
12 Aug
19 Aug
Tutorial / Reading
No Tutorial
Tutorial 1
Assessment /
Key dates
Tutorial 2
Bade & Parkin (Ch.4)
22 Aug
26 Aug
29 Aug
2 Sept
Tutorial 3
Bade & Parkin (Ch.5)
Tutorial 4
Bade & Parkin (Ch.5)
5 Sept
9 Sept
Tutorial 5
12 Sept
16 Sept
Tutorial 6
Individual
assignment:
7 SEPT 2016
(WEDNESDAY), by
2.00pm
23 Sept
Tutorial 7
19 Sept
30 Oct
Tutorial 8
26 Sept
3 Oct
7 Oct
10 Oct
14 Oct
Tutorial 9
10
11
Tutorial 10
Bade & Parkin (Ch. 17 & 18)
12
17 Oct
21 Oct
13
24 Oct
29 Oct
Tutorial 11
FINAL EXAM
14
Group Poster
Presentation:
3 OCT-7 OCT
(MONDAY-FRIDAY)
INDIVIDUAL ASSIGNMENT
COVER SHEET
An Assignment cover sheet needs to be included with each assignment. Please complete all details clearly.
If you are submitting the assignment on paper, please staple this sheet to the front of each assignment. If you are submitting the assignment online, please ensure this cover sheet
is included at the start of your document.
Please check with your subject lecturer for assignment submission locations.
Name/s (Optional):
Student/s ID:
Programme : DIPLOMA
IN BUSINESS
ECN40104 / MICROECONOMICS
Assignment number:
Further Information: (e.g. state if extension was granted and attach evidence of approval and Revised Submission Date)
I have read and understood the Taylors University Regulations on cheating, plagiarism and collusion and state that this piece of work is my own and does not contain any
unacknowledged work from any other sources.
I authorise the University to test any work submitted by me, using text comparison software, for instances of plagiarism. I understand this will involve the University or its contractor
copying my work and storing it on a database to be used in future to test work submitted by others.
Note: The attachment of this statement on any electronically submitted assignments will be deemed to have the same authority as a signed statement.
Signed:
Date:
Received by:
15
ECN40104 Microeconomics
Individual Assignment (Reflective Writing) marking and feedback sheet.
Category
Description
Point
Value
Mechanics
Well written, clear organization, uses
standard English grammar, contains
minor, if any, spelling errors
MECHANICS
Evidence of Critical Thinking
Demonstrates excellent critical thinking and ability
Critical thinking includes application,
to apply concepts.
analysis, synthesis and evaluation.
Arguments are clear and show depth of Demonstrates adequate critical thinking and ability
insight into theoretical issues, originality of
to apply concepts.
treatment, and relevance. May include
unusual insights. Arguments are well
Demonstrates some critical thinking and application
supported.
of concepts
Shows minor or incorrect application of concepts
CRITICAL THINKING
Development of Ideas
Well-developed thoughts, ideas, and
details, which shows evidence of
reflection, new ideas, and grasp of
concepts.
Shows some evidence of reflection, but not welldeveloped; few new ideas introduced but reflects a
grasp of concepts presented.
DEVELOPMENT OF IDEAS
OVERALL TOTAL
16
Visual
presentation
(20%)
Demonstrates
reasonable knowledge
and understanding of the
topic. 3-4 examples of
products/firms/industries
are provided. References
are included.
Evidence of limited
knowledge of topic.
Fails to demonstrate a
basic understanding of
the topic. 1-2 examples
of
products/firms/industries
are provided. Poor
references/materials are
sourced directly from
lecture notes.
Poster is clearly
formatted and labeled.
Poster is missing
Poster is missing the
Poster is unprofessional
headings, but neatly and headings, but relevant to in appearance, but is
carefully organized.
topic and has been
relevant.
structured.
Poster is creatively
presented, follows a
pattern, is colorful, eyecatching and material
can be easily read/seen.
Occasionally shows
enthusiasm, can
communicate effectively
with a clear voice and
mostly correct
pronunciation. Most
parts of presentation can
be heard.
Lacks enthusiasm,
though can
communicate effectively
with low voice and some
incorrect pronunciations.
Difficult to hear
presentation.
Almost no enthusiasm
with some effective
communication.
Mumbles, incorrect
pronunciation and
speaks too quietly for
majority to hear.
Verbal Skills
(20%)
Student Name:
ID:
1.
2.
3.
4.
17
Total Points:
Total
Appendix 1
TAYLORS BUSINESS SCHOOL
DIPLOMA IN BUSINESS: SEMESTER AUGUST 2016
Name
Student ID
Signature
Date:
18