COMPETENCY BASED STUDY ACTIVITY (CBSA)

DocumentNo. :
RevisedNo. : GeneralLearningOutcomes(GLO)
Subject : EconomicsTheory Understandandabletoimplicationmicroeconomicsandmacroeconomicsinseveralscases/phenomenas.Micreconomics:thestudyofhowhouseholdsandfirmsmakedecisiona
SubjectCode : M41007 interactinmarkets.Macroeconomics:thestudyofeconomywidephenomena,includinginflation,andeconomicgrowth
StudyProgram : Accounting&Management
Semester : 2
Credits : 3SKS
Media : Whiteboard
LCDProjector
Video&Audiovisuals(CD,Cassette,etc)

Method Assessment
Competency Meetings SubCompetency Materials Lecturer Student Assignments References Indicator
1 2 3 4 5 6 7 8 9
1 Studentabletodescribeprinciplesofmicroeconomicsand tenprinciplesofeconomics
macroeconomics,theeconomicproblem
microeconomicsandmacroeconomics
threebigmicroeconomicsquestions
threebigmacroeconomicsquestions
Studentabletodescribe productionpossibilitiesandopportunitycost Parkin(Ch1,2) Studentabletodescribe
facilitator,givingexamplecase discuss,participation,exercisecase page8,14,39
principlesofeconomics economicgrowth Mankiw(Ch1) principlesofeconomics
themarketconomy

2 Studentabletodescribedemandandsupply,elasticity marketsandprices
demandandsupply
marketequilibrium
priceelasticityofdemand
Studentabletodescribedemand moreelasticitiesofdemand Studentabletodescribe
facilitator,givingexamplecase discuss,participation,exercisecase page69,88,94 Parkin(Ch3,4)
andsupply,elasticity elasticityofsupply demandandsupply,elasticity

3 Studentabletodescribeefficiencyandequity,marketinaction efficiency
value,price,andconsumersurplus
cost,price,andproducersurplus
Studentabletodescribe efficiencyofcompetitiveequilibrium Studentabletodescribe
efficiencyandequity,marketin thelabormarketandtheminimumwage facilitator,givingexamplecase discuss,participation,exercisecase page103,105,128 Parkin(Ch5,6) efficiencyandequity,market
action taxes inaction
stabilizingfarmrevenues

4 Studentabletodescribeutilityanddemand,possibilities, maximizingutility
preferences,andchoices
predictionsofmarginalutilitytheory
efficiency,price,andvalue
consumptionpossibilities
Studentabletodescribeutility Studentabletodescribeutility
indifferencecurve
anddemand,possibilities, facilitator,givingexamplecase discuss,participation,exercisecase page155,161,178 Parkin(Ch8,9) anddemand,possibilities,
predictingconsumerbehaviour
preferences,andchoices preferences,andchoices

5 Studentabletodescribeoutputandcosts decisiontimeframes
shortruntechnologyconstraint
shrotruncost
longruncost
Studentabletodescribeoutput calculateTC,FC,VC,ATC,AFC,AVC,MP,andMC Parkin(Ch11) Studentabletodescribe
facilitator,givingexamplecase discuss,participation,exercisecase page218,223,227
andcosts Mankin(Ch13) outputandcosts
 6 Studentabletodescribeperfectcompetitionandmonopoly
Studentabletodescribeperfect
competitionandmonopoly
7 Studentabletodescribemonopolisticcompetitionandoligopoly
Studentabletodescribe
monopolisticcompetitionand
oligopoly
8 StudentabletomeasuringGDPandeconomicgrowth
StudentabletomeasuringGDP
andeconomicgrowth
9 Studentabletodescribeaggregatesupplyandaggregatedemand
Studentabletodescribe
aggregatesupplyandaggregate
demand
10
Studentabletodescribefinance,
investment,andsaving
11
Studentabletodescribe
economicgrowth
competition
profitmaximizationandthecompetitivefirm'ssupplycurve
output,price,andprofitinperfectcompetition
competitionandefficiency
Studentabletodescribe
howmonopolyarises Parkin(Ch12,13)Mankiw
facilitator,givingexamplecase discuss,participation,exercisecase page235,241,263 perfectcompetitionand
howmonopoliesmakeproductionandpricingdecisions (Ch14,15)
monopoly
pricediscrimination
monopolypolicyissues
betweenmonopolyandperfectcompetition
competitionwithdifferentiatedproducts
outputandpriceinmonopolisticcompetition
oligopolygames
Studentabletodescribe
marketswithonlyafewsellers Parkin(Ch14,15)
facilitator,givingexamplecase discuss,participation,exercisecase page281,284 monopolisticcompetitionand
theequilibriumforanoligopoly Mankiw(Ch16,17)
oligopoly
MidTest
grossdomesticproduct
thecomponentsofGDP
realGDPandthepricelevel
measuringeconomicgrowth
Parkin(Ch21)Mankiw StudentabletomeasuringGDP
facilitator,givingexamplecase discuss,participation,exercisecase page438,447
(Ch23) andeconomicgrowth
aggregaresupply
aggregatedemand
macroeconomicequilibrium
Studentabletodescribe
facilitator,givingexamplecase discuss,participation,exercisecase page480,484,489 Parkin(Ch27) aggregatesupplyand
aggregatedemand
Studentabletodescribefinance,investment,andsaving financialinstitutionsandfinancialmarkets
investmentdecisions
savingdecisions
theroleofgovernment
savingandinvestmentinthenationincomeaccount Parkin(Ch24) Studentabletodescribe
facilitator,givingexamplecase discuss,participation,exercisecase page528,541
Mankiw(Ch26) capital,investment,andsaving
Studentabletodescribeeconomicgrowth thecausesofeconomicgrowth
growthaccounting
growththeories
Studentabletodescribe
facilitator,givingexamplecase discuss,participation,exercisecase page550,552,563 Parkin(Ch23)
economicgrowth
 12 Studentabletodescribefiscalandmonetarypolicy Howmonetarypolicyinfluaenceaggregatedemand
Howfiscalpolicyinfluencesaggregatedemand
fiscalpolicymultipliersandthepricelevel
monetarypolicy,realGDP,andthepricelevel
Studentabletodescribefiscal Parkin(Ch30,31) Studentabletodescribefiscal
facilitator,givingexamplecase discuss,participation,exercisecase page619,661
andmonetarypolicy Mankiw(Ch34) andmonetarypolicy

13 Studentabletodescribemoneyandinflation depositoryinstitutions
howbankscreatemoney
money,realGDP,andthepricelevel
demandpullandcostpushinflation
Studentabletodescribemoney effectofinflation Parkin(Ch25) Studentabletodescribe
facilitator,givingexamplecase discuss,participation,exercisecase page632,635,683
andinflation TheCostofInflation Mankiw(Ch30) moneyandinflation

14 Reviewmaterialbeforefinaltest
FinalTest

References: Parkin,Michael,(2010),Economics,10thedition,Pearson
Mankiw,(2008),PrinciplesofEconomics,5thedition,SouthWesternCengageLearning
andhowthey

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