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Course Name (English)
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ECONOMICS FOR BUSINESS AND MANAGEMENT
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| Course Code |
ECO558 |
| Course Description |
The subject combines economic theories with the tools of mathematics and statistics in the decision making process. Economics for business and management focus on the use of microeconomics principles such as supply and demand, elasticities, resource allocation, diminishing returns, economies of scale and pricing strategies, as important tools of analysis for managerial decision makers.
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| Transferable Skills |
Reflective Learner |
| Teaching Methodologies |
Lectures, Lab Work, Discussion |
| CLO |
| CLO1 |
Assess managerial economic problems in decision-making (PLO1) |
| CLO2 |
Analyze managerial concepts in organization decision-making (PLO2) |
| CLO3 |
Display skills in using software (Eviews/SPSS) related to managerial economics. (PLO3) |
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| Pre-Requisite Courses |
No course recommendations |
| Reading List | | Recommended Text | - Ma'in, M., Mohamad Arshad, A., Mohd Aminuddin, Z., Asmuni, S. & Kaur, G. 2022, Managerial Economics, 2 Ed., 9, MLSCA ASIAN ACADEMY , Selangor [ISBN: 9789671300381]
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| Reference Book Resources | - Kaur, G., Ma'in, M. & Lian, N. P. 2021, Economics For Business and Management, 1 Ed., 9, MLSCA ASIAN ACADEMY Selangor
- Hirschey, M & Bentzen, E. 2016, Managerial Economics, 14 Ed., Cengage Learning
- Keat P.G. & Young P.K.Y. 2014, Managerial Economics: Economic Tools For Today’s Young Decision Makers, 7 Ed., Prentice Hall
- McCann, B., Froeb, K. M., Shor, M. & Ward, M. 2015, Managerial Economics, Cengage Learning.
- Perloff, J. M. & Brander, J. A. 2016, Managerial Economics and Strategy, 2 Ed., Pearson Education
- Salvatore D. 2015, Managerial Economics in a Global Economy, 8 Ed., Oxford Univeristy Press
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| Article/Paper List | This Course does not have any article/paper resources |
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| Other References | This Course does not have any other resources |
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