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Learning Guide
Dr. ANH Nguyen
January 2023
ECONOMICS FOR BUSINESS
QUARTER 1 2023
Email: hoanganh.nguyen@isb.edu.vn
Lecturer
Depending on the course, Co-lecturer/Tutor could be assigned if
necessary.
Ms. Vy Nguyen
Student Advisor 41-43 Vo Van Tan street, District 3, Ho Chi Minh City
Unit overview
This unit presents a broad overview of economics and the way economic activity, institutions and regulations
shape social and business outcomes, knowledge that is critical for any student in a business-related discipline.
Students will reflect critically on the key economic processes, theories and ideas. We study the way economists
analyze the economy and various economic phenomena including economic growth, unemployment, inflation
and the balance of payments. A basic premise of the course is that there is no one economics but rather a
number of competing views. Hence in explaining the fundamentals of contemporary economic thinking the
approach adopted will necessarily be comparative.
Pre-requisites
None
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ECONOMICS FOR BUSINESS
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Assessment information
3 Discuss the effects of fiscal and monetary policies in the global context.
Analyze how macroeconomic models of open economies can be usefully applied to international
4
macroeconomic phenomena.
Apply the macroeconomic dynamics in the Vietnamese economy in the context of the operation of
5
the global economy.
Demonstrate the ability to direct their own learning and independently choose appropriate problem-
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solving strategies.
Demonstrate the ability to lead and productively participate in group work to achieve a common goal
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or solution.
Assessment summary
LEARNING
NO. ASSESSMENT VALUE (/100)
OUTCOMES
Note: Before you receive your results for each piece of assessment they may be moderated.
Moderation is a process whereby the unit coordinator regulates the marking of individual markers to
achieve consistency in the application of unit objectives, performance standards an d marking
criteria. Marks for an individual piece of assessment will not be changed after you have your mark
or grade. You should note that, consistent with the Criteria and Standards Based Assessment policy,
the final marks for the cohort may be also adju sted if results are very high or low or there are
inconsistencies between groups.
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▪ Complete all assessment items (including making a satisfactory contribution to group work)
▪ Due: each week. A soft copy must be submitted onto E-learning site by the due date.
▪ The purpose of this assessment is to evaluate the ability of students to apply economic principles and
theories to analysing practical problems.
Details
Students will be given a question each week and will submit the answer in the following week. The answers
should not exceed 500 words per question.
REQUIREMENTS
Your answer, application or critical reflection should include a thesis statement that
answers or responds to the topic by giving your position, or stating your argument, clearly
Thesis statement
and concisely. The thesis statement tells the reader what to expect from the rest of your
written work and should relate to the theory discussed in the lectures.
The thesis statement should be followed by a coherent and logically argued defense of the
Body
statement.
Ensure that your writing is as clear, concise and precise as possible. Ensure that you
proofread your writing and that it is free from spelling and grammatical errors. You will lose
Academic writing
marks for poor spelling and grammar and for blogs that have not been adequately
proofread and edited.
Word limit 500 words for each question.
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ECONOMICS FOR BUSINESS
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Details
Topics are to be announced during the course at the appropriate time. Groups will work on
developing an outline of the essay as a whole and identifying key issues that require addressing.
Students are required to submit the soft copy of the report onto E -learning system by the due
date. A group cover sheet is required.
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The purpose of the conclusion is to draw the main arguments and concepts of your essay
together and to show how these arguments and ideas support your essay’s thesis.
Therefore, the main features of a conclusion include:
1. A summary that briefly restates the main issues or arguments covered in the body of the
Conclusion essay.
2. A thesis restatement that shows how the main arguments or issues discussed confirm
your position.
A conclusion should not introduce any new idea or draw conclusion that are not supported
by the body of the essay.
The Bibliography should include academic articles and data sources. Please ensure to
Bibliography/
include the full reference/links and the date that you accessed the sites/ data bases. Your
references
reference list will be consistently formatted and will use the APA referencing style.
Ensure that your writing is as clear, concise and precise as possible. When writing your
essay, use simple English to express your ideas where possible. Avoid using “big” words
or flowery language. Instead try to write clearly by using simple language and sentence
structures to express complex ideas, and incorporate specialized or technical terminology
when it’s needed.
Qualify your statements to ensure they are reasonable and express precisely what you
Academic writing mean. Avoid making sweeping statements or unwarranted generalizations. When evidence
could be interpreted in many ways, phrases such as “arguably”, “the evidence suggests”,
“it seems” and “it is likely” can be used to modify, limit or adjust your claims so that they
are more correct.
Ensure that you proofread your writing and that it is free from spelling and grammatical
errors. You will lose marks for poor spelling and grammar and for essays that have not
been adequately proofread and edited.
Word limit +/- 10% of 2,500 words
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The final examination is intended to assess students on learning outcomes 1 to 5 and to test their understanding
of microeconomic and macroeconomic theories and the application of these theories.
Details
The examination is a closed- book examination. The duration of the examination is two hours (includes reading
time) and details of the examination will be provided to students during the course. The type of questions will
include questions that require a diagrammatic illustration, multiple choice questions and/or short answer
questions, which may or may not be numerical. Any calculator which has the primary function of a calculator is
allowed in the exam. For example, calculators on mobile phones or similar electronic devices are not allowed.
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Late submission
A student who submits a late assessment will be penalised by 10 per cent per day up to 10 days i.e.
marks equal to 10 per cent of the assignment’s worth will be deducted as a “flat rate” from the mark
awarded. For example, for an assignment with a poss ible highest mark of 50, the student’s awarded
mark will have five marks deducted per late day. Saturday and Sunday count as one day each.
Assessments will not be accepted after the marked assessment task has been returned to students
who submitted the task on time except where compulsory items of assessment must be submitted.
An assessment submitted at any time after the due time on the due date will be deemed to be a late
submission and late submission penalties will accrue immediately from the due time and date.
Special Consideration
Special Consideration may be given to students whose performance during the teaching session, in
an assignment or in an exam has been affected by serious misadventure, accident or extenuating
circumstances beyond their control. Applying for and receiving special consideration means that
those circumstances are taken into account when we calculate your grade. Students can apply for
all types of Special Consideration online using the Special Cons ideration & Deferred Exam Form. All
applications for Special Consideration must contain appropriate supporting documentation to
substantiate the circumstances that are impacting on your studies. Applications without supporting
documentation will not be considered.
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Teaching activities
1.
Topic: Business and markets
Baye & Prince, Chapters 2 –
Sat, 07 Jan. The topic looks at the operation of markets. It covers 3
Dr. ANH Nguyen
supply and demand analysis and examines the
(17:30 – 20:30)
importance of the concept of elasticity for business Mankiw, Chapters 4 - 7
D303* decisions.
2.
Topic: Production and costs
Sun, 08 Jan. The topic reviews of the short-run and long run Baye & Prince, Chapter 5
Dr. ANH Nguyen
production and cost curves. The topic focuses on the
(09:00 – 12:00) Mankiw, Chapter 13
relationship between the quantity that businesses
D303 produce and their costs, revenue and profits.
3.
Topic: Managerial decisions Baye & Prince, Chapters 8 –
Sun, 08 Jan.
The topic presents the traditional analysis of market 10
Dr. ANH Nguyen
(13:30 – 16:30) structures and the implications that such structures
Mankiw, Chapters 14 - 17
have for business conduct and performance.
D303
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7.
Topic: Financial crises Mishkin, Chapter 9
Sat, 11 Feb.
Dr. ANH Nguyen Finance is not merely prone to crises, it is shaped by
them. The topic looks at some past financial crises to Baumol, Blinder & Solow,
(17:30 – 20:30)
see how aspects of today’s financial system originated Chapter 14
D303 and offer lessons for today’s decision makers.
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ECONOMICS FOR BUSINESS
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Final Exam
Sat, 25 Feb.
Final Exam
PSO
(14:00 – 16:00) 120 minutes
TBA
*Room D104 is located on the 1st floor and room D303, 3rd floor, No. 196 Tran Quang Khai Street,
Tan Dinh Ward, District 1.
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ECONOMICS FOR BUSINESS
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Learning resources
Essential reading
Michael Baye, Jeff Prince (2020), Managerial Economics & Business Strategy 10th
Edition, McGraw Hill
Mishkin (2021), The Economics of Money, Banking, and Financial Markets, 13th
edition, Pearson
You are encouraged to read the business – related articles, such as those on Wall
Street Journals, Economist... We will discuss articles from these sources
throughout the term. You are encouraged to bring to the attention of the class any
Recommended
information discovered from reading these publications
readings
Refer to the E-Resources page for Management at:
http://subjectguides.library.uws.edu.au/management
Online resources
https://smartlib.ueh.edu.vn/
E-library Username and Password will be the same with your PSO email account.
Brief instructions HERE
E-learning https://learn.pso.edu.vn/
QUARTER 1 2023
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The better prepared you are before each session the greater the learning value due to more focused
questions and discussions. In addition, reflecting on what you have learned is an important process for
you to confidently apply your newly learned skills.
Therefore, in order to gain the most learning value from the synergistic relationship between your support
materials and your specific unit material it is highly recommended you follow these steps for each session:
Read the support materials, notes and answer any given questions or problems.
Before each
Pre-read your instructor’s lecture notes for more detailed comprehension.
session
Follow any other learning leads from your Instructor including the Elearning site.
Enthusiastically participate in the “activities” guided by your instructor.
Contribute to each session with focused questions and discussions.
During each
Attempt any questions and problems shown in your session.
session
Identify clearly what you know and what you don’t know.
Ask your instructor about any questions or problems from this or any session.
Attempt any questions and problems advised by your instructor.
Reflect in action (while doing these questions and problems).
After each
Review the worked solutions to questions and problems.
session
Reflect on action (after you have done these questions and problems).
Identify clearly what you know and what you don’t know.
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Student Pay attention in lectures and tutorials – these provide key information for all
conduct and examinable material.
behaviour Do not use mobile phones during the lecture and tutorials and do not have ongoing
conversations with fellow students during the lecture or if another student is
presenting work in the tutorials.
Please use electronic devices for taking notes only, not surfing the net or checking
email.
Use Elearning discussion boards constructively – they are there for interaction
between the students and between teaching staff and the students. Unfounded
criticisms will be removed from the relevant discussion board.
If issues arise with other students, or teaching staff, please see the unit coordinator
in the first instance rather than broadcasting your c oncerns in a public forum.
Email etiquette
Your teachers receive many emails each day. In order to enable them to respond to your emails
appropriately and in a timely fashion, students are asked to follow basic requirements of professional
communication. Firstly, all emails should have a concise and descriptive title, including the class and
name of the unit you are enquiring about as your teacher may be teaching more than one unit/class.
Students need to be clear about the intention of their emails, use appropriate tone and language, proof -
read what is written in the email before sending it. Students should also allow 3-4 working days for a
response before following up. If the matter is legitimately urgent, you may indicate this in the email subject
header but be sure that the email does require an immediate response before using this strategy. If your
email request is complex and requires a lengthy response it may be probably best to make an appointment
with your teacher to meet in person.
Disability support services
Students with disabilities are advised that accommodations and services are available at UEH -ISB. It is
the student's responsibility to contact UEH -ISB office and submit appropriate documentation prior to
receiving such services.
Additional information
This unit guide may be revised at the discretion of the Unit Coordinator with approval from Program
Academic Director and School Academic Committee where appropriate.
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In particular, it is essential that you are familiar with the student misconduct rule and how to avoid
misconduct of any type. Breaches of this policy can have very serious consequences. Your lecturers can
help you with referencing and academic writing and plagiarism. If you are unsure about any of your work,
you should also ask your tutor or lecturer for advice and feedback.
Raising concerns
If you have a concern about this unit please contact your lecturer or tutor in the first instance. If the
matter is not resolved, then you may contact the Student Advisor (see inside front cover). If you would
prefer to speak to someone else, you are advised to contact the Academic Program Di rector to investigate
and to respond to you.
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