A study of the fundamental economics theory that covers both Micro
and Macroeconomics. Topics include the demand and supply model
which includes individual consumer and producer theory; models of
market structure such as perfect competition, monopolistic
competition, oligopoly and monopoly; national income; aggregate
supply and demand; money and banking; inflation and
unemployment; and the effectiveness of the monetary and fiscal policy.
Understanding the concepts and language of accounting is vital for communication, monitoring, and resource allocation. It provides a broad view of how accounting contributes to an organization and how managers can make optimal use of accounting information, accounting records and systems, and accountants as internal resources. Students learn to understand both the complexities of determining and using information and the power of measurement in coordinating, motivating, and evaluating the activities of employees and managers. They will become familiar with how modern accounting and control theory are used to evaluate economic conditions and to make organizational decisions. The course uses a case-oriented approach to examine an organization's accounting and financial strategy. Emphasis is placed on the uses and limitations of accounting data available to managers, including basic concepts and accounting principles related to financial reporting and control. At the end of the course, students should be able to interpret and appreciate accounting information for sound decision making.
This course is designed to provide students with the ability to manage international business operations especially in the context of Malaysia's globalization drive. The course begins by discussing the changing economic, social and political environments within which international transactions are conducted, and how they affect the international competitiveness of an organization. It then moves on to examine specific strategies, structures, and operational policies that firms need to adopt in order to survive and prosper in that international conditions. Topics include the globalization of markets and production; multilateral and regional trade agreements; international economic, cultural, social and political developments; the evolution of the international monetary system; the changing nature of international business operations; and the managerial implications for business strategies and structures for competing in the global marketplace.