Business Environment (ECO102)
Vietnamese title: Môi trường kinh doanh
Credits: 3

Description:
Objective:
The main Objective of The course is to improve economic literacy as well as critical thinking and problem solving skills to explain and predict economic issues
-Description:
Economics is The study of how The society manages its scarce resources. Economics has been divided into The subcategories of microeconomics and macroeconomics. While macroeconomics studies aggregate issues related to national and international economic activities, this course - microeconomics - focuses on The behavior of individual economic agents. microeconomics studies how households (or individuals), business (or firms, enterprises) and The government make decisions, given scarcity of resources. It also studies The interactions among those market members and how these interactions have impacts on their economic benefits and The economy. Because most of these activities occur in The markets, this course also focuses on how The markets work.

Learning outcomes:
Discuss the theory of supply and demand
Show self-reliance when working independently and collaboratively.
Demonstrate ethical awareness and reflection in business context.
Recognize the influences of market equilibrium and disequilibrium
Describe the theory of supply and demand in real-life scenarios
Identify the tools and strategies to understand supply and demand applications
Understand consumer and producer behavior
Understand macroeconomic variables
Analyze the influences of aggregate demand and aggregate supply
Understand how the government policies affect individuals, firms, and society.
Understand how the fiscal and monetary policies affect macroeconomy.

Student tasks:
+ Class attendance is strongly encouraged. Attend at least 80% of class hours in order to be accepted to the final examination
+ Read textbooks and other materials in advance before class
+ Access the course website (http://flm.fpt.edu.vn) for up-to-date information and materials of the course, for online supports from teachers and other students, and for practicing and assessment.
+ Actively participate in class activities
+ Complete all homework assignments and other tasks given by the instructor
+ Use personal laptop in class only for learning purposes
+ Don’t have private conversations or arrive at class late, which can disrupt the learning environment of the class

Tools:
Internet

Materials:
description: AE Principles of Economics
author: N. Gregory Mankiw
publisher: Cengage
published_date: 2020
edition: 9th
isbn: SBN-13: 9789814915342 | ISBN-10: 9814915343
note: Chọn một trong 3 quyển. Ưu tiên mua version mới nhất.
description: Principles of Economics (International Edition)
author: Mankiw, N. G.,
publisher: South-Western CENGAGE Learning
published_date: 2018
edition: 8th
description: Principles of Economics (International Edition)
author: Mankiw, N. G.,
publisher: South-Western CENGAGE Learning
published_date: 2012
edition: 6th
isbn: ISBN13 978-0-538-45342-4
description: Principles of Microeconomics (International Edition)
author: Mankiw, N. G.
publisher: South-Western Cengage Learning
published_date: 2009
edition: 5th
note: Sách nguồn mở

Assessments:
category: Class participation
type: on-going
weight: 10.0
question_type: CLO 10,11
note: in class, by instructor
category: Group assignment
type: on-going
weight: 30.0
duration: 30 min
question_type: CLO 1,2,3,4,5,6,7,8,9,10,11
no_question: Presentation and Q&A
knowledge_and_skill: 1,2,3 questions
grading_guide: Follow the instructor's guide
note: in class, by instructor
category: Individual assignment
type: on-going
weight: 20.0
duration: 3-4 days
question_type: CLO 1,2,3,4,5,6,7,8,9,10,11
no_question: Exercise
knowledge_and_skill: 4,5
grading_guide: Individual Assignment 1 covers chapters 1 to 6; Individual Assignment 2 covers chapters 7 to 12
note: Approach 1: homework exercises
Approach 2: constructive questions, guided by instructor
category: Quiz
type: on-going
weight: 10.0
duration: 30-45 min
question_type: CLO 1,2,3,4,5,6,7,8,9
no_question: MC
knowledge_and_skill: 20-30
grading_guide: Quiz 1 covers chapters 1 to 4; Quiz 2 covers chapters 5 to 8
note: in class, by instructor
category: Final Exam
type: Final exam
weight: 30.0
duration: 60 min
question_type: CLO 1,2,3,4,5,6,7,8,9
no_question: MC
knowledge_and_skill: 50
grading_guide: all chapters
note: by exam board,
using computer

Schedule:
session: Chapter 1: Principles of Demand and Supply: Definition of market
learning_outcomes: I
T
materials: ECO102_slide theo sylla from SU25_Chap 1-4
session: Chapter 1: Principles of Demand and Supply: Demand Curve
learning_outcomes: T
U
materials: ECO102_slide theo sylla from SU25_Chap 5 to 8
session: Chapter 1: Principles of Demand and Supply: Supply Curve
learning_outcomes: T
U
materials: ECO102_slide theo sylla fromSU25_chap 9 to 12
session: Chapter 1: Demand curve: Factors affecting Demand Curve
learning_outcomes: T
U
session: Chapter 1: Principles of Demand and Supply: Factors affecting Supply Curve
Practice
learning_outcomes: T
U
session: Chapter 2: Price elasticity of Demand: Definition and formula
learning_outcomes: T
U
session: Chapter 2: Factors affecting price elasticity of demand
learning_outcomes: T
U
session: Chapter 2: Implication of price elasticity of demand
learning_outcomes: T
U
session: Chapter 2: Price elasticity of Supply
learning_outcomes: T
U
session: Chapter 3: Price ceiling/ Price floor
learning_outcomes: T
U
session: Chapter 3: Tax
learning_outcomes: T
U
session: Chapter 3: Market efficiency
learning_outcomes: T
U
session: Chapter 3: Consumer surplus, Producer Surplus, Total surplus
learning_outcomes: T
U
session: Chapter 3: Deadweightloss
learning_outcomes: T
U
session: Chapter 4: Budget constraint
learning_outcomes: T
U
session: Chapter 4: Indifference curve
learning_outcomes: T
U
session: Chapter 4: Optimal Bundle
learning_outcomes: T
U
session: Practice
learning_outcomes: U
session: Quiz 1
learning_outcomes: U
session: Handout of Individual Assignment 1 (chapters 1- 6)
Chapter 5. Producer decision: production cost
learning_outcomes: U
session: Chapter 5: Marginal product of labor, catchup effect, FC, VC, TC
learning_outcomes: T
U
session: Chapter 5: AFC, AVC, ATC. Practice
learning_outcomes: U
session: Practice
learning_outcomes: slide and textbook
session: Chapter 6. Producer decision: Competition
① Profit maximization, 2: market structure; 3: perfect vs imperfect competition
learning_outcomes: T
U
session: Perfect competition
learning_outcomes: T
U
session: Imperfect competition: Monopolistic competition
learning_outcomes: T
U
session: Imperfect competition: Oligopoly
learning_outcomes: T
U
session: Chapter 7. Measuring National Income; 1:Economic income and expenditure, 2: GDP definition and measurement
learning_outcomes: T
U
session: Components of GDP
learning_outcomes: T
U
session: Practice
learning_outcomes: U
session: Chapter 8. Inflation and Unemployment, ① Consumer price index (CPI), "- How the consumer price index is calculated
- Inflation rate
learning_outcomes: T
U
session: ② Correction of economic variables for the effect of inflation; - Dollar figures from different times', '- Fisher effect: real interest rate and nominal interest rate
learning_outcomes: T
U
session: ③ Unemployment rate
'- Working-age population and labor force
- Measuring unemployment rate
learning_outcomes: T
U
session: Submission of Individual Assignment 1
Practice
learning_outcomes: U
session: Quiz 2 (chapters 5, 6, 7, and 8)
Handout of Individual Assignment 2 (chapters 7-12)
learning_outcomes: U
session: Chapter 9: Financial system: interest rate, Saving and Investment; -          Financial market (bond, stock)/ financial intermediary
learning_outcomes: T
U
session: `- Interest rate; -          Saving: supply curve
learning_outcomes: T
U
session: `-   Investment: demand curve, saving investment equilibrium
learning_outcomes: T
U
session: Chapter 10: Money Supply, Money Demand; -          Money Supply: Regulated by the Central Bank using OMO
learning_outcomes: T
U
session: - Quantity theory: MV = PY
learning_outcomes: T
U
session: Money Demand: Definition; Factors affecting Money Demand (Y,r, P), liquidity preference theory
session: Practice
learning_outcomes: U
session: Chapter 11: AD – AS
learning_outcomes: T
U
session: -          AD curve. Why AD curve slopes downward
-          LRAS curve: Yn = A F(L, H, K, N)
learning_outcomes: T
U
session: -          SRAS curve: sticky wage
-          General equilibrium
learning_outcomes: T
U
session: -          Shocks to the equilibrium
learning_outcomes: T
U
session: -          Return to equilibrium
-          Stagflation
learning_outcomes: T
U
session: Chapter 12: Monetary and fiscal policy
learning_outcomes: T
U
session: -          Expansionary/contractionary monetary policy
learning_outcomes: T
U
session: Expansionary/contractionary fiscal policy: multiplier/crowding out effect
learning_outcomes: T
U
session: Practice
Submission of Individual Assignment 2
learning_outcomes: U
session: Practice
learning_outcomes: U
session: Practice
learning_outcomes: U
session: Practice
learning_outcomes: U
session: Group Presentation
learning_outcomes: U
session: Group Presentation
learning_outcomes: U
session: Group Presentation
learning_outcomes: U
session: Group Presentation
learning_outcomes: U
session: Group Presentation
learning_outcomes: U
session: Course Review
learning_outcomes: U