1. NAME OF COURSE  / MODULE MALAYSIAN ECONOMICS
2. COURSE CODE MEA3023
3. NAME(S) OF ACADEMIC STAFF  
4. RATIONALE FOR THE INCLUSION OF THE COURSE/MODULE IN THE PROGRAMME This course is a foundation for students to understand the basic structure of the Malaysian economy, its transformation over time and the factors that drive the transformation viz. internal and external factors and the role of government policies.
5. SEMESTER & YEAR OFFERED Semester 6 / Year 3 & Semester 7 / Year 4
6. TOTAL STUDENT LEARNING TIME (SLT)

 

 

Face to face:

L T P O
28 26 5

L=lecture ; T=Tutorial; P=Practical; O=Others (Exam)

Total Guided and Independent Learning:

120
7. CREDIT VALUE 120/40= 3.00 (3 credit); 2+2
8. PREREQUISITE (IF ANY) NIL
9. OBJECTIVES 1. Explain and apply economic concepts and principles to analyse problems faced by the Malaysian economy.

2. Identify and analyse the factors that influence socio-economic status

3. Evaluate fiscal and monetary policies

10. LEARNING OUTCOMES At the end of the course, learners will be able to:

1. Explain the phases/stages of development of the Malaysian economy since Independence (LO1, C2)

2. Explain the circular flow of income and the three approaches to measure national income using the circular flow diagram (LO2, P2)

3. Give the rationales for the shift in government policies and strategies (LO7, LL2)

11. TRANSFERABLE SKILLS Enhance the ability of students to understand the structural transformation of the Malaysian economy through a process of lectures, tutorials, class presentations, economics debates, forums and preparation and presentation of group assignment.
12. TEACHING-LEARNING AND ASSESSMENT STRATEGY Teaching-learning strategy:

  • The course will be taught through a combination of formal lectures, class presentations, economics debates, group work, using authentic materials, informal activities and various textbooks. Collaborative teamwork will be fostered throughout the course. The use of examination and internal reporting assessment will assess the student’s ability to apply theoretical concepts correctly.

Assessment strategy:

  • Formative
  • Summative
13. SYNOPSIS This course will discuss the structure of the Malaysian economy giving emphasis on the historical developments, economic problems faced and the development plans implemented. This course enables students to apply the concepts and basic economic principles learned in Business Economics and also to appreciate macroeconomic concepts such as economic growth, inflation, balance of payments and balance of trade. Basic Islamic Economics concepts will also be applied. The course will be conducted through lectures and discussions, forums and debates during tutorial classes.
14. MODE OF DELIVERY Lectures and tutorials (SCL)
15. ASSESSMENT METHODS AND TYPES
Component %
Continuous Assessment 40
Final examination 60
Total 100
16. CONTENT OUTLINE OF THE COURSE/MODULE AND SLT PER TOPIC
TOPIC Lecture Tutorial Test/Quiz/Exam Assignment Assessment(Library Search) Self-study Total
 Introduction to the Malaysian macroeconomy 4 4 6 14
Macroeconomic overview, Macroeconomic overview (continuation), Macroeconomic overview (continuation) 6 6 9 21
Income distribution in Malaysia, Agricultural Development, Perkembangan Industri di Malaysia 6 6 9 21
Population Structure, Labour Force and Employment 2 2 3 7
Financial Crisis 4 4 6 14
Globalisation and its challenges, Optimum Currency Area, Revision 6 6 9 21
Continuous Test/Quiz/Assessment 2 6 4 12
FINAL 3 9 9
TOTAL 28 26 5 6 13 42 120
17. REFERENCES Main references:

1. Rajah Rasiah (ed.) (2011) Malaysia Economy: Unfolding Growth and Social Change. Kuala Lumpur: Oxford Fajar     Sdn Bhd.

2. Poon Wai Ching.  2008.  Malaysian Economy.  Second Edition, Pearson Prentice Hall, Selangor Malaysia

Additional references:

1. Ministry of Finance, Economic Report 20012/2013

2. Bank Negara Malaysia Annual Report 2013

3. Case, K.E. & Fair, R.C 2004.  Principles of Economics.  7th Edition, Prentice Hall

4. H. Osman Rani. 2007. Encyclopedia Malaysia – The Economy. Volume 13. Didier Millet Pte.

 

Mapping of the course/module to the Programme Learning Outcomes

TOPIC

Contact hours (week)

Lesson Learning Outcome

(Students are able to…)

CLO KI Teaching & Learning Activities Assessment Tasks
Introduction to the Malaysian macroeconomy- 

Structure of the economy (primary, secondary, tertiary):

  • Contribution of each sector to GDP, GNP
  • Historical development aspects of the Malaysian economy and economic development plans
  • The New Economic Policy (1971 – 1990) – objectives, strategies and evaluation
  • National Development Plan (1991-2000)
8 1.     Identify primary, secondary and tertiary structure of the economy

2.     Identify the contribution of each sector to GDP

3.     Explain the historical development and economic development plan of Malaysian economy

LO1

LO2

o Lecture

o Library Search Qur’an)

· Feedback on library search
Macroeconomic overview

  • National income accounting
  • Determination of national income equilibrium

Macroeconomic overview (continuation)

  • The government sector
  • Types of budgetary policies
  • Fiscal policies

 Macroeconomic overview (continuation)

  • Inflation, formula and calculation of.
  • Monetary policy
  • International trade
  • Balance of payments
12 1. Draw circular flow of income

2. Calculate the three different types of national income equilibrium

3. Explain monetary policy and fiscal policy

LO1

LO7

LL2 o Lecture

o Tutorial activity – exercises

· Feedback on tutorial activity
Income distribution in Malaysia

  • Definition
  • Income distribution by ethnic groups, sector

Agricultural Development

  • Objektif dan rasional pembangunan     pertanian
  • Masalah-masalah sektor pertanian
  • Pelan-pelan pembangunan pertanian
  • Peranan institusi dan agensi pertanian

Perkembangan Industri di Malaysia

  • Pelan-pelan pembangunan perindustrian
  • Kesan globalisasi ke atas industri automotif negara
12 1. Discuss the process by which individuals assign meaning to environment stimuli

2. Translate self-concepts into daily behavior

 

LO1

LO2

o Lecture

o Tutorial activity – exercises

 

·  Feedback on tutorial activity
 Population Structure, Labour Force and Employment

  • Population structure
  • Labour force, employment and unemployment
  • 70 million population policy
4 1. Analyse the stages of the process of problem recognition

2. Examine the alternative evaluation and selection process

3. Discuss after purchase behavior in the decision process.

LO1

LO2

o Lecture

o Tutorial activity – exercises

 

·  Feedback on tutorial activity
Financial Crisis

  • Malaysian economy’s fundamentals before the 1997 financial crisis
  • Reasons/factors causing the financial crisis
  • Steps to revive the economy
  • The global financial crisis 2008/09
8 1. Differentiate the decision process made by individual as a group

 

LO1

LO2

o Lecture

o Article searching via internet / library

·  Feedback on article searching
Globalisation and its challenges

  • GATT & WTO
  • Currency (  Currency Band
  • Optimum Currency Area
12 1. Explain what is globalization and its effects

2. Explain currency band.

LO1

LO2

o Group active reading

o Preparation of concept map

o Presentation

o Group active reading

o Preparation of concept map

·  Presentation