Saturday, 30 January 2016

NTU course modules review

This is my review of all of the modules that I took for Yr 1 Sem 1:

HE1001- Principles of Microeconomics (3AU)
Lecturer: Associate Professor Eko Riyanto
Tutor:      Ms. Jayasri Dutta

Course Assessment
Quiz 1                                   15%
Quiz 2                                   15%
Class Participation                10%
Final Examination                 60%

Principles of Microeconomics is 1 of the foundation courses taken by all yr 1 Economics students during semester 1. Prior economics knowledge is not required for this course but it is highly recommended to read up before hand if you do not have a background in economics as knowledge of key concepts such as demand and supply is the key foundation to fundamental concepts in this course. Being good at calculations (dealing with algebraic manipulation and basic calculus) is extremely useful for this course, especially dealing with utility and production functions. This course also introduces game theory applied in economics which I feel is very interesting (One can learn how to win games using backward induction and other sorts of techniques! :-)) Quite a few people might have the misconception that economics in university will be somewhat similar to JC economics (Essay based format) but this is certainly not true :/. Examination format is mostly in the form of short structured and calculation questions. The 2 quizzes given is in the form of 10 MCQ questions so in a way, one must be careful as getting even 1 question wrong will cost 1.5% of the entire grade O_O! For my year, finals was very calculation intensive(~80% of the paper is based on calculations imo.). A lot of people were thrown off guard with the rigorous algebraic manipulations. However, all in all, quite a manageable module if you do your tutorials consistently and clarify doubts with your teaching assistant. My lecturer is very detailed and dissects concepts meticulously. So if you manage to get him as your prof, try not to skip his lectures or at least his recorded lectures. My tutor is a nice lady who knows her material well. Not recommended as an extra elective unless you have prior economics knowledge. Note that the bell curve can be pretty steep too as most people taking this course has a background in economics. 



HE1002- Principles of Macroeconomics (3AU)
Lecturer: Assistant Professor Laura Wu Guiying
Tutor:      Loh Han Zhou Lyon

Course Assessment
Final examination:              60%
Tutorial presentation:         20%
Quiz:                                   10%
Participation:                      10%


Principles of Macroeconomics, like microeconomics, is a foundation module for economics students in year 1. But it has very weak ties with microeconomics (it is a whole different subject matter but some economic concepts do apply across disciplines.) Like microeconomics, being comfortable with basic algebra and basic calculus is important here. A background in economics will help greatly as well. For example, aggregate demand and aggregate supply are important concepts in this course so being familiar with such concepts will provide you with an advantage in understanding the various chapters in this module such as monetary and fiscal policies. I would say the most difficult part of this course is the chapter on money supply as it is difficult to understand how money supply can be altered without increasing it's physical form. There is only 1 quiz for this course which is a 10 question MCQ quiz .There is tutorial presentations so every week, every group will be assigned a question each week.and 2 team members will present their answers in front of the entire class (certainly a good way to train our presentation skills :p). Attendance is taken every tutorial with participation marks taking up 10% of the entire grade so it is extremely unadvised for one to skip tutorial as marks on presentation and participation will be lost. My tutor is very knowledgeable and experienced having worked in MAS before. He is also very approachable so it is easy to clarify any doubts we have. My lecturer is a very nice lady who constantly encourages us by giving inspirational quotes. She explains economic concepts well and always encourages us to clarify any doubts we have. She also posted the names of top scorers for the quiz and even offered to reimbursed us money we spent on coffee if we get an A for this mod O_O!!. I think she is joking but it sure was motivational :P.  Because of her excellent teaching methodology, this module is one of my favorite modules XD. The final paper set by her was also extremely manageable as it consisted of mostly tutorial questions that we have attempted before. But, it made the bell curve very steep though with every careless mistake being extremely costly. All in all, an very manageable module if one does all the tutorials and revise all the lecture notes and tutorials. Like HE1001. I wouldn't recommend it  as an extra elective unless you have prior economics knowledge.

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