1. Dewey International University
Subjects:
Introduction to Economics
Dr. Sou Veasna (ស៊ូ វាសនា)
Tel:

2. Diploma Degree:

3. Bachelor Degree:
Economic Analysis,

4. ACLEDA Bank
District Team Leader,

5. National Cheng Kung University, Taiwan
IMBA & PhD
National Cheng Kung University, Taiwan

6. Golden Beach, Tainan, Taiwan (14-Feb-2013)

7. Bali, Indonesia (August-2013)

8. Angping, Tainan, Taiwan (September, 2013)

9. Angping, Tainan, Taiwan (September, 2013)

10. Angping, Tainan, Taiwan (September, 2013)

11. Couse Syllabus Subject: Introduction to Economics
Credit: 3 credits and 45 hours
Grading and Class evaluation
Class participation: 15%
Homework/Assignment/Quiz 15%
Mid-term exam 25%
Final exam %
_________________________________
100%

15. Chapter 1-Introduction to Economics

16. Why Study Economics?
There are four main reasons to study economics (Case et al., 2012):
to learn a way of thinking
to understand society and social-welfare,
to understand global economic perspectives, and
to be an informed individual and public organizations and societies.

17. To learn a way of thinking
Opportunity Cost—is the highest-valued alternative that must be sacrificed in order to get something else.

18. Marginal Cost
the increase in total cost that results from carrying out one additional unit of an activity
𝑴𝑪= ∆𝑻𝑪 ∆𝑸 = 𝑻𝑪𝟐−𝑻𝑪𝟏 𝑸𝟐−𝑸𝟏

19. Definition of economics
Economics is the study of how individual people and societies allocate the scarcity resources to satisfy unlimited wants (Brue, McConnell, Flynn, & Grant, 2010; Frank & Bernanke, 2009; Mateer, Coppock, & Brian, 2016).
LO3
1-19

20. Scarcity (កម្រ)?
Scarcity refers to the limited nature of resources, given society’s unlimited wants and needs (Mateer et al., 2016).

21. Microeconomics មីក្រូសេដ្ឋកិច្ច Macroeconomics ម៉ាក្រូសេដ្ឋកិច្ច
Economic Concepts
Economics
សេដ្ឋកិច្ច
Economics
Microeconomics មីក្រូសេដ្ឋកិច្ច
Macroeconomics ម៉ាក្រូសេដ្ឋកិច្ច
LO3
1-21

22. Microeconomics
Microeconomics is the study of the individual firms/organization that makes up the economy which focuses on (Brue et al., 2010; Mateer et al., 2016)៖
Individual firms
Households
Demand and supply
Elasticity
Cost of productions
Market competitions
Examines the individual behavior of the firms, consumers and the role of government.
Analyses the law of Demand and Supply.
Analyses costs efficiencies in productions…and how to achieve maximize profits. Efficiency=Inputs/Outputs
Analyses costs efficiencies in productions…and how to achieve maximize profits.

23. How Much It Cost?

24. iPhone 7 $220 Apple's iPhone 7 costs just $220 to make
iPhone 7
$220

25. Macroeconomics
Macroeconomics is the study of the overall aspects of examines the economic behavior of aggregates—income, employment, output, and so on—on a national scale which focuses on៖ (Case, Fair, & Oster, 2012; Mateer et al., 2016).
Unemployment
Inflation Rate
Fiscal Policy
Unemployment Rate= Unemployment/Labor Forces (15-60years)*100
Inflation rate=(Current price level-Last price level)/Last price level*100
Thursday next week

26. Macroeconomics GNP—Gross National Products Monetary Policy
Balance of Payment—Imports & Exports
GDP—Gross Domestic Products
GDP​​ per capita
Social wealth-fare…and so on.

27. What is Market?
Market—Gathering the buyers and the sellers interact and engage in exchange .

28. The Circular Flow Model