This video explains what happens to the demand curve when the popularity of fast food decreases.
Price Theory (Part 2) - Shift in Supply Curve
This video explains what happens to the supply curve when the price of carrots go down.
Penang Trip Assignment - Interviewing a Business
In this video, we interview a hotel in Georgetown, Penang. This video will provide an analysis on their respective markets, competitive traits and commercial success.
In this video, we interviewed a hotel in Kuala Lumpur. This video will provide an analysis on their respective markets, competitive traits and commercial success.
Reflection
Economics is a module more or less like business like the theories used for businesses. Among the few things I have learned in economics are things like the demand & supply curve, elastic and inelastic demand curve and monopoly. My favourite topic would be on the area of demand and supply. This is because it is fairly simple to understand and can apply to almost any business. It was covered in one of the early topics so that kind of gave me the first impression of economics. True enough, the later topics like monopolistic competition and oligopolistic competition all had demand curves in them. My least favourite topic would be the 'theory of firm production and cost'. The main point of the topic is to sketch graphs. The reason this is my least favourite is because there are a lot of steps involved when calculating and plotting the graph. All in all I feel that this module is not all hard because to me, nothing is harder than science. Then again the things I have learned in this module is all good experience and knowledge which can hopefully be used in the near future. Overall I like economics because it is very practical when compared to other subjects. It may also be because of the effort our lecturer as put into his teaching in class. He has really made learning economics a fun and memorable experience.
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