Stay focus!!!

LAGU BARU MARA

Bersempena hari MARA pada 1 Mac 2012 lalu MARA telah memperkenalkan lagu baru MARA. Jadi mari beramai-ramai kita menghafal dan menyanyikan lagu baru MARA!!! =)

English Camp

Alhamdulillah, thanks god finally we could finished the camp successfully and the most important thing is that nobody got hurt and could join and finished all the activities given. There are some pictures from the activities that been done.

Tutorial 3

Please answer all the quiz below:

1. A four sector economy is referred as…
   A closed economy.
   An open economy.
   A simple economy.
   An injection.
   

Sample of scrip answer Quiz 1

Intro Slides

Circular Flow and Intro to Macroeconomics

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Circular Flow

In economics, the terms circular flow of income or circular flow refer to a simple economic model which describes the reciprocal circulation of income between producers and consumers. In the circular flow model, the inter-dependent entities of producer and consumer are referred to as "firms" and "households" respectively and provide each other with factors in order to facilitate the flow of income. Firms provide consumers with goods and services in exchange for consumer expenditure and "factors of production" from households. More complete and realistic circular flow models are more complex. They would explicitly include the roles of government and financial markets, along with imports and exports.

Human wants are unlimited and are of recurring nature therefore,

Video 2

Video 1

Micro vs Macro

Microeconomics:

Microeconomics deals with "smaller" issues - consumer behavior, market behavior, costs of a business, competition among firms, and imperfections in markets (called market failure) and how we can respond to such failures. It also discusses particular markets, like the labor market, and issues such as the distribution on income and wealth in an economy, as well as public policies such as environmental concerns, poverty, and corporate mergers.

Macroeconomics:

Macroeconomics deals with "larger" issues, such as inflation, unemployment, economic growth, and the measurement of these topics. It then discusses alternative views on how the economy operates, and what policies are best suited for different economic circumstances.