Program : Degree

Course : Malaysian Economy

Code : ECMB313

Credit Hours : 03

Contact Hours : 03

Semester : Semester 1 Academic Year 2012/2013

Subject Synopsis

This course provides the student with an overview of the Malaysian economy - the role of the government and its economic interaction with other countries in the region. Topics such as government economic plans and policies, income distribution and poverty eradication, labour force and labour relations, the financial system and international trade and investment will be covered in this course.

Learning Outcomes

At the end of this course, students are expected to:

1. Critically analyse the Malaysian economy and its components.

2. Apprehend the economic development of the nation thus far.

3. Apprehend fundamental economic analysis provided by the media.

4. Rationally analyse the macro economy environment and the external factors in business decision-makings.

5. Assess, analyze and suggest appropriately methods on economy crisis.

6. Rationally analyse the implication of macro economy environment, current issues and implications of the current policies.

Wednesday, May 29, 2013

Malaysian Plan

The Malaysia Plan is a 5-year Malaysian government national development initiative. The plan is a legacy from British colonial rule in Malaya after the Second World War.

The 5-year plan began with the First Malaya Plan, from 1956 to 1960. This initiative was continued with the Second Malaya Plan from 1961 to 1965.

After the formation of Malaysia in 1963, the 5-year plan has been converted to the Malaysia Plan (MP) with the First Malaysia Plan which began in 1966 until 1970, the difference being that the economic plan now included the entire nation – including Sabah and Sarawak, as opposed just Peninsular Malaysia.

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