Reflection of Principles of Economics

At the first time I learnt Principles of Economics, I thought that it was difficult for me to understand about marketing since I had not studied economics before. However, I started to realize that it was actually fun to study it. I learnt many new things in the class, and it was interesting to try and understand our marketing in Malaysia.

I choose Price Theory (Part 1) as my favorite topics. Price Theory (Part 1) – Demand taught me that the quantity demanded becomes lower and vice versa when the price of the products has increase. I liked these topics is because they are easy to understand and learn. To give an example of these topics, a beef noodle shops has increase their price of noodles and this fact causes them getting lesser customers.

As my least favorite topics, I will choose Theory of Firm Production & Cost as it. This topic is about The Law of Diminishing Returns and Costs in the Long Run. I think that it is hard to master this topic. Sometimes I could not catch up on the topic that my lecturer taught. But I then tried to learn it with the help of my friends. And finally, I managed to overcome the difficulty of it.

To conclude, I enjoyed learning Principles of Economics. The most enjoyable experience I had in the class was the time playing monopoly game with my classmates. The purpose of playing this game was to understand better of the topic Monopoly. I am happy that I am able to learn this subject in campus. With the help of lecturer and friends, I can managed to study more of this topic.