GBUS101/Winter 2013 Page 1

PREPARATORY BUSINESS
(GBUS 101)

Credit Hours : 3
Semester : Winter 2013
Class Times : Section 01 T/Th 9.30 to 11.00 a.m.
Section 02: T/Th 2.00 to 3.30 p.m.
Ssction 03: T/Th 3.30 to 5.00 p.m.
Lecturer : Mr. Gunasegaran,
e-mail: Gunasegaran.g@taylors.edu.my,
Mr. Joel Tham Kah Marn
e-mail: JoelKahMarn.Tham@taylors.edu.my

Office : ADP Staff Room #10
LG201 Mr. Joel
Consultation Times : Mr. Guna
M/W/F : 2.00 to 3.00 p.m.

Mr. Joel Tham :-
Tuesday: 11am-1pm
Thursday: 11am-1pm
(Other times by prior appointments only)

PRE-REQUISITE : None

COURSE DESCRIPTION
To introduce a framework within which to develop an appreciation and introductory understanding of the nature of
business and the relationship of the functions of business to the economic environment. Explores career
opportunities for business graduates.


GBUS101/Winter 2013 Page 2

COURSE OBJECTIVES
To create awareness and an understanding of fundamental economic problems. Main topics are scarcity and
choice; concepts of tradeoff and opportunity costs; concepts of supply and demand and market equilibrium and
different economic and market structures
To enable students to understand the economic environment and appreciate the role of the government in
managing the economy as a whole; to enable students to understand GDP as a measure of economic growth;
inflation and CPI as a measure of cost of living; to introduce students to the concept of savings, investment and
the financial system, monetary and fiscal policies, and the effects of open trade on exchange rates and
economic growth.
To introduce students to basic accounting information, its words and terms, concepts and procedures
underlying the preparation of accounting statements and the ability to evaluate the performance and financial
position of organizations from their financial statements.
Gain an insight into the various concentration fields of business;

LEARNING OUTCOMES
Upon completion of this course, students should be able to:
Identify the concepts of scarcity, opportunity costs, comparative advantage, distinguish different economic
structures and identify economic efficiency.
Identify the factors affecting supply and demand, the theory of supply and demand and equilibrium price.
Distinguish between change in quantity and change in quantity supplied and demanded based on the factors of
demand and supply.
Identify the characteristics or assumptions of various market structures of perfect competition, monopoly,
monopolistic competition and oligopoly.
Distinguish a firms short and long run production decisions and identify externalities and market inefficiencies.
Calculate a nations income
Calculate gross domestic product using income and expenditure approach.
Understand savings, investments and the financial system to spur economic growth.
Define unemployment, identify types of unemployment and calculate unemployment
Define inflation, identify types of inflation and calculate consumer price index.
Understand fiscal policy and tools of fiscal policy
Understand monetary policy and tools of monetary policy.
Understand open-economy macroeconomics, international flow of goods and services, real and nominal
exchange rates.
Apply accounting concepts and principles to analyze business situations;
Describe and complete the accounting cycle and to construct financial statements from adjusted trial balance.
Prepare and analyze a service providers financial statements.
Evaluate the performance and financial position of organizations from their financial statements;
Describe the foundation of business knowledge utilized in business world
Select the specific field of business (management, marketing, finance, accounting, etc) in the future business
courses
COURSE EVALUATION Economics
Attendance/Participation 5%
Homework 4%
Quizzes 5%
Class/internet activity 4%
Progress Tests (2) 10%
Final Exam 12%
40%
GBUS101/Winter 2013 Page 3


COURSE EVALUATION Accounting (Mr. Joel)
Attendance/Participation 6%
Homework 10%
Quizzes 10%
Progress Test (2) 16%
Final Exam 18%
60%

GRADING SCALE
Percentage Grade Points per Credit Hour Percentage Grade Points per Credit Hour
97% - 100% A+ 4.00 70% - 73% C 2.00
90% - 96% A 4.00 67% - 69% C- 1.70
87% - 89% A- 3.70 64% - 66% D+ 1.30
84% - 86% B+ 3.30 60% - 63% D 1.00
80% - 83% B 3.00 55% - 59% D- 0.70
77% - 79% B- 2.70 0% - 54% F 0.00
74% - 76% C+ 2.30

REQUIRED TEXTS:
1. Baumol, W.J. and Blinder, A.S. (2012). Economics: Principles and Policy (12
th
ed). Cengage
Learning.

2. Reeve J.M., Warren S., & Duchac J. (2012). Principles of Financial & Managerial Accounting: (11
th

ed). Cengage.

REFERENCE TEXTS:
1. McEachern, W.A. (2012). Economic Principles: A Contemporary Introduction (9
th
ed). Cengage
Learning.

2. Mankiw, N.G. (2012). Principles of Economics (6
th
ed) Cengage Learning.

3. Case, K.E, Fair, R.C. & Oster (2012). Principles of Economics (10
th
ed). Prentice Hall.

4. McConnel, C.R. ,Bruce, S.L. & Flynn (2012). Principles of Economics (19th ed). McGraw-Hill,
Inc.

5. Griffin, R. W. & Ebert, R. J. (2012). Business Essentials (9
th
ed). Prentice Hall.

6. Warren, C.S., Reeve, J.M., and Duchac (2011). Accounting (24
th
ed). South-Western College.

7. Weygandt, J. J., Kieso, D. E., & Kimmel, P. D. (2011). Accounting Principles (10
th
ed). Wiley.

8. Boone, L. E. & Kurtz, D. L. (2011). Contemporary Business (14
th
ed). WIley.

MISCELLANEOUS:
Attendance:
Attendance is compulsory. Excused absences are those due to illness, or some kind of emergency or
unforeseen event in the family. Excused absences must be documented. Habitual tardiness, constantly
arriving after roll has been called, will be treated as unexcused absence.
GBUS101/Winter 2013 Page 4


Absences:
When a student is absent from class the student is responsible for finding out the homework assignment,
copying notes from another students on the lecture materials, finding out any announcements about test dates
and assignments, and any other information that are shared during the missed class.

Homework:
All homework will be announced in class and must be submitted on or before the scheduled time and
date. Late homework will NOT be accepted.

Class Activities: Students will be participating in numerous class activities during the semester.

Quizzes:
There will be quizzes throughout the course. Quiz will be given before or after the lecture of a new
chapter. There will be ABSOLUTELY NO MAKE-UP for quizzes.

Assignments/Project: All assignments/project will be announced in class and must be submitted on or
before the scheduled time and date. Late assignments will NOT be accepted.

Progress Test:
Students must take the tests at the scheduled time. There will be NO MAKE-UP TEST.

Final exam:
There will be a comprehensive final exam at the scheduled final week of the semester. There will be NO
MAKE-UP for the final.

Academic dishonesty:
The academic principles of honesty and fairness should be upheld at all times. Any student caught
CHEATING (academic dishonesty) will automatically be given an F and will be referred to the Dean
for disciplinary action.

Plagiarism:
Plagiarism is the act of claiming another persons work as your own. Students should ensure that all
individual assignments (if any) should be their original work. Any student caught for plagiarism will be
dealt with the same manner as that of academic dishonesty.

Class conduct:
No eating or drinking will be allowed during the lecture. All hand phones should be turned off during
lecture hours. If you have any questions during the lecture, do not hesitate to raise your hand to clear your
doubt. Class participation during discussion is encouraged.
Use of textbook and supplementary materials:
Students should read the respective chapters from the recommended textbook preferably before attending
the lectures. This will further enhance the students understanding of the concepts and principles as well as
scoring in the quizzes. Students are also encouraged to read additional reference texts recommended and
business sections of the local dailies to keep abreast with current developments in the financial markets.
GBUS101/Winter 2013 Page 5


COPYRIGHT RULING
Students are reminded that there is a strict copyright ruling in place at Taylors University regarding the
photocopying and sale of textbooks. As such, you MAY NOT use photocopied books in your classes.
Only original (new or used) books may be used in class.

COURSE SCHEDULE
(The course instructor reserves the right to modify the work schedule as and when deemed necessary)

Week

Topics
Reference Chapters,
Weekly Log & Remarks
Week 1




Basic Economic Models & Concepts
Verbal Discussions
Graphical Analysis
Mathematical Models
Drawing & Understanding Graphs
Unit 1



Week 1 & 2

Scarcity, Opportunity Costs & Trade Offs
Scarcity
Scarcity & Choice
Choice & Cost
Opportunity Cost

Unit 2

Week 3 Demand & supply
Factors determining demand & Demand Curve
Factors determining supply and Supply Curve
Demand, Supply and Equilibrium point
Movement along the curve and a shift in the curve
Elasticity

Unit 3:

Week 3 &4 MARKET STRUCTURES
Pure Competition
Monopoly
Monopolistic Competition
Oligopoly

Unit 4
GBUS101/Winter 2013 Page 6

Week 4 INTRODUCTION TO MACROECONOMICS
Macroeconomics concerns
Governments role in the economy
The Circular Flow Diagram
Measuring a nations income
Macroeconomic Problems: Unemployment & Inflation



Unit 5:

Week 4 National Output & National Income
Gross Domestic Product
Calculating GDP using the Expenditure Approach
Calculating GDP using the Income Approach
Measuring unemployment



Unit 6:

Week 5 Money Supply & Federal Reserve
Definition of money
Money creation
Money multiplier
How Federal Reserve controls money supply


Unit 7:

Week 6 The Stock Market & the Economy
Equity Vs Liability
Common stock/shares
Bonds


Unit 8 :
Week 7 ANALYZING TRANSACTIONS
Using Accounts to Record Transactions
Double-Entry Accounting System
Posting Journal Entries & Trial Balance
Discovery and Correction of Errors

Text 2:
Chp 2
Week 8 THE ADJUSTING PROCESS
Nature of the Adjusting Process
Recording Adjusting Entries
Adjusted Trial Balance

Text 2:
Chp 3
Week 9 COMPLETING THE ACCOUNTING CYCLE
Flow of Accounting Information
Closing Entries
Accounting Cycle


Text 2:
Chp 4
Week 10 FINANCIAL STATEMENT ANALYSIS
Basic Analytical Procedures
Solvency Analysis
Profitability Analysis

Text 2:
Chp 15
GBUS101/Winter 2013 Page 7

Week 11 BUDGETING
Nature and objectives of Budgeting
Budgeting Systems
Master Budget

Text 2:
Chp 21
Week 11 FINANCE, MARKETING AND MANAGEMENT
Introduction to Financial Institutions, Capital markets &
Investment
Nature of marketing
Components of marketing strategy
Management functions
Types / Level of management

Lecture Notes
Week 12 FINAL EXAMINATION Comprehensive