[School] NUS AY14/15 Year 1 Semester 1 Module Review: EC1101E

Dear Readers,

I'm back with module reviews for my first sem ever in NUS!

Modules taken: 

1. EC1101E
2. LSM1301
3. EL1101E
4. SSA2204
5. EC2104

I am going to dedicate this post purely for EC1101E 

An exposure module for Economics.

Overall: You might have read other reviews that it is very similar to A level Economics content, however, I would say everything in A levels including some new concepts like the prisoner's dilemma was included. Class is very big, but the 3 hour lecture (which started only in my Y1 Sem1) was a very bad idea.

Lectures: I would think it is important to listen in the lectures, as it allows easier comprehension of the topics. Although I have to agree, 3 hours is really crazy, Dr Ong Ee Cheng was really nice and she always had at least one video/ animation for lecture. It helped a lot, both to wake up me up and keeping me entertained in class, as well as for understanding the topic she was on that day. Dr Ong taught the first half of the semester, while the other guy (I can't remember his name), taught the second half. 

Dr Ong covered Microeconomics, while the other male lecturer taught Macroeconomics. I personally preferred the micro part as it was more similar to A level Econs. Macro on the other hand, involved more calculation like calculating the GDP deflator, CPI, Inflation rate, etc. Furthermore, the lecturer wasn't as good as Dr Ong. (I think he tried to hard to be funny and crack really lame jobs- that hardly anyone ever laughs at). (OH I REMEMBERED HIS NAME, Mr Chan Kok Hoe)

Lecture content was manageable (if you paid attention). Dr Ong kept emphasizing that the Textbook: Principles of Economics by Mankiw was very important and urged us to get the latest edition which was published in 2014. I obviously didn't as I felt it was a waste of money. Thankfully my friend gave me the ebook, and I had the older version in hardcopy (blue and white copy) since my cousin passed hers to mine. I referred more to the hardcopy one as I didn't like reading from the ebook (I suspect I'm a detractor of technology)

The textbook was really good and useful! A must get and it was useful for the weekly quizzes (ungraded) before each week's lecture. 

Tutorials: I think the tutorials were ok. At the start the tutorial questions were rather manageable, but towards the end of the semester, I struggled a little with the questions and had blanks when i attended tutorials. My tutor was a young lady, Clarissa Ooi, and she made everyone present their answers on the board (based on a rotation basis). However, her explanations were not clear and she doesn't know much about EC1101E content as often she said that she will check back with the prof and email back the questions we posed. Also, she often ended tutorials late (instead of the usual 45min, it became exactly 1hour), therefore there were some people who would leave class earlier to head for their next lesson). 

I heard that the other tutors provided very clear explanation to every single question especially those questions that were common mistakes and provided tips on how to avoid those mistakes. It was a pity I did not get those better tutors which meant I needed to work harder on my own.

Conclusion: EC1101E is not hard to score, but you have to put in a lot of hard work to get at least an A as the midterms and finals were not too tough. They were manageable. So long as you have studied well, memorising and understanding the logic behind the graphs, how to explain shift in demand and supply, how taxes and subsidies affects the curves, how to compute GDP deflator, etc., you should do just fine for this module!

On a side note, for my semester, Dr Ong made us get The Undercover Economist by Tim Harford as well as the Undercover Economist Strikes Back. I got only the former book, and read it diligently (although it was purely optional, I felt that it was a very interesting book to read which strengthened and helped in understanding the concepts, and why certain people make certain decision (eg. in businesses)

I did decently well, although I expected a higher grade. I guess this module was really competitive and especially since it was a large cohort, the distribution of grades were more bell-curved and follows approximately a normal distribution. (I heard one of my RI friends attended only one lecture and slept in tutorials got an A for the module in the end)

Hope the review helps!

Cheers,
Rachel