UNAIR Unit CodeUNAIR BDEUnit Description
Semester 1 Unit Name  
     
EKT102 Introduction to Microeconomics This course is a basic course that introduce students to an understanding of Microeconomic Theory. In general, the course discusses several major topics, namely the basic concepts of economics, demand, supply, and the market.
EKT101 Introduction to Macroeconomics This introductory course provides students with a foundational understanding of Macroeconomic Theory. It covers key concepts, including the measurement of national income, determinants of national income in closed and open economies, the concept of multipliers, basics of aggregate demand and supply, and the exploration of unemployment and inflation theories.
MAT111 Mathematical Economics I This course will discuss the basic theory of algebra and simple calculus such as sets, relations and limit functions and derivatives, derivative applications, functions with many variables, optimization of a function without constraints and with constraints, integrals and integral applications, basic concepts of matrices. In addition, this course will also discuss how to apply the mathematical theory in economics, such as the application of matrices in solving simultaneous equations and the application of matrices in input output analysis.
AKK101 Introduction to Accounting I This course provides students with knowledge about the fundamentals of financial statement preparation and enables them to understand the basic principles of accounting as well as the concepts of recognition, measurement, valuation, and reporting. Additionally, it equips students to analyze the elements of financial statements, including assets, liabilities, and equity accounts of a company.
MNU101 Introduction to Business This course provides an introduction to the concept of business and its surrounding environment. It covers several aspects, including various forms of business ownership and how to start an entrepreneurial venture, ethics in business, the fundamentals of business management, the decision-making process in business supported by relevant information, as well as aspects of marketing, operations, and finance
Semester 2    
EKT202 Microeconomics I The topics covered by this course provide further explanations related to market demand, supply, price determination, and the specific behaviors of consumers and producers in various types of markets, such as perfect competition, monopoly, oligopoly, and monopolistic competition. Subtopics encompass the application of demand and supply models to various real-world scenarios, price determination, market equilibrium conditions, and the assessment of how these behaviors impact economic welfare, including consumer and producer surplus, deadweight loss, and other relevant welfare measures used in economics.
EKT201 Macroeconomics I This course delves into core macroeconomic components, encompassing savings, consumption, investment, and international factors at the aggregate level, which collectively influence a nation's output and price levels, intricately linked to inflation and unemployment rates. The course introduces economic modeling techniques to analyze these aggregates and evaluate the repercussions of fiscal and monetary government policies, in addition to external economic shocks. It offers a comprehensive exploration of macroeconomic theory, ranging from classical to modern perspectives, while addressing the policy challenges in achieving sustained long-term economic growth while effectively managing short-term fluctuations, all within the framework of classical dichotomy assumptions.
 EKM101  Monetary Economics I  This course studies the concepts and basics of monetary economics, including the meaning and function of money in the economy, the various factors that determine the demand for money, the process of money creation by financial institutions. Also included are various monetary theories about the demand for property and the behavior of the interest rate. The development of various government policies and authorities in the monetary sector, banking and other financial institutions will be a case study in the discussion of relevant theories.
MAS101 Statistics I This course introduces fundamental statistical concepts, encompassing both Descriptive Statistics and Inferential Statistics. Descriptive Statistics covers the collection, organization, presentation, analysis, and interpretation of data, including techniques such as frequency distribution and graphical representation, as well as measures of central tendency, dispersion, skewness, and kurtosis. Meanwhile, Inferential Statistics delves into estimation and hypothesis testing. To establish a solid foundation for comprehending Inferential Statistics, the course explores key concepts related to probability and probability distributions.
MAT112 Mathematical Economics II This course will discuss the basic theory of algebra and simple calculus such as sets, relations and limit functions and derivatives, derivative applications, functions with many variables, optimization of a function without constraints and with constraints, integrals and integral applications, basic concepts of matrices. In addition, this course will also discuss how to apply the mathematical theory in economics, such as the application of matrices in solving simultaneous equations and the application of matrices in input output analysis.
NOP103 Pancasila This course addresses topics related to Pancasila, which serves as the foundational philosophical framework of Indonesia, and explores it as a Philosophical System, the State Ideology that guides the nation's principles and values, and its role in shaping National Identity through an examination of cultural and societal aspects
NOP104 Civics This course covers various aspects of Civics, including the concept of Citizenship, Nation-State Issues, State and Constitution: Institutional Framework, State and Constitution: Constitutional System, Society, Nation, and State: Rights and Responsibilities of Citizens, Indonesian Democracy, Human Rights, Rule of Law, Indonesia's Regional Vision, Regional Autonomy, and Globalization, as well as Geostrategy: Indonesia and Globalization.
Semester 3    
EKP204 Agricultural Economics Agricultural economics discusses the application of economic theory concepts in agriculture, including consumer behavior theory and its application to agricultural household decision making, agricultural input production and demand theory, market equilibrium and exchange, agricultural market analysis, agricultural product marketing, and agricultural policy.
EKP302 Urban Economics This course studies and analyzes economic problems in urban areas using basic economic theory. The discussion includes the notion of the city, the factors that influence the formation of the city, the spatial structure of the city area, the economic growth of the city, the rent and use of land in the city, monocentric and multicentric city, settlements, infrastructure and public facilities of the city, as well as the problems of the social environment in the city.
MAS201 Statistics II Statistics for time-series data, non-parametric statistics, and multivariate data analysis. Statistics for time-series data discusses index numbers and some forecasting. Non-parametric statistics discusses several test methods for one sample, two samples, and more than two samples.
Meanwhile, multivariate data analysis discusses several statistical methods, both dependence and interdependence.
EKI201 International Economics I This course delves into the evolution of trade theory and trade policy in response to shifting dynamics in the world of trade. It begins by examining the standard model in International Economics and then extends its discussion to encompass contemporary developments, such as intra-industrial trade, regionalism, economies of scale in trade, and the influence of imperfect competition. The course also provides an in-depth exploration of concepts like economies of scale, imperfect competition, and external economies of scale as influential factors in international trade.
EKP201 Development Economics I This course provides a comprehensive overview of development economics, aiming to equip students with a foundational understanding of key topics. It covers historical economic development and explores subjects like regional planning, human resources, environment, industry, cooperatives, entrepreneurship, and the influence of politics and institutions.
EKP211 Cooperative and Entrepreneurship This course is designed to provide students with a comprehensive understanding of cooperatives and entrepreneurship. It covers the meaning of cooperatives, their history, legislative frameworks, performance, and their significance in the national economy. Additionally, the course delves into entrepreneurship, exploring business opportunities, ideas, and planning. Emphasis is placed on the pivotal roles of cooperatives and entrepreneurship in fostering community-based entrepreneurship to contribute to the national economy.
Semester 4    
EKP205 Public Economics I This course focuses on the essential role of government in the economy. It explores how governments generate income, allocate resources, and navigate the interplay between public policy and economic well-being. Key topics include taxation, public spending, fiscal policy, and their implications for economic stability and social equity, providing students with a comprehensive understanding of government's impact on the economy and public welfare.
EKE211 Natural resources & Environmental Economics I In this course, students will explore fundamental concepts and principles in natural resource and environmental economics. The course comprises four main components: (1) examining the connections between natural resources and the economy, (2) applying economic concepts and analysis to natural resources, (3) assessing the utilization of different resource types, and (4) analyzing natural resource issues and policies, with a focus on developing countries.
EKI202 International Economics II This course delves into advanced topics in international economics, covering critical aspects such as the balance of payments, the foreign exchange market, exchange rate determination, international exchange rate systems, mechanisms for international adjustment, macroeconomic coordination, and its interconnectedness with international banking. Students will gain a comprehensive understanding of these vital elements in international economics and their implications for global economic dynamics.
EKP309 Development Economics II Development Economics II is a follow-up course from the Development Economics 1 course. The topics covered include classic problems in developing countries and are the central theme in each subject. The topics of discussion include: phenomena of economic growth, inequality and poverty, problems of physical capital, human capital, fiscal, environment, as well as free trade and globalization.
EKP301 Regional Economics This course studies and implements regional (spatial) concepts, classical and modern location theory, industrial clusters, agglomeration processes, core and periphery, regional disparities, as well as regional economic analysis models: economic base analysis, shift share analysis, input-output models, and SAM models.
EKK302 Econometrics I This course discusses analytical tools in quantitative form based on economics, mathematics, and statistics. The topic discussed in this lecture focuses on regression analysis which captures causality (functional) relationships. In more detail, this course material covers simple regression, multiple regression and several functional forms of regression models. Furthermore, it also examines the problem of violations of classical assumptions which include: multicollinearity, heteroscedasticity, autocorrelation, and specification errors. The materials of econometrics 1 lecture is ended with a special material/topic (first part), namely a model with a dummy variable.
SJU261 History of Economic Thought The History of Economic Thought course is a course that discusses the development of economic thought from the Pre-Classical period to the development of the Rational Expectation Stream (RATEX) economic thought and contemporary economic thought.
Semester 5    
EKT301 Macroeconomics II (Compulsory) This advanced macroeconomics course extends the study of integrated macroeconomic models, focusing on open macroeconomics and dynamic analysis. It builds upon the foundation laid in Macroeconomics 1 and covers topics including global economic developments, equilibrium models (IS-LM and AD-AS), expectations, fiscal and monetary policies, and economic growth. Students will further their grasp of macroeconomic principles and gain insights into real-world economic dynamics.
EKT302 Microeconomics II (Compulsory)

This course offers an in-depth study of Microeconomic Theory, providing a deeper exploration of advanced topics in microeconomics. With a strong emphasis on the application of mathematical approaches, students will delve into various aspects of microeconomic theory. Topics covered include the behavior of consumer households (individuals and families) and firms (producers) as central economic agents in decision-making. The course will also introduce mathematical models for price determination in both output and input markets, and it will explore general equilibrium theory and its implications for economic welfare. In addition, students will investigate different market structures, strategic interactions between firms, and analyze real-world economic scenarios using mathematical tools.
EKP203 Indonesian Economy (Compulsory) This course discusses the current and future developments of the Indonesian economy in various sectors. This includes comprehensive global and internal issues related to the national economy.
EKP308 Demographic Economics (Compulsory) This course delves into the essential topics of demographic economics, offering an in-depth exploration of key population issues, including fertility, mortality, and migration as crucial demographic variables. Additionally, it covers quantitative measures and the interrelation between these demographic factors. Moreover, the course examines the dynamic phenomena of employment, education, and health, providing a comprehensive understanding of their significance within the dimensions of human resource quality and their implications for the broader economy
EKP308 Econometrics II (Compulsory) Building upon the foundations laid in Econometrics I, this course includes a comprehensive review of earlier material. It then delves into advanced topics such as time-series models, covering ARIMA (Auto-Regressive Integrated Moving Average) models, and bivariate and multivariate VAR (Vector Autoregressive) models. The course also addresses Error Correction Model (ECM) and Vector Error Correction Model (VECM), extends its scope to encompass panel data models, simultaneous equations, and probit/logit models, offering a well-rounded understanding of econometric techniques for empirical analysis.
EKE212 Natural resource & Environmental Economics II (Elective) Building upon the foundational concepts introduced in 'Natural Resources and the Environment I,' this course offers a more advanced exploration of environmental economics. This course expanding on the knowledge gained in the introductory course. It delves into more intricate topics, including (1) the intricate relationship between economics and the environment, (2) a deeper economic analysis of environmental issues, (3) advanced techniques for valuing environmental impacts, and (4) the development and evaluation of policies for addressing complex environmental problems.
EKI301 International Monetary Economics (Elective) This course is a continuation and deepening of the introduction to international financial economics discussed in the International Economics course (introduction to international economics). Several aspects were discussed, such as the theory of exchange rates, foreign exchange (forex), the relation of exchange rates to inflation and output in the short and long term as well as open economy macroeconomics.
EKP304 Transportation Economics (Elective) Transportation economics studies and analyses various problems and government policies in the transportation sector in urban areas. The discussion includes the definition of transportation, demand and supply of transportation, types and rates of transportation, traffic engineering, transportation planning, the role of transportation in development, mass transportation, and transportation policy in Indonesia.
EKM201 Monetary Economics II (Elective) This course provides an in-depth understanding of the concept and process of money supply, monetary balance and the determinants and changes in the monetary base, monetary policy, monetary policy and foreign payment systems, money demand, financial system relations, aggregate supply and demand, money supply, information problems and monetary policy chain, the concept of expectations, and inflation.
EKP312 Public Economics II (Elective) Building on the knowledge from Public Economics I, this advanced course delves deeper into fiscal and public finance theory. It covers taxation, government expenditure, public debt, and social welfare policies, followed by a focused exploration of externalities, public goods, public choice, and decentralization. Emphasizing policy analysis, the course equips students to critically assess government interventions, making informed decisions to tackle modern economic challenges
Semester 6    
EKP311 Development Project Evaluation (Compulsory) This course discusses theoretically and practically about investment analysis, both micro (government or private/business) and macro. This analysis is based on financial aspects and microeconomic theory. In addition, evaluation of projects, programs, or development policies from an economic point of view using quantitative methods. In general, this course consists of two main parts, namely:
(1) financial and economic analysis of a company development projects, including micro-businesses; and
(2) impact analysis of a development program or policy.
EKP306 Industrial Economics (Compulsory) The introduction covers the definition of industry and the scope of industrial economics. S-C-P covers market structure, company behavior, company performance, as well as market strength and welfare. The market structure includes perfect competition, monopolistic, monopoly, and oligopoly markets. Market concentration measurement. Identification of price discrimination, product differentiation, integration, mergers, and unhealthy business practices. Research & Development (R&D) and Advertising Analysis.
PNE402 Research Methodology (Compulsory) This course focuses on guiding students in preparing a thesis proposal. Students are expected to actively participate in classroom activities and complete assignments. Assessments for mid and final exam are based on the quality and progress of various thesis proposal components. During mid exam, students must register their pre-proposals through academic learning portal (SOPP), and they may choose to register their thesis proposals after obtaining approval from the assigned thesis supervisor.
EKT401 Applied Economics (Compulsory) This course offers a comprehensive overview of both micro and macroeconomic theories and emphasizes the application of these theories in real-world contexts. It centers around conducting literature reviews, exploring relevant theories, their development, and practical applications. Evaluation is based on group and individual assignments, with no written midterm or final exams.
EKP307 Labour Economics (Compulsory) This course delves into the principles of labor economics, with a focus on understanding the dynamics of labor supply and demand. It explores the efficient allocation and utilization of labor resources to meet the diverse needs of society. Additionally, the course delves into labor policies, including minimum wage regulations, and their impact on employment and economic outcomes. Topics covered include education, training, employment opportunities, fair compensation, work environments, and their role within the broader labor market context.
EKP305 Information Economics (Elective) This course covers a range of topics related to the digital economy, including fundamental concepts crucial for grasping digital economics, the dynamics of digital markets, the operational practices of digital businesses, and the strategies and innovations employed by industry leaders in the digital marketplace.
EKP319 Political Economics (Elective) This course discusses the application of theories and analytical tools of economics in the political field which includes topics: economic analysis of the level of voter participation in elections and voting decisions; the political selection process and the motivation of politicians and their impact on public policy; discussion of political accountability and corruption; the role of the mass media and their impact on electoral politics and policy-making; political distortion through patronage, lobbying, and political connections; and issues related to crime, conflict and violence; and the origin, inertia and economic impact of political institutions.
EKP320 Maritime Economics (Elective) This course provides an in-depth exploration of the economics of the maritime industry, integrating historical and geographical perspectives with shipping market theory and essential market drivers. Key topics covered include a historical overview tracing the evolution of international trade and shipping from the 18th century to the present, an analysis of the shipping market, examination of market structure, and a comprehensive study of the factors influencing supply, market dynamics, demand, and profitability in both short and long-term contexts.
EKP321 Health Economics (Elective) This course introduces fundamental economic concepts crucial to the study of health economics, highlighting the unique nature of health as a commodity distinct from others. It delves into various facets of the healthcare market, both domestically and internationally, addresses healthcare service reforms, and emphasizes the role of health in societal development. Additionally, the course covers essential economic valuation techniques relevant to the field of health economics.
EKP322 The Economics of Strategy (Elective) This course explores diverse topics, including firm boundaries, strategic positioning, the maintenance of competitive advantages, and the intricacies of performance and incentives within an economic context.
EKP301 The Central Bank (Elective) This course delves into the conceptual framework and operations of the central bank, with a specific focus on Bank Indonesia (BI). It covers the functions and historical background of the central bank, particularly BI, its primary responsibilities, banking policies, supervision, and the concept of a stable Indonesian banking system. Additionally, the course includes discussions on payment systems in Indonesia, monetary policies by Bank Indonesia, and selected topics related to the central banking sphere.
EKE203 Energy Economics (Elective) This course explores fundamental concepts and principles in energy economics. The material covers the role of energy in the economy, energy policy, the structure of energy supply and demand, the efficiency in allocating energy resources, the behavior and performance of the energy industry, as well as energy planning models.
EKM302 International Trade Policy (Elective) This course delves into various theories and concepts related to international trade policy. It is divided into two phases: the initial phase covers classical lectures, while the second phase focuses on student-led presentations of structured papers on selected topics from the International Trade Handbook. This approach aims to deepen students' understanding of international trade policy and expose them to diverse empirical experiences from different countries.
EKP303 Development Planning (Elective) This course is designed to introduce foundational concepts in development planning and their practical application in the context of development planning in Indonesia.
EKM202 Banks and Other Financial Institutions (Elective) This course explores the banking and financial services industry, its regulations, risk assessment, risk management, and concludes with an overview of financial institutions in Indonesia and their regulatory framework.
EKP313 Institutional Economics (Elective) This course provides an in-depth exploration of institutional economics, focusing on fundamental concepts and theories used to analyze institutional challenges and their evolution in the context of economic development.
Semester 7    
EKP310 Comparative Economic Systems This course examines a comparative analysis of various economic systems, including Market Economy, Capitalism in the USA and Western Europe, Socialism, Economics in Asia, Economics in Developing Countries, Islamic Economics, Transitional Economy, and the transformations in the global economy.
EKK304 Economic modelling This course equips students with quantitative analytical tools grounded in economics and mathematics. It emphasizes the practical application of mathematical concepts through economic models. Specifically, the course covers efficiency and productivity, including the measurement of these concepts and a comparison of measurement models using Data Envelopment Analysis (DEA) and Stochastic Frontier Analysis (SFA). It delves into optimization theory, employing the Multiple Criteria Decision Making (MCDM) and Goal Programming methods, and explores decision theory using the Analytic Hierarchy Process (AHP). The course also provides insight into general equilibrium models, encompassing Input-Output (IO) models, Social Accounting Matrix (SAM) models, and Computable General Equilibrium (CGE) models. This comprehensive content enables students to grasp the fundamentals of economic modeling and apply them in various practical scenarios.
EKE402 Natural Resources & Environmental Economics III (Elective) Building upon the foundation laid in Natural Resources and Environmental Economics II, this course addresses contemporary issues in natural resources, environment, and energy using the analytical framework of economics and a quantitative approach.
EKI402 International Economics III (Elective) This course, building on the foundations of International Trade and International Finance policies, seeks to integrate international economics with other economic disciplines like development economics, micro and macroeconomics, and economic systems. It provides students with the opportunity to delve into advanced topics in international economics, fostering a deeper understanding of how these concepts relate to broader economic theories. The course emphasizes the exploration of research and presentation skills, as students work on group projects before the mid-term exam and transition to individual projects after the mid-term exam. These projects draw from accredited international journal articles, enabling students to refine their analytical and research abilities while contributing to the field of international economics.
EKM403 Monetary Economics III (Elective) This course equips students with the knowledge and skills required to perform a comprehensive economic analysis from a monetary economics perspective. Through a comparative study of the theories they have acquired, students will be able to draw conclusions about various practical phenomena that occur at both the national and global economic levels. In addition, this course emphasizes the development of research and presentation skills, enabling students to effectively communicate their findings and assessments of monetary policies enacted by central banks and governments, grounded in sound theoretical reasoning and empirical evidence.
EKP404 Planning and development economics III (Elective) This is a continuation of the courses Development Economics, Demographic Economics, Planning Economics, Regional Economics, and Industrial Economics. In this course, several topics that have been introduced in those courses will be revisited in greater depth, with case studies from various developing countries to provide a more comprehensive understanding. This course also places a strong emphasis on developing research and presentation skills to enable students to analyze economic phenomena in-depth and effectively communicate their findings.
EKP403 Public Economics III (Elective) Public Economics III builds upon the foundation of Public Economics I and II, delving deeper into taxation, public expenditure, and fiscal policies. This advanced course places a strong emphasis on theoretical analysis and empirical study to comprehensively examine these topics. By sharpening research and presentation skills, students will be well-equipped to critically assess public policies, using economic theories and empirical evidence to make informed judgments and effectively communicate their findings. This course fosters the development of analytical abilities that enable students to contribute to the shaping and evaluation of public policies with rigor and evidence-based reasoning.
Semester 8    
KKL441 Internship The Internship program is a unique opportunity for students to not only apply their academic knowledge in real-world settings but also to cultivate a diverse skill set that expands their career opportunities. Beyond research, students will develop valuable soft skills like communication, teamwork, problem-solving, and adaptability, which are essential in any professional environment. The program also offers exposure to a wide range of industries and businesses, including NGO and development sectors, ensuring that students gain diverse experiences that can open doors to various career paths. This broad exposure prepares students for roles in economics, research, consulting, government, entrepreneurship, and numerous other fields, offering a wealth of employment possibilities upon graduation. This internship serves as a comprehensive learning experience, preparing students to excel in a variety of roles and contribute effectively to diverse sectors in the job market.
PNE699 Thesis The Undergraduate Thesis in Economics is the culminating project of the academic journey, allowing students to apply their acquired knowledge and research skills in a substantial and independent manner. This course is designed to guide students through the research process, from defining a research question, conducting a literature review, designing empirical studies, gathering and analyzing data, to drawing insightful conclusions. With the guidance of experienced faculty, students will engage in rigorous research that makes a meaningful contribution to the field of economics. This thesis experience equips students with advanced research, analytical, and communication skills, preparing them for future academic pursuits or a career in various sectors, including government, industry, research, or international organizations. The thesis is the pinnacle of undergraduate studies, showcasing students' ability to tackle complex economic issues and make a valuable impact

 

*Excludes UNAIR BAI100 Indonesian Language, PHE101 Philosophy, BAE100 English, AG_401 Religion II, KKN441 Student Community Service Program units

 

 

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