CB2400 Economics I

Part I

Course Duration: One Semester
Credit Units: 3
Level: B2
Medium of Instruction: English
Prerequisites: Nil
Precursors: Nil
Equivalent Courses:
FB2400 Economics I
Exclusive Courses: Nil


Part II

Course Aims:

This course aims to facilitate students’ learning of basic concepts of microeconomics, and their application to the real world. Students would be encouraged to develop their attitude and ability to discover and innovate.

Course Intended Learning Outcomes (CILOs)
Upon successful completion of this course, students should be able to:

No.

CILOs

Weighting
(if applicable)

CILO 1

Identify, outline, analyze, and synthesize basic microeconomic concepts. Students are encouraged to analyze the basic microeconomic concepts and to synthesize them into a coherent economic structure.

70%

CILO 2

Apply basic microeconomic concepts to the real-world economic issues.

25%

CILO 3

Learn to learn (develop learning attitude through reflection). A good learning attitude would help students in this and higher level courses.

5%


Teaching and Learning Activities (TLAs)
(Indicative of likely activities and tasks designed to facilitate students’ achievement of the CILOs. Final details will be provided to students in their first week of attendance in this course)

CILO No. TLAs Functions

Hours/week
(if applicable)

CILOs 1-2 Lectures & tutorials Both large-group and small-group interactions would be used to facilitate students’ attainment of the CILOs 1 and 2. The lectures facilitate students’ understanding of the basic concepts, including their synthesis and their uses in the real world. The tutorials support the lectures through small group learning activities allowing deeper understanding of the core concepts.
Real-world cases in lectures and tutorials would develop students’ ability to apply the basic economic concepts to real-world economic issues.

2 hours lecture per week, and 1 hour tutorial per week

CILO 1Concept maps A series of concept map are designed by the course lecturer to visually unify different concepts into a coherent structure. The concept maps would assist students to discover the interrelationships embedded in economics, and enhance their holistic understanding of economics.  
CILO 2Real-world cases Local and region economic examples and cases would be used in lectures and tutorials to teach students how to put theory into practice.  
CILO 3 Self-learning through “Reflect and Learn” exercise The "reflect and Learn" exercise is designed to help students develop their learning attitude through reflecting their learning progress, and improving their study through identifying and adopting an appropriate set of learning skills and methods.  

Assessment Tasks/Activities (ATs)

(Indicative of likely activities and tasks designed to assess how well the students achieve the CILOs. Final details will be provided to students in their first week of attendance in this course)

Type of assessment tasks/activities

Weighting
(if applicable)

Remarks

Final Examination
(one 2 hours exam)
Multiple-choice questions:
Each question assesses students’ ability to identify the relevant concept and use it to tackle the question.

30%

See table below for alignment of CILOs and assessment tasks/activities (ATs) 
Essay questions on real-world cases:
Each question assesses students’ ability to identify a set of relevant concepts to real-world case and use them to analyze the case.

20%

CourseworkMultiple-choice questions
Each question assesses students’ ability to identify the relevant concept and use it to tackle the question.

40%

Essay questions on real-world cases:
Each question assesses students’ ability to identify a set of relevant concepts to real-world case and use them to analyze the case.

5%

"Reflect and Learn" exercise
The "reflect and Learn" exercise is designed to help students develop their learning attitude through reflecting their learning progress, and improving their study through identifying an appropriate set of learning skills and methods.

5%


Students are required to pass both coursework and examination components in order to pass the course.

Constructive Alignment of CILOs and Assessment Methods

Type of assessment tasks/activities (ATs)

CILO 1

CILO2

CILO3

Row Total

Final Exam

30%
(Multiple-choice questions)

20%
(Essay questions)

-

50%

Coursework

40%
(Multiple-choice questions)

5%
(Essay questions)

5%
(Reflect and Learn)

50%

Column Total

70%

25%

5%

100%

Summary of how DEC is incorporated in Assessment Tasks, and Teaching and Learning Activities (TLAs)

DEC Elements

Teaching and Learning Activities (TLAs)

Developing attitude of students to discover and innovate "Reflect and Learn" assignment provides each student an opportunity to assess his/her own learning progress in the first half of the course through reflection, and to identify an appropriate set of learning skills and methods to improve their learning in the second half of the course.
Developing abilities of students to discover and innovate Real-world cases in lectures and tutorials would develop students’ ability to apply the basic economic concepts to real-world economic issues.

Grading of Student Achievement :


Letter Grade Grade Points Grade Definitions

Remarks

A+
A
A-
4.3
4.0
3.7
Excellent Able to apply economic concepts and theories to real-world cases and specify appropriate conditions/assumptions of the analysis.
B+
B
B-
3.3
3.0
2.7
Good Able to apply economic concepts and theories to real-world cases fragmentarily.
C+
C
C-
2.3
2.0
1.7
Adequate Able to analyze economic concepts and theories fragmentarily.
D 1.0 Marginal Just able to describe economic concepts and theories fragmentarily (with incomplete, disconnected, and inconsistent parts).
F 0.0 Failure Unable to describe economic concepts and theories.


Part III
 

Keyword Syllabus:

Supply and demand, Theories of consumer, producer, and cost, market structure, and market failure.

Related Links
Department of Economics and Finance