FB2400 Economics I

Part I

Course Duration: 1 Semester
Credit Units: 3
Level: B2
Medium of Instruction: English
Prerequisites: Nil
Precursors: Nil
Equivalent Courses: CB2400 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.

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

No.

CILOs

Weighting
(if applicable)

1.

Identify, outline, analyze, and synthesize basic microeconomic concepts

45%

2.

Apply basic microeconomic concepts

50%

3.

Learn to learn

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

Hours/week (if applicable)

CILO 1

Lectures & tutorials

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

CILO 2

Lectures & tutorials

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

CILO 3

Self-learning

 

Assessment Tasks/Activities
(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)

CILO No.

Type of assessment tasks/activities

Weighting
(if applicable)

Remarks

CILO 1-3

Final exam (one 2 hours exam)

50%

 

CILO 1-3

Coursework

50%

 

Grading of Student Achievement:

Letter Grade

Grade Points

Grade Definitions

Remarks

A+
A
A-

4.3
4.0
3.7

Excellent

  • Fulfill the criteria in Grade B.
  • Able to describe the economic theories/models with their underlying assumptions and identify how changes in the theory affect the others.
  • Able to apply economic theories/models to real-world cases and discuss the economic implications in different markets simultaneously and in a dynamic manner.

B+
B
B-

3.3
3.0
2.7

Good

  • Fulfill the criteria in Grade C.
  • Able to describe economic theories/models and outline their basic connections.
  • Able to apply individual economic theories/models to real-world cases fragmentally to the topics outlined in CILOs.

C+
C
C-

2.3
2.0
1.7

Adequate

  • Describe the economic theories/models fragmentally.
  • Able to perform comparative static analysis in hypothetical scenarios.

D

1.0

Marginal

  • Describe the economic theories/models fragmentally.

F

0.0

Failure

  • Unable to identify, analyze, synthesize, and apply concepts.

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