Part I
Course Duration: 1 semester
Credit Units: 3
Level: B4
Medium of Instruction: English
Prerequisites: Nil
Precursors: Nil
Equivalent Courses: Nil
Exclusive Courses: Nil
Part II
Course Aims
This course aims to equip students with the knowledge and skills of model building and analysis in economics and finance. The course is designed to give students an understanding of the role of models in economic analysis; develop a set of quantitative tools that are useful for modelling; apply the tools to model construction and analysis in economics; and prepare students for the more advanced economics, finance, and econometrics courses in second and third years.
Course Intended Learning Outcomes (CILOs)
Upon successful completion of this course, students should be able to:
No. | CILOs | Weighting
(if applicable) |
1. | equip students with the knowledge and skills of model building and analysis in economics and finance | 30% |
2. | develop a set of quantitative tools that are useful for modelling | 30% |
3. | apply the tools to model construction and analysis in economics | 40% |
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 | Lecture/tutorial | 3 |
CILO 2 | Lecture/tutorial | 3 |
CILO 3 | Lecture/tutorial | 3 |
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 | Coursework & Examination | 100% | |
CILO 2 | Coursework & Examination | 100% | |
CILO 3 | Coursework & Examination | 100% | |
30% Coursework
70% Examination (Duration: 3 hours, at the end of the semester)
Grading of Student Achievement:
Letter Grade | Grade Point | Grade Definitions | |
A+
A
A- | 4.3
4.0
3.7 | Excellent: | Strong evidence of knowing how to apply concepts and models explained in class. |
B+
B
B- | 3.3
3.0
2.7 | Good: | Evidence of knowing how to apply concepts and models explained in class. |
C+
C
C- | 2.3
2.0
1.7 | Adequate: | Some evidence of knowing how to apply concepts and models explained in class. |
D | 1.0 | Marginal: | Basic familiarity with the subject matter in examinations but unsatisfactory performance in examination and group project. |
F | 0.0 | Failure: | Little evidence of familiarity with the subject matter in all forms of assessment methods. |
Part III
Keyword Syllabus
Mathematics and economic relationships. Matrix algebra. Differential calculus. Optimization in economic analysis. Functions of two or more independent variables. Constrained optimization. Integral calculus. An introduction to dynamics.