EF5010 Economics for Business

Part I

Course Duration: 1 semester
Credit Units: 3 
Level: P5
Medium of Instruction: English 
Prerequisites: Nil
Precursors: Nil 
Equivalent Courses: EF4010 Economics for Business (From the old curriculum)
Exclusive Courses: FB5001 Managerial Economics

1.     Course Aims

This course is designed to familiarize students with the basic elements of economic analysis, concentrating on applications to organization and management, and to enable students to use concepts and principles to analyse organizational and management issues and problems.  Particular attention will be paid to analysing issues and problems in the business environment.

2.      Course Intended Learning Outcomes (CILOs) 

Upon successful completion of this course, students should be able to: 

No.	CILOs	Weighting (if applicable)
1.	Understand basic elements of economic analysis	50
2.	Use concepts to analyse issues and problems in business environment	50

3.      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	Seminars (including case studies, videos and learning aids)	3 hours seminar per week
CILO 2	Group problem solving	In-class group sessions

4.      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	Final exam (one 2 hour exam)	50%
CILO 2	Assignments and group-work. This includes contributions to in-class discussions and debate	50%

 5.     Grading of Student Achievement 

Letter Grade	Grade Points	Grade Definitions	Remarks
A+ A A-	4.3 4.0 3.7	Excellent	Strong evidence of knowing how to comfortably apply the analysis and techniques outlined in CILOs
B+ B B-	3.3 3.0 2.7	Good	Evidence of knowing how to comfortably apply the analysis and techniques outlined in CILOs
C+ C C-	2.3 2.0 1.7	Adequate	Some evidence of knowing how to apply the analysis and techniques outlined in CILOs
D	1.0	Marginal	Passing familiarity with the analysis and techniques outlined in CILOs
F	0.0	Failure	Little or no evidence of familiarity with the subject

Part III 

Keyword Syllabus

Competition, Business environment, Microeconomics, Markets, Production costs, Regulation.