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.
