CB2400Microeconomics

What you will study

Course overview

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.

Official PDF, pages 1–2 · Abstract

Course content

Keyword Syllabus Economic system: Market vs. command system; Basic supply and demand model, including elasticities; Theories of consumer, producer, and cost; Market structure: Perfect competition, monopoly, monopolistic competition, and oligopoly; Market failure.

Official PDF, page 6 · Keyword Syllabus

Intended learning outcomes

View official learning outcomes and conditions

Course Intended Learning Outcomes (CILOs)
               CILOs                                              Weighting (if DEC-A1          DEC-A2          DEC-A3
                                                                  app.)
1              Identify, outline, analyze, and synthesize basic   70                            x
               microeconomic concepts. Ability to analyze
               the basic microeconomic concepts and to
               synthesize them into a coherent economic
               structure.
2              Apply basic microeconomic concepts to the real- 25                                               x
               world economic issues.
3              Develop and demonstrate a positive learning      5                x
               attitude through reflective practices, which help
               comprehending the topics and progressing to
               more advanced courses.

A1: Attitude
Develop an attitude of discovery/innovation/creativity, as demonstrated by students possessing a strong sense of curiosity,
asking questions actively, challenging assumptions or engaging in inquiry together with teachers.

A2: Ability
Develop the ability/skill needed to discover/innovate/create, as demonstrated by students possessing critical thinking skills
to assess ideas, acquiring research skills, synthesizing knowledge across disciplines or applying academic knowledge to
real-life problems.

A3: Accomplishments
Demonstrate accomplishment of discovery/innovation/creativity through producing /constructing creative works/new
artefacts, effective solutions to real-life problems or new processes.

Official PDF, page 2 · Course Intended Learning Outcomes (CILOs)

Before you take this course

Check prerequisites, precursors and corequisites separately, together with equivalence and exclusion conditions. “and” means conditions must be met together; “or” marks alternatives. Read combined conditions in the groupings shown in the original text below.

Prerequisites

Nil

Official PDF, page 1 · Prerequisites

Precursors

Nil

Official PDF, page 1 · Precursors

Corequisites

Complete official information for this field is not available.

Additional course requirements

Complete official information for this field is not available.

Equivalent courses and conditions

FB2400 Economics I

Official PDF, page 1 · Equivalent Courses

Exclusive courses and conditions

GE2258 Introduction to Economics

Official PDF, page 1 · Exclusive Courses

Assessment and passing the course

Assessment

Continuous assessment: 50%; Examination: 50%; Examination duration: 2 hours

Assessment breakdown

Assessment task	Weight	Generative AI	Remarks and restrictions
Multiple-choice and/or short questionsCILO 1	45%	No	Students are not allowed to use Generative Artificial Intelligence Tools in mid-term examination(s)/quiz(zes).
“Reflect and Learn” exerciseCILO 3	5%	Yes	Not stated in source row

View the original assessment table and instructions

Assessment Tasks / Activities (ATs)
                        ATs                CILO No.             Weighting (%)       Remarks ("-" for     Allow Use of
                                                                                    nil entry)           GenAI?
1                       Multiple-choice    1                    45                  Students are         No
                        and/ or short                                               not allowed to
                        questions                                                   use Generative
                                                                                    Artificial
                                                                                    Intelligence Tools
                                                                                    in mid-term
                                                                                    examination(s)/
                                                                                    quiz(zes)
2                       “Reflect and        3                    5                   -                    Yes
                        Learn” exercise

Continuous Assessment (%)
50

Examination (%)
50

Examination Duration (Hours)
2

Additional Information for ATs
Students are required to pass both coursework and examination components in order to pass the course.

Passing requirements

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

Official PDF, page 4 · Additional Information for ATs