Course Code

ECON2013

Unit Bearing Information

3 units

Course Description

This course aims first to introduce students with the basic principles and the main building blocks of microeconomics. The students should appreciate the relevance of the course materials in real life, and learn to apply them in analysing some simple economic problems commonly encountered by individuals and firms. The major topics covered are: the market forces of demand and supply, and the associated concept of elasticity; the key role of price in the resource allocation; the efficiency of, and some possible problem with, the market mechanism; the various cost measures for firms; the different forms of market competition, and the impact on social welfare; and finally, the basic role of government in the economy.

Course Intended Learning Outcomes

Upon completion of this course, students should be able to

· Identify microeconomic problems and issues;

· Perform economics calculations and analyses with diagrams and graphs;

· Apply microeconomics theories in various interactive situations, business settings and economies;

· Evaluate the costs and benefits of major economic policies.  

Course Schedule

Instructor

Dr. Sara Xiao CHANG, Assistant Professor, Faculty of Business and Management

Medium of Instruction

English

Classroom

T6-303

Eligibility

A student who is currently studying for a bachelor degree.

Pre-requisite/ Co-requisite

Nil

Course Fee

1. RMB5,000 for UIC, HKBU and HKCHC students;

2. RMB7,500 for the students from other colleges/ universities.

Accomodation Fee

1. UIC students (Non-graduates): RMB10/ Person/ Day

2. UIC graduates: RMB60/ Person/ Day

3. HKBU, HKCHC and other students: RMB60/ Person/ Day

Note: The standard fee for summer accommodation in student hostel for 2025 is subject to final confirmation.