EC1101E: Introduction to Economics
AY2012/2013, Semester 1, Lecturers: Connie Chung, Ho Kong Weng
Course Coverage:
1. Fundamental of Economics: Scarcity, Choice & Economic Systems
2. Supply, Demand & Government Interventions
3. Elasticities
4. Cost, Revenue & Profit
5. Market Structure: Perfect Competition, Oligopoly and Monopoly
6. GDP, Employment & Price
7. Classical Model & Economics Growth
8. Short Run Fluctuations & Fiscal Policies
9. Bank & Monetary Policies
10. Exchange Rate & Macroeconomic Policies
All FASS modules with the suffix 'E' are exposure modules, which are bridging modules for students with no prior background in the subject of study. This module is a necessary prerequisite to major in economics, which provides a very brief run-through of everything that is covered in GCE A-Level H2 Economics. Hence, students with the relevant background will have an advantage of others who don't.
Classical model is presented in a more comprehensive manner, but it's the most simple model of a closed economy, so most student will find this module rather easy, resulting in a very competitive grading. So don't be shocked if you get a B+ when you think you have scored over 80%.
It is worthy to take note that this module focus on concepts and doesn't need much mathematics except for addition, subtraction, multiplication and division, and hence is a big misrepresentation of all higher level economic modules.
Workload: Very Light
Difficulty: Very Easy
Grade: A-
Course Coverage:
1. Fundamental of Economics: Scarcity, Choice & Economic Systems
2. Supply, Demand & Government Interventions
3. Elasticities
4. Cost, Revenue & Profit
5. Market Structure: Perfect Competition, Oligopoly and Monopoly
6. GDP, Employment & Price
7. Classical Model & Economics Growth
8. Short Run Fluctuations & Fiscal Policies
9. Bank & Monetary Policies
10. Exchange Rate & Macroeconomic Policies
All FASS modules with the suffix 'E' are exposure modules, which are bridging modules for students with no prior background in the subject of study. This module is a necessary prerequisite to major in economics, which provides a very brief run-through of everything that is covered in GCE A-Level H2 Economics. Hence, students with the relevant background will have an advantage of others who don't.
Classical model is presented in a more comprehensive manner, but it's the most simple model of a closed economy, so most student will find this module rather easy, resulting in a very competitive grading. So don't be shocked if you get a B+ when you think you have scored over 80%.
It is worthy to take note that this module focus on concepts and doesn't need much mathematics except for addition, subtraction, multiplication and division, and hence is a big misrepresentation of all higher level economic modules.
Workload: Very Light
Difficulty: Very Easy
Grade: A-