ECO1001 - Business Economics 1

Year of Study:1
Credit Units: 3
Duration: 45hours
Prerequisites: Nil
Module Description
This module serves to help students to develop an appropriate way of thinking about economics and to develop knowledge about how the economy and the market work. Students will be exposed to various theories and principles with a variety of examples. The module will also provide an opportunity for students to apply various economic tools to current economic issues.
Learning Outcomes
Upon completion of this module, students should be able to:
  1. identify and describe the elements and logic in basic microeconomic theories;
  2. demonstrate the ability to apply numerical and graphical tools in microeconomic analysis; and
  3. critically apply microeconomic theories to current economic issues and problems.