307795 (v.1) Economics (Principles) 515

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Area:	School of Economics and Finance
Credits:	25.0
Contact Hours:	3.0
Lecture:	1 x 2 Hours Weekly
Tutorial:	1 x 1 Hours Weekly
Syllabus:	Provides an introduction to economic analysis covering key principles in both microeconomics and macroeconomics. Incorporates traditional theory topics such as the economics of markets, price determination, market structures, business cycles, economic growth, inflation and unemployment, international trade, and economic policy. Emphasises the application of economic theory to real world events.
Unit Outcomes:	On completion of this unit students will have - Gained a good working knowledge of basic economic theory and policy to be able to read and understand economic commentaries in the financial press. Gained understanding of the economic way of thinking, market demand and supply and different market structures. Developed an understanding of the principles of international trade, business cycles and economic growth and macroeconomic policy. Gained skills in applying economic theory to analyse real world events.
Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.
Unit References:	Gans, J., King, S. and Mankiw, N.G. (2002). Principles of Economics, 2nd ed. Southbank, Thompson Nelson. Frank, R. and Bernanke, B. (2001). Principles of Economics. New York, McGraw Hill Irwin. McTaggart, D., Findlay, C. and Parkin, M. (2002). Economics, 4th ed. Australia, Addison Wesley.
Unit Texts:	Layton, A., Robinson, T. and Tucker, I. (2002). Economics For Today. Southbank, Thompson.
Unit Assessment Breakdown:	Assignment 25%. Mid Semester test 25%. Final Exam 50%. This is a grade/mark assessment.
Year Location Period Internal Area External Central External 2004 Open University HK Trimester 1A Y     2004 Open University HK Trimester 3A Y