Page 55 - FBA UG PROGRAMME HANDBOOK 2017

CIX1001 PRINCIPLES OF MICROECONOMICS 3 Credits
Synopsis :
This course will expose students to basic principles of economics such as limited resources and choice and how
price theory, production theory and distribution theory was developed based on these basic principles.
Discussion on price theory covers demand and supply models, elasticity, consumer behavior and the demand
curve, firm behavior and the supply curve. Production and cost theory will cover theory of the firm within
various market structures, while distribution theory will discuss factors of price determination such as labour
and capital.
Course Pre-requisite(s) : None
Assessment Methods : Continuous Assessment : 50%, Final Examination : 50%

CIX1002 PRINCIPLES OF MACROECONOMICS 3 Credits
Synopsis :
This course will expose students to macroeconomic issues and problems and concepts of basic measurements
and calculation of a country’s economic progress. Students will also be exposed to basic models of income
determination for an open and closed economy, and theories explaining the relationship between government
expenditure and taxes. The impact of government’s fiscal and monetary policies on business activities namely
production on capital and consumer goods are also disclosed to students.

Course Pre-requisite(s) : None
Assessment Methods : Continuous Assessment : 50%, Final Examination : 50%

CIX1003 BUSINESS STATISTICS 3 Credits
Synopsis:
Topics that will be discussed include terminology and uses of statistics, presentation of descriptive data,
concept of probability, discrete and continuous random variables, statistical inference mainly in sampling and
hypothesis testing. Techniques such as t-test, chi-squared test, analysis of variance (ANOVA), linear regression
and correlation will also be discussed.

Course Pre-requisite(s) : None
Assessment Methods : Continuous Assessment : 50%, Final Examination : 50%

CIX1004 QUANTITATIVE ANALYSIS FOR BUSINESS 3 Credits
Synopsis :
This course aims to expose students to the importance of developing logical thinking especially in business-
related problems. Topics include introduction to algebra, linear and non-linear functions, exponential functions,
differentiation and integration and matrix algebra.

Course Pre-requisite(s) : None
Assessment Methods : Continuous Assessment : 50%, Final Examination : 50%

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