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DESCRIPTION OF CORE COURSES
CIX1001 PRINCIPLES OF MICROECONOMICS 3 Credits
Synopsis:
This course will expose students to basic principles of microeconomics such as limited resources and choices and how
the price theory and the production theory are developed based on these basic principles. Discussion on price theory
covers demand and supply models, elasticity and consumer behavior. Failure of the market will also be
covered. Production and cost theory will cover theory of the firm within it various market structures together with its
efficiency.
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, differentiation, linear programming, matrix algebra
and simple and compound interest.
Course Pre-requisite(s) : None
Assessment Methods : Continuous Assessment: 50%, Final Examination: 50%