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DESCRIPTION OF FACULTY 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%

CIB1001 MANAGEMENT 3 Credits

Synopsis:
In general, this course will cover the four major principles of management, i.e. planning, organizing, leading and controlling.
These four principles make up the management process. Description of management process will be explained in terms of
the changes in the environment, particularly the way globalization affect management. In this course, students will be also
exposed to other important aspects of management such as ethics and social responsibility, decision making, organization’s
culture, etc.
Course Pre-requisite(s) : None
Assessment Methods : Continuous Assessment: 50%, Final Examination: 50%