HONG KONG BAPTIST UNIVERSITY

COURSE OUTLINE

1. COURSE TITLE

Microeconomics

2. COURSE CODE

ECON7790

3. NO. OF UNITS

3 Units

4. OFFERING DEPARTMENT

Master of Science in Applied Economics

5. PREREQUISITES

Nil

6. MEDIUM OF INSTRUCTION

English

7. AIMS & OBJECTIVES

This course presents the basic concepts and analytical tools of modern microeconomic
theory with applications. It covers consumer theory, producer theory, choice under
uncertainty, market and competition, strategic behaviors and information economics.

8. COURSE CONTENT

I. A Review of the Market Model

II. Consumer Theory
III. Producer Theory
IV. Perfect Competition
V. Market Power
VI. Market Failure, Externalities and Public Goods
VII. General Equilibrium and Welfare
VIII. Uncertainty and Strategy

9. COURSE INTENDED LEARNING OUTCOMES (CILOs)

 CILO By the end of the course, students should be able to:
CILO 1 Explain the behaviour of producers and consumers using rigorous economic
models.
CILO 2 Appraise the efficiency of an economy with decentralized decision making
through partial and general equilibrium frameworks.
CILO 3 Formulate refutable hypotheses of individual and market activities based on
optimization behavior.
CILO 4 Analyze economic problems involving strategic behaviour and uncertainy.

10. TEACHING & LEARNING ACTIVITIES (TLAs)

CILO Type of TLA

alignment
1~4 Lecture, Exercises and Problems
1, 2, 4 Student Presentation

11. ASSESSMENT METHODS (AMs)

Type of Weighting CILOs to be Description of Assessment Tasks

Assessment addressed
Methods
Class 20 % 1,2,4 Student Presentation
Participation
/ Discussion
Assignments 20 % 1~4 Exercises & Problems
Group 20 % 1~4 Group Project/Paper
Project
Examination 40 % 1~4 Written Examination

Last Update: 2022-04-27

Published Date: 2023-07-11

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