BFFS2101 - Economics
Overview
This course provides a comprehensive introduction to economic principles and develops students’ ability to analyse how individuals, businesses, and governments make decisions under conditions of scarcity. Students study opportunity cost, incentives, market interaction, demand and supply, elasticity, government intervention, consumer and producer welfare, production, costs, and market structures.
The course also introduces macroeconomic and international perspectives, including GDP, economic growth, inflation, unemployment, money and prices, economic fluctuations, international trade, and policy effects. Students practise interpreting graphs, economic indicators, and quantitative evidence to evaluate real-world economic events and business conditions.
In alignment with the current Management curriculum, the course extends economic reasoning to contemporary digital and AI-driven transformation by examining how technological change can influence productivity, competition, market structure, employment, and strategic business adaptation. Ethical academic practice and responsible use of evidence are embedded throughout the course.
Learning Hours Composition:
- 42 hours face to face, consisting of 14 sessions of lecturing, tutorial or workshop.
- 28 hours of Structured Learning and Guided Group Discussions
- 65 hours of Independent, Project-Based Learning
Managing Faculty:
Credit Point:
3 Credit(s)
Learning Hours:
45 hours x 3 CPs = 135 hours
