introduction to economics

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Hong Kong Polytechnic University
School of Accounting and Finance

AF1605
INTRODUCTION TO ECONOMICS

Course Outline
First Semester 2013/2014

Subject Code:

AF1605

Subject Title:

Introduction to Economics

Mode of Study:

Lecture
Tutorial

28 hours
14 hours

Assessment:

Coursework
Final Examination

50%
50%

Minimum Pass Grade:

Coursework
Final Examination

D
D

Subject Lecturers
Dr Y.C. Chan
Dr Vincent Mok

Office: M853
Office: M844

Phone: 27667118
Phone: 27667950

Email: afycchan@polyu.edu.hk
Email: afvmok@polyu.edu.hk

Role and Purpose
This subject enables students to identify and analyze the means by which value is created in goods and services and delivered to users. It also identifies and analyzes those aspects of the domestic and global business environment that set the ‘parameter of choice’ within which business organizations set objectives and take actions.

Learning Outcomes
On successfully completing this subject, students will be able to
 Appraise the issues involved in the allocation of resources for individual economic agents and the economy as a whole.
 Conduct economic analysis of the behaviour of firms and markets.
 Evaluate the issues relating to the macroeconomy and analyze the effectiveness of government economic policy.

Textbook
Students can purchase the textbook Foundations of Economics (Customized version for
AF1605) from the PolyU bookstore. This book is a customized version of Foundations of
Economics (Sixth edition 2013) written by Robin Bade and Michael Parkin and published by
Pearson.

Attendance
Students are required to attend lectures and tutorials and their attendance will be recorded by their instructors.

1

Assessment Method

1. The assessment consists of coursework (50%) and final examination (50%). Students will receive a grade for the coursework and a grade for the examination. The overall grade for the subject is the average of the

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