This is a compulsory core module for all students taking economics programmes. The course is divided into (i) microeconomics and (ii) macroeconomics. Microeconomics covers general equilibrium analysis under perfect competition and market failure (externalities, public goods and imperfect information). Welfare economics is also dealt with. Macroeconomics covers expectations and introduces students to growth theory.

DP requirements: All class tests and assignments/essays/projects to be completed. A weighted average mark of 40% for tests, tutorials, essays and assignments. Only students who have obtained DP certificates may write the final examination.

Assessment: Classwork (tests, tutorials and assignments/essays/projects) 40% June examination 60% The course outline will detail the breakdown for submission weighting and variation for exemptions and absences.

*Course content subject to change