E.g., this course on “intermediate microeconomics” does not carry out a term examination; instead the assessment of students’ credits is based on attendance, participation in class discussions, and evaluation of report assignments. Therefore, “no term examination” is an incentive for students who want to learn microeconomics. Put it differently, the cost of a student to enroll in this course is against the expected income if that student chose to work part-time (say in a convenient store like 7-Eleven or Family Mart, this foregone expected income is the opportunity cost), but the benefit is two credit hours for the student by studying in this course.