INTERMEDIATE MICROECONOMICS

Course Description

The course will cover fundamental concepts of microeconomics through the comprehensive discussion of consumer behavior, derivation of individual and market demand, production theory, cost and competitive and noncompetitive market structures. This course aims to give students a strong introductory theoretical framework in microeconomics, thus equipping them with tools for managerial and public policy decision-making. Topics covered include Consumer Theory, Production Theory, Cost of Production and Market Structures. The course, is appropriate for the students with diverse background, provides logical entry point for those intending to pursue their careers in Economics, Business Administration and Banking & Finance, and Accounting & Finance programs.

INTERMEDIATE MICROECONOMICS

Evaluation Tools (Active Term)

Course outcomes

No course outcomes have been defined yet.

Course Syllabus

Reference Books & Course Materials

1. 01 PYNDICK R. and RUBINFELD D "Microeconomics" ISBN: 978-1-292-21-331-6

Learning Outcomes

1. L01 To provide a strong introductory theoretical framework in microeconomics. SOLO 3
2. L02 To give students tools for managerial and public policy decision making. SOLO 4
3. L03 To endove the students with detailed information on topics including Consumer Theory, Production Theory, General Equilibrium and Welfare Economics. SOLO 3
4. L04 To provide logical entry point for those intending to pursue their careers in Economics, Business Administration and Banking and Finance. SOLO 4

Program Outcomes

1. P01 PO1: Engaged in insightful thinking leading to self-learning and lifelong learning.
2. P02 PO2: Established a general knowledge of economics sufficient to work independently through specific learned techniques generated via individual efforts and study.
3. P03 PO3: Reached the required knowledge and skills to understand social, economic and legal issues both within national, international and global contexts and apply theoretical knowledge of economics to practice.
4. P04 PO4: Adopted the ability to critically evaluate, analyze and interpret information gathered through the use of related statistical software programs to suggest creative solutions for economic problems and make relevant economic decisions.
5. P05 PO5: Been aware of gathering and analyzing data through the application of appropriate technological tools in an ethical and safe manner in order to generate economic decisions and policy suggestions.
6. P06 PO6: Been equipped with conceptual and analytical skills essential for team-working and collaborations for economic decision making for a variety of economic concepts in national and global environment.
7. P07 PO7: Endowed with both oral and written communication skills within the economic field to effectively study and work in an international environment
8. P08 PO8: Been able to transfer theoretical knowledge to real life economic environment: to generate policies for microeconomic and macroeconomic problems faced by individuals, firms and governments at national, international and global context.
9. P09 PO9: Developed an ability to apply economic analysis to everyday problems in real world through the development of ethical perspectives and social responsibilities at work and in personal life.

Po-Lo Matrix