COURSE OUTLINE (FALL-2013)
Class:
BBA-1 (A)
Course:
BA1102 Microeconomics
Instructor:
Sindhu Dawani
Class details
Class Timing and
Room
08:00 - 11:00 Room 206
Session Day(s)
Thursday
Credit Hours:
3/class hours(per week) | 0/lab hours(per week)
Course
Prerequisites:
None
Consultation Time
After class
Email
sindhudawani@hotmail.com
Contact #
03212221046
Course Description
Microeconomics studies how the individual parts of the economy, the household and the firms, make
decisions to allocate limited resources. This course will be based on a comprehensive study of the
market structures. It will also deal with application of demand and supply, cost analysis and factors of
production.
Course Objective
The objective of the course is to built the fundamental concepts of Economics related to demand and
supply and built the understanding how individual units in the economy (households and firms) take
decisions regarding allocation of resources.
Learning Outcomes
LO1. Explain the relationship between scarcity, choice and opportunity cost. LO2. Analyze the factors
that affect demand and supply. LO3 Explain how consumers optimize their level of satisfaction through
economic decisions. LO4 Analyze how firms optimize their profits. LO5 Explain different market
structures.
Teaching and Learning Methodology
To successfully participate in the class the students are advised to read economic articles from national
and international newspapers and keep themselves aware on the microeconomic issues. There will be
snap quizzes in the class to evaluate the preparation of the students for each session.
Materials and Supplies
Calculators
Expected Class Conduct
All the students are expected to come prepared for the class in advance by going through the text from
the prescribed book according to the course outline. The emphasis during the session will be on
understanding the microeconomic concepts and their relationship with the real world issues.
Course Plan
Week Chapters
Session Topic
Assesments %
1
Limits, Alternatives, Definition of Economics, Micro Economics,
N/A
and Choices Chapter 1 Macroeconomics, Scarcity, Choice and Opportunity Cost.
2
Limits, Alternatives,
Production Possibility Frontier.
and Choices Chapter 1
3
Demand, Supply and
Market Equilibrium
Chapter 3
Demand, Supply, Determinants of Demand and Supply,
N/A
How Supply and Demand Determine Market Equilibrium
4
Demand, Supply and
Market Equilibrium
Chapter 3
How changes in Demand and Supply affect equilibrium
price and quantity What government-set prices are and
how they can cause product surpluses and shortages.
How Supply and Demand analysis can add insights on
actual- economy situations.
5
Elasticity, Consumer About Price Elasticity of Demand and its application,
Surplus, and Producer Total revenue test for price elasticity of demand, Price
Surplus Chapter 6
Elasticity of supply and Its application
N/A
6
Elasticity, Consumer
Cross and Income Elasticity of demand, Consumer
Surplus, and Producer
Surplus, Producer Surplus and efficiency losses.
Surplus Chapter 6
N/A
7
Consumer Behavior
Chapter 7
Mid Term +Utility, Marginal Utility and Law of
Diminishing Marginal Utility
N/A
8
Consumer Behavior
Chapter 7
Equi Marginal Principle
N/A
9
The Cost of
Fixed and Variable Costs Firms’ size and average cost in
Production Chapter 8 the long run
N/A
N/A
N/A
10
The Cost of
Average cost in the long run
Production Chapter 8
11
Pure Competition
Chapter 9
Four Basic Market Models Profit, Conditions for Pure
Competition Maximization, Supply Curve of Pure
Competition
N/A
12
Pure Competition
Chapter 9
Constant cost, increasing cost and decreasing cost
industries.
N/A
13
Pure Monopoly
Chapter 10
Pure Monopoly Characteristics, Profit Maximizing output
and price.Economic Effects of Monopoly Price
N/A
discrimination
14
Monopolistic
Characteristics of Monopolistic Competition, Normal
Competition Chapter
Profit in monopolistic competition.
11
N/A
15
Oligopoly Chapter 11 Characteristic of Oligopoly, Kinked Demand Curve,
+ Appendix
Incentives and Obstacles to Collusion+ Game Theory
N/A
N/A
Text Book
Economics, McConnell/Brue/Flynn, 18th Edition, McGraw-Hill,2009.
Reference Books
1 Economics, Samuelson/Nordhaus, 18th Edition, McGraw-Hill,2005.
Course Pre-Requisites
None
Marks Distribution
Marks Head
Total
Total
Marks
Frequency Exempted /Frequency
Total Marks
/Head
For D Grade
Holder(s)
Quiz
6
1
2
10
Included
Assignment/
Article
Presentation
3
1
5
10
Included
Final Paper
1
0
35
35
Included
Mid Term Paper
1
0
30
30
Included
Class
Participation
1
0
5
5
Included
Presentation
1
0
10
10
Included
Total Marks
100
Learning
Outcomes
100 (For DGs)
Attendance Policy
Prompt arrival and regular attendance are extremely important. For Academic policy refer to student
handbook for policies on late entry, maximum absences allowed, leave application etc.
Students with Physical or Educational Challenges
Students with educational and/or physical challenges are entitled to extra attention and time from the
instructor. Therefore students are advised to notify the course instructor at the beginning of the course.
Special arrangement may also be made on prior request based on specific challenges.
Academic Integrity
This course seeks to empower students for independent learning, resourcefulness, clear thinking, and
perception. All submitted work and activities should be genuine reflections of individual achievement
from which the student should derive personal satisfaction and a sense of accomplishment. Plagiarism
and cheating subvert these goals and will be treated according to the policy stated in the Student
Handbook. The instructor reserves the right to utilize electronic means to help prevent plagiarism.
Comments and/or Suggestions
Students and Instructors may contact the Institutional Research Department if there is a need to make
suggestions or comments that can help further improve the course. A link is also provided on your
ZABDESK account for frequent and trouble-free feedback. The Institutional Research Department would
like to hear your feedback about the following:
Students
Course Content/ thoroughness
Lecture Delivery/Supplementary Material
Facilities/Labs/Software/Hardware Support
Course alignment with learning outcomes
Any other comments/feedback
Instructors
Availability of teaching material
Facilities/Internet/Administrative Support
Labs: Software/Hardware/Technical support
Availability and quality of Teaching Instruments
Any other comments/feedback