POLYTECHNIC OF NAMIBIA
COURSE OUTLINE
STATEMENT ABOUT ACADEMIC HONESTY AND INTEGRITY
All staff and students of the Polytechnic of Namibia, upon signing their employment contracts and
registration forms, commit themselves to abide by the policies and rules of the institution. The core activity
of the Polytechnic is learning and in this respect academic honesty and integrity is very important to ensure
that learning is valid, reliable and credible.
The Polytechnic therefore does not condone any form of academic dishonesty, including plagiarism and
cheating on tests and assessments, amongst other such practices. The Polytechnic requires students to always
do their own assignments and to produce their own academic work, unless given a group assignment.
Academic Dishonesty includes, but is not limited to:
• Using the ideas, words, works or inventions of someone else as if it is your own work.
• Using the direct words of someone else without quotation marks, even if it is referenced.
• Copying from writings (books, articles, web pages, other students’ assignments, etc.), published or
unpublished, without referencing.
• Syndication of a piece of work, all or part of an assignment, by a group of students, unless the
assignment was a legitimate group assignment.
• The borrowing and use of another person’s assignment, with or without their knowledge or
permission.
• Infringing copyright, including documents copied or cut and pasted from the internet.
• Asking someone else to prepare an assignment for you or to write or sit an assessment for you,
whether this is against payment or not.
• Re-submitting work done already for another course or programme as new work, so-called selfplagiarism.
• Bringing notes into an examination or test venue, regardless of whether the notes were used to copy
or not.
• Receiving any outside assistance in any form or shape during an examination or test.
All forms of academic dishonesty are viewed as misconduct under the Polytechnic Student Rules and
Regulations. Students who make themselves guilty of academic dishonesty will be brought before a
Disciplinary Committee and may be suspended from studying for a certain time or may be expelled. All
students who are found guilty of academic dishonesty shall have an appropriate endorsement on their
academic record, which will never be erased.
Course Information
COURSE CODE AND TITLE:
IMI611s
Intermediate Microeconomics
DEPARTMENT:
Accounting, Economics and Finance
1
PROGRAMME:
B. Economics
Academic Year
2015 Semester One
CONTACT HOURS:
Full time: THREE contacts hours per week plus ONE hour for revision per week [14:00 to 14:55 and 15:00
to 15:55].
Part time: THREE contacts hours per week.
Course Description:
Intermediate Microeconomics is a higher level course in Economics which is intended to help you think like
an economist. It provides you with a solid foundation in the analytical methods of Microeconomics, in
theory and in application. Intermediate Microeconomics examines elements of consumption and production
theory; theory of the firm; and market structures. In your first year, you covered the principles that form the
foundation of this course. Thus, Intermediate Microeconomics assumes that you have an adequate
foundation of microeconomic principles. We shall be building on that foundation and emphasise on
applications. If your knowledge of microeconomics principles is lacking / shaky, it is advisable that you take
time to review these prior to or concurrently with your lectures.
PRE-REQUISITES:
Principles of Microeconomics, Economics 1A (PMI511S)
COURSE DELIVERY METHODS:
Full time, Part Time and Distance Mode
THE FOLLOWING COMMUNICATION TOOLS WILL BE USED IN THIS COURSE:
Email, face to face and class activities
EFFECTIVE DATE:
04 February 2015 to 22 May 2015.
LECTURER INFORMATION
Mr. Pinehas Nangula
Email: pnangula@polytechnic.edu.na
Office phone: 2072492
Office location: Poly Height Room 205 Second floor
Office hours: Weekdays 07:30 to 12:30
Consultation hours: Monday
08:30 to 10:00
Thursday
17:00 to 18:15
Consultation hours: All lecturers are available for consultation with students. Consultation times can
be found on the doors of lecturers’ offices
2
Student Commitments and Contact Times:
●
You are expected to attend classes regularly (at least 80%) and submit the required two
assessments. Absence from lectures may be considered in the calculation of semester marks.
●
You may not use cell phones or any other devices that may cause disturbance during contact
hours.
PRESCRIBED TEXTBOOK
Microeconomics Sixth Edition, 2012, by Jeffrey Perloff. ISBN: 10 0-273-75460-2| ISNB-13: 978-0-27375460-2.
Please note that I am not obliged to follow the study guide: it is just but a study guide for distance
students
RECOMMENDED TEXTBOOKS
1. Microeconomics: An Integrated Approach (latest edition), by Besanko, D. and Braeutigan, R.R.
2. Intermediate Microeconomics and Its Application, 11th Edition 2010, by Walter Nicholson Amherst
College; Christopher Snyder Dartmouth College. ISBN-10: 0324599102 | ISBN-13: 9780324599107
3. Intermediate Microeconomics: A Modern Approach, Eighth Edition, 2009, by Hal. R. Varian. ISBN-10:
0393934241 | ISBN-13: 978-0393934243
4. Microeconomics, 8th Edition, 2012, by Pindyck, S. & Rubinfeld, D. ISBN-10: 013285712X | ISBN-13:
978-0132857123
5. Microeconomics, 3rd Edition, 2004 by Gravelle, H. and Rees, R. ISBN 0582404878
Note that there are other Microeconomics textbooks that cover the same materials as per your course outline.
I will make extensive use of the Perloff textbook which can be ordered through the local bookshops
Student Learning
Learning Outcomes:
By the end of this course of study, you should be able to:
• To master the basic tools of microeconomic analysis, including supply and demand analysis, optimal
production and pricing decisions by the firms, derivation of market equilibrium, measuring welfare and
efficiency in markets, and others.
• Be able to critically evaluate the behaviour of individuals and institutions.
• To learn how to analyse real-world economic interactions and market phenomena as well as the impact of
government policies, qualitatively and quantitatively.
Course Schedule:
Topic
Assignments
Introduction: Supply and Demand
Demand curves and functions; supply curves and functions;
market equilibrium; shocking the system; effects of government
interventions in the market. Chapter 2
3
Application of the Supply- and – Demand Model
Shape of supply and demand curves, sensitivity of quantity
demand to price, sensitivity of quantity demanded to price and
effects of a sales tax. Chapter 3
Consumer Theory
Preferences, Utility, budget constraint and constraint consumer
choice. Chapter 4
Application of the consumer theory
Deriving demand curve, Change income and demand curve,
effects of a price change. Chapter 5
Theory of Production and the Demand for Factors of
Production
The short and long run production function; total, marginal and
average concepts; output elasticity; concepts of marginal
revenue product and the link with the demand for factors of
production; demand for factors under perfect and imperfect
competition. Chapter 6
Theory of costs
Nature of costs, short and long-costs
Introduction to market structures
Chapter 8, 11 and 13
Important Dates:
NOTE: It is expected of you to submit two assessments for this course. If you miss an assessment with a
valid reason, you are expected to inform your lecturer as soon as possible, and provide sufficient proof of
such reason.
Late submission of assignments is not allowed, this rule is strictly enforces. No submission on time no
marking of assignments. No exceptions will be made.
Date
Important Information
18 March 2015
First assessment
16 April 2015
Second assessment
29 April 2015
Supplementary assessment
22 May 2015
End of classes
Assessment and Evaluation:
Assessment
Weight
Assessment one
50%
Assessment two
50%
Total:
100%
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To get admission to the examination, you must have a semester mark of 40%
Your semester mark and examination mark will be used jointly to determine your final mark in the ratio
40:60.
To pass the course, you should obtain a final mark of at least 50%.
Additional information:
• Lecturer are not obliged to allow access to the supplementary assessment to students who already have
examination admission.
Course Policies
General Academic Policies:
It is the student's responsibility to be familiar with and adhere to the Polytechnic’s Policies. These Policies
can be found in the Polytechnic Prospectus or online at www.polytechnic.edu.na/prospectus.
Failure to Pay Fees:
A student who fails to pay his/her fees may not be allowed to write the examination and if allowed, the
results will be withheld until all outstanding fees are paid in full.
Important Student Services at PoN
There are a variety of services which you can use at the PoN. These services are to your advantage – Use
them!!! They include the following:
•
•
•
Student Counseling and Career Development - Dean of Students Office.
Writing centre and student academic problems – Centre for Teaching & Learning (CTL)
Campus Health and Wellness Centre (CHWC) - Dean of Student’s office/ PoN Clinic
Authorisation:
This course is authorized for use by:
___________________________________
Section Head
February 2014
__________________________
Date
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ACKNOWLEDGEMENT BY STUDENT
I…………………………………………………… (…………………………), hereby acknowledge that I
have received this course outline for (Intermediate Microeconomics IMI611s), and that I have familiarised
myself with its content, in particular the statement about academic honesty and integrity. I agree to abide by
the Policies and arrangements spelt out in this course outline.
Signature of student
Date
6