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Microeconomics Lec1

In: Business and Management

Submitted By salmanulhaq
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PRINCIPLES OF MICRO-ECONOMICS
COURSE OUTLINE – FALL 2012
CREDIT HOURS
DURATION
DEPARTMENT
COURSE LEVEL
RESOURCE PERSON
OFFICE HOURS
E-MAIL

3
17 weeks
Finance and Business Economics Division
Core
Prof. Taimoor Qureshi
By Appointment taimoor.qureshi@ucp.edu.pk COURSE DESCRIPTION

Principles of Microeconomics is an introductory course that teaches the fundamentals of microeconomics. This course introduces microeconomic concepts and analysis, supply and demand analysis, theories of the firm and individual behavior, competition and monopoly, and welfare economics. Students will also be introduced to the use of microeconomic applications to address problems in current economic policy throughout the semester.
COURSE OBJECTIVES
After studying this course the students should be able to:





Understand the basic concepts of the subject.
Understand the application of the tools of demand and supply for efficient resource allocation and profit maximization. Identify core economic issues related to business firms.
Comprehend the benefits of market efficiency.
GRADING PLAN

TYPE
Quizzes
Assignments
Final Projects
Midterm examination
Final term examination
Total

PERCENTAGE (%)
10
10
10
30
40
100

CALENDER OF ACTIVITIES
WEEK
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17

CONTENTS

TASKS/ACTIVITIES

Introduction to Economics • Basic Concepts – I
Class Introduction
Introduction to Economics • Basic Concepts – II
Utility
Assignment 1 Due
Demand
Supply
Quiz 1
Markets - I
Markets - II
Mid-Term
Midterm Exam
Market Analysis: shares, currency, and labor markets
Market Failures and Imperfections
The Fundamental Economic Problems
Assignment 2 Due
Costs and Revenues
Analyzing Market Structure - I
Quiz 2
Analyzing Market Structure - II
Final review
Research Projects Week
Group...

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