Microeconomics. Basic Information
|
|
- Moses Rodgers
- 5 years ago
- Views:
Transcription
1 Microeconomics Basic Information Title: Microeconomics Code: ECN101 Credit Hours: 3 C.H. Prerequisite(s): None Classification: Compulsory Faculty Core Course Description Microeconomics is a basic core course for business students. It provides students with basic knowledge and skills of economic analysis at the firm level. These knowledge and skills are essential for the day-to-day decision making process in businesses. This course also provides skills and knowledge required for further business courses such as marketing, productions and operations, financial analysis and reporting, finance and human resources management. The course is an undergraduate course that provides basic skills, knowledge and tools/instruments of economic analysis at the micro (firm or unit) level. Learning Objectives To provide students with knowledge and skills required for understanding resource allocation within business organization, consumer choice, market demand and supply, production technologies and costs, market structure, and factor markets. To help student acquire skills and techniques necessary for market analysis and choice of production technologies and techniques. To provide students with tools and instruments to analyze day-to-day economic decision at the firm level. To enhance student capabilities to conduct simple analysis of managerial and industrial economic topics at the firm level. Learning Outcomes Upon completing of microeconomics, students should be able to do the following: Describe the basic economic problem of scarcity and to identify opportunity costs.
2 Explain how prices allocate scarce resources and to predict price changes from changes in demand and supply. Measure and interpret elasticity and its relationship to total revenue changes. Describe consumer choice through utility theory and to understand its strengths and limitations. Analyze production technologies (techniques) in the short and long runs. Characterize and identify economic costs of production. Identify different market structures and the consequent differences in firm behavior. Describe how markets can fail to achieve the optional allocation of scare resources and to identify alternative allocating mechanisms. Explain how wages, interest, rent and profits are determined and measured. Course Outline Chapter 1: Basic Concepts. 1-1: Introduction to Economics 1-2: Factors of Production 1-3: Field of the Economic Theory 1-4: Microeconomics and Scarcity 1-5: Economic Models 1-6: The Opportunity Cost 1-7: The Production Possibility Frontier 1-8: Economic Systems Chapter 2: Price Determination. 1-9: Specialization and Exchange 2-1: Introduction to Demand and Supply 2-2: Demand 2-3: Supply 2-4: Demand and Supply Together (The Market Equilibrium)
3 Chapter 3: Market Equilibrium. 3-1: Introduction to Market Equilibrium 3-2: The Effect of Changes in Demand on Market Equilibrium 3-3: The Effect of Changes in Supply on The Market Equilibrium 3-4: The Effect of Price Control 3-5: The Consumer and Producer Surplus 3-6: Demand and Supply Equations Chapter 4: Consumer Choice. 3-7: The Four-Step Procedure 4-1: Price Elasticity of Demand 4-2: Income Elasticity of Demand 4-3: Cross Elasticity of Demand 4-4: Elasticity of Supply 4-5: Elasticity and Total Expenditure 4-6: Determinants of Elasticity Chapter 5: Applying Consumer Theory. 5-1: Introduction 5-2: preferences 5-3: Utility 5-4: Budget Constraints Chapter 6: Production Function and Firm Behaviour. 6-1: Introduction 6-2: The Behaviour of Firms 6-3: Types of Costs and Profits 6-4: Short and Long-run Production 6-5: The Production Function
4 Chapter 7: Cost Functions and Cost Curves. 7-1: What Are Cost Functions? 7-2: Long-term Costs 7-3: Short-run Costs 7-4: The Long-run Production Costs 7-5: Different Scales of Production 7-6: Economies of Scale Chapter 8: Market Structure. 8-1: Market Structure 8-2: Types of Market Structures 8-3: Perfect Competition Chapter 9: Pure Monopoly Market Structure. 9-1: Pure Monopoly Market Structure 9-2: Price and Output Decisions for A Monopolistic in The Short-run 9-3: Demand and Marginal Revenue for A Monopolistic 9-4: Profit Maximization for Monopoly 9-5: Price and Output under A Natural Monopoly Chapter 10: Market of Production Factors. 9-6: Comparison of Perfectly Competitive Firms and A Monopoly 10-1: Market for The Production Factors 10-2: Factor Demand in The Short-run 10-3: Average and Marginal Products of Labor 10-4: MRP Schedules for Competitive Firm and Monopolist 10-5: Factor Demand in The Long-run 10-6: Industry Demand for Factors of Production
5 10-7: The Supply of Factors of Production in Perfect Competition 10-8: Factor Market Equilibrium and Economic Rent *Delivery mode of each topic will be determined by instructor and could differ from one semester to the other.
24TECO 202 COURSE OUTLINE. Prerequisites: None. Course Description:
Lecture 24TECO 202 24TPrinciples of Microeconomics COURSE OUTLINE Revised: Fall 2015 Prerequisites: None Course Description: Introduces the basic concepts of microeconomics. Explores the free market concepts
More informationECON 120 Principles of Microeconomics
South Central College ECON 120 Principles of Microeconomics Common Course Outline Course Information Description Total Credits 3.00 Total Hours 48.00 Types of Instruction Microeconomics is the study of
More informationMicro Semester Review Name:
Micro Semester Review Name: The following review is set up to emphasize certain concepts, graphs and terms. It is the responsibility of the individual teachers to emphasize and review the analysis aspects
More informationContents. Introduction
Contents Chapter 1 Introduction Introduction to Economics... 1 Meaning of Economics... 1 Definitions of Economics... 2 Introduction to Economic Theory... 3 The Structure of Theories... 5 Importance of
More informationNew syllabus of B.Com Part-1 effective from 2006
New syllabus of B.Com Part-1 effective from 2006 ECONOMIC ANALYSIS AND POLICY MICRO ECONOMICS 2 questions, 40 Marks CHAPTER 1 1NTRODUCTION 1 Basic concepts 2 Definition 3 Micro and macro approach to economic
More informationEASTERN ARIZONA COLLEGE Principles of Microeconomics
EASTERN ARIZONA COLLEGE Principles of Microeconomics Course Design 2017-2018 Course Information Division Business Course Number BUA 223 (SUN# ECN 2202) Title Principles of Microeconomics Credits 3 Developed
More informationHill College P.O. Box 619 Hillsboro, Texas COURSE SYLLABUS PRINCIPLES OF MICROECONOMICS. Prepared by: T. SMITH Date: JANUARY 2010
Hill College P.O. Box 619 Hillsboro, Texas 76645 COURSE SYLLABUS Course Prefix and Number ECON 2302 Course Title PRINCIPLES OF MICROECONOMICS Prepared by: T. SMITH Date: JANUARY 2010 Approved by: Division
More informationPROGRAMME: B.COM (FIRST YEAR) COURSE: BUSINESS ECONOMICS I PAPER: MICRO ECONOMICS-01
PROGRAMME: B.COM (FIRST YEAR) COURSE: BUSINESS ECONOMICS I PAPER: MICRO ECONOMICS-01 (Choice Based Credit System with Effect from the Academic Year 2018-19) 1. Name of the Programme: : B.COM 2. Paper Code
More informationEcn Intermediate Microeconomic Theory University of California - Davis June 11, 2009 Instructor: John Parman. Final Exam
Ecn 100 - Intermediate Microeconomic Theory University of California - Davis June 11, 2009 Instructor: John Parman Final Exam You have until 8pm to complete the exam, be certain to use your time wisely.
More informationIntroduction to Business (Managerial) Economics
Contents Unit 1 Introduction to Business (Managerial) Economics Meaning of Managerial Economics... 2 Definitions of Managerial Economics... 2 Features (Characteristics) of Managerial Economics... 5 Nature
More informationADVANCED PLACEMENT MICROECONOMICS Maple Grove Senior High School Jeff Rush Social Studies Department
ADVANCED PLACEMENT MICROECONOMICS Maple Grove Senior High School Jeff Rush rushj@district279.org Social Studies Department Required textbook Economics, McConnell and Brue, 17 th edition, 2008. Course description
More informationInput Demand: The Labor and Land Markets
Chapter 10 Input Demand: The Labor Prepared by: Fernando & Yvonn Quijano 2007 Prentice Hall Business Publishing Principles of Economics 8e by Case and Fair Input Demand: The Labor 1 2 10 Chapter Outline
More informationCourse Description: Objectives: Grading:
Boise State University Principals of Microeconomics ECON 202, Section 001, Liberal Arts Building, Room LA 106, Spring Semester 2011 Instructor: John Church Textbook: Exploring Microeconomics BSU Phone:
More informationEcn Intermediate Microeconomic Theory University of California - Davis December 10, 2009 Instructor: John Parman. Final Exam
Ecn 100 - Intermediate Microeconomic Theory University of California - Davis December 10, 2009 Instructor: John Parman Final Exam You have until 12:30pm to complete this exam. Be certain to put your name,
More informationManagerial Economics, 01/12/2003. A Glossary of Terms
A Glossary of Terms The Digital Economist -A- Abundance--A physical or economic condition where the quantity available of a resource exceeds the quantity desired in the absence of a rationing system. Arbitrage
More informationUNIT 4 PRACTICE EXAM
UNIT 4 PRACTICE EXAM 1. The prices paid for resources affect A. the money incomes of households in the economy B. the allocation of resources among different firms and industries in the economy C. the
More informationSCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME END SEMESTER EXAMINATION JULY 2016
All Rights Reserved No. of Pages - 08 No of Questions - 08 SCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME END SEMESTER EAMINATION JULY 2016 BEC 30325 Managerial
More informationMicroeconomics: MIE1102
TEXT CHAPTERS TOPICS 1, 2 ECONOMICS, ECONOMIC SYSTEMS, MARKET ECONOMY 3 DEMAND AND SUPPLY. MARKET EQUILIBRIUM 4 ELASTICITY OF DEMAND AND SUPPLY 5 DEMAND & CONSUMER BEHAVIOR 6 PRODUCTION FUNCTION 7 COSTS
More informationFinal Term Examination Spring 2006 Time Allowed: 150 Minutes. Question No. 1 Marks :1. Question No.
www.vustuff.com WWW.VUTUBE.EDU.PK ECO402 Microeconomic s Final Term Examination Spring 2006 Time Allowed: 150 Minutes Question No. 1 Marks :1 Economies of scale and economies of scope are synonymous. Question
More informationAP Microeconomics UNIT 1: WHAT IS ECONOMICS? LESSON 1: WHAT IS ECONOMICS?
Advanced Placement AP Microeconomics AP* Microeconomics studies the behavior of individuals and businesses as they exchange goods and services in the marketplace. Students will learn why the same product
More informationGACE Economics Assessment Test I (038) Curriculum Crosswalk
Subarea I. Fundamental Economic Concepts (20%) Objective 1: Demonstrates an understanding of the fundamental concepts of economics A. Understands the concepts of scarcity, choice, and opportunity cost
More informationContents EXPLORING ECONOMICS
Contents About the authors I-5 Preface to second edition I-7 Chapter-heads I-9 Syllabus : Choice Based Credit System (CBCS) I-19 1 EXPLORING ECONOMICS 1.1 Why study economics? 1 1.2 Meaning of economics
More informationFaculty of Economics, Thammasat University EE 211 Principles of Microeconomics (3 credits)
Faculty of Economics, Thammasat University EE 211 Principles of Microeconomics (3 credits) Semester 1/2014 ----------------------------------------------------------------------------------------------
More informationFaculty of Economics, Thammasat University EE 211 Principles of Microeconomics (3 credits)
Lecture Time: Lecture Venue: Instructor: Faculty of Economics, Thammasat University EE 211 Principles of Microeconomics (3 credits) Semester 1/2015 ----------------------------------------------------------------------------------------------
More informationCase: An Increase in the Demand for the Product
1 Appendix to Chapter 22 Connecting Product Markets and Labor Markets It should be obvious that what happens in the product market affects what happens in the labor market. The connection is that the seller
More informationSyllabus. Required Text Book: Microeconomics 20/e - Author: McConnell/Brue/Flynn, ISBN #: , Publisher: McGraw-Hill
Department Of Economics Rutgers the State University 75 Hamilton St, NJ Hall New Brunswick, NJ 08901-1248 Syllabus Course: Intro to Micro Economics (01:220:102:08) Spring 2017 Instructor: Michael Elgawly
More informationBachelor of Business Marketing
Bachelor of Business Marketing BMKF15 The Bachelor of Business in Marketing is a four-year degree composed of two academic programs completed in the 2+2 system as follows: 1 st two years: BDKS16: total
More informationPostgraduate Diploma in Marketing December 2017 Examination Economic and Legal Impact (Econ)
Postgraduate Diploma in Marketing December 2017 Examination Economic and Legal Impact (Econ) Date: 20 December 2017 Time: 0830 Hrs 1130 Hrs Duration: Three (03) Hrs ) Total marks for this paper is 100
More informationPROGRAMME: Interdepartmental Programme of Postgraduate Studies in Business Administration (M.B.A.)
PROGRAMME: Interdepartmental Programme of Postgraduate Studies in Business Administration (M.B.A.) Compulsory Course: Principles of Economic Theory and Policy Semester: 1st Instructors: Velentzas Konstantinos,
More informationESSENTIAL KNOWLEDGE. Names: Microeconomics Unit 1: Basic Economic Concepts. Scarcity. Opportunity Costs. Economic systems (i.e. market and command)
Names: Microeconomics Unit 1: Basic Economic Concepts ESSENTIAL KNOWLEDGE Scarcity Opportunity Costs Economic systems (i.e. market and command) Absolute advantage Determine comparative advantage Graph
More informationCOURSE SYLLABUS AND INSTRUCTOR PLAN
WACO, TEXAS COURSE SYLLABUS AND INSTRUCTOR PLAN Microeconomics Econ 2302.87 Brooks Wilson Summer 1 2013 Course Description: Introduces the principles and policies of microeconomics as applied to supply
More informationEastern Mediterranean University Faculty of Business and Economics Department of Economics Fall Semester
Eastern Mediterranean University Faculty of Business and Economics Department of Economics 2014 15 Fall Semester ECON101 Introduction to Economics I Final Exam Type A 26 January 2015 Duration: 100 minutes
More informationCHAPTER 11 The Demand for Factors of Production
Part Three: Microeconomics of Factor Markets CHAPTER The Demand for Factors of Production McGraw-Hill Ryerson Ltd. Slides prepared by Bruno Fullone, George Brown College In this chapter you will learn:.
More informationCollege Record: 59.7% 4 year school, 13.1% 2 year school, 9.9% trade school
Microeconomics SYLLABUS Jason Farone Blackhawk High School Beaver Falls, PA School Profile School Location and Environment: Blackhawk High School is a public school in Beaver Falls, PA, located 50 miles
More informationMICRO EXAM REVIEW SHEET
MICRO EXAM REVIEW SHEET 1. Firm in Perfect Competition (Long-Run Equilibrium) 2. Monopoly Industry with comparison of price & output of a Perfectly Competitive Industry 3. Natural Monopoly with Fair-Return
More informationUNIVERSITY OF HAWAIÌI AT MÂNOA Department of Economics
UNIVERSITY OF HAWAIÌI AT MÂNOA Department of Economics Spring 2010 Course Syllabus ECON 130 (Section 002) Principles of Microeconomics http://laulima.hawaii.edu http://www.aplia.com Aplia Course Key: 3QX5-E3HR-KZHG
More informationLevel 3 Economics, 2015
91400 914000 3SUPERVISOR S Level 3 Economics, 2015 91400 Demonstrate understanding of the efficiency of different market structures using marginal analysis 2.00 p.m. Wednesday 18 November 2015 Credits:
More informationNAME: INTERMEDIATE MICROECONOMIC THEORY FALL 2006 ECONOMICS 300/012 Final Exam December 8, 2006
NAME: INTERMEDIATE MICROECONOMIC THEORY FALL 2006 ECONOMICS 300/012 Section I: Multiple Choice (4 points each) Identify the choice that best completes the statement or answers the question. 1. The slope
More informationPractice Exam 3: S201 Walker Fall 2009
Practice Exam 3: S201 Walker Fall 2009 I. Multiple Choice (3 points each) 1. Which of the following statements about the short-run is false? A. The marginal product of labor may increase or decrease. B.
More information1. For a monopolist, present the standard diagram showing the following:
ECON 202: Principle of Microeconomics Name: Fall 2006 Bellas Second Midterm You have two hours and thirty minutes to complete this exam. Answer all questions, explain your answers, label axes and curves
More informationAP Microeconomics Review With Answers
AP Microeconomics Review With Answers 1. Firm in Perfect Competition (Long-Run Equilibrium) 2. Monopoly Industry with comparison of price & output of a Perfectly Competitive Industry (which means show
More informationPreface. Chapter 1 Basic Tools Used in Understanding Microeconomics. 1.1 Economic Models
Preface Chapter 1 Basic Tools Used in Understanding Microeconomics 1.1 Economic Models 1.1.1 Positive and Normative Analysis 1.1.2 The Market Economy Model 1.1.3 Types of Economic Problems 1.2 Mathematics
More informationJEFFERSON COLLEGE COURSE SYLLABUS ECO102 MICROECONOMICS. 3 Credit Hours. Prepared by: James Watson. Revised Date: February 2007 by James Watson
JEFFERSON COLLEGE COURSE SYLLABUS ECO102 MICROECONOMICS 3 Credit Hours Prepared by: James Watson Revised Date: February 2007 by James Watson Arts & Science Education Dr. Mindy Selsor, Dean ECO102 Microeconomics
More informationInformation. Course Readings:
Academic Inquiries: Qingdao University Email: iss@qdu.edu.cn Phone: 86-532-85951196 Qingdao University 2019 SUMMER ECON 301 Intermediate Microeconomics Information Class Hours: Monday through Thursday,2
More informationChapter 28 The Labor Market: Demand, Supply, and Outsourcing
Chapter 28 The Labor Market: Demand, Supply, and Outsourcing Learning Objectives After you have studied this chapter, you should be able to 1. define marginal factor cost, marginal physical product of
More informationA Planned Course Statement for. Economics, AP. Length of Period (mins.) 41 Total Clock Hours: 123. Periods per Cycle: 6 Length of Course (yrs.) 1.
East Penn School District Secondary Curriculum A Planned Course Statement for Economics, AP Course # 266 Grade(s) 12 Department: Social Studies Length of Period (mins.) 41 Total Clock Hours: 123 Periods
More informationUnit 1: Introduction to Economics
Microeconomics Syllabus AP Economics Textbooks & Resources: McConnell, Campbell & Stanley Brue. Economics: Principles, Problems, and Policies. 16 th ed., New York, NY: McGraw Hill, 2005. Morton, John.
More informationU N I V E R S I T Y O F B A H R A I N
U N I V E R S I T Y O F B A H R A I N COLLEGE OF BUSINESS ADMINISTRATION Department of Economics & Finance Course Syllabus 1. College: Business Administration 2. Department: Economics and Finance 3. Program:
More informationMicro Economics M.A. Economics (Previous) External University of Karachi Micro-Economics
Micro Economics M.A. Economics (Previous) External University of Karachi Micro-Economics Annual Examination 1997 Time allowed: 3 hours Marks: 100 Maximum 1) Attempt any five questions. 2) All questions
More informationMicroeconomics. Use the Following Graph to Answer Question 3
More Tutorial at www.dumblittledoctor.com Microeconomics 1. To an economist, a good is scarce when: *a. the amount of the good available is less than the amount that people want when the good's price equals
More informationBrown University ECON 1130, Intermediate Microeconomics (Mathematical) Spring 2017 Class meets Tuesdays and Thursdays, 1:00-2:30 p.m.
Brown University ECON 1130, Intermediate Microeconomics (Mathematical) Spring 2017 Class meets Tuesdays and Thursdays, 1:00-2:30 p.m. Professor: Roberto Serrano Office hours: Monday, 9:00 a.m. - 12:00
More informationB.V. Patel Institute of Business Management, Computer & Information Technology, Uka Tarsadia University : Managerial Economics
Unit-1 Introduction of Managerial Economics and Cost Analysis Answer the following. (1 mark) 1. Define Managerial Economics? 2. How does Managerial Economics help managers to become efficient and competent?
More informationFINALTERM EXAMINATION FALL 2006
FINALTERM EXAMINATION FALL 2006 QUESTION NO: 1 (MARKS: 1) - PLEASE CHOOSE ONE Compared to the equilibrium price and quantity sold in a competitive market, a monopolist Will charge a price and sell a quantity.
More informationLAHORE UNIVERSITY OF MANAGEMENT SCIENCES SULEMAN DAWOOD SCHOOL OF BUSINESS. MECO 111 Principles of Microeconomics. Dr. Bushra Naqvi COURSE OUTLINE
LAHORE UNIVERSITY OF MANAGEMENT SCIENCES SULEMAN DAWOOD SCHOOL OF BUSINESS MECO 111 Principles of Microeconomics Dr. Bushra Naqvi COURSE OUTLINE ACF Fall 2011/12 Instructor: Dr. Bushra Naqvi Email: Bushra.Naqvi@lums.edu.pk
More informationSyllabus. Course Prerequisites: Pre-Calculus (01:640:111, 112, or 115) or placement into Calculus
Department Of Economics Rutgers the State University 75 Hamilton St, NJ Hall New Brunswick, NJ 08901-1248 Syllabus Course: Intro to Micro Economics (01:220:102:09) Fall 2017 Instructor: Michael Elgawly
More informationSaint Patrick High School
0 Saint Patrick High School Curriculum Guide Department: Social Studies Grade and Level: Senior Class: Essentials of Economics Term (Semester or Year): Semester Course Required Text: Additional Resources
More informationMicroeconomics, marginal costs, value, and revenue, final exam practice problems
Microeconomics, marginal costs, value, and revenue, final exam practice problems (The attached PDF file has better formatting.) *Question 1.1: Effects on Marginal Cost Which of the following is most likely
More informationCourse Information Introduction to Economics I (ECON 1001)
Course Information Introduction to Economics I (ECON 1001) Course Code ECON 1001 Course Title Course Discipline Introduction to Economics I Economics Units of Credit Three (3) Pre-requisites None Semester
More informationTop 10 Most Common Errors AP Economics 2011
Top 10 Most Common Errors AP Economics 2011 Overview of Trouble Spots 11. Finding the Socially Optimal Quantity 10. Deadweight Loss from a Positive Externality 9. Allocative Efficiency 7. Price Elasticity
More informationManagerial Economics
Managerial Economics 1. Course Objective Dr. Tanushree Haldar Assistant Professor, MYRA school of Business Office Hours: Kindly contact me to schedule an appointment. Email: tanushree.haldar@myra.ac.in
More informationPractice Exam 3: S201 Walker Fall with answers to MC
Practice Exam 3: S201 Walker Fall 2007 - with answers to MC Print Your Name: I. Multiple Choice (3 points each) 1. If marginal utility is falling then A. total utility must be falling. B. marginal utility
More informationCASE FAIR OSTER PRINCIPLES OF MICROECONOMICS E L E V E N T H E D I T I O N. PEARSON 2014 Pearson Education, Inc. Publishing as Prentice Hall
PRINCIPLES OF MICROECONOMICS E L E V E N T H E D I T I O N CASE FAIR OSTER PEARSON Publishing as Prentice Hall Prepared by: Fernando Quijano w/shelly Tefft 2 of 23 Input Demand: The Labor and Land Markets
More informationNAGINDAS KHANDWALA COLLEGE AUTONOMOUS DEPARTMENT OF ECONOMICS
NAGINDAS KHANDWALA COLLEGE AUTONOMOUS DEPARTMENT OF ECONOMICS Approved syllabus for SYBA MICROECONOMICS II SEMESTER III (Academic Year 2017-18) Preamble: The Course is designed to develop the student s
More information1.3. Levels and Rates of Change Levels: example, wages and income versus Rates: example, inflation and growth Example: Box 1.3
1 Chapter 1 1.1. Scarcity, Choice, Opportunity Cost Definition of Economics: Resources versus Wants Wants: more and better unlimited Versus Needs: essential limited Versus Demand: ability to pay + want
More informationBoston College Problem Set 6, Fall 2012 EC Principles of Microeconomics Instructor: Inacio G L Bo
Problem Set 6, Fall 01 EC 131 - Principles of Microeconomics Instructor: Inacio G L Bo Answer the questions in the spaces provided on the question sheets. If you run out of room for an answer, continue
More information- pure monopoly: only one seller of a good/service with no close substitutes
Micro 101, Chapter 10 1 Chapter 10: Monopoly Main objectives: 1. Define what constitutes a monopoly - pure monopoly: only one seller of a good/service with no close substitutes 2. Describe types of barriers
More informationCOURSE NAME: ECN100 Microeconomics COURSE DESCRIPTION PLAR INFORMATION COURSE LEARNING OUTCOMES
COURSE NAME: ECN100 Microeconomics Credit Value: 3 Total Course Hours: 42 Prerequisite Course(s): None Corequisite Course(s): None COURSE DESCRIPTION Microeconomics is an introductory course. Topics covered
More informationThis course will provide an understanding of several key microeconomic principles:
Principles of Microeconomics (ECON1201) INSTRUCTOR Paul G. Duch, MBA, MS email: paul.duch@uconn.edu Office: 305E Hours: Wednesdays 2:30 to 3:30 and by arrangement COURSE DESCRIPTION This course will cover
More informationMicroeconomics
Microeconomics 978-1-63545-005-7 To learn more about all our offerings Visit Knewtonalta.com Source Author(s) (Text or Video) Title(s) Link (where applicable) OpenStax Steve Greenlaw - University of Mary
More informationMicroeconomics. Use the graph below to answer question number 3
More Tutorial at Microeconomics 1. Opportunity costs are the values of the: a. minimal budgets of families on welfare b. hidden charges passed on to consumers c. monetary costs of goods and services *
More informationMicroeconomics. Use the graph below to answer question number 3
More Tutorial at Microeconomics 1. Opportunity costs are the values of the: a. minimal budgets of families on welfare b. hidden charges passed on to consumers c. monetary costs of goods and services *
More informationENGINEERING ECONOMICS AND FINANCIAL ACCOUNTING 2 MARKS
ENGINEERING ECONOMICS AND FINANCIAL ACCOUNTING 2 MARKS 1. What is managerial economics? It is the integration of economic theory with business practice for the purpose of facilitating decision making and
More informationMULTIMEDIA COLLEGE JALAN GURNEY KIRI KUALA LUMPUR
STUDENT IDENTIFICATION NO MULTIMEDIA COLLEGE JALAN GURNEY KIRI 54100 KUALA LUMPUR FOUR SEMESTER FINAL EXAMINATION, 2014/2015 SESSION ECO2023 INTRODUCTION TO ECONOMICS DMGW-E-F-2/13, DMGS-E-F-2/13, DMGQ-E-F-2/13,
More informationWallingford Public Schools - HIGH SCHOOL COURSE OUTLINE
Wallingford Public Schools - HIGH SCHOOL COURSE OUTLINE Course Title: Advanced Placement Economics Course Number: 3552 Department: Social Studies Grade(s): 11-12 Level(s): Advanced Placement Credit: 1
More informationFundamentals of Economics. 2 September Exam Paper. Time: 2.5 hours
Fundamentals of Economics September 01 Exam Paper Section A Section B Answer ALL questions from this section. Answer any TWO () questions from this section. Clearly cross out surplus answers. Failure to
More informationBachelor of Business Management
Bachelor of Business Management BMGF15 The Bachelor of Business Management is a four-year degree composed of two academic programs completed in the 2+2 system as follows: 1 st two years: BDMS16: total
More informationAP Microeconomics. Content Skills Learning Targets Assessment Resources & Technology
St. Michael Albertville High School Teacher: Matthew Rooker AP Microeconomics October 2014 Content Skills Learning Targets Assessment Resources & Technology November 2014 Content Skills Learning Targets
More informationAn equilibrium is an important economic concept. If we are not in equilibrium, we
Chapter 2 Microeconomic Tools for Health Economists Key Ideas An equilibrium is an important economic concept. If we are not in equilibrium, we go to equilibrium. If we are in equilibrium, we stay there.
More informationWeek One What is economics? Chapter 1
Week One What is economics? Chapter 1 Economics: is the social science that studies the choices that individuals, businesses, governments, and entire societies make as they cope with scarcity and the incentives
More informationThe following key should help you understand the different types of activities students engage in during the course:
AP Microeconomics Course Overview Name Description AP Microeconomics AP Microeconomics studies the behavior of individuals and businesses as they exchange goods and services in the marketplace. Students
More informationEngineering Economics
Engineering Economics HUM-201-F (Question Bank) Chapter 1. Economics: An Introduction Q.1 Explain the Adam Smith s definition of economics. What are the critics of the definition? Q.2 Economics is the
More informationAP Microeconomics Review Sample Questions
AP Microeconomics Review Sample Questions Sample Multiple-Choice Questions The following are examples of the kinds of multiple-choice questions found on the examination. The distribution of topics and
More informationthat commodity and the price other commodities affect the demand Curve? 3. Explain the law of diminishing marginal utility. Illustrate your answer
Group One : 1. What do you understand by the term Economics? The origin of economics lies in the endeless human wants and scarcity. Elaborate your answers in relation to Rwanda s economy. 2. What is the
More informationFinal Exam - Solutions
Ecn 100 - Intermediate Microeconomic Theory University of California - Davis December 10, 009 Instructor: John Parman Final Exam - Solutions You have until 1:30pm to complete this exam. Be certain to put
More informationSCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME
All Rights Reserved No. of Pages - 07 No of Questions - 07 SCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME YEAR I SEMESTER I INTAKE VIII (GROUP A) END SEMESTER
More informationCONTENTS. Introduction to the Series. 1 Introduction to Economics 5 2 Competitive Markets, Demand and Supply Elasticities 37
CONTENTS Introduction to the Series iv 1 Introduction to Economics 5 2 Competitive Markets, Demand and Supply 17 3 Elasticities 37 4 Government Intervention in Markets 44 5 Market Failure 53 6 Costs of
More informationPrinciples of Economics Micro. ECO 2023 (10332), Syllabus, Spring 2017
Principles of Economics Micro ECO 2023 (10332), Syllabus, Spring 2017 Class Hours: Mo / Wed, 11:00am - 12:15pm 01/09 05/06/2017 Class Room: Building 76A, Room 102 Final Exam Date: TBD Instructor: Dr. Otto
More informationEcn Intermediate Microeconomic Theory University of California - Davis September 9, 2009 Instructor: John Parman. Final Exam
Ecn 100 - Intermediate Microeconomic Theory University of California - Davis September 9, 2009 Instructor: John Parman Final Exam You have until 1:50pm to complete this exam. Be certain to put your name,
More informationSection I (20 questions; 1 mark each)
Foundation Course in Managerial Economics- Solution Set- 1 Final Examination Marks- 100 Section I (20 questions; 1 mark each) 1. Which of the following statements is not true? a. Societies face an important
More informationCost-minimizing input combinations. Rush October 2014
Cost-minimizing input combinations Rush October 2014 Today s objectives Review marginal revenue productivity and firm resource demand Look at the optimal combination of resources for the competitive firm
More informationIntroduction to Managerial Economics. Course Syllabus. All Rights Reserved, Indian Institute of Management Bangalore
Introduction to Managerial Economics Professor Subhashish Gupta Course Syllabus: ES101x Introduction to Managerial Economics Course Syllabus Welcome to In this six- week course, you will learn how markets
More informationAP MICROECONOMICS. Bade, Robin and Michael Parkin. Foundations of Economics, AP Edition. Boston: Pearson, 2007
COURSE DESCRIPTION AP MICROECONOMICS Microeconomics is a one semester AP course which studies the economic behavior and decision making of individual units of the economy such as households, firms, and
More informationIntroduction. Learning Objectives. Learning Objectives. Chapter 29. Labor Demand and Supply
Chapter 29 Labor Demand and Supply Introduction When the trucking industry experienced an expansion at the end of the 2001 recession, there were expectations of more employment and higher wages for truck
More informationMarket Structure & Imperfect Competition
In the Name of God Sharif University of Technology Graduate School of Management and Economics Microeconomics (for MBA students) 44111 (1393-94 1 st term) - Group 2 Dr. S. Farshad Fatemi Market Structure
More informationEconomics Revision Pack
Economics Revision Pack Unit 1 Scarcity Unit 2 Factors of Production Unit 3 Opportunity Cost Unit 4 Market and Mixed Economies Unit 5 Equilibrium Price Unit 6 Changes in Demand The nature of scarcity,
More informationPrinciples of Microeconomics Assignment 8 (Chapter 10) Answer Sheet. Class Day/Time
1 Principles of Microeconomics Assignment 8 (Chapter 10) Answer Sheet Name Class Day/Time Questions of this homework are in the next few pages. Please find the answer of the questions and fill in the blanks
More informationLabor Market Equilibrium. Labor Economics VŠE March 2010
Labor Market Equilibrium Labor Economics VŠE March 2010 Perfectly Competitive Labor Market Assumptions: Perfect Information: o All workers know relevant details about all jobs; o All employers know relevant
More informationADVANCED PLACEMENT MICROECONOMICS COURSE SYLLABUS
ADVANCED PLACEMENT MICROECONOMICS COURSE SYLLABUS Economics is a way of looking at the choices people make regarding their time, money, and talent. Studying economics shows how goods and services are produced,
More information2011/2012 AP MICROECONOMICS CONTENT MAP Mr. Crawford
advanced placement microeconomics review UNIT TITLE CHAPTER TEST ONE LIMITS AND CHOICES 1 The MARKET SYSTEM 2 TWO SUPPLY and DEMAND 3 THREE ELASTICITY 4 MARGINAL UTILITY 6 FOUR COSTS OF PRODUCTION 7 PROFIT
More information