INTERNATIONAL BURCH UNIVERSITY
Faculty of Economics and Social Sciences
Department of Management
2015-2016

SYLLABUS
Code Name Level Year Semester
IBS 201 Microeconomics Undergraduate 2 Fall
Status Number of ECTS Credits Class Hours Per Week Total Hours Per Semester Language
5 114

Instructor Assistant Coordinator
Nataša TANDIR, Assist. Prof. Dr. Natasa Tandir Merdzana OBRALIC, Assist. Prof. Dr.
[email protected] [email protected] no email

This course is designed as a comprehensive overview of intermediate Microeconomic Theory. It covers a number of topics including consumer and demand theory, firm, production and cost theory, the theory of competitive markets, imperfect competition, welfare economics, choice under uncertainty, asymmetric information and externalities/public goods. All analysis conducted in the course relies on graphical and algebraic techniques. Examples used in class, readings and discussion sections will demonstrate the applicability of the models covered in class to topics with an international dimension, such as the setting of tariffs, cartel behavior and international trade.

COURSE OBJECTIVE
The main objective of this course is for the student to learn about the importance to any society of the manner it chooses to use to allocate its resources.

COURSE CONTENT
Week
Topic
  1. • Introduction, Principles of Economics
  2. • Consumer and Producer Surplus
  3. • Price Controls and Quotas
  4. • Elasticity
  5. • Taxes
  6. • Decision Making by Individuals and Firms
  7. • Inputs and costs
  8. Mid term exam
  9. • Perfect Competition and supply Curve
  10. • Monopoly, Oligopoly
  11. • Monopolistic Competition and Product Differentiation
  12. • Externalities
  13. • Public Goods and Common Resources
  14. • Factor Markets and Distribution of Income
  15. Preparation for Final exam

LABORATORY/PRACTICE PLAN
Week
Topic

    TEACHING/ASSESSMENT
    Description
    • Interactive Lectures
    • Presentation
    • Discussions and group work
    • Problem solving
    • Assignments
    • Case Studies
    • Use of educational films
    Description (%)
    Method Quantity Percentage (%)
    Quiz410
    Homework10
    Midterm Exam(s)30
    Presentation10
    Final Exam140
    Total: 100
    Learning outcomes
    • • strong understanding of economic principles and their applications to business decisions
    • • use the basic demand-supply model with calculus to understand the conditions under which market prices lead to the most efficient allocation of resources,
    • • understand the market structures, Externality, Decision under Uncertainty in a more detailed version
    • • Improve skills related to problem solving
    • • Improve communication and presentation skills
    TEXTBOOK(S)
    • Krugman P., Robin Wells, Microeconomics, 3rd Edition, Worth Publishers, 2012

    ECTS (Allocated based on student) WORKLOAD
    Activities Quantity Duration (Hour) Total Work Load
    Lecture (14 weeks x Lecture hours per week)14228
    Laboratory / Practice (14 weeks x Laboratory/Practice hours per week)14114
    Midterm Examination (1 week)122
    Final Examination(1 week)122
    Preparation for Midterm Examination11414
    Preparation for Final Examination11414
    Assignment / Homework/ Project12020
    Seminar / Presentation12020
    Total Workload: 114
    ECTS Credit (Total workload/25): 5