Week |
Subject |
Related Preparation |
1) |
• Examines the course content.
• Examines the concept of microeconomics.
• Examines the course.
• Discusses the basic microeconomics concept.
• Discuss the emergence of microeconomics. |
NONE |
2) |
• Examines the basic concepts of taking economic decisions.
• Deines the factors of production.
• Depicts the economic variables on graphs.
• Discuss the model concept.
• Define individual decisions.
• Define the concept of scarcity.
• Evaluates the Production Possibilities Model
• Identify positive economics. |
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3) |
PRICE MECHANISM
• Evaluates demand function.
•Discuss price and consumer behaviors.
• Evaluates supply function.
• Discuss price and producer behavior.
• Define equilibrium price and quantity.
• Formulate the demand and supply model by numerical examples. |
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4) |
DEMAND and SUPPLY MODEL(cont'd) |
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5) |
• Evaluates firm concept.
• Explains the production decisions .
• Evaluates the the short-run and long-run concepts.
• Evaluates the goal of the traditional firm.
• Discuss production decision of a firm. |
|
6) |
• Define cost variables.
• Discuss the relationship of production and cost in the SR and LR.
• Defines the shapes of the production and cost functions and draw them.
• Analyze examples of individual firms. |
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7) |
• Defines production in the context of the Neoclassical model.
• Explain perfectly competitive firm.
• Explain the equilibrium under competition.
• Explains the static/dynamic analysis difference in relation to equilibrium.
•Verifies his/her knowledge by the help of examples from life. |
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8) |
Students are assessed by midterm exam.
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9) |
• List imperfect competion markets .
• Discuss the differences of imperfectly competitive markets.
• Explain the equilibrium under monopoly.
• Explain the examples of monopoly from daily lives.
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10) |
• Defines the types of imperfectly competitive firms.
• Classifies the types in relation to causes.
• Examines the different markets. |
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11) |
• Recognize the concept of labour market.
• Discuss decisions of workers to work or not.
• Discuss and explain the equilibrium in the labour market.
• Explain the theory of absolute superiority.
• Defines the relationship between the labour and output markets.. |
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12) |
• Explains capital as a factor of production.
• Examines the difference between fixed capital and financial capital.
• Examines how capital market works as a market of a resource.
• Investigates the examples from different countries around the globe. |
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13) |
• Defines and recognize choices of individual firms and markets .
• Evaluates firms behaviours .
• Evaluates the relationship between firm and the market structure.
• Evaluates the current examples of firms,markets and problems on the basis of the knowledge experienced in the course. |
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14) |
•Review |
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15) |
• Students are evaluated with the final exam. |
Study for final exam |