1. Consumers Choice:
i. Preferences, Utility
ii. Budget constraint
iii. Constrained Consumer Choice
2. Applying Consumer Theory:
i. Deriving demand curves
ii. Effects of an increase in income
iii. Effects of a price increase
iv. Revealed Preferences
3. Market power and market structures
ii.Oligopoly and Monopolistic Competition:Market structures, Game Theory,cooperative oligopoly models,Cournot model,Stackleberg model,comparison of collusive,Cournot,Stackleberg and Competitive equilibria,Bertrand price setting model
iii. Monopolistic Competition
4.Market for factors of production
i.Competitive factors market
iii.Earnings and discrimination
iv.Effect of Monopolies on factor market
5.General equilibrium and Economic welfare
General equilibrium , trading between two people,competitive exchange, production and trading, efficiency and equality
This course focuses upon a range of microeconomic principles, their use by economists in economic analysis and their relevance in the global economy. This course builds on intermediate microeconomics course by strengthening the student's knowledge of the fundamental theories related to micro level economics via the covering of subjects not covered by fundamental courses of economics by using advanced analytical tools and deeper level of discussions.
Course Learning Outcomes
1- Prepare students with the principles of economic analysis.
2- Provide students with the analytical tools, resources, skills and experiences to understand and evaluate economic problems that they may encounter in real life situations.
3- Develop analytical learning skills to prepare students for graduate employment.
4- Improve student's abilities and skills required for working alone and in teams.
5- Implementation of knowledge on a real life cases.
6- Deep understanding of the microeconomics theories
Book Title : Microeconomics
Author : Jeffrey M. Perloff
Edition : Seventh Edition
Publisher : Pearson
Book Title : Microeconomis
Author : Jeffery M.Perloff
Edition : fourth edition
Publisher : Pearson