Intoduction to Course:

The objective of the course is to clarify and extend further the microeconomic concepts and to develop analytical skills and solving petty problems. In addition to diagrammatic approach the course intend to get accustomed the students to simple mathematics and numerical tools. The teacher is expected to draw examples from surroundings for exposition. The students may be given assignments to collect information from the markets and to analyze the data. They may have tours to the industrial units and to observe the process of production and problems in supply and demand. The objective is to confront them to advanced theoretical concepts and rigorous analysis with mathematical tools at hand.

Course pre requisites (if any):

No

Learning outcomes:

On the successful completion of the course students will be able to:

1. Relate the basic economic theory and principles to current microeconomic issues and evaluate related public policy

2. Use economic models to analyse a situation in terms of economics

3. Describe the various types of markets and compare their efficiency

Textbooks:

1. Mankiw, G. - Principles of MicroEconomics – Latest Edition, South-West Publishers.
2. Samuelson and Nordrons - Economics –Latest Edition- McGraw Hill.

Description of system of Evaluation (Exam, assignments etc.):

Mid Term: 30 marks

Sessional: 20 marks

• Project: 40%
• Presentation: 30%
• Participation: 30%

Final Exam: 50 marks

Class Timmings: