Integrated BBA-MBA Programme

Batch: 2024-2029: Semester - I

Course Title Microeconomics

Course Code 1MU101CC22
Credit Hours 3
Faculty Prof. Hrudanand Misra (Div-A)
Prof. Mohammad Arif (Div- B)
Prof. Rasmita Nayak (Div- C & D)
E-mail ID [email protected]
[email protected]
[email protected]
Blog http:// hrudanandmisra.wordpress.com/microeconomics
Phone No. M: 9429660858 (Prof. Hrudanand Misra)
M: 7417609071 (Prof. Mohammad Arif)
Moodle Details (as
and when available)
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I. Course Overview
This course discusses the terminology, concepts, theory, methodology, and limitations of current
microeconomic analysis. The course considers the way in which various decision-making units in
the economy (individuals and firms) make their consumption and production decisions and how
these decisions are coordinated. It considers the laws of supply and demand and introduces the
theory of the firm, and its components, production and cost theories, and models of market
structure. The various causes of market failure are assessed, and consideration is given to public
policies designed to correct this market failure. In addition, it seeks to provide students with an
understanding of how political, social, and market forces determine and affect the economy. This
introductory course explores the principles of production and consumption – and the exchange of
goods and services – in a market economy. In particular, it complements courses in the Business
Administration program by highlighting the various market mechanisms that influence managerial
decision-making.

II. Course Learning Outcomes (CLO)

At the end of the course, the students shall be able to:
1. Illustrate the working of an economy at the micro level BL-2
2. Develop how supply and demand concepts will affect price in market economic BL-3
3. Distinguish between the economy outcomes associated with
different types of markets BL-4

III. Text Book

Mankiw, N. Principles of Microeconomics (7th ed.). Cengage Learning, 2018

Page 1 of 5
IV. Assessment Components & Schedule
Assessment Weightage Overall CLO
Schedule Number
Components % Weightage %
Quizzes* After 5 Sessions 12 1,2 & 3
After 10
Quiz-1 4
sessions
Quiz-2 4
After 15
Quiz-3 4 sessions
Quiz-4 4 After 20
sessions
Written Test 24 As per schedule 24 1, 2 & 3
Individual 12 After 15 12 1, 2 & 3
Assignment Sessions
Group Assignment 12 After 7 12 1,2 & 3
Sessions
Semester End Exam 40 As per 40 1, 2 & 3
schedule
* Out of four quizzes, the three best quiz attempts will be considered
V. Session Plan
Session
Description
No.
Unit-I Introduction to Microeconomics
Topic Introduction and Expectations from the course
1 Pedagogy Discussion
Text Book --
CLO 1&2
Topic Principles of Economics
2 Pedagogy Lecture cum Discussion
Text Book Chapter 1 pp.: 3-15
CLO 1&2
Tutorial 1
Unit-II Consumer Behaviour
Topic Budget constraints and preferences
3 Pedagogy Lecture cum Discussion
Text Book Chapter 21 pp.: 415-437
CLO 1&2
Topic Preferences and indifference curves
4 Pedagogy Lecture cum Discussion
Text Book Chapter 21 pp.: 415-437
CLO 1&2
Tutorial 2
Topic Optimization of choice
5 Pedagogy Lecture cum Discussion
Text Book Chapter 21 pp.: 415-437
CLO 1&3
Topic Income and Substitution effect
6 Pedagogy Lecture cum Discussion
Text Book Chapter 21 pp.: 415-437
Page 2 of 5
 CLO 2 &3
Tutorial 3
16 TopicTopic Production
Deriving thefunction
demandand Costs
curve
Pedagogy Lecture
7 Pedagogy Lecture cum
cum Discussion
Discussion
Text Book Chapter 13 pp.: 245-247
Text Book Chapter 21 pp.: 415-437
CLO 1&2
CLO 2&3
Tutorial 8
Unit-III Demand and Supply
Topic Measures of cost
Topic Demand
17 Pedagogy Lecture cum Discussion
Pedagogy Lecture cum Discussion
8 Text Book Chapter 13 pp.: 248-253
Text Book
CLO 1Chapter
& 2 4 pp.: 63-70
CLO Topic Short
1 & 2 run and Long run costs
18 Pedagogy Lecture cum 4Discussion
Tutorial
Text Book Chapter 13 pp.: 253-256
TopicCLO Supply
1, 2&3
Pedagogy Lecture cum9Discussion
Tutorial
9
Text Book
Topic Chapter 4 pp.: 71-74
Competitive markets
19 CLO Pedagogy Lecture
1 & 2 cum Discussion
Text Book Chapter 14 pp.: 261-264
Topic Demand & Supply Equilibrium
CLO 1&2
10 Pedagogy
Topic Numerical
Profit sums
maximization in Competitive markets
20 Pedagogy
Text Book Lecture
Chaptercum Discussion
4 pp.: 74-82
CLO Text Book Chapter
1&2 14 pp.: 264-278
CLO 1&2
Tutorial 5
Tutorial 10
TopicTopic Elasticity of
Short-run andDemand anddecisions
Long-run Supply for the firm
Pedagogy Lecture cum
Lecture cum Discussion
21
11 Pedagogy
Text Book Discussion
Chapter 14 pp.: 264-278
CLO 2Numerical
&3
Topic sums
Monopoly
Text Book Chapter 5 pp.: 87-105
22 Pedagogy Lecture cum Discussion
CLO 2&3
Text Book Chapter 15 pp.: 282-294
Topic Demand and Supply: Applications
CLO 2&3
12 Pedagogy Lecture cum11
Tutorial Discussion
Text Book
Topic Chapter 6costs
Welfare pp.: 109-125
of monopolies
CLO Pedagogy 1 & 2
Lecture cum Discussion & Numerical sums
23
Text Book Tutorial
Chapter 6 294-297
15 pp.:
TopicCLO 1Demand
&2 and Supply: Applications
13 Pedagogy
Topic Lecture cum Discussion in monopolies
Price Discrimination
Text Book
Pedagogy Chaptercum
Lecture 6 pp.: 109-125
Discussion
24 CLO Text Book 1 & 2
Chapter 15 pp.: 297-306
TopicCLO 2Markets
&3 and Welfare
Tutorial
Lecture cum12
14 Pedagogy
Topic Monopolistic Competition
Discussion
25 Pedagogy Numerical
Lecture cum Discussion
Text Book sums 16 pp.: 313-327
Chapter
CLO
Text Book 1Chapter
& 2 7 pp.: 131-146
CLO Topic Monopolistic
2&3 Competition
26 Pedagogy Lecture cum Discussion
Tutorial 7
Text Book Chapter 16 pp.: 313-327
CLO 2 & of
Unit-IV Theory 3 Production and Cost
Tutorial 13
Topic Theory of Production
15 Pedagogy Lecture cum Discussion
Text Book Chapter 13 pp.: 241-244
CLO 1&2
Page 3 of 5
 Topic Oligopoly
Pedagogy Lecture cum Discussion
27 Text Book Chapter 17 pp.: 332-348
CLO 2&3
Topic Game Theory in Oligopoly
Pedagogy Lecture cum Discussion & Numerical sums
28 Text Book Chapter 17 pp.: 332-348
CLO 2&3
Tutorial 14
Topic Externalities & Impact of COVID-19 on Economy
Pedagogy Lecture cum Discussion
29-30 Text Book Chapter 10 pp.: 185-200
CLO 1&3
Tutorial 15

VI. Self-Study
1. Numerical of Elasticity
2. Demand analysis
3. Various cost concepts
VII. READINGS
R1. Samuelson, P and W Nordhaus. Economics (Latest Edition), Tata McGraw Hill.
R2. Froyen, R and D Greer. Principles of Economics (Latest Edition), Macmillan India
Publication.
R3. Frank, H and B Bernanke. Principles of Economics (Latest Edition), Tata McGraw-Hill.
R4. Pindyck, R, and D Rubinfeld. Microeconomics (Latest Edition), Pearson India.
R5. Dwivedi, D. Microeconomics (Latest Edition), Tata McGraw Hill.

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