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MICROECONOMICS I

EIA1002 MICROECONOMICS I
3 Credits

Pre-requisite None

Learning At the end of the course, the students are able to:
Outcomes
1. explain principles and theories of microeconomics;
2. apply microeconomic theories in decision-making; and
3. analyse microeconomic problems.

Synopsis The course starts with an introduction to the principles of economics and followed
by topics on microeconomic principles that can be applied in decision making.
Topics include demand and supply, market equilibrium, elasticity of demand and
elasticity of supply, consumer and producer surplus, government policies, welfare
cost of taxation, gains from international trade, public goods, externalities, cost of
production, perfect competition, monopoly, oligopoly and monopolistic competition.

References 1. McConnell, R.C., Brue,S.L., Flynn, S.M. & Grant, R. (2012) Microeconomics:
Principles, Problems and Policies. McGrawHill
2. Hubbard, R.G. & O’Brien, A.P. (2013) Microeconomics. Fourth Edition.
Pearson.
nd
3. Krugman,P. & Wells, R. (2012) Microeconomics. 2 Edition. Wadsworth
Publishing.
th
4. Mankiw, N.G. (2012) Principles of Microeconomics. 6 edition. South-
Western Cengage Learning.
th
5. Parkin, M. (2012) Microeconomics (Global Edition). 10 edition. Pearson.

Soft Skills CS1, CS2, CS3
CT1, CT2, CT3
TS1, TS2, TS3

Assessment Continuous Assessment : 40%
Final Examination : 60%

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