Faculty of Business Studies

(FBS)

Course Outline

Course Title:- Microeconomics

Course Code: BUS 7204
Program: Evening MBA
Credit Hours: 03 (Three)
Trimester offered:2nd Trimester, May-August, 2015

Office location: Mirpur Cantonment, Dhaka-1216

Cell: - 01769021728 Office phone:

E-mail address: sharif7394@gmail.com Office hours: 8.00 am to 2.30 pm

Course Description

This course introduces business students to economic models of human behavior. We

consider personal decision making by consumers as well as business decisions that
companies make. We examine the factors that affect these decisions and how consumers and
businesses make their decisions. Managers who understand how people behave and how their
competitors behave make better business decisions than those who do not.

The economic decisions that consumers and businesses make generally depend upon market
prices and also affect them. Accordingly, we analyze how markets operate and how they
produce information that benefits us all.

Governments often intervene in markets to solve economic problems or to favor one group
over another. Taxes, subsidies, quotas, and other restrictions affect business and their
decisions. These interventions sometimes have unintended consequences that can decrease
welfare. We therefore consider how governmental policies affect decision making and
societal wealth.

Every business discipline uses these economic models to better understand the issues that
they address. Students who know these models well will be better prepared to excel in
whatever business discipline they ultimately choose to specialize.
Course Objectives

At the end of the course you should be able to:

understand basic microeconomic facts, concepts, theories and methods;

establish a relationship between these theories and concepts;

apply theory to actual situations;

analyze a given issue, theme or phenomenon from several perspectives;

develop appropriate strategies to study specific cases;

demonstrate awareness of the contribution of informed , concerned, active citizenship,

both locally and globally;

draw and interpret graphs relevant to this course;

correctly interpret the news, newspaper articles and the various quantitative data
relevant to microeconomics;

use equations to solve for equilibrium levels of price and quantity;

employ critical thinking at a college level;

develop evidence-based arguments;

identify microeconomic-based problems and formulate appropriate questions;

analyze text/data;

synthesize text/data, demonstrating awareness of various perspectives; o) evaluate

text/data;

use computers to find information relevant to the course;

establish links between economics and other social science and commerce disciplines.

Teaching Method

The format for this course will involve

Class lectures,
Problem solving assignments,
Class discussions,
Class tests,
Case studies,
Individual presentation,
Audio-visual materials
Guest lecturers
 Computer-aided materials
Internet activities
Discussion and research on current microeconomic issues on Bangladesh and
international business and economic issues.
Guiding questions on each topics reading materials will be provided to students
one week in advance of the lesson.

Course Details
Chapter Name No. of
C
l
S. L.
a
s
s
1 Fundamentals of Economics 2
2 The Market Forces of Supply and Demand 2
3 Elasticity and Its Application 1
4 Supply Demand and Government Policies 1
Midterm-1
5 The Theory of Consumer Choice 1
6 Production and the Costs of Production 1
7 Firms in Competitive Markets 1
8 Monopoly 1
Midterm-2
9 Monopolistic Competition and Oligopoly 1
10 Markets for Factors of Production 1

Required Text and Materials:

1. N. Gregory Mankiw, Principles of Microeconomics, 6th edition

2. Paul A. Samuelson, Economics, 18th edition

Course Policies

Attendance: Attendance in class is mandatory unless otherwise specified

Course Content: Instructor reserves the right to make necessary changes in the course
content depending on the progress of the class.
Class Makeup: In case of unavoidable circumstances if a course meeting, lecture or
exam, need to be cancelled; students will be offered a make up class. All makeup classes
will be held as per the rescheduling suggested by the course teacher.
 Academic Honesty: Any academic misconduct will be dealt according to the provisions of
the students code of conduct.
Consultation Hour: Students are most welcome to visit course teacher either during the
consultation hour or by appointment.

Grading System

Letter grades are used to evaluate the performance of a student in a course. The following grading
system is currently followed for performance evaluation of the students:

Numerical Grade Letter Grade Grade Point

80% and above A+ (A Plus) 4.00
75% to < 80% A (A Regular) 3.75
70% to < 75% A- (A Minus) 3.50
65% to < 70% B+ (B Plus) 3.25
60% to < 65% B (B Regular) 3.00
55% to < 60% B- (B Minus) 2.75
50% to < 55% C+ (C Plus) 2.50
45% to < 50% C (C Regular) 2.25
40% to < 45% D 2.00
< 40% F 0.00
--------------------- I Incomplete
--------------------- W Withdrawn

The BUP authority reserves the right to review/revise the above grading system.

Distribution of Marks for Evaluation

The grade in a course will be based on an overall evaluation of a students performance in

assignments, examinations, quizzes, term papers, project works, class attendance, class
participation etc. The distribution of marks for assessment in a course will be as under:

1) 2 x Mid-term examinations of approximately 1 hour duration each : 20%

2) Comprehensive Semester Final Examination : 50%
3) Quizzes and/or weekly tests : 10%
4) Term paper and/or project work incl presentation : 5%
5) Assignments, case studies, class participation : 5%
6) Individual presentations : 5%
7) Class attendance and participation, etc : 5%
Total : 100%

Attendance
Attendance will be taken at every class. If a student is not present while the attendance is
in progress, the student shall be considered absent. It is the students responsibility to
attend all classes. Students must inform the lecturer if he or she will be late or absent.

The Distribution of Marks for Class Attendance

Attendance range (in percent) Marks

90% and above 5.0
85% to less than 90% 4.5
80% to less than85% 4.0
75% to less than80% 3.5
Less than75% 0

Make Up Tests

Students are required to take all tests and exams. If a student misses a test for a justifiable
reason (these reasons are limited to illness, death of an immediate family member, work
obligations) he or she must bring valid documentation supporting their request for a
makeup test no later than the next class meeting. In the case of work obligations,
documentation from the employer must be submitted at least two days before the
scheduled test. Please note that such documentation does not automatically guarantee that
the lecturer will grant the make-up test; the request for valid documentation simply helps
the lecturer make a decision on the same. The lecturer reserves the right to deny or refuse
the students request for a make-up test. In such cases, the student can appeal the
lecturers decision to the Department Head.

Assignments

Assignments may come in the form of written papers, problem papers,

short presentations, and class activities. Students are expected to do
all assignments. Assignments may be done as individual assignments
or as group assignments. All written papers must be done in the A4
size paper unless otherwise stated. Students who submit assignments
late will be penalized by 1 mark for each day the assignment remains
outstanding. Assignments that are more than 5 days late will receive
no credit.

Cell Phone Policy

Cell phones and any other wireless communication devices including i-pod and mp4 players are
not allowed in the classroom. They should be kept closed and out of sight, sound and mind.
Laptops are not needed inside the classroom. Any student found using their laptop for any
purpose other than educational purposes will be summarily dismissed from the classroom.