ECON201 Intermediate Microeconomics

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Course Code Course Title Weekly Hours* ECTS Weekly Class Schedule
T P
ECON201 Intermediate Microeconomics 3 1 6 M 11:00-12:50; W 10:00-10:50
Prerequisite ECON111 It is a prerequisite to
Lecturer Office Hours / Room / Phone

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Assistant Assistant E-mail
Course Objectives This course is designed to extend students' knowledge of the basic microeconomic principles that will provide the foundation for their future work in economics and give them insight into how economic models can help us think about important real world phenomena.
Textbook Nicholson, W., & Snyder, C. (2010). Intermediate microeconomics and its application. South-Western, Cengage Learning.
Learning Outcomes After successful  completion of the course, the student will be able to:
  1. Apply price theory to individual economic and business decisions.
  2. Explain the links between household and firm behavior as well as the economic models of supply and demand.
  3. Explain the links between production costs and the economic models of supply
  4. Apply economic reasoning to individual and firm behavior.
  5. Exemplify the economic and public policy issues facing governments and firms
Teaching Methods The methods include lectures (which may involve power point presentation, video and audio aids), student presentations, projects and class discussions.
WEEK TOPIC REFERENCE
Week 1 Introductory lecture
Week 2 Economic models Chapter 1
Week 3 Utility and choice Chapter 2
Week 4 Demand curves Chapter 3
Week 5 Uncertainty / Quiz 1 Chapter 4
Week 6 Game theory Chapter 5
Week 7 Midterm Exam
Week 8 Production Chapter 6
Week 9 Costs / Profit maximization and supply Chapter 7, 8
Week 10 Perfect competition in a single market Chapter 9
Week 11 General equilibrium and welfare Chapter 10
Week 12 Monopoly/Quiz 2 Chapter 11
Week 13 Imperfect competition Chapter 12
Week 14 Pricing in input markets Chapter 13
Week 15 Review
Assessment Methods and Criteria Evaluation Tool Quantity Weight Alignment with LOs
Final Exam 1 40 1,2,3,4,5
Semester Evaluation Compenents
Midterm Exam 1 25 1,2,3,4,5
Homework 5 5 1,2,3,4,5
Quiz 2 15 1,2,3,4,5
***     ECTS Credit Calculation     ***
 Activity Hours Weeks Student Workload Hours Activity Hours Weeks Student Workload Hours
Lecture Hours 3 15 45 Quiz 7 2 14
Home Study 2 15 30 Home Study 2 15 30
Active Tutorials 1 14 14 Final Exam Study 27 1 27
        Total Workload Hours = 150
*T= Teaching, P= Practice ECTS Credit = 6
Course Academic Quality Assurance: Semester Student Survey Last Update Date: 04/03/2020
QR Code for https://ecampus.ius.edu.ba/course/econ111-introduction-microeconomics

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