BG2401 Microeconomics



Course Description

This course will cover pricing mechanism, demand, supply and market equilibrium, consumption behavior and utility maximization, understanding basic economic theory through the perfectly competitive model, including discussion of output and input markets, and the connection between them. In the study of market structures, the focus is on the theory of price determination and profit-maximization and wage determination.

Class Material

Course Syllabus - Day Program

Course Syllabus - Evening Program

Chapter 1 - Limits, Alternatives, and Choices

Chapter 3 - Demand, Supply, and Market Equilibrium

Chapter 4 - Elasticity

Chapter 9 - Consumer Behavior

Chapter 10 - Businesses and The Cost of Production

Chapter 11 - Pure Competition in The Short Run

Chapter 12 - Pure Competition in The Long Run

Chapter 13 - Pure Monopoly

Chapter 14 - Monopolistic Competition and Oligopoly

Chapter 15 - The Demand for Resources

Chapter 16 - Wage Determination