gasina micro syl

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Kazakhstan Institute of Management, Economics and Strategic Research

Bang College of Business (BCB)

Fall Semester, 2011

Course Syllabus for

FIN 2105 Business Microeconomics

1. Basic Information

Course Code and Title: FIN 2105 Business MicroeconomicsCourse Meeting Time and Place:

Monday, Wednesday, Friday - 09:00-09:50 in Hall#207/Valichanov Building

Course Credit: Three (3) credits.

Instructor Information:Instructor:Sholpan Gaisina, Ph.D.

Office: Room #342 , Dostyk Building.Phone: 2172

E-mail: [email protected].

2. Instructor Availability (At least 2 hours)

Office Hours: Tuesdays and Thursdays: 13:00 to 14:30 or by appointment

Location: Room #342 /Dostyk Building

3. Instructional Resources

Required Textbook

Parkin Michael, 2010, Microeconomics, University of Western Ontario9th Global Edition, Publisher: Pearson, Copyright: 2010, ISBN-13-978-0-321-61005-8.

Additional Readings: Mankiw, N. Gregory, 1997, Principles of microeconomics, Fort Worth,

TX : Dryden Press, ISBN- 9780030245022 ( 978-0-03-024502-2 )

Mankiw, N. Gregory, 2001, Principles of economics, 2nd ed. Fort Worth, TX : HarcourtCollege Publishers, ISBN -9780030259517 ( 978-0-03-025951-7 )

4. Course Description/Overview

The purpose of Microeconomics is to provide students a thorough understanding of the

principles of economics. The course topics focus on microeconomic issues and problems, such

as competition and monopoly, pricing, consumer demand, and producer supply. We will studyfunctions of individual decision makers, both consumers and producers, functions of product

markets, including the study of factor markets and the role of government in making out

economy less or more efficient. We will consider the following concepts: scarcity, opportunitycosts and marginal cost, production possibilities, specialization and comparative advantage, the

nature and functions of product market, supply and demand, models of consumer choice, firm

production, costs, revenues, product pricing and outputs, factor markets, efficiency, equity, and
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the role of government. We will look at market failures such as imperfect competition

(monopoly and oligopoly) and externalities.

5. Learning objectives

Students will be able to understand:

basic economic principles and concepts: scarcity, choice and opportunity cost, PPF,

comparative advantage, specialization, and trade the differences between various types of market structures

efficiency and welfare optimality of perfectly and imperfectly competitive markets

the effects of externalities and public goods on efficiency

government policies aimed at improving welfare.

Students will learn:

to apply principles of supply and demand

to apply the method used to various topics discussed under course description

provide in-depth, typical examples to each of the concepts and models

to analyse a whole range of economic problems

VALUES AND ATTITUDES: Students practice

KIMEP Core Values

Academic honesty

Respect for peers and instructors

Teaching Methodology

The format of the course is basically lectures but also includes homework assignments and

discussions

Assessment Scheme

Continuous Assessment 60% Homework assignments

Quick quizzes

Mid-term Exams

20%

10%

30 %

Final Assessment 40%

Examination 40%

TOTAL 100%

FINAL CLASS GRADE:0.2*average homework score + 0.1*average five-min quiz score + 0.3*Midterm score + 0.4*Final

exam score


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Cheating or plagiarism may result in an F in the course and/or expulsion from the class.

Information dissemination: Information regarding this course and assignments will be given by

the instructor during the class or can be found on the L-drive.

No checking E-mails or surfing the Internet during the class.

Students are also expected to check their Umails.

Enrollment in the course constitutes an agreement with the terms and requirements in thissyllabus.

Attendance:Regular class attendance is expected, and poor attendance may reduce a students class participation

grade. Students are expected to submit their written notices to the office or the instructor for their

absence before class.

Late assignments/Quizzes:

Late assignments will not be accepted. Quick quizzes will not be made-up.

Rules for Exams:

1. Place your bags and clothes on the designated area.2. Come to Exam Room on time. If you come 10 minutes late 0 points for the exam.3. Switch off mobile phones, car alarms.

4. Use own calculator, not mobile phone.

5. The exam is closed book, closed-notes.

6. Dont talk, look at others paper (-10%.)7. Raise your hand if you have a question.

8. You must not to leave classroom until exam ends.

10. Assignment list

Homework Due to Week

HW 1 Friday Sep 2 3HW 2 Friday Sep 16 5HW 3 Friday Oct 14 8

HW 4 Friday Oct 28 11HW 5 Friday Nov 11 13HW 6 Friday Nov 25 15

11. Period-by-period Schedule (Tentative)

Week Chapter Topics, Readings & Activity Estimated student

time*

1 Chap 1

Chap 2

Introduction to the course.Economic thinking.

The economic problem

6 hours


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2 Chap 3 Demand and Supply 6 hours

3 Chap 4 Elasticity 6 hours

4 Chap 5 Efficiency and Equity 6 hours

5 Chap 6 Government actions in markets 6 hours

6 Chap 8 Utility and demand

Mid-term Examination #1, Sep., 23

Topics include chapters MP9e:1-8

6 hours

7 Chap 9 Possibilities, preferences, and choices 6 hours

MID-TERM BREAK

8 Chap 7 Global markets in action 6 hours

9 Chap 10 Organizing production 6 hours

10 Chap 11

Chap 12

Output and costPerfect competition

6 hours

11 Chap 13

Chap 14

MonopolyMonopolistic competition

6 hours

12 Chap 15 Oligopoly

Mid-term Examination #2, Nov., 4, Hall #2 Val.bld.

Topics include chapters MP9e: 8-11

6 hours

13 Chap 16 Externalities 6 hours

14 Chapter 18 Markets for factor production 6 hours

15 Chapter 19

Chapter 20

Economics inequality

Uncertainty and information

6 hours

Total hours required by students in studying, preparing, and completing

assignments

90

Final EXAM (2 to 3 hours, close book)

*For each classroom hour, students are expected to spend two additional hours in out-of-class work orstudy.

gasina micro syl

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