MICRO ECONOMICS

Learning outcome (at course level)

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to:

CO 11: Students will explore the role of microeconomics in business decisions and interpret the role of Micro and Macro Economics in decision-making. Students will analyze the law of demand and supply and develop an understanding of various types of elasticity of demand and supply

CO 12: Students will examine the utility approach. Students will evaluate the concept of the indifference curve and budget line for making consumer choices in different situations.

CO 13: Students will evaluate the concept of production and cost analysis in different time periods and also examine the practical approach of cost analysis through various practical problems.

CO 14: Students will analyze the different market conditions taking the time element into consideration. Also able to interpret the market situation with real-world business trends.

CO 15: Students will analyze different factors of production and its pricing policy. Students can also examine the modern approaches to factor pricing.

Approach in teaching: Interactive Lectures, Discussion, Tutorials, Practical cases Demonstration, Power point presentation.    

 Learning activities for the students:                              Self learning assignments, Effective questions, Seminar presentation, Live practical problems analysis

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects