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Microeconomics Course Outline

This document provides a course outline for a microeconomics course offered at Jomo Kenyatta University of Agriculture and Technology. The objectives are to develop students' knowledge of economic theory including demand, consumer behavior, markets, and international trade. Topics to be covered over 14 weeks include introduction to economics, demand, supply, costs and revenues, consumer behavior, and market structures. Students will be assessed through exams, assignments, and a final exam. The course aims to explain economic concepts and analyze markets.

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Alex Hongo
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145 views3 pages

Microeconomics Course Outline

This document provides a course outline for a microeconomics course offered at Jomo Kenyatta University of Agriculture and Technology. The objectives are to develop students' knowledge of economic theory including demand, consumer behavior, markets, and international trade. Topics to be covered over 14 weeks include introduction to economics, demand, supply, costs and revenues, consumer behavior, and market structures. Students will be assessed through exams, assignments, and a final exam. The course aims to explain economic concepts and analyze markets.

Uploaded by

Alex Hongo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

JOMO KENYATTA UNIVERSITY OF AGRICULTURE AND TECHNOLOGY

COURSE OUTLINE

HPS 2109- micro economics


Semester: May –August 2020
INSTRUCTOR: Evans Nyatogo (Tel 0727381793; email: evansnyatogo@[Link])
COURSE OBJECTIVES
The objectives of this course are to:
1) Develop the student’s knowledge in economics such as theory of demand and
consumer behaviour.
2) Develop the student’s knowledge on market behaviours and production
3) Expose the student to foreign trade and recent developments in economics.
Learning outcomes:
At the end of the course, the learner should be able to:
1. Explain factors affecting demand and supply..
2. Analyze and interpret various market structures and associated curves.
3. Understand recent developments in economic theory.

TOPICS TO BE COVERED

WEEK TOPIC SUBTOPIC


WEEK 1 Introduction to economics  Definition of
economics
 Types of economics
 Want and need
WEEK 2 Demand  definition of demand
 types of demand
 factors affecting
demand
WEEK Demand  law of demand
3&4  demand curves
 movement of demand;
shift and movement
along demand curve
WEEK 5 supply  definition of supply
supply curves
factors affecting
supply

WEEK 6 Theory of the firm  factors of


production and
rewards
 production stages

Week 7 CAT 1
WEEK 8 Theory of costs and revenues  total cost, average
cost, marginal cost
total revenue, average
revenue, marginal
revenue
WEEK 9 Consumer behavior  utility
 concept of marginal
utility
 measurement of utility
WEEK Consumer behavior  indifference curves
10  budget line
 marginal rate of
substituition

WEEK Market structures  types of market


11 structures
 features and curves
WEEK Market structures  theory of revenues,
12 costs and profits
WEEK CAT 2
13
WEEK REVISION
14

Teaching methodology
The course shall be conducted by way of lectures, discussions and group presentations.
Instructional materials
Technology enhanced lecture rooms: smart board, LCD projector &computers, flip charts,
television, videos
Course assessment
CATS and assignments 30%
Final exam 70%
Course text books
1. Eitman,D.K. and A.F. Stonehill, introduction to economics Addison Wesley, 1995
2. Shapiro A.C. modern economics , Prentice hall international, 1996
3. Mukras (2005).economic algebra:Frameworks,Pearson Education, New Delhi
Reference text books
1. Lipsey, R.G and christal, K.A(1999) Elements of Mathematical economics
2. Burton, G. George C and Stuart, W. (2002) quantitative methods FOR Business and
Economics, (2nd ED) Person education, Essex
Course journals
1. Journal of microeconomics. Elsevier
2. The B.E journal of microeconomics. De Gruyter
3. American economic journal: Microeconomics. AEA

Reference journals
1. Journal of international economics, Elsevier
2. Journal of microeconomics –Cambridge

Prepared by ______________________________________________Date_______________
Course Lecturer

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