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Debremarkos Univeristy Burie Campus

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52 views2 pages

Debremarkos Univeristy Burie Campus

Uploaded by

Gebyaw Demeke Aniley
Copyright
© © All Rights Reserved
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ABAY MINCH COLLEGE

DEPARTMENT OF MANAGEMENT
Course outline of Microeconomics for 2rd year first semester extension
management students
Academic Year: 2016 E.C.
Credit Hours: 3

Chapter one : Theory of Consumer Behaviour and demand


1. Consumer Preferences and Choices o A.Koutsoyiannis
1.1. Consumer Preference , PP 13-60.
1.2. Utility o H.S. Agrawal,
2. Approaches to measure Utility PP 97-260.
2.1. The Cardinal Utility approach
2.1.1. Assumptions of Cardinal Utility theory
2.1.2. Total and Marginal Utility
2.1.3. Law of diminishing marginal Utility (LDMU)
2.1.4. Equilibrium of a consumer
2.1.5. Derivation of the Cardinalist Demand
2.2. The Ordinal Utility Approach
2.2.1.Assumptions of Ordinal Utility approach
2.2.2.Indifference Set, Curve and Map
2.2.3.Properties of Indifference Curves
2.2.4.The Marginal rate of substitution (MRS)
2.3. The Budget Line or the Price line
2.3.1.Factors Affecting the Budget Line
2.3.1.1. Effects of changes in income
2.3.1.2. Effects of Changes in Price

Chapter two: The Theory of Production


2.1 Production function o A.Koutsoyiannis
2.2. Laws of production , PP 67-92
2.2.1. 2.2.1 The law of variable proportions o H.S. Agrawal ,
2.2.2. 2.2.2 Laws of returns to scale PP 279-292
2.3. Choice of optimal combination
of factors of production

Chapter three : Theory of Costs


3.1. Short-Run Costs o A.Koutsoyiannis
3.2. Long-Run Costs , PP 105-120
3. 3.Derivation of Cost Functions from Production functions o H.S. Agrawal ,
PP 359-368
Chapter four: Perfect Competition Market
4.1 Characteristics of perfectly competitive market o A.Koutsoyiannis
4.1.1 The Short-Run Equilibrium of the Firm and industry , PP 154-163
o A.Koutsoyiannis
4. 4.1.2 The Long-Run Equilibrium of the Firm , PP 171-189
and industry o H.S. Agrawal ,
PP 470-477
R.S. Pindyck and
D.L. Rubinfeld, PP
Chapter five : pure monopoly market 351-356
4.2.1. Characteristics of pure monopoly
4.2.2 Causes for the existence of monopoly
4.2.2. Short Run and Long-Run Equilibrium
4.3.3. price discrimination

REFRENCES
1. A. Koutsoyiannis, Modern Microeconomics
2. H.S. Agrawal, Principles of Economics, 7th edition.
3. Hal R. Varian, Intermediate Microeconomics: A Modern Approach, Fourth Edition
4. C. Ferguson, Microeconomic Theory
5. R.S Pindyck and D.L.Rubinifeld, Microeconomics
6. E. Mansfield, Microeconomics: Theory and Applications
7. Robert H. Frank, Microeconomics and Behavior
* Any other Intermediate Microeconomics text book can also be used as a supplementary
reading material.

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