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The document outlines the course structure for Microeconomics-II at Addis Ababa University, detailing topics covered such as monopolistic competition, oligopoly, game theory, factor pricing, general equilibrium, and asymmetric information. It specifies the course delivery methods, assessment methods, and policies regarding attendance, assignments, and exams. Reference materials include works by Koutsoyiannis, Dwivedi, Pindyck, and others.

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5 views

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The document outlines the course structure for Microeconomics-II at Addis Ababa University, detailing topics covered such as monopolistic competition, oligopoly, game theory, factor pricing, general equilibrium, and asymmetric information. It specifies the course delivery methods, assessment methods, and policies regarding attendance, assignments, and exams. Reference materials include works by Koutsoyiannis, Dwivedi, Pindyck, and others.

Uploaded by

tolinan123
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Addis Ababa University

Department of Economics

Course Name: Microeconomics-II


Course Code: Econ 2022
Credit hour: 3
Semester: II

Course Outline
Lecture
Topic of the Lecture Reference Materials
(hours)

Chapter One: Monopolistic Competition

1.1. Assumptions o Koutsoyannis: pp


1.2. Product Differentiation, the demand 202 – 209
curve and cost of the firm o Dwivedi: PP 378 –
1.3. The Concept of Industry and product 388
6 hours ‘group’ o Pindyck: PP 421 –
1.4. Short-run and long-run equilibrium of 425
the firm
1.5. Excess capacity and welfare loss

Chapter Two: Oligopoly

2.1. Non Collusive Oligopoly o Koutsoyannis: pp


2.1.1. Cournot’s Duopoly Model 216 – 251
2.1.2. The Kinked Demand Model o Dwivedi: PP 395 –
2.1.3. Bertrand’s Duopoly Model 418
2.1.4.Stackelberg’s Duopoly Model o Pindyck: PP 428 –
2.2. Collusive Oligopoly 453
12 hours 2.2.1. Cartels
2.2.1.1. Cartels Aiming at Joint Profit
Maximization
2.2.1.2. Market Sharing Cartel
2.2.2. Price Leadership
2.2.2.1. The Low Cost Price Leader
2.2.2.2. The Dominant Firm
Chapter Three: Game Theory

3.1. Dominant Strategy Equilibrium o Koutsoyannis: pp


3.2. Nash Equilibrium 405 – 415
3.3. Mixed Strategy Equilibrium o Pindyck: PP 458 –
3.4. Prisoner’s Dilemma 470
6 hours
3.5. Repeated Games and Enforcing A o Varian: PP 259-280
Cartel
3.6. Sequential Game
3.7. Game of Entry Deterrence
Chapter Four: Pricing of Factors of Production and Income Distribution

4.1. Factor pricing in a perfectly o Koutsoyannis: pp


competitive market 438 - 451
4.1.1. The demand for factors of o Dwivedi: PP 435–
production 452
4.1.1.1. The demand for one variable o Pindyck: PP 488 –
productive factors 506
4.1.1.2. The demand for several
variable inputs
4.1.1.3. Market demand for a factor
4.1.2. Factor supply and factor prices
4.1.2.1. The supply of labour by an
individual worker
4.1.2.2. The market supply of labour
4.1.2.3. Factor pricing
4.2. Factor pricing in imperfectly o Koutsoyannis: pp
competitive markets 451 - 480
4.2.1. Monopolistic power in product o Dwivedi: PP 458 –
15 hours market 475
4.2.1.1. Demand of the firm for a o Pindyck: PP 509 –
single variable input 518
4.2.1.2. Demand of the firm for two or
more variable inputs
4.2.1.3. Market demand and supply of
factors
4.2.2. Monopolistic power in the factor
market (monopsony)
4.2.2.1. A monopolist using a single
variable factor
4.2.2.2. A monopolist using two or
more variable inputs
4.2.3. Bilateral monopoly
4.3. Elasticity of factor substitution,
technological progress and income
distribution

Chapter Five: General Equilibrium and Welfare Economics


5.1. Partial and General Equilibrium o Koutsoyannis: pp
Analysis 495 - 506
5.2. General Equilibrium in a Pure o Dwivedi: PP 557 –
Exchange Economy 561
6 hours
5.3. General Equilibrium in Production o Pindyck: PP 562 –
5.4.Simultaneous Equilibrium of 568, 573 – 580
Production and Consumption
5.5 Welfare Economics: Criterions

Chapter Six: Introduction to Asymmetric Information


6. Asymmetric Information o Pindyck: PP 591 –
6.1. Adverse Selection 615
3 hours
6.2. Moral Hazard
6.3. Signalling and Screening

Course Delivery Methods


The delivery method shall be student-centered. Students are highly expected to
participate in class works at the middle and end of each session and in group
discussions inside and outside of the class. Specifically the course will be
delivered through the following methods:
 Lecture Method
 In-class problem solving
 Group Work
 Assignment

Assessment Methods
Student evaluation in this Courseconsist both formative and summative
assessments including quizzes, test and final exam. Marks will be allocated
according to the following grading schedule.
Assessment Method Weight
Assignment(Indiv/group) 20%
Quizzes/Tests (Max of 10% each) 30%
Final Exam 50%
Total 100%
Course Policy
 Late coming is not allowed and no student is allowed to enter after class has
started.
 Duplication of assignments is strictly forbidden; it entails serious penalty.
 Assignments are required to be submitted before or on the deadline.
 Cheating during exam sessions results in a minimum of “F “grade while
cheating in quizzes and tests is subjected to a zero mark. All cheating cases
will be reported to the department for further considerations.
 Students should switch off their cell phones while they are in class and must
keep their cell phones switched off during all kinds of exam sessions.
 students must attend 80% of the class for the course. Failure to attend 80%
of the class will not allow the student to sit for the final exam.
 Missing a quiz without convincing evidences will earn the students a grade of
zero marks in that specific quiz

REFERENCES
1. A. Koutsoyiannis, Modern Microeconomics
2. D.N .Dwivedi, 1997, Micro Economic Theory, 3rd Ed., Vikas Publishing
3. R.S. Pindyck & D.L. Rubinfeld, Microeconomics.
4. Hal R. Varian, Intermediate Microeconomics: A Modern Approach, 6th
Ed.
5. C.L.Cole, Micro Economics: A Contemporary Approach.
6. Ferguson & Gould’s, 1989, Microeconomic Theory, 6th Ed.
7. R.R. Barthwal, Microeconomic Analysis.
8. E. Mansfield, Microeconomics: Theory and Applications.
9. D.S. Watson, Price Theory & Its Uses.
*Any other Intermediate Microeconomics book can also be used as a
supplementary reading material.

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