COURSE INFORMATION Course Title: APPLIED MICROECONOMICS

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
ECO 403	B	1	3	0	0	3	6

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Patrice Kandolo Kabeya , 09.30-17.30
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Compulsory
Classroom and Meeting Time:	18.00-20.45
Course Description:	-
Course Objectives:	Applied Microeconomics aims to model economic activities as the interaction of individual economic agents pursuing their private interests. Microeconomics theory applied to problems facing decision-makers in business, government, non-profit firms, and other institutions. This course provides students with the foundations of macroeconomic analysis. The primary objective is to develop the abilities of students to apply fundamental micro economic concepts to a wide range of managerial decisions , as well as public policy issues. Foundation topics include : the nature of the firm ; its costs and supply behavior ; consumer behavior and market demand; market forces, price formation and resource allocation; and market power and price -setting behavior. Students will also be introduced to more advanced aspects of micro economic analysis, including topics such as decision-making with risk and imperfect information and more complex pricing strategies.

COURSE OUTLINE

Week	Topics
1	Economic Models and Mathematical Principles Basic to Applied Microeconomics
2	Market Forces : Demand and Supply
3	Quantitative Demand Analysis
4	Consumer Choice
5	Choice under Uncertainty
6	Production with One Variable Input
7	Production with One Variable Input
8	Costs of Production from the Output Side
9	Production with Two Variable Inputs
10	Production with More than One Output
11	Perfect Competition
12	Models of Monopoly and Imperfect Competition
13	Capital Budgeting
14	Overview of the course

Prerequisite(s):	n/a
Textbook:	Applied Microeconomics: Consumption, Production and Markets, David L. Debertin, 2012 Microeconomics Theory : Basic Principles and Extensions, Walter Nicholson, Christopher Snyder , eleventh edition, 2012. Managerial Economics: Theory and Practice, Thomas J. Webster, Academic Press An in imprint of Elsevier Science , 2003.
Other References:
Laboratory Work:	n/a
Computer Usage:
Others:	No

COURSE LEARNING OUTCOMES

1	Understanding and use of the modelling process in economics
2	Understanding and use of the basic model of consumer behavior and demand. Being able to relate it to reality.
3	Understanding and use of the perfectly competitive market model and imperfect competitive market models. Interpretation of results and relation to the real world
4	Recognise the role of strategic thinking in oligopolistic market model and the empirical applications of microeconomics.
5	Explain the crucial role of information in modern business and use microeconomics theory to analyse information problems.
6	Students are able to apply some quantitative tools in solving some empirical problems.

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Master of Science in Economics Program
1	The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand economic problems in economics but also to construct a model and defend in meaningful way.	5
2	They have knowledge about the microeconomics.	5
3	They have knowledge about the macroeconomics.
4	They have knowledge about the international economics and finance.
5	They have ability to use mathematical and statistical methods in economics.	5
6	They know how to use computer programs in both daily office usage and statistical data evaluations in public and private sector.	5
7	They have necessary economics skills that needed in private and public sector.	5
8	They are intended to be specialist in one of departmental fields that they choose from the list of general economics, growth and development, labor economics and labor market, environmental economics, agricultural economics, health economics, education economics and human development, political economics, international economics, monetary economics, finance economics, public finance, international financial markets and institutions, banking and central banking, international trade and banking, monetary economics and banking,	5
9	They have ability to utilize fundamental economic theories and tools to solve economic problems in economics.	5
10	They are aware of the fact that economics is a social science and they respect the social perspectives and social values of the society’s ethics.	5

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Homework	1	20
Midterm Exam(s)	1	30
Final Exam	1	50
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	1	48	48
Hours for off-the-classroom study (Pre-study, practice)	1	32	32
Mid-terms	1	25	25
Assignments			0
Final examination	1	25	25
Other	1	20	20
Total Work Load:			150
Total Work Load/25(h):			6
ECTS Credit of the Course:			6