COURSE INFORMATION Course Title: MICROECONOMICS

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
ECO 205	A	3	3	0	0	3	5

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:	Agim Kukeli , E-304 stop by or email for an appointment
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:	E/213; Tuesday 8:45 - 11:15
Course Description:	The aim of this course is to examine the analytical framework used in microeconomics. New concepts are illustrated with entertaining and informative examples, both verbal and numerical. In addition, several purely ‘micro’ topics are illustrated with ‘macro’ applications. On the successful completion of this unit, students should have a clear understanding of the basic principles of microeconomics and with the aid of simple mathematical tools, be able to solve specific problems and answer questions appropriate to this level. Topics include supply, demand and equilibrium, the behavior of consumers, the behavior of firms, production and costs, competition welfare economics, knowledge information, monopoly, market power, collusion and oligopoly, the theory of games, external costs and benefits, common property and public goods, the demands for factors of production, the market for labor, risk and uncertainty.
Course Objectives:	Main objective is to enhance the economic way of thinking by going beyond what is taught in principles class. This is a course in microeconomics theory .The starting point will be the microeconomics taught in Principles of Microeconomics course. Applications of the theory will be an important part of the course for two purposes: as a way of explaining the economic intuition, and as a way of helping you to see the usefulness of microeconomics.

COURSE OUTLINE

Week	Topics
1	Economic Models. Appendix: Mathematics Used in Microeconomics.
2	Utility and Choice.
3	Demand Curves.
4	Uncertainty.
5	Game Theory.
6	Production.
7	Costs.
8	Midterm Exam Week
9	Profit Maximization and Supply.
10	Perfect Competition in a Single Market.
11	Monopoly.
12	Imperfect Competition.
13	Pricing in Input Markets. Appendix: Labor Supply.
14	Asymmetric Information.

Prerequisite(s):	Introduction to Economics I or any other Introduction to Microeconomics course. College Algebra. Students lacking any of the prerequisites should talk to the instructor.
Textbook:	Intermediate Microeconomics [and its application], by Nicholson and Snyder , Cengage Learning, 12-th edition [earlier edition may work but you must check with 12 edition for possible rearrangements].
Other References:	Greag Mankiw, Principles of Microeconomics OR any Microeconomics textbook
Laboratory Work:	N/A
Computer Usage:	N/A
Others:	No

COURSE LEARNING OUTCOMES

1	Knowledge of specific concepts on Microeconomics Theory
2	Capability of understanding and analyzing a microeconomic model
3	Capability to build and explain an economic model
4	Ability to abstract about consumer's behavior
5	Ability to abstract about producer's behavior
6	Ability to use the theory for policy analysis and debate

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

No	Program Competencies	Cont.
Bachelor in Business Informatics (3 years) Program

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	20
Quiz	10	2
Final Exam	1	30
Attendance		10
Other	10	2
	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	48	48
Mid-terms	1	10	10
Assignments			0
Final examination	1	15	15
Other	2	2	4
Total Work Load:			125
Total Work Load/25(h):			5
ECTS Credit of the Course:			5