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Micro and Macro Economics Course Outline

This document outlines an economics course covering microeconomics and macroeconomics. Microeconomics will cover individual decision making and product markets, taught by Arundhati Sarkar Bose in sessions 1, 2, 8, 9, and 10. Macroeconomics will cover the functioning of the economy and the effects of policy making on output and employment, taught by Prabal Sen in sessions 3, 4, 5, 6, and 7. The course will cover topics such as demand, supply, production costs, and different market structures including perfect competition, monopoly, and oligopoly. Students will be evaluated through three quizzes worth 30%, 30%, and 40% respectively testing their knowledge of microeconomics, macroeconom

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Preethi Mendon
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10 views8 pages

Micro and Macro Economics Course Outline

This document outlines an economics course covering microeconomics and macroeconomics. Microeconomics will cover individual decision making and product markets, taught by Arundhati Sarkar Bose in sessions 1, 2, 8, 9, and 10. Macroeconomics will cover the functioning of the economy and the effects of policy making on output and employment, taught by Prabal Sen in sessions 3, 4, 5, 6, and 7. The course will cover topics such as demand, supply, production costs, and different market structures including perfect competition, monopoly, and oligopoly. Students will be evaluated through three quizzes worth 30%, 30%, and 40% respectively testing their knowledge of microeconomics, macroeconom

Uploaded by

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

Economics

Prabal Sen & Arundhati Sarkar Bose


Part A
MICROECONOMICS
Individual decision
making and functioning
of the product market. Part B
Instructor: Arundhati MACROECONOMICS
Sarkar Bose Functioning of the
Sessions: 1, 2, 8, 9 & 10 economy and Effect of
national level policy
making on aggregate
output and employment.
Instructor: Prabal Sen
Sessions: 3, 4, 5, 6 and 7
Outlining the Course :
1. Demand, Supply and Market :
• How Consumers make choices about What to
buy? How much to buy? And What prices to
offer?

• How Suppliers make choices about What to


produce? How much to produce? And What
prices to charge?
2. Production & Cost: A Short Run
Analysis

• What determines cost of production?


• How is technology chosen to minimize
cost ?
3. Market: Perfectly competitive
market structure

• How does the buyers and sellers act if


there are many of them?
• Who decides the price and how if there
are many sellers?
• Is operating in such a market profitable?
4. Market: Monopolistic market
structure

• How does monopoly (a single seller)


exist?
• How is price and quantity to supply
decided in such a market?
5. Market: Oligopolistic market
structure

• How does the market function when


there are a few firms?
• How does each firm make strategies to
counter the strategies of other firms?
Evaluation :

• Quiz 1 30% On Part B (Macroeconomics)

• Quiz 2 30% On Part A (Microeconomics)

• Quiz 3 40% On both Part A and B

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