LEARNING OUTCOMES FOR THE COURSE
At the end of the course, the student is expected to demonstrate the following cognitive abilities and psychomotor skills.
1. Remembers and states in a systematic way (Knowledge)
a. the differences between microeconomic analysis and macroeconomic analysis
b .various laws and principles of microeconomic theory under consumption,
2. Explains (understanding)
a. various terms and concepts relating to microeconomic analysis with the help of
examples of real life
b. consumer’s equilibrium and consumer’s surplus using indifference curve analysis.
c. various laws and principles of consumption, production, and income distribution
d. determination of price and output discriminating different market conditions in
short term and long term
3. Critically examines using data and figures (analysis and evaluation)
a. various laws and principles of microeconomic analysis and market conditions
b. application of the concept of demand elasticity and its relation with Average and
Marginal Revenue
c. the relationship between average and marginal cost/revenue both in long term and
4. Draws critical diagrams and graphs to explain and examine the application of various laws
and principles of microeconomic analysis