PRINCIPLES OF ECONOMICS I COURSE OUTLINE

CATHOLIC UNIVERSITY COLLEGE OF GHANA, FIAPRE FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION FIRST SEMESTER SEPTEMBER 2015 COURSE CODE: EBA 201 COURSE TITLE: PRINCIPLES OF ECONOMICS I COURSE COORDINATOR: B. J. NYARKOH EMAIL: brightnyarkoh@yahoo.com BLOGS: www.brightnyarkoh.blogspot.com www.brightnyarkoh.wordpress.com PHONE NUMBERS: 0249307101/0208263239 OFFICE: ROOM 7 (EBA BLOCK) OFFICE HOURS: SUNDAY 15:00 – 17:00/TUESDAY 13:00 – 15:00 COURSE DESCRIPTION This course looks at selected issues in microeconomics—demand and supply; elasticity of demand and supply; the consumption decision; time and risk; theory of the firm; and market structures. These key substantive issues in microeconomics will be analysed critically. EXAMINATIONS This course will be examined by means of a continuous assessment and an end of semester examination. The Continuous Assessment will constitute 40% of the total mark to be awarded for this course. This will comprise class attendance and participation, twenty percent (20%); and assessed class exercises/assignments, twenty percent (20%). The due date for the submission of any assessed assignment will be communicated in class. Except under extreme circumstances, no assignment will be accepted after the expiration of its due date. The final examination will be a two and half (2.5) hour written paper. This will also be graded 60%. ELIGIBILITY FOR FINAL EXAMINATION A student will only be allowed to take part in the final examination provided they have attended at least 80% of all the core lectures. Students are to note that it is in their own interest to be in class at all material times, as attendance will be checked in class. ACADEMIC INTEGRITY Academic integrity consists in adhering to the five fundamental values of honesty, trust, fairness, respect, and responsibility (Check the Academic Integrity Website http://www.academicintegrity.org). From these values flow the principles of behaviour that will enable the Catholic University College of Ghana to translate ideals into action. An academic community flourishes and advances the frontiers of knowledge when its members are committed to the five fundamental values. In this direction, therefore, both students and the course coordinator are expected to behave well and responsibly for the entire duration of the course. The use of cellular phones in class, for instance, will not be tolerated under any circumstance. Students should also note that plagiarism (academic dishonesty/stealing) is a very serious offence in the University. COURSE CONTENT 1. Basic Economic Concepts 2. Price Mechanism 3. Demand, Supply and Price 4. Using Demand and Supply: Price, Income, and Cross Elasticities 5. The Consumption Decision 6. Production and Cost Analysis 7. Perfect Competition 8. Monopoly 9. Monopolistic Competition REFERENCES Bajada, C., Jackson, J, McIver, R. and Wilson, E. (2012), Economic Principles, New York: McGraw – Hill. Colander, D. C. (1998), Microeconomics, Boston: McGraw-Hill Irwin Frank, R. H. and Bernanke, B. S. (2009), Principles of Economics, New York: McGraw-Hill Irwin Harvey, J. (1994), Mastering Economics, London: Macmillan. Lipsey, R.G. (1989), An Introduction to Positive Economics, London: Weidenfeld and Nicolson. Matziorinis, K. N. (2012), Business Economics: Theory and Practice, Montreal: Canbek Publications. McConnell, C. R., Brue, S. L. and Flynn, S. M. (2009), Economics, New York: McGraw-Hill Irwin Parkin, M. (2012), Economics, Harlow: Pearson Education Ltd. Salvatore, D. and Diulio, E.A. (1996), Principles of Economics, New York: McGraw-Hill. Samuelson, P. A. and Nordhaus, W. D. (2010), Economics, New York: McGraw-Hill Irwin. Stiglitz, J. (1993), Economics, New York: W. W. Norton Co. Ltd.