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Basic Microeconomics Course Outline

This document outlines the basic microeconomics course G3511EA/EMI3571 for 2023. It provides contact information for the two lecturers, Dr. Canicio Dzingirai and Dr. Sakaria A. Kalumbu. It also lists the time slots, assessment breakdown, prescribed textbooks, learning outcomes, and course contents. The assessment will consist of continuous assessment worth 50% based on 4-5 quizzes, and an examination worth 50%. The learning outcomes include understanding different types of economics and applying economic theory to real-world scenarios by calculating concepts like elasticities, costs and utilities. The course contents will cover topics such as the definitions of microeconomics and macroeconomics, how markets

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Lorraine J
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83 views2 pages

Basic Microeconomics Course Outline

This document outlines the basic microeconomics course G3511EA/EMI3571 for 2023. It provides contact information for the two lecturers, Dr. Canicio Dzingirai and Dr. Sakaria A. Kalumbu. It also lists the time slots, assessment breakdown, prescribed textbooks, learning outcomes, and course contents. The assessment will consist of continuous assessment worth 50% based on 4-5 quizzes, and an examination worth 50%. The learning outcomes include understanding different types of economics and applying economic theory to real-world scenarios by calculating concepts like elasticities, costs and utilities. The course contents will cover topics such as the definitions of microeconomics and macroeconomics, how markets

Uploaded by

Lorraine J
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Basic Microeconomics (G3511EA/EMI3571) 2023

Lecturer: Dr. Canicio Dzingirai


Office: Room X051
CONTACT: 061 206 3399: e-mail: [email protected]
Lecturer: Dr. Sakaria A. Kalumbu
Office: Room X252
CONTACT: 061 206 3983: e-mail: [email protected]
Time Slot, Date and Venue

E Wed 07:30 & Fri 10:30 Wed 08:30 & Fri 09:30 LH1
L Mon 15:30 & Wed 14:30 Tue 16:30 & Thurs 16:30 LH1
Assessment: Continuous assessment: 50% (5 tests)

There will be 4-5 quizzes. They will be on Moodle, dates will be announced. Your continual
assessment grade will be determined by the average of the best test results. Students must receive
40% on average on these tests so as to sit the final exam. Students who fail to attend their tests for
whatever reason will get zero.
Examination: 50% (1 x 3-hour examination paper)

Prescribed textbook
Parkin, M (2019) Economics: Global Edition, 13th edition
Parkin, M (2014) Economics: Global and Southern African Perspectives 2nd edition, Pearson
Education South Africa.
The learning Outcomes
The students should be able to define economics and differentiate between the types of economics.
They also need to be able to relate the economics theory to the real-world scenarios. The students
should be able to calculate elasticities, costs and utilities and be in a position to link them to their
daily decision making. The students should also be in a position to narrate what happens in the market,
the types of markets and the difference between those markets, as well as the role of the price in the
market structures. The students should be able to outline the role of the government, as well as the
purpose of public good in an economy.
Course Contents
Part 1: Introduction to Economics
Definitions of economics Microeconomics and Macroeconomics;
Production Possibilities Curve, Gains from trade, Economic coordination

Part 2: How markets work


Demand and Supply; Market equilibrium; Predicting changes in price and quantities
; Price elasticity of demand; More elasticities of demand; Elasticity of supply;
Efficiency and Equity; Government Actions in Markets.

Part 3: Households and choices


Utility and demand; Possibilities, preferences and choices

1
Part 4: Firms and markets
Output costs; Perfect competition; Monopoly; Monopolistic competition

Part 5: Market Failure and Government intervention


Public choices, Public Goods; Externalities

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