COURSE PLAN: KEB2203: INTERMEDIATE MICROECONOMICS

Course Leader:
Wan Noorashikin Wan Abdullah

Course Code/Title:
KEB2203: Intermediate
Microeconomics

Semester/Year:
February 2013

Office:
Office:
Faculty of Education and Social Sciences
Level 5, Block B1,
Pintar Campus,
Leisure Commercial Square
Petaling Jaya, Selangor, Malaysia

Telephone: 03-76277320

Course Plan:
Final Version

Email: shikin@umtech.edu.my

INTRODUCTION
This course builds on the foundation students acquired in BEB1033 Microeconomics. It covers a deeper analysis of
economic theory and application involving mainly equilibrium analysis of demand, production, supply and the
structures of market.
COURSE OBJECTIVES
The course is designed to provide an analytical insight into the workings of a market economy via the allocation of
resources among producers and consumers. Emphasis will be given to the explanation of demand and supply in
terms of their various dimensions and properties.
LEARNING OUTCOMES
At the end of the course, students are able to:
1.
2.
3.
4.
5.
6.

explain the nature and method of economics

identify the factors influencing demand and differentiate between movement along and shift of the
demand curve
describe the determinants of supply
elucidate and differentiate among different types of elasticity
explain the concepts of diminishing returns and short and long run cost functions
analyze the market structure of selected industries

TEXT BOOK
1.
2.

McConnell and Brue. (2012), Economics: principles, problems and policies.

Michael Parkin. (2012) Economics. 10th ed.

ADDITIONAL READINGS
1. OSullivan & Sheffrin. (2005) Survey of Economics; Principles and Tools, 2nd Edition, Prentice Hall.
2. Collinge & Ayers. (2004), Economics By Design; Survey and Issues, 3rd Edition. Prentice Hall.
3. Heyne, Boettke & Prychitko, (2006), The Economic Way of Thinking, 11th Edition. Prentice Hall, Paper.
4. Dawson, Anand, Athreye, Himmelweit, Mackintosh, Sawyer & OShauhnessy. (2006), Economics and Economic
Change, 2nd Edition.. Prentice Hall, Paper Bound.
5. Hubbard & OBrien. (2007), Essentials of Economics, Prentice Hall, Paper.
COURSE ASSESSMENT

Non-cognitive Assessment (Character, Attendance)

Coursework (Continuous Assessment i.e. Quiz, Assignment, Exercises, etc.)

Final Examination
Total

5%
35%
60%
--------100%
---------

COURSE/ATTENDANCE POLICY
Students are required to abide by the Universitys Academic Regulations pertaining to all matters during their course
of study.

STUDY GUIDE (February Semester)

READINGS/QUIZ
/ASSIGNMENT /
EXAMINATION

DATE

WEEK

04/02/13 - 08/02/13

Introduction to Intermediate Microeconomics

11/02/13 - 15/02/13

Market and Demands Preliminaries

18/02/13 - 22/02/13

The Basic Supply and Demand

25/02/13 - 01/03/13

Consumer Behaviours,
Behaviour.

04/03/13 - 08/03/13

Individual and Market demand

11/03/13 - 15/03/13

Production Cost of Production

18/03/13 - 22/03/13

Profit Maximization and Competitive Supply

-The Analysis of Competitive Strategy

25/03/13 - 29/03/13

TOPICS

Uncertainty

and

Consumer

MID SEMESTER BREAK

01/04/13 - 05/02/13

Market for Factor Inputs Investment, Time Capital

Markets

08/04/13 - 12/04/13

Market power: Monopoly and Monophony

10

Monopolistic Competition and Oligopoly

- Game Theory and Competitive Strategy

22/04/13 - 26/04/13

11

Market for Factor Input

29/04/13 03/05/13

12

External costs and benefits.

06/05/13 10/05/13

13

Discussion

13/05/13 17/05/13

14

Discussion

15/04/13 - 19/04/13

18/05/13 02/06/13

FINAL EXAMINATION

DATELINES/
REMARKS