ECONS 213 - Microeconomic Analysis

Dear Students,

Welcome to the Course Microeconomic Analysis (ECONS 213). I am thrilled that so many students have enrolled for the course. The lectures for the course are held every monday at 10.00 - 12.00 and on Thursdays at 14.00 - 16.00. Both lectures will be held at Amphitheatre 150. You will find below a detailed programme for the semester. The lecture notes can also be downloaded. In case you are unable to dowload the notes, contact the course coordinator immediately.

Be adviced that continuous assessement (written tests, oral quiz, group reports and presentation) constitute 30% while the written exams is 70%.

I hope you will be able to stand up to the challenge and enjoy the ride while acumulating knowledge that will no doubt uplift you and safeguard your passage into the promising world. Remember that "Only one who devotes himself to a cause with his whole strength and soul can be a true master. For this reason mastery demands all of a person"---Albert Einstein.

I look forward seeing you all at the lectures.

Kind regards,

Dr. Ernest Molua

SEMESTER SCHEDULE & COURSE OUTLINE

Lecture No.	Date	Time	Lecture Theme	Comments
1	Wk1	Ditto	Production	Ditto
2	Wk1	"	The Market, Budget Constraints	""
3	Wk2	""	Preferences, Utility, Math Appendix. Math review	Quiz
4	Wk2	""	Utility, Choice	""
5	Wk3	""	Demand, Revealed Preference	""
6	Wk3	""	Slutsky Equation, Intertemporal Choice	Quiz
7	Wk4	""	Uncertainty	""
8	Wk4	""	Consumer’s Surplus, Market Demand	Review WK 1-4
9	Wk5	""	Profit Maximization, Cost Minimization, Cost Curves	""
10	Wk5	""	Firm Supply, Industry Supply	Excursion
11	Wk6	""	Monopoly, Oligopoly	Quiz
12	Wk7	""	Externalities, Public Goods	""
13	WK8	""	Asymmetric Information	""
14	WK9	48	Review for Exams	Oral Quiz

Further details on the content of the lectures are available and continoulsy being updated. Contact the course co-ordinator.

BOOKS & LITERATURE LIST

The main textbooks are:

(1) Principles of Microeconomics, Second Edition, by N. Gregory Mankiw, South-Western Publishers, 2001.
(2) Intermediate Microeconomics: A Modern Approach, Sixth Edition, by Hal R. Varian,
(3) Economics for Professional and Business Studies by R. Powell, DP Publications Ltd, and
(3) Workouts for Intermediate Microeconomics, Sixth Edition, by Ted C. Bergstrom and Hal R. Varian.

I am also requiring the study guide which is sold with the book (at no extra cost): Study Guide to Accompany Principles of Microeconomics, David Hakes, South-Western Publishers, 2001. Additional readings will be assigned from: The Armchair Economist: Economics & Everyday Life by Steven Landsburg, The Free Press, 1993. These books are available at the University Road Bookstore and the Pan-African Instute for Development Library. They are also on reserve in the University Library.

In addition, students are adviced to regularly perform On-Line Exercises.