Lovely Professional University, Punjab Format For Instruction Plan (for Courses

Lovely Professional University, Punjab FORMAT FOR INSTRUCTION PLAN (for Courses with Lectures with or without Labs) Term: _____Ist_______ Course No. ___ECO111______ Course Title: _ Microeconomics_____________ Cr__5

L: 4__ T: 1_ P: _0_

Textbook: 1. Geetika, Ghosh Piyali, Purba Roy Choudhury, Managerial Economics, Tata McGraw Hill, New Delhi, 2008 Other specific books: 2 Ahuja, H.L,”Modern Microeconomics Theory and Applications,” Sultan Chand ,2008 3. Sen, A. , Microeconomics : Theory and Applications, Oxford University Press, New Delhi, 2007 4. Varian, H. , Microeconomic Analysis, W.W. Norton, New York.2007 5. Samuelson, P.A. and W.D. Nordhaus (1998), Economics, Tata McGraw Hill, New Delhi 2008 6. Kreps, David M., A Course in Microeconomic Theory, Princeton University Press, Princeton.,2008 7. Layard, P.R.G. and A.W. Walters, Microeconomic Theory, McGraw Hill, New York, 2007 Other readings: S. No . 9

Journal articles as compulsory readings (Specific articles, Complete reference)

Indian Journal of Labour Economics October-December 2008 Vol 51 Ajit K. Ghose ‘ Globalisation and employment in Developing countries’ Relevant websites: S. No.

Web address (Exact page address)

Salient Features

12

http://economics.about.com/od/microecono mics/Microeconomics_Resources.htm

Provide detail regarding the micro economic concept

13

http://www.economywatch.com/indianecon

An insight into the Indian economy.

omy/ 14

http://www.egwald.ca/economics/productio nfunctions.php

It provide detail regarding the use of cob Douglas function

16

http://library.thinkquest.org/C004323/low/ micro2.html

It explains the different forms of market

17

http://www.jaytownley.com/the-bicycleindustry-competition

It provide the case study of perfect market

18

http://tutor2u.net/economics/content/topics/ competition/competition.htm

It provide the detail regarding the perfect market in short and long run

19

http://www.youtube.com/watch? v=blA5cFnq8Bw

Videos on Cross elasticity of demand

20

http://www.youtube.com/watch? v=LHv4SnEUcZA&feature=related

21 22

http://www.youtube.com/watch? v=WRQsug1e4V4&feature=related http://www.youtube.com/watch? v=qdRGUaTHVig&feature=PlayList&p=9598 583CA57C189D&playnext=1&playnext_from =PL&index=29

Videos on Income elasticity of demand Videos on monopolistic competition Videos on monopoly

23

http://www.youtube.com/watch?v=Eb7xkST HL4&feature=fvw

Videos on oligopoly

24

http://www.youtube.com/watch? v=7lhX78vlHSY&feature=related

Videos on perfect competition

Note : Serial no. of text book , other specific books , other readings and websites should be in continuity and can go to any number, as illustrated in the format.

Week No.

1.

Lecture No.

Topic

1 3

Chapters/ Sections of Textbook/ other reference1

Basic concepts and principles: Definitions and scope Managerial economics

Ch 1/1/11 Ch 1/1/11

5

Demand: Law of Demand , Shifts and movement; exceptions of the law of demand

Ch3/1/12

6

Demand: Law of Demand , Shifts and movement; exceptions of the law of demand

Ch3/1/12

7

Demand: Law of Demand , Shifts and movement; exceptions of the law of demand

Ch3/1/12

8

Law of supply: movements

and

Ch3/1/12

9

Market Equilibrium between demand and Supply, shifts in the equilibrium

Ch3/1/12

1

Elasticity

of

shift

Homework/ Pedagogical tool Task to be Demonstration/ assigned to case study/ students3 images/ animations 3 etc.planned4

demand:

1

Case study : Pricing Game by Game Marketer

Ch 5/ 1/12

Video(19

Pedagogical tool Date Demonstration/ Delivered2 case study/ (Mention images/ Regular animations (R) / Make etc.actually used Up (M) class)

Detailed Plan for Lectures Notes: 1. Use S. No. Of the readings above 2. To be filled in on the date of delivery of lecture by the instructor 3. Put homework number from Homework Table (below) against the lecture in which planned to be assigned (by coordinator). The first homework should be planned for the 2nd week of classes and the last should be assigned at least two weeks before the last day of classes. 4. Do not write Lecture, OHP, LCD projector etc. 5. DoA : date of Allotment 6. DoS: date of submission Details of Homework and Case Studies Planned: Homework No.

Topics of the homework

Nature of Homework (Group/individual/fieldwork)

2

Impact on consumer’s equilibrium of government expenditure, free lunch schemes, subsidies, indirect taxes, etc.

Individual

4

What dimensions of managerial decision making will be influenced by the microeconomic concepts of marginal utility, elasticity.

Individual

Actual DoA5

Actual DoS6

Term paper to be allotted by lecture no. (should be allotted before the end of 4th week of teaching and should be due at least two weeks before the last day of classes). The term paper should be evaluated before the last day of classes and the marks communicated to the students

All The detailed homework problems to be submitted attached as annexure Component Term paper

Frequenc y 1

Marks for each 25 Total

Scheme for CA: (out of 100)

Total Marks 25 100

Actual date of o task evaluation

List of suggested topics for term paper [at least 15] (Student to spend about 15 hrs on any one specified homework) S. N o.

Topic

2

Prices of primary commodities and their impact on indian primary exports

4

Share market and its growth in india after LPG

5

Impact of expenditure on defence on the overall economy of India

7.

Telecommunication Sector – A Case of Monopolistic Competition

9

Impact of Indirect Tax on Consumer Equilibrium

10

Measurement of Monopoly in Indian Railways

11

Price Discrimination: Optimum Utilisation of resources or way of market penetration

12

Decreasing Cost Industry and Business Process Outsourcing 13 Is Dumping Illegal? 14 OPEC - A form of Cartel 15 Measurement of monopoly in Indian car Industry Plan for Tutorials : (Plan for 7 x T before MTE , 6 x T after MTE)

S. No.

Topic (s)

Type of pedagogical tool(s) planned (case analysis, problem solving, test, role play, business game etc)

1.

Basic terms of microeconomics

Quiz

Pedagogical tool actually used – mention the title. (case analysis, problem solving, test, role play, business game)

Date held for group A.

Date held for group B

2.

Understanding demand of products

Problem quiz

Solving

3.

Equilibrium price and quantity

Problem quiz

Solving

4.

Elasticity of businesses?

5.

Does money buy happiness : Utility analysis

Case study analysis

6.

Indifference curve analysis (IE , PE, SE)

Situation Analysis

7.

Current issues of economics

Discussion

demand,

how

can

it

be

used

by

Class discussion

MID TERM EXAM 8.

Cost and revenue model of fast food chain “ Mc Donalds”

Class discussion

9.

Application of various firms to the type of market

Business game

10.

Perfect competition

Test

11.

Monopoly

Problem solving quiz

12.

Current issues of economics

Discussion

13.

Topics unclear to the student

Problem solving

_______________________ Prepared by (Instruction Planner: Name, signature & date) Comments of Coordinator of Specialisation (COS) wherever this designation exists/ CoD-F (if any)

Comments of HoD-F / HOF (if there is no HOD-F)

ture