Basic Microeconomics

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BASIC

MICROECONOMICS
BSBA-111
HOUSE RULES
• Be Prepared;
• Mute and Video On;
• Be on time;
• Raise your hand if you have
concerns;
• Don’t talk when others are talking;
• Sessions will be recorded;
• Be Respectful and Kind.
ARIAN CLARENCE L.
CABALLERO
WHY BUSINESS
MANAGEMENT?
COURSE REQUIREMENTS
• Lecture Discussion
• Major Examinations
• Case Analysis
• Quizzes
• Assignments
• Task Performance
GRADING SYSTEM
• Prelims 20%
• Midterms 20%
• Pre-finals 20%
• Finals 40%
100%

Class Participation ( Recitation, Quiz, etc.) 20%


Task Performance 50%
Major Examination 30%
100%
COURSE OUTLINE
PRELIMS MIDTERMS
• Principle of Economics • Efficiency of Markets
• Demand and Supply • Externalities of Markets
• Elasticities of Demand and • Production and Costs
Supply • Competitive Markets
• Consumer Choice
COURSE OUTLINE
PREFINALS FINALS
• Monopoly • The Labor Market
• Monopolistic Competition • Economics of Information
• Oligopoly • Economic Inequality
HOME WORKS
1. Setting of Expectations 2. Principle of Economics
• What are the Division of Economics?
• What are the Approaches in Economics?
• What are the Factors used in judging economic outcomes?
• What are the Three Basic Economic Questions?
• What is Theory of Comparative Advantage?
• What is Absolute Advantage?
• What is Comparative Advantage?

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