DIU-BLC
Business Economics (Micro and Macro) (Spring 21)
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Principles of Economics
Announcements
General Forum For Discussion
Live class recording
Video Tutorials from your teacher
Course Summary
Text Book for download
Course Outline- Fall-2020
Assessment timeline
Week 1 & 2- Chapter-1: The central concepts of Economics
Let's discuss
Quiz-1
Lecture Slides- Chapter-1: Economics basic
Student Enagement
Assignment-1: Make a glossary on 1st chapter
Basic Questions on Economics
Live Lecture-1: course and outlines
Live Lecture-2: Introduction to economics
Live Lecture-3: Circular flow of Economy
Week- 3: Economic structure of a country
Common characteristics of a developing country
Does perfect economy exists?
Does Immigration has the impact on economy?
How rich become richer?
Economic System: Lecture Slides for home study
Self Test: Economic system
Economic system - explanation
traditional economy
market economy
command economy
Assignment-2: write the pros and cons of Immigration if any country encourages immigration what happens?
Week 4 and 5: Demand and Supply
What is demand and supply?
Supply demand in equilibrium
Shift in demand
Mathematical Application: Demand and Supply
Lecture Slides on Demand and Supply
Math: Demand and Supply
Solution: Jamboard
Fotum-2
Live lecture: Consumer surplus and producer surplus
Live Lecture: Diminishing marginal Utility
Live Lecture: Law of demand and market demand
Live Lecture: When law of demand does not work
Live Lecture: Shift and movement
Live Lecture: Over production and Under production
Assignment
Law of diminishing marginal utility
Marginal Utility Vs Marginal Benefit
Substitute goods vs Complementary goods
normal goods Vs Inferior Goods
Law of diminishing marginal utility
Lecture slides: Mathematical Applications
Quiz-2: Demand and Supply
Kahoot Game: Demand and Supply
Midterm Examination
Midterm Examination, Spring 2021- MCQ part
Midterm Examination, Spring 2021- Written Part
Week 6& 7: Elasticity of Demand
What is elasticity of demand?
Price elasticity of demand
Income elasticity of demnad
Lecture slides- 1st part
Elasticity of demand- part-2
Lecture Slides- part-3: Income Elasticity
Assignment-2: Mathematical application of Elasticity
Lecture slides: Mathematical Applications of Elasticity
Quiz-3: Elasticity of demand
Live lecture: elasticity
live lecture-2: elasticity
Live lecture-3: Elasticity
Live Lecture: Elasticity-4
Kahoot Game
Presentation
Submit your Video Presentation Here
Week 8 and 9: Consumer behaviour: theory and applications
Week 10 &11: Supply, costs and profits
Supply, costs and profits
The supply curve
The Elasticity of Supply
Diminishing Marginal Return and Production Function
Production function
Short Run production Short run cost
Economies of scale and long run cost
Lecture slides: Cost and production
Week-12 Firms’ objectives and behaviour
Profit Maximization
Maximizing profit under competition
Maximizing profit under monopoly
Consumer surplus, producer surplus and dead weight loss
week 13& 14: Market Structure
Porter's Five Forces Dimension
Market Structure
Final Assessment
Final Examination Answer Script- Submit Here
Recorded Live class
Final Assessment Spring 2021
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ECO-401 (MS-211)
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Faculty of Business & Entrepreneurship
Innovation and Entrepreneurship
IE Spring 21
ECO-401 (MS-211)
Summary
Business Economics (Micro and Macro) (Spring 21)
Teacher:
Mrittika Shil
Skill Level
:
Beginner