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Syllabus for EC120 Oliver Masakure

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redhorse12
19 Jan 2022
School
WLU
Department
Economics
Course
EC120
Professor
Oliver Masakure

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EC120 Full Course Notes
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Document Summary

Instructor information dr. oliver masakure | research and academic centre west, room 202. Weekly office hours: tuesday 1:00pm-2:00pm or by appointment. Microeconomics studies economic behavior and how the price system helps in the allocation of resources in a market economy and the role of government intervention. We will cover basic microeconomic principles including how markets work, consumer choice, and the organization of production by firms to meet consumer demand. Pre-requisites: there are no prerequisites for this course. However, it is advisable that you have basic mathematical skills. Class times/location: tuesday and thursday 2:30pm-3:50pm; research and academic centre west, room. This course will cover basic microeconomic principles including how markets work, and consumer and producer theory. This course is a prerequisite for students in business technology management and economics but optional for students in the faculty of liberal arts and faculty of human & applied social sciences. The course is based on classroom sessions that consist of lectures, readings and discussions.

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Related Questions

Macroeconomics differs from microeconomics in that:

a. Macroeconomics studies the behavior of individuals. 

b. Macroeconomics looks at the behavior of the economy as a whole. 

c. Macroeconomics focuses on the national economy and global economy. 

d. Macroeconomics studies the behavior of the government while microeconomics looks at private corporations.  

XYZ Company is aware that both macroeconomics and microeconomics play a general role in its organization’s success. Top-level management has asked you to conduct research, and then write a report on specifically what role it should play in its overall success. Management has asked for information on the following as it relates to the organization: Elasticity, consumer choice, productions and costs, supply and demand, aggregate supply and aggregate demand, and macroeconomic measurements.

Length: 3-5 pages, not including title page and references. Please use the concepts from the Peregrine Modules as well as three additional scholarly sources for support throughout your presentation. Additional reliable sources may also be used.

5) 5) The branch of economics that studies the economy as a whole is called A) normative economics. B) macroeconomics. C positive economics. D) Keynesian economics. E) microeconomics.