School of Business and Economics
Department of Economics
Course Name
Introduction to Microeconomics
Course Code
Eco 101
& Section No.
Semester Summer 2025
INSTRUCTOR AND DEPARTMENT INFORMATION
Instructor Mahnaz Aftabi Atique (Mzq)
Name
Office NAC 821
Office Hours ST: 9:30-11:20 am
RA: 8:30- 9:40 am and 12:50 pm – 2:40pm
Office Phone +880-2- 55668200, Ext: 6118
Email Address mahnaz.atique@northsouth.edu
Please write your Name, NSU ID#, and Section when you email
Please note responses to emails might take 24 hours.
Department Economics
Relevant Links Canvas Login: https://northsouth.instructure.com/login/google
COURSE AND SECTION INFORMATION
Course No Prerequisite
Prerequisite(s)
Course Credit 3:0
Hours
Course Introduction to Microeconomics (ECO 101) introduces the basic
Description concepts and techniques applied in Microeconomics. The topics
covered in this course will help to understand the behavior
(“decision-making") of ‘economic agents’ (consumers and
producers), which will lead to understanding how prices and
quantity of outputs to be produced and sold are determined in the
corresponding market/industry. This course is also designed to
discuss the various market structure (different states of a market
under which economic agents interact) of an economy.
Course The objective of the course is to understand the basic economics
Objectives concepts such as scarcity, opportunity cost, marginal thinking,
advantages of specialization of labor and of trade undertaken based
on comparative advantage, the role of demand and supply in
determining prices and quantities in a market economy etc. Focus is
also given on welfare analysis in terms of consumer and producer
surplus and the effects of government intervention in the market on
the surpluses. Understanding various concepts related to supply
sides (production and cost both in short run and long run), different
market structure (perfect competition, monopoly, duopoly/oligopoly,
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and monopsony) are also an objective of this course. Real world case
studies as well as economic news in newspapers/magazines will be
introduced to students in order to correlate textbook concepts with
the real world.
Student On successfully completing this course, students will be able to
Learning understand that economics is the study of how society manages its
Outcomes scarce resources. While understanding the management of scarce
(SLOs) resources, students will learn the basic principles of
Microeconomics analytically. Particularly, they will be able to
1. Understand Microeconomic concepts and principles relating
to how people make everyday decisions at the individual,
household, and firm/industry levels. They will be able to
understand basic concepts related to decision-making, such
as opportunity cost, trade-offs, scarcity, production possibility
frontier, equity, and efficiency. They will understand how
rational agents think at the margin to make choices.
2. At the individual household level, they will learn about utility
maximization and how the individual demand curve is derived
in this process. They will learn to apply the elasticity concept,
determine equilibrium price and quantity and estimate
changes in economic welfare using concepts such as
consumer and producer surplus.
3. At the firm level, students will be able to solve decision
problems relating to production, cost, pricing, profits,
competitive strategies etc. This includes concepts such as
(total, marginal, and average) production, costs, profits,
equilibrium price and quantity at the firm level and the
industry level.
4. They will also understand the operations of different types of
a market structures under which agents interact.
5. In general, students' analytical skills will be sharpened, and
they will be able to think like an economist.
TEXTBOOKS
Required
1. Roger A. Arnold, Economics, 13th Edition, Thompson South-Western Cengage
Learning.
Supplementary
2. N. Gregory Mankiw, Principles of Microeconomics, 8th Edition, South-Western
Cengage Learning.
NB: These dates are tentative and are subject to change if situations demand.
ATTENDANCE POLICY
Up to 5 absence in class will be excused. These includes late attendance,
technical error etc. After that for each additional absence 0.5 marks will be
deducted.
TEACHING STRATEGY
I will prepare slides for each lecture, and you can download them from the Canvas
LMS. I will mostly base my lectures on those slides to discuss topics in the book.
However, you MUST READ THE BOOK for the exam preparation as those slides are
not perfect substitutes for the book chapters. In some cases, I will use some examples
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(such as equations, graphs, etc.) that are outside the textbook and slides. Therefore,
it is the student’s responsibility to TAKE NOTES ON SUPPLEMENTARY
MATERIALS COVERED IN CLASS. The tentative lecture outline is provided below,
which is subject to change depending on the situation:
No Topic Lecture Chapt
er
1 Introduction to Economics (Thinking like an Economist) 1, 2, 3 Ch. 1
2 Economic Activities: Producing and Trading 4, 5, 6 Ch. 2
3 Supply and Demand Theory 7, 8, 9 Ch. 3
4 Supply and Demand Applications 10, 11 Ch. 5
Midterm exam – 1
5 Elasticity 13, 14, 15, 16 Ch. 19
6 Consumer Choice: Maximizing Utility and Behavioral 17, 18, 19 Ch. 20
Economics
7 Production and Costs 20, 21, 22 Ch. 21
Midterm exam – 2
8 Product Markets and Policies: Perfect Competition 24, 25, 26, 27 Ch. 22
9 Product Markets and Policies: Monopoly 28, 29, 30, 31 Ch. 23
Final exam
Accessing the Canvas:
Canvas will be used to post announcements, lecture slides, and other class-related
materials. You are responsible for checking it on a regular basis. You can use the
link: https://northsouth.instructure.com/login/google for Canvas login. You need to
use the NSU email address.
COURSE EVALUATION
Course evaluation criteria are given in the following table.
Grading tool % contributing toward the final score
First Midterm Exam 25
Second Midterm Exam 25
Quizzes 15
Final Exam 30
Attendance 5
Total 100
GRADING POLICY
NSU’s grading and performance evaluation policies will be followed in assigning your
grade.
EXAMS AND MAKE UP EXAMS POLICY
There will be three quizzes, but the best two will be counted. The quiz accounts for 15%
of the course grades. The above Table provides the details of the grading scheme.
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**THERE WILL BE NO MAKE-UP FOR QUIZZ(ES).
Missed mid-term exams: There will be no mid-term make-up exam if missed. However,
if there is a major circumstance that prevents a student from taking any of the two (not
both) Mid-term exams, the student may be allowed to appear in a Comprehensive
Mid-term make-up exam (Mid 1+ Mid2). Student(s) must provide me with official
documents that prove their reason for missing the Mid-term exam. If permission is
granted, then the
*** PLEASE KEEP IN MIND
Suppose you have attended Mid-1 but for a genuine reason, you could not attend Mid-2 or
vice-versa. Even then,
**SYLLABUS FOR MAKEUP EXAM WILL ALWAYS BE COMPREHENSIVE (MID 1+
MID 2).
**COMPREHENSIVE MAKE-UP EXAM WILL TAKE PLACE ON THE DAY OF FINAL
EXAM.
**IF YOU MISS BOTH MID 1 and MID 2, YOU WILL AUTOMATICALLY FAIL THE
COURSE.
Please note:
You must come prepared for all your exams.
You must come on time.
Being late does not necessarily guarantee that you are going to get extra time for
writing your tests and exam.
You must bring your own pencil, pen, eraser, calculator and any other permitted
items that you may need and you are allowed during the tests and exams.
All cell phones must be switched off.
Any deviation from the standard procedures will not be taken lightly.
Any unfair means adopted in the tests and exams will be seriously dealt with.
Academic misconduct or failure to comply with the NSU Examination Code of
Conduct may result in F.
COMMUNICATION POLICY
All communications should take place using my official email. Announcements made in the
classroom will override any statement made here. It is your responsibility to be aware of
any announcements made in the classroom.
APPROPRIATE USE POLICY
All members of the North South University community must use electronic
communications in a responsible manner. The University may restrict the use of its
computers and network systems for electronic communications subject to violations of
university policies/codes or local laws, or national laws. Also, the university reserves the
right to limit access to its networks through university-owned or other computers and to
remove or limit access to material posted on university-owned computers.
CLASSROOM RULES OF CONDUCT
1. The ground rule for our class is respectful, open communication. We have
many things to learn from one another. Every single question is appreciated!
2. When you come to the class, you become part of a learning community. Please
be conscious of your community role, and work toward creating a healthy
learning atmosphere in the class.
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3. Don’t chat during class. If you have to, then feel free not to attend the class at
the expense of your attendance for the day. The inability to refrain from
unnecessary, disruptive chatting may result in a request to leave the
classroom.
4. If you have to leave the class when it is in progress, sit near the door and leave
silently.
5. While in class, please switch off your cell phone. The inability to do so may
result in some penalty.
6. You must seek permission before using any sort of electronic gadget in the
class such as a laptop. Use of such gadgets for purposes other than note-taking
during lectures is strictly prohibited.
Visit NSU Code of Conduct website: www.northsouth.edu/student-code-of-
conduct.html
ACADEMIC INTEGRITY POLICY: THE SCHOOL OF BUSINESS AND ECONOMICS DOES NOT
TOLERATE ACADEMIC DISHONESTY BY ITS STUDENTS. AT A MINIMUM, YOU MUST NOT BE
INVOLVED IN CHEATING OF ANY FORM, SUBMITTING THE SAME WORK IN MULTIPLE
COURSES, SIGNIFICANT COLLABORATION WITH OTHER INDIVIDUALS OUTSIDE OF SANCTIONED
GROUP ACTIVITIES, AND FABRICATIONS. YOU ARE ADVISED THAT VIOLATIONS OF THE
STUDENT INTEGRITY CODE WILL BE TREATED SERIOUSLY, WITH SPECIAL ATTENTION GIVEN
TO REPEATED OFFENCES. PLEASE REFER TO NSU CODE OF CONDUCT AT
HTTP://WWW.NORTHSOUTH.EDU/STUDENT-CODE-OF-CONDUCT.HTMLATTENDANCE POLICY
Good Luck
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