Lahore University of Management Sciences

Econ 211 – Intermediate Microeconomics

Fall 2018-19

Instructor Karrar Hussain

Room No.
Office Hours TBD
Email karrar.hussain@lums.edu.pk
Telephone
Secretary/TA TBD
TA Office Hours
Course URL (if any)

Course Basics
Credit Hours 4
Lecture(s) 2 Per week Duration 100 minutes
Recitation/Lab (per week) Duration
Tutorial (per week) 1 Per week Duration

Course Distribution
Core Yes
Elective
Open for Student Category
Close for Student Category

COURSE DESCRIPTION
The objective of this course is to develop student ability to use analytic reasoning to understand and apply basic models of
microeconomic theory. The focus of this course is on economic behavior of consumers, firms, and markets where both competitive
market and markets with imperfect competition will be considered. Emphasis will be placed on problem solving and application of
microeconomic theory to selected public policy issues. Simple Calculus and Graphical methods will be used extensively.

COURSE PREREQUISITE(S)
The main prerequisite for this course is Principal of Microeconomics and an understanding of calculus at the level of
a typical undergraduate calculus course. However, as far as mathematics goes, the most important prerequisite is a
certain level of "mathematical sophistication,” i.e. comfort in dealing with mathematical constructs and arguments.
The course is designed for the undergraduate students in Economics department. Students not in the Economics
department will be admitted only with permission of the instructor.

Learning Outcomes

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Grading Breakup and Policy

Quizzes (1 pre-mid and 1 post-mid): 40%

Attendance: 10%
Midterm Examination: 20%
Final Examination: 30%
 Lahore University of Management Sciences
Examination Detail

Yes/No: Yes
Midterm Duration: Class duration
Exam Exam Specifications: Closed books and notes

Yes/No: Yes
Final Exam Duration: Class duration
Exam Specifications: Closed books and notes

Outline
Recommended
Module Topics
Readings

1 . Introduction and Overview Thomas Nechyba

. Basic Economic Model of the consumer Chapter 2-6

2 . Expected Utility Theory Thomas Nechyba

Chapter 17

3 . Producer Theory Thomas Nechyba

Chapter 11-13

4 . Imperfect Markets Thomas Nechyba

Chapter 23 and 25

5 . Standard Intertemporal Choice Lecture Handout

Textbook(s)/Supplementary Readings
Required textbook: “Microeconomics An Intuitive Approach with Calculus” by Thomas Nechyba
Supplementary textbooks: “Intermediate Microeconomics with Calculus A Modern Approach” by Hal R. Varian