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MIC 102 Principles of Microeconomics Assignment

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Reference no: EM132419016 , Length: 1500 Words

MIC 102 Principles of Microeconomics Assignment - Khawarizmi International College, UAE

Learning Outcomes -

1. Explain the concept of scarcity and opportunity cost.

2. Identify and predict a change in market outcomes given a change in demand or supply.

3. Explain the concept of market equilibrium.

4. Apply the concepts of revenue, cost and profit to price-output decisions.

Presentation Topic:- Students are required to open e-book and find practicals or case studies related to following topics:

1. Explain the concept of scarcity and opportunity cost.

2. Identify and predict a change in market outcomes given a change in demand or supply.

3. Explain the concept of market equilibrium.

4. Apply the concepts of revenue, cost and profit to price-output decisions.

IMPORTANT POINTS TO REMEMBER:

1. Students must do minimum two questions or case studies.

2. The questions should cover the above mention topics.

3. Student should show complete solution of the question.

4. Solve the questions and present using appropriate table, graphs and MS-Excel wherever required.

5. Complete explanation of the topics should be given wherever required.

Reference no: EM132419016

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