This document provides an overview of the BA 201 Microeconomics course, including summaries of the 8 weekly topics: 1) Introduction to economics and thinking like an economist 2) Supply and demand 3) Public sector economics and economics applied to political problems 4) Consumer choice and elasticity 5) Costs and firms in perfectly competitive markets 6) Firms in low and high barriers to entry markets 7) Market for productive resources; earnings, productivity, and the job market 8) International economics For each weekly topic, assignments and grading criteria are provided. The course appears to cover fundamental microeconomic concepts applied to real-world examples and cases.

1. BA 201 (Microeconomics) Entire Course
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BA 201 (Microeconomics) Entire Course
BA201 Microeconomics Full Course
BA 201 Week 1 Week 1 “Introduction to Economics and Thinking Like an Economist”
Taxes
After reading Special Topic 1 and Special Topic 2, write a 1 to 2 page paper describing the reasons for taxes, the
various costs to government for collecting taxes, and the costs to the economy for the issuence of them. Cite your
sources as needed. Attempt to use APA formatting.
BA201 Week 2 “Supply and Demand”
Products
Event Market for:
Economic growth is expected to improve in the
next two quarters.
Aluminum
Fire at an oil refinery in the Gulf will not be fixed
for a month.
Gasoline
The Japanese government has decided to
subsidize its domestic automobile producers
with stimulus money.
Automobiles
Manufacturers who use plastic as an input have
access to cheaper plastic.
Manufactured goods that use plastic as an
input
Using the table, for each line item, write a paragraph describing how the market for each specific product will be
affected by the associated event. Describe which curve will shift (demand or supply or both), what effect it will have
on price (rise or fall in price), and what will happen to quantity (rise or fall in quantity). Each line item requires a
paragraph.
Grading Criteria Assignments Maximum Points
Meets or exceeds established assignment criteria 40
Demonstrates an understanding of lesson concepts 20
Clearly presents well-reasoned ideas and concepts 30
Uses proper mechanics, punctuation, sentence structure, and spelling 10
Total 100
BA201 Week 3 “Public Sector Economics and Economics Applied to Political Problems”
Recessions
After reading Special Topic 4, write a 2-page paper comparing and contrasting the economic viewpoints and theories
of John Maynard Keynes and Friedrich Hayek.
What were each of their views of the causes recessions and solutions to fixing them?
In each of their views, what place did government have to improve markets?
Cite your sources as needed. Attempt to use APA formatting.

2.
Grading Criteria Assignments Maximum Points
Meets or exceeds established assignment criteria 40
Demonstrates an understanding of lesson concepts 20
Clearly presents well-reasoned ideas and concepts 30
Uses proper mechanics, punctuation, sentence structure, and spelling 10
Total 100
BA201 Week 4 “Consumer Choice and Elasticity”
Marginality
After reading chapter 7 and Special Topic 6, In one page describe the concept of marginality and diminishing
marginality.
What happened to marginal tax rates of individuals during the Great Depression, and how did that affect
unemployment during that time?
Why do you suppose?
Cite your sources as needed. Attempt to use APA formatting.
Grading Criteria Assignments Maximum Points
Meets or exceeds established assignment criteria 40
Demonstrates an understanding of lesson concepts 20
Clearly presents well-reasoned ideas and concepts 30
Uses proper mechanics, punctuation, sentence structure, and spelling 10
Total 100
BA201 Week 5 “Costs and Firms in Perfectly Competitive Markets”
Total Cost
Fill in the table. Assume TC stands for Total Cost, TFC as Total Fixed Cost, TVC as Total Variable Cost, ATC as
Average Total Cost, AFC as Average Fixed Cost, AVC as Average Variable Cost, and MC as Marginal Cost. Then
write a paragraph about which level of output would be considered the minimum LRATC.
Units of Output TC TFC TVC ATC AFC AVC MC
0 20
1 1
2 3
3 4
4 12
5 75
6 16
7 24
8 86
9 360
Grading Criteria Assignments Maximum Points
Meets or exceeds established assignment criteria 40
Demonstrates an understanding of lesson concepts 20
Clearly presents well-reasoned ideas and concepts 30
Uses proper mechanics, punctuation, sentence structure, and spelling 10
Total 100

3.
BA201 Week 6 “Firms in Low and High Barriers to Entry Markets”
Market Demand
The market demand at the beginning is D1, and its corresponding marginal revenue is MR1. The initial ATC is ATC1,
and the original supply is MC1.
Therefore, the monopolist sells _____ units at $ _____ per unit, and his/her total profit is approximately
$____________.
After a given time period, due to investment and technological advances, which cost the monopolist an increase in
TFC, results in a cost of production decrease to ATC2 and its corresponding supply to MC2. The monopolist, then, in
the absence of price regulation by the government, would like to produce _______ units and charge a unit price of
$__________.
However, due to quality improvements and effective advertising, the demand increases to D2, while its corresponding
marginal revenue is MR2, with ATC2 and MC2 remaining unchanged. The monopolist, therefore, produces and sells
approximately ______ units at $_______ per unit. His/her total profit is now approximately $___________.
Grading Criteria Assignments Maximum Points
Meets or exceeds established assignment criteria 40
Demonstrates an understanding of lesson concepts 20
Clearly presents well-reasoned ideas and concepts 30
Uses proper mechanics, punctuation, sentence structure, and spelling 10
Total 100
BA201 Week 7 “Market for Productive Resources; Earnings, Productivity, and the Job Market”
Marginal Revenue Product
Marginal revenue product is defined as the change in total revenue that results from the employment of an additional
unit of a resource. A producer wishes to determine how the addition of pounds of plastic will affect its MRP and
profits. See the table below, and answer each of the questions.
Pounds of plastic (quantity of
resource)
Number of assemblies (total
product)
Price of assemblies ($)
0 0 –
1 15 13
2 30 11
3 40 9
4 55 7
5 58 5
1. The marginal product of the 3rd pound of plastic is ________.
2. The marginal revenue product of the 3rd pound of plastic is ______.
3. The price of plastic is $135 per pound. To maximize profit, the producer should produce
__________________.
1. The price of plastic is $135 per pound. To maximize profit, the producer should buy and use:
________________.
Grading Criteria Assignments Maximum Points
Meets or exceeds established assignment criteria 40
Demonstrates an understanding of lesson concepts 20
Clearly presents well-reasoned ideas and concepts 30
Uses proper mechanics, punctuation, sentence structure, and spelling 10
Total 100
BA201 Week 8 “International Economics”
Bangladesh

4. The graph above shows the demand and supply of socks for the country of Bangladesh.
1. If trade is avoided, Bangladesh consumes _____ pairs of socks at a price of _____ per socks.
2. With free trade, for a world price of $4 per pair of socks, Bangladesh is producing _____pairs of socks.
3. With free trade, for a world price of $4 per pair of socks, Bangladesh is consuming _______ pairs of socks.
4. With free trade, for a world price of $4 per pair of socks, Bangladesh is importing _________pairs of socks.
5. If the world price is $4 per sock, and the government of Bangladesh imposes a tariff of $1, Bangladesh
produces ____________ and imports __________pairs of socks.
6. If the world price is $4 per pair of socks, and the government of Bangladesh imposes a tariff of $1, how
much tariff revenue will the Bangladesh government collect? _____ .
Grading Criteria Assignments Maximum Points
Meets or exceeds established assignment criteria 40
Demonstrates an understanding of lesson concepts 20
Clearly presents well-reasoned ideas and concepts 30
Uses proper mechanics, punctuation, sentence structure, and spelling 10
Total 100