Microeconomics foundations

Microeconomics foundations

Bachelor of Business Studies (BBS) — First Year

Subject: Microeconomics for Business (MGT 207)

Unit 1: Introduction

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of microeconomics foundations.
• Explain the economic reasoning and use appropriate diagrams or relationships in business analysis.

Curriculum Scope

• Meaning, scope, uses and limitations

Detailed Microsyllabus

1. Microeconomic foundations

   1. Individual consumers, firms and markets as units of analysis.
   2. Resource allocation and relative prices.
   3. Scope of microeconomic explanation.

2. Uses and limitations

   1. Business decisions involving demand, costs and pricing.
   2. Assumptions used to simplify economic analysis.
   3. Limits of partial analysis and predictions based on simplified models.

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Curriculum reference: Tribhuvan University, Faculty of Management, BBS curriculum with first-year syllabus, PDF pages 17-19.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit lecture hours apply to the whole unit; no separate topic hours or marks are assigned here. The programme subject list identifies this course as MGT 207; the detailed subject heading in the source prints MGT 203.