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Market equilibrium

Unit 2: Market Equilibrium and EfficiencyTopic 3 of 5
Browse the Microeconomics for Business syllabus

Microeconomics for Business

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What the syllabus expects

  • Equilibrium
  • Effects of changes in demand and supply

Market equilibrium

Bachelor of Business Studies (BBS) — First Year

Subject: Microeconomics for Business (MGT 207)

Unit 2: Market Equilibrium and Efficiency

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

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

Curriculum Scope

  • Equilibrium
  • Effects of changes in demand and supply

Detailed Microsyllabus

  1. Market equilibrium

    1. Interaction of demand and supply.
    2. Equilibrium price and quantity from schedules, equations or graphs.
    3. Shortage and surplus adjustment.

  2. Comparative equilibrium

    1. Effects of a demand shift with supply unchanged.
    2. Effects of a supply shift with demand unchanged.
    3. Joint changes and outcomes requiring information about relative shift sizes.

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.