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Market efficiency

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

Microeconomics for Business

8 units
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What the syllabus expects

  • Meaning
  • Measurement through consumer and producer surplus

Market efficiency

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 efficiency.
  • Explain the economic reasoning and use appropriate diagrams or relationships in business analysis.

Curriculum Scope

  • Meaning
  • Measurement through consumer and producer surplus

Detailed Microsyllabus

  1. Market efficiency

    1. Resource allocation and gains from exchange.
    2. Willingness to pay and opportunity cost.
    3. Conditions underlying the competitive-market efficiency argument.

  2. Economic surplus

    1. Consumer surplus and producer surplus.
    2. Graphical measurement and interpretation.
    3. Assess changes in total surplus while stating the model's assumptions.

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.