Microeconomics
Date: 2018-10-24 Views: 16

Course nameMicroeconomics

  

Course No.: ECH1131001     Credits: 3

  

Course description

Microeconomics is the basic specialized courses in economical-related majors, and it plays a key role in cultivating the economic and managerial talents. This course introduces the basic concepts and principles of microeconomics, which lays a solid specialty foundation for students. This course also equips students with the analytical framework of economic theory which will do more help in applying theoretical theory to career practice. Through learning the course, students will establish a basic mind-frame with microeconomic analytical thinking and improve their ability to apply the economic theory to analyze the realistic economic phenomena.

  

Learning outcomes

1. Fully understand the basic concepts and basic principles of microeconomics.

2. Integrate theories with practice and combining them with our country’s economy in practice.

3. Combine quantitative analysis and qualitative analysis methods to solve problems.

4. Use the standard models of microeconomics to analyze the outcome of changes in economic variables.

5. Identify and assess environmental and sustainable considerations in solving the problems in microeconomics.

  

Relationship to other courses

 Microeconomics is a core requirement for all students in the economic management major. Higher Mathematics and Political Economy are the prerequisites for Microeconomics.

Textbook and reading lists

The textbooks for this course are:

Hongye Gao(2014), Microeconomics,(6th Ed.), RenminUniversity of China Publishing HouseBeijing.

Robert s. Flatdick , Daniel l. Rubinfeld(2010), Microeconomics,(4th Ed.), TsinghuaUniversity Press, Beijing.

Gregory N. Mankiw(2005), Principles of Microeconomics,(3th Ed.), Higher Education Press, Beijing.

  

Course assessment

Activities

Weighting

Homework

20%

Final   Exam

80%

Course schedule

Week

Topic

Test

  

Week   1

1.Introduction

2.The   fundamentals of Economics

Chapter   1

  

Week2

1.Markets   and government in a Modern Economy

Chapter2

  

Week   3

1.Basic   elements of supply and demand

2.Equilibrium   of supply and demand

Chapter   3

  

Week   4

1.A   change of equilibrium

2.Elasticity   of demand

Chapter3,4

Week5

1.Elasticity   of supply

2.Application of elasticity

Chapter   4

  

Week6

1.Choice   and utility theory

2.Indifference   analysis

Chapter5

Week   7

1.Substitution effect and income effect

Chapter   5

  

Week   8

1.Business organization

2.Analysis of production in the   short-run

Chapter6

  

Week   9

1.Analysis of production in the   long-run

Chapter   6

  

Week   10

1.Economic analysis of costs

2.Least-cost rule and substitution rule

Chapter7

  

Week   11

1.Economic costs and business   accounting

2.Opportunity   costs

Chapter7

  

Week   12

1.Supply   behavior of the competitive firm

2.Supply   behavior of the competitive industries

Chapter8

  

Week   13

1.Special cases of competitive markets

2.Efficiency and equity of competitive   markets

Chapter   8

  

Week   14

1.Patterns of imperfect competition

2.Marginal revenue and monopoly

Chapter   9

  

Week   15

1.Behavior of imperfect competitors

2.Innovation and information

Chapter   10

  

Week   16

1.A balance sheet on imperfect   competition

2.Economics of risk and uncertainty

Chapter10,11

  

Week   17

Game theory

Chapter   11

  

Week   18

Final   examination