Microeconomics
Date: 2018-10-24 Views: 16

Microeconomics

Course No.: ECH1131001    Credit(s): 3

Course Description

Microeconomics is a general abstraction and generalization of the law of the development of the market economy in the more than 200 years of western developed capitalist countries. Its principles, laws and theories are the systematic reflection and description of the operation mechanism of modern market economy, and the enrichment of the essence of other related professional economic theories. It integrates empirical theory analysis with normative theoretical analysis. Microeconomics is also an important part of modern theoretical economics, it takes a single economic unit as the research object, explains the price mechanism to solve the problem of resource allocation through the social economic operation of individual economic units and the corresponding economic variables of individual value decision.

Course Learning Outcomes

Through learning this course, students can master the basic theory of micro economics based on the content, and improve the abstract thinking ability and logical thinking ability,and use the economics analysis method to analyze and solve problems. It enable students to understand some of the western economic theory reference for our current economic reform and opening up in China, and lay a solid foundation for the follow-up courses and practical work.

Relationship to Other Courses

The prerequisite for this course is Advanced Mathematics and Calculus.

Textbook and Reading Lists

Textbook:

Hongye Gao. Microeconomics (6th Edition). Renmin University of China Press,2014.

Suggested reading lists:

Xingqiao Ping, Microeconomics Eighteen. Peking University press, 2002.

Adam Simy, The Wealth of The Nations. the Commercial Press, 2015.

Hal .R. Varian, Fangyu Fei, Baohua Zhu, Microeconomics: A Modern Perspective. Gezhi press, 2015.

Course Assessment

Item

Title

Weighting (%)

1

Task   in home

10%

2

Test   and Questions in class

10%

3

Final   exam

80%

Course Schedule

Week

Topics

Text

1

Introduction   

Chapters 1

2

Supply,   Equilibrium Price and Elasticity

Chapters 2

3

The Theory   and Application of Supply and Demand

Chapters 2

4

Cardinal   Utility Theory

Chapters 3

5

Ordinal   Utility Theory

Chapters3

6

Short Term   Production Function

Chapter 4

7

Long-term   Production Function and Return of Scale

Chapter 4

8

Cost Function

Chapter 5

9

Short Term   Equilibrium of Fully Competitive Manufacturers

Chapter 5

10

Development   of Quality

Chapter 6

11

Long-term   Equilibrium of Fully Competitive Manufacturers

Chapter 6

12

Monopolize   the Market and Monopolize the Competitive Market

Chapter 6

13

Oligopoly   and Market Comparison

Chapter 6

14

Demand   for Production Factors

Chapter 7

15

Supply   of Factors of Production

Chapter 7

16

General   Equilibrium and Welfare Economics

Chapter 8

17

The Reasons   and Countermeasures of Market Failure

Chapter 9

18

Review