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

Course Schedule