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1. COURSE OBJECTIVES
The course provides an introduction to a core area of economics known as microeconomics. It considers the operation of a market economy and the problem of how best to allocate society's scarce resources. The course considers the way in which various decision-making units in the economy (individuals and firms) make their consumption and production decisions and how these decisions are coordinated. It considers the laws of supply and demand, and introduces the theory of the firm, and its components, production and cost theories and models of market structure. The various causes of market failures are assessed, and consideration is given to public policies designed to correct these market failures.
2. COURSE CONTENTS
No.
Contents
Time Allocation
Contribution to CLO
Hour(s) on the class
Essays, exercise,
Assignments...
(3)
Self-study with teacher’s tutorials
(4)
Lecture
(1)
Practice, Seminar…
(2)
1
Chapter 1: General Introduction
3
0
0
5.5
1,5,6
2
Chapter 2: Supply and Demand
3
0
1.5
5.5
2,3,4,7,8
3
Chapter 2: Supply and Demand (cont.)
3
0
1.5
5.5
2,3,4,7,8
4
Chapter 2: Supply and Demand (cont.)
3
0
1.5
5.5
2,3,4,7,8
5
Chapter 3: Elasticities
3
0
2.5
5.5
2,3,4,7,8
6
Chapter 4: The Theory of consumer behavior
3
0
1.5
5.5
2,3,4,6,7,8
7
Chapter 4: The Theory of consumer behavior (cont.)
3
0
2.5
5.5
2,3,4,6,7,8
8
Chapter 5: The Theory of firm behavior
3
0
0
5.5
2,3,4,6,7,8
9
Chapter 5: The Theory of firm behavior (cont.)
3
0
2
5.5
2,3,4,6,7,8
10
Midterm + Chapter 6: Market Structure
3
0
0
5.5
1,2,3,4,6,9,10
11
Chapter 6: Market Structure (Cont.)
3
0
2
5.5
2,4,7,8
12
Chapter 6: Market Structure (cont.)
3
0
2
5.5
2,4,7,8
13
Chapter 6: Market Structure (cont.)
3
0
2
5.5
2,4,7,8
14
Chapter 7: Labour market
3
0
2
5.5
2,4,7,8
15
Chapter 8: Market failures and the role of the Government
3
0
1.5
5.5
2,4,7,8
Total (hours)
45
0
22.5
82.5
3. COURSE ASSESSMENT
- Score ladder: 10
- Type of assessment
Form
Content
Criteria
CLO
Proportion
Formative
Attendance
Attendance, answering questions given during lecture hours
The number of attendances and participation in lesson
9,10
10%
Midterm test
Mid-term test: from Chapter 1 to Chapter 5
Writing test
(30-45 minutes)
1,2,3,4, 9, 10
30%
Summative
Final test
From chapter 1 to Chapter 8
MCQ + Writing Test (50-60 minutes)
1,2, 3, 4,5,6,
9,10
60%
Total:
100%