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1. COURSE OBJECTIVES
This course aims to equip applied economic knowledge about the decision-making mechanism of managers, through price theory, the behavior of individuals and firms, and the decision-combining mechanism of real-world entities. economy in the market. The module begins by reviewing the supply and demand model, the elasticity of demand. Next, the module focuses on the theory of enterprises with such contents as: production process and costs, profit maximization, behavior of firms, decision making of managers in different market structures. Finally, the module deeply discusses some theoretical and practical valuation methods, as well as the interdependence between firms through understanding and analyzing a number of economic games. Micro-analyses are covered by the module in the macroeconomic environment, with basic macro-analyses. In particular, the module provides knowledge to apply these economic tools to real situations, using econometric tools to make management decisions through such contents as: demand, output estimate, cost function estimate, etc.
2. COURSE CONTENTS
No.
Contents
Time Allocation
Teaching Method
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: Some basic concepts
3
0
0
5.5
Presentation, Discussion
1, 3, 4
2
Chapter 2: Demand analysis, demand estimation and forecasting
3
0
0
5
Presentation, Discussion
1, 2, 3, 4
3
Chapter 2: Demand analysis, demand estimation and forecasting (cont.)
3
0
0
5.5
Presentation, Discussion
4
Chapter 3: Production theory and production function estimation
3
0
0
5
Presentation, Discussion
1, 2, 3, 4
5
Chapter 3: Production theory and production function estimation (cont.)
3
0
6
5.5
Presentation, Discussion
6
Chapter 4: Cost theory and cost function estimation
3
0
0
5
Presentation, Discussion
1, 2, 3, 4
7
Chapter 4: Cost theory and cost function estimation (cont.)
3
0
0
5.5
Presentation, Discussion
8
Chapter 5: Firm behavior in market structures
3
0
0
5
Presentation, Discussion
1, 2, 3, 4
9
Chapter 5: Firm behavior in market structures (cont.)
3
0
5
5.5
Presentation, Discussion
10
Chapter 6: Product pricing
3
0
0
6
Presentation, Discussion
1, 2, 3, 4
11
Chapter 6: Product pricing (cont.)
3
0
0
6
Presentation, Discussion
12
Chapter 6: Product pricing (cont.)
3
0
5.5
5.5
Presentation, Discussion
13
Chapter 7: Game theory and competitive strategy
3
0
0
6
Presentation, Discussion
1, 2, 3, 4
14
Chapter 7: Game theory and competitive strategy (cont.)
3
0
6
5
Presentation, Discussion
1, 2, 3, 4
15
Chapter 7: Game theory and competitive strategy (cont.)
3
0
0
5.5
Presentation, Discussion
1, 2, 3, 4
Total (hour)
45
0
22.5
82.5
3. COURSE ASSESSMENT
- Score ladder: 10
- Type of assessment
Form
Content
Criteria
CLO
Proportion
Formative
Attendance
Attend all the lectures
The number of attendances and participation in lessons
1,2,3,4
10%
Midterm
Individual Report
- Clearly and , reasonably identify a feasible topic;
- Conduct informative literature review for the topic;
- Clearly identify the research methods;
- Use rich, diverse, and attractive references;
- Use clear-cut language and appropriate citations.
1,2,3,4
30%
Summative
Final test with
multiple choice and writing questions for 60 minutes
What have been studied during the course
- Answer correctly all the multiple choice questions.
- Answer clearly and completely all the short questions.
1,2,3,4
60%
Total
100%