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Syllabus for MicroeconomicsThe Nature of the Course:Specialized required course Suitable Specialty: International economy and trade Marketing Accounting Information Management and Systems Business Administration Financial Administration Credit: 4Class Hours:64Authors: yijun liu ling lang The Purpose and Tasks of the CourseThis course is a basic professional course for undergraduate in the School of Business and Management. Through this course, students have a more comprehensive understanding of basic issues and basic viewpoints on the microeconomics. They can grasp the basic concepts of microeconomics, the basic idea, the basic analytical methods and basic theory as well. More important, lay ing a theoretical foundation for the further study of other professional courses.The Basic Requirements of the Course1Require students to grasp the basic concept, the basic thought, the basic analysis method and the elementary theory of microeconomics. 2Require students to conduct self-study, and students are encouraged to widely read reference books to make it more understanding of basic economic theory and its application in all respects.3Require teachers to pay close attention to using graphic tools and using mathematical tools properly.4The advance curriculum is the higher mathematics.Outline the Content and Hours Allocation RecommendationsChapter 1 Introduction 6 Class Hours 1 Ten Principles of Economics1.How People Make Decisions2. How People Interact3.How the Economy as a Whole Works 2 Thinking Like an Economist1.The Economist as a Scientist2. The Economist as a Policy Adviser3.Why Economist Disagree 3 the Using of Graphs in Economics (#)1. Graphic Drawing and Graphics Type in Economic Analysis2.Slope and Elasticity3. Note for Graphics Use in Economic Analysis4 Interdependence and the Gains from Trade1.The Production Possibilities Frontier、Specialization and Trade2.Comparative Advantage3.Applications of Comparative AdvantageChapter 2 Supply and Demand():How Markets Work 8 Class Hours1 Markets and Competition1.Competitive Market2.Other Markets 2 law of demand1. Demand and the Demand Curve2. Shifts in the Demand Curve and Shift of the Demand Curve3. Market Demand and Individual Demand 3 law of supply (#)1. Supply and the Supply Curve2. Shifts in the Supply Curve and Shift of the Supply Curve3. Market Supply and Individual Supply4 Supply and Demand Model1.The Conditions of Supply and Demand Model2.Supply and Demand Model3.What happens to equilibrium when supply and demand shifts?4.Cobweb Theory () 5 Elasticity and The Applications of Elasticity Theory1. the Elasticity of Demand and Its Application2. the Elasticity of Supply and Its Application (#) 6 Supply、Demand and Government Policies1.Controls on prices (#)2.How Taxes Affect Market Outcomes3.Can Good News for Farming Be Bad News for Farmers? Exercise classes 2 Class HoursChapter 3 Supply and Demand():Market and Welfare 16 Class Hours 1 The Theory of Consumer Choice 4 Class Hours1.Cardinal Utility Theory2. Preference Theory3.Application of The Theory of Consumer Choice 2 The Theory of Producer Choice 6 Class Hours1. The Organization of Production (#)2. Production Function and Factor Inputs3. The Cost Theory 3 Consumer Surplus 2 Class Hours1.Willingness to Pay2.Using the Demand Curve to Measure Consumer Surplus3.How a Lower Price Raises Consumer Surplus 4 Producer Surplus (#)1.Cost and the Willingness to Sell2. Using the Supply Curve to Measure Producer Surplus3. How a Higher Price Raises Producer Surplus5 Market Efficiency 2 Class Hours 1.The Concept of Efficiency2.The Equilibrium Efficiency of the Competitive Firm(1)3.The conditions of the Efficient Competitive Firm6 Application:The Cost of Taxation 2 Class Hours 1.The Deadweight Loss of Taxation2.The Determinants of the Deadweight Loss3. Deadweight Loss and Tax Revenue as Taxes Vary7 Application:International Trade (#) 1.The Determinants of Trade2.The Winners and Losers from Trade 3.The Arguments for Restricting TradeExercise classes 3 Class HoursDiscussion class 1 Class HourChapter 4 The Economics of the Public Sector 4 Class Hours 1 Externalities1.Externalities and Market Inefficiency2.Private Solutions to Externalities3.Public Policies toward Externalities2 Public Goods and Common Resources1.The Different Kinds of Goods2.Public Goods3.Common Resources 3 The Design of the Tax System(#)1. Taxes and Efficiency2. Taxes and Equity Chapter 5 Supply and Demand():Enterprise behavior and industrial organization 8 Class Hours 1 Types of Market (#)2 Firms in Competitive Markets 4 Class Hours1. The Demand Curve and Revenue Curve of the Competitive Firm 2. The Short-run Decision and the Supply Curve of the Competitive Firm3. The Short-run Supply Curve of the Competitive Market4.The Competitive Firms Long-run Decision 5.The Long-run Supply Curve of the Competitive Firm6.The Equilibrium Efficiency of the Competitive Firm(2)3 Monopoly 4 Class Hours 1.Why Monopolies Arise 2.The Demand Curve and Revenue Curve of the Monopolistic Firm 3.The Monopolistic Firms Short-run and Long-run Decision 4.The Welfare Cost of Monopoly 5.Public Policy toward Monopolies 6.Price Discrimination 4 Oligopoly (#) 1. Markets with Only a few Sellers2. Game Theory and the Economics of Cooperation3. Public Policy toward Oligopolies 5 Monopolistic Competition (#)1.The Demand Curve and Revenue Curve of The Monopolistic Competitive Firm 2. The Monopolistic Competitive Firm in the Short-run and Long-run3. Monopolistic Competition and the Welfare of Society4. AdvertisingExercise classes 1 Class HourDiscussion class 1 Class HourChapter 6 Supply and Demand():The Markets for the factors of production 6 Class Hours1 How Markets Determine Incomes1. Income and Wealth (#)2. Marginal Productivity Determines the Prices of Inputs2 The Economics of Labor Market1.The Demand and Supply for Labor (#)2.Equilibrium in the Labor Market (#)3. Some Determinants of Equilibrium Wages4.The Economics of Discrimination3 The Land Market and The Capital Market1.Land and Rent2.Capital and Interest4 Income Distribution (#)1.The Measurement of Inequality2.The Political Philosophy of Redistributing Income3.Policies to Reduce PovertyDiscussion class 2 Class Hours Chapter 7 Supply and Demand():(General equilibrium) Market and Welfare ()1 General equilibrium1.Meaning of the Equilibrium2. The Equilibrium Model of Lon Walras3. The Two-sector Model of General Equilibrium 2 Welfare Economics1.The Social Welfare Function2.Equity and EfficiencyChapter 8 Uncertainty and Information () 1 Uncertainty in the Economy1. Uncertainties and Risks2. The Effectiveness of Property3. Measurement of Risk Cost2 Information, Risk and Markets 1. Insurance and Risk-sharing2. Private Information and Market3. Risk Management in the Financial MarketsReview class 2 Class Hours Flexible time 4 Class Hours note:(#) Expressed that students learn these contents on its own, and they are included in the scope of examination. ()Expressed that students can choose according to their interest in reading, but not included in the scope of examination.Recommended Teaching Materials and Major Reference Books 1美曼昆著,梁小民译,经济学原理(第5版),机械工业出版社,2009年 2美保罗萨缪尔森、威廉诺德豪斯著,萧琛主译,经济学(第18版),人民邮电出版社,2008年3刘毅军主编,经济学基础,石油工业出版社,2006年4美平狄克、鲁宾费尔德著,王世磊等译,微观经济学(第7版),中国人民大学出版社,2009年5英迈克尔帕金著,
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