About This Course
Unit 1 Introduction
1.1 Introduction to Microeconomics
1.2 Mathematics for Microeconomics
Unit 2 Preference and Utility
2.1 Preference
2.2 Utility Function
Unit 3 Consumer’s Choice
3.1 Budget Constraint
3.2 Consumer’s Optimal Choice
Unit 4 Demand
4.1 Comparative Statics Analysis of Demand
4.2 Comparative Statics Analysis of Demand: Some Examples
4.3 Slutsky Equation
Unit 5 Market Equilibrium and Welfare
5.1 Consumer’s Welfare
5.2 Market Demand and Elasticity
5.3 Market Equilibrium
Unit 6 Production
6.1 Production Function and Marginal Product
6.2 Technical Rate of Substitution and Returns to Scale
Unit 7 Cost
7.1 Cost Minimization
7.2 Short Run and Long Run Cost
Unit 8 Perfect Competitive Market
8.1 Market Structure and Perfect Competition
8.2 Firm Supply
8.3 Industry Supply
Unit 9 Monopoly Market
9.1 Profit Maximization of a Monopolistic Firm
9.2 Monopolistic Pricing
9.3 Price Discrimination
Unit 10 Oligopoly Market
10.1 Oligopoly
10.2 Introduction to Game Theory
Course Objectives
After completing the course, students should be able to:
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master the theoretical framework for the analysis of the behavior of consumers and producers;
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describe the functions of markets and their limitations in the allocation of economic resources;
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apply economic theories in the management of firms; and
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apply economic theories to evaluate the effectiveness of government policies.
Requirements
Calculus; Principle of economics
Course Staff
Tan LI
Associate Professor in School of International Business at Southwestern University of Finance and Economics, China. She teaches International Economics and Intermediate Microeconomics at various levels. She obtained her PhD from The University of Hong Kong.
Yuanyuan Liu
Associate Professor in School of International Business at Southwestern University of Finance and Economics, China. She teaches Intermediate Microeconomics at various levels. She obtained her PhD from Wuhan University.
