Overview

Intermediate microeconomics introduces the basic concepts and tools of microeconomics. It is aimed to cultivate your economic intuition and ability to analyze economic problems in reality. If you are interested in how consumers and producers make choices, if you want to apply economic theory to business practice and business management, or understand economic policies better, this is a must to have.

About this course

As a core course of economics, intermediate microeconomics is aimed at introducing the basic concepts and tools of economics to the students. It is hoped to cultivate your economic intuition and ability to analyze economic problems in reality. Intermediate microeconomics is also a pre-course for many other courses in economics and management.

In this course, both economic theories and mathematical tools will be introduced to you in plain language. At the same time, case study will also be provided to illustrate how to apply economic theories to solve practical problems. The main contents of this course include consumer theory, producer theory, market mechanism, perfect competition market, monopoly market, oligopoly market, etc.

Requirements

Calculus; Principle of economics

Reference Materials

Varian, Hal R., Intermediate Microeconomics: A Modern Approach, 8th Edition, W. W. Norton & Co., 2009.
Nicholson, Walter, & Christopher M. Snyder, Intermediate Microeconomics and Its Application, 11th edition, Cengage Learning, 2009.

Syllabus

• 1 Introduction
• 2 Preference and Utility
• 3 Consumer’s Choice
• 4 Demand
• 5 Market Equilibrium and Welfare
• 6 Production
• 7 Cost
• 8 Perfect Competitive Market
• 9 Monopoly Market
• 10 Oligopoly Market

Lecturer

Tan LI Southwestern University of Finance and Economics Associate Professor Dr. Tan Li abtained her PhD in economics from The University of Hong Kong in 2015, after obtainging her B.A. in economics from University of International Business and Economics in 2010. She joined Southwestern University of Finance and Economics in 2015. Her research interest include trade disputes, regional trade agreement, and China's trade liberalization. Dr. Li teaches intermediate microeconomics and international economics at undergraduate, master and PhD levels.

Yuanyuan Liu Southwestern University of Finance and Economics Associate Professor Dr. Yuanyuan Liu abtained her PhD in economics from Wuhan University in 2009, after obtainging her B.A. in economics from Southwestern University of Finance and Economics in 2003. She is an Associate Professor at Southwestern University of Finance and Economics. Her research interest is international trade theory and policy. Dr. Liu teaches intermediate microeconomics at undergraduate, master and PhD levels.