Upload
lyngoc
View
218
Download
4
Embed Size (px)
Citation preview
Session
ECO11 Microeconomics Basic Information Instructor Name Raymond Pirouz Home Institution University of California Irvine Course Description Microeconomics offers students a comprehensive understanding of microeconomic theories, systems, analysis and practices in the modern era. The course builds a solid foundation with an introduction to economics and layers that with key issues related to the market system, market structure and pricing, resource markets, market failure & public policy, international economics and more. Student comprehension of the course material is evaluated through a midterm and final exam. Additionally, throughout the course, students work individually and in groups to solve in-class exercises, applying course material to articulate key learnings. Course hours The course has 20 lectures and 8 seminars/exercise classes in total. Each class session is 120 minutes in length. The course meets from Monday to Friday. Each course has a total of 56 class hours (4 credit hours). Textbook ECON MICRO, 5th Edition William A. McEachern ISBN-10: 1-305-63194-3 Grading Policy
Participation & Engagement
20% Midterm Exam
Final Exam 30% 50%
TOTAL 100%
Course Schedule (Summer 2018)
Session 1 July 13, 2018
The Economic Problem: Scarce Resources, Unlimited Wants The Art of Economic Analysis The Science of Economic Analysis Some Pitfalls of Faulty Economic Analysis If Economists Are So Smart, Why Aren’t They Rich?
Topics Covered / Activity
Session 3 July 16, 2018
The Household The Firm The Government The Rest of the World
Session 5 July 18, 2018
Price Elasticity of Demand Determinants of the Price Elasticity of Demand Price Elasticity of Supply Other Elasticity Measures
Session 7 July 20, 2018
An Introduction to Perfect Competition Short-Run Profit Maximization Short-Run Loss Minimization Short-Run Supply Curves Perfect Competition in the Long Run Long-Run Industry Supply Curve Perfect Competition and Efficiency
Session 2 July 14,
Choice and Opportunity Cost Comparative Advantage, Specialization, and Exchange The Economy’s Production Possibilities Economic Systems
Session 4 July 17, 2018
Demand What Shifts a Demand Curve? Supply What Shifts a Supply Curve? Demand and Supply Create a Market Changes in Equilibrium Price and Quantity Disequilibrium
Session 6 July 19,
Utility Analysis Measuring Utility Applications of Utility Analysis Cost and Profit Production in the Short Run Costs in the Short Run Costs in the Long Run
Session 9 July 24, 2018
Monopolistic Competition Oligopoly Three Approaches to Oligopoly Comparison of Oligopoly and Perfect Competition
Session 11 July 26, 2018
The Once-Over Demand and Supply of Resources Temporary and Permanent Resource Price Differences Opportunity Cost and Economic Rent A Closer Look at Resource Demand
Session 13 July 30, 2018
The Role of Time in Production and Consumption The Market for Loanable Funds Why Interest Rates Differ Present Value and Discounting Entrepreneurship Corporate Finance
Session 15 August 1, 2018
Types of Government Regulation Regulating a Natural Monopoly Alternative Theories of Economic Regulation Antitrust Law and Enforcement Competitive Trends in the U.S. Economy
Session 8 July 23,
Barriers to Entry Revenue for a Monopolist Profit Maximization and Cost Minimization for a Monopolist Perfect Competition and Monopoly Compared Problems With Deadweight Loss Estimates Price Discrimination
Session 10 July 25,
Midterm
Session 12 July 27,
Labor Supply Why Wages Differ Unions and Collective Bargaining Union Wages and Employment
Session 14 July 31,
The Firm’s Rationale and Scope of Operation Market Behavior With Imperfect Information Asymmetric Information in Product Markets Asymmetric Information in Labor Markets Behavioral Economics
Session 16 August 2,
Externalities and the Common-Pool Problem Optimal Level of Pollution Environmental Protection Positive Externalities
Session 17 August 3, 2018
The Gains from Trade
Trade Restrictions and Welfare Loss
Efforts to Reduce Trade Barriers
Arguments for Trade Restrictions
Session 18 August 6, 2018
Balance of Payments Foreign Exchange Rates and Markets
Other Factors Influencing Foreign Exchange Markets
International Monetary System
Session 19
August 7, 2018
Worlds Apart
Productivity: Key to Development
International Trade and Development
Foreign Aid and Economic Development
Session 20 August 8, 2018
Final Exam
Code of Academic Integrity
You must familiarize yourself with the Code of Academic Integrity at Beijing Jiao
Tong University. It is your responsibility to ensure that your behavior is not in
violation of this code. You must observe the policies regarding various forms of
academic dishonesty. The following statement about academic dishonesty has been
provided by Beijing Jiao Tong University: “Activities that have the effect or intention
of interfering with education, pursuit of knowledge, or fair evaluation of a student’s
performance are prohibited.” Academic dishonesty will not be tolerated and may be
handled by the Office of Student Conduct.
Moreover, inappropriate activity during exams (e.g., consulting notes or other
students) may result in a zero on the exam and will be submitted to the Office of
Student Conduct. As a student in this course, you will be held accountable for your
actions.