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Syllabus: Principles of Microeconomics | Microeconomics | Trường Đại học Quốc tế, Đại học Quốc gia Thành phố Hồ Chí Minh

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Microeconomics 1 is presented to help students understanding the basic economic principles of microeconomics. Structural lectures are presented simply and reasonably while ensuring modern. The contents were according with the basic concept of the market: supply and demand, elasticity of demand and supply, consumer behavior, business behavior (Production - cost - profit), perfect competition and monopoly, the supply and demand for labor, market failures. Tài liệu được sưu tầm và soạn thảo dưới dạng file PDF để gửi tới các bạn cùng tham khảo, ôn tập đầy đủ kiến thức, chuẩn bị cho các buổi học thật tốt. Mời bạn đọc đón xem! 

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1
NATIONAL ECONOMICS UNIVERSITY
Faculty of Economics
SOCIALIST REPUBLIC OF VIETNAM
Independence – Freedom – Happiness
SYLLABUS
Title: PRINCIPLES OF MICROECONOMICS (MICROECONOMICS 1)
Course number:
General Education courses
Units: 3 credits
- Theoretical hours: 25
- Practical hours: 20
Prerequisite: None
3. COURSE DESCRIPTIONS
Microeconomics 1 is presented to help students understanding the basic economic principles of
microeconomics. Structural lectures are presented simply and reasonably while ensuring modern.
The contents were according with the basic concept of the market: supply and demand, elasticity of
demand and supply, consumer behavior, business behavior (Production - cost - profit), perfect
competition and monopoly, the supply and demand for labor, market failures.
Main topics will be covered as follows:
1. Introduction to economics
2. How markets work
3. Consumption theory
4. Firm behavior and market structures
4. LEARNING RESOURCES: COURSE BOOKS, REFERENCE BOOKS
- Course textbook: N. Gr
egory Mankiw (2017), Principles of Economics 8
th
edition, Cengage
Learning, ISBN 9781305585126
- Reference books:
●
Paul Krugman, Robin Wells (2017), Economics 5
th
edition, Worth Publishers, ISBN 978-
1319066604
● Marginal Revolution University. Principles of Economics: Microeconomics. Video lectures.
Link: https://mru.org/courses/principles-economics-microeconomics/introduction-
microeconomics
5. COURSE GOALS
Course
Goals
Goal Description
Program
Learning
Level of
competence
2
Outcomes
(PLO)
[1] [2] [3] [4]
G1
Explain the role of scarcity, specialization,
opportunity cost and cost/benefit analysis in
economic decision-making.
2.1 II, III
G2
Applying supply and demand model to analyze the
change in the economy, including costs and benefits
of international trade and government interventions.
2.5, 2.6 II, III, IV
G3
Analyze consumers’ decisions in terms of their
underlying preferences describe the process of
utility maximization
2.1, 2.4 I, III, IV
G4
Understand the behavior of the producer through
the use of the production function and revenue –
cost analysis, as well as how the differences in
market structures can affect market equilibrium and
welfare outcomes
2.5, 2.6 III, IV
6. COURSE LEARNING OUTCOMES (CLO)
Course
goals
CLO Descriptions
Level of
competence
[1] [2] [3] [4]
G1
CLO 1.1
Understand what economics is. Distinguish
between microeconomics and
macroeconomics.
II
CLO 1.2
Explain how economists think. Distinguish
between positive and
normative analysis.
III
G2
CLO 2.1
Understand the concepts of demand and
supply, quantity demanded, quantity supplied,
equilibrium.
II
CLO 2.2
Apply the concept of elasticity as a measure
of responsiveness to various variables.
IV
CLO 2.3
Analyze the cause and effect of various
government policies using the supply and
demand model.
IV
CLO 2.4
Analyze the concept and the benefits of
international trade
IV
CLO 2.5
Understand the concept of market failures and
the rationale behind government intervention
3
G3
CLO 3.1
Analyze consumers’ decisions in terms of
their underlying preferences describe the
process of utility maximization
III
G4
CLO 4.1
Understand the behavior of the producer
through the use of the production function
and revenue – cost analysis
III
CLO 4.2
Understand how the differences in market
structures can affect market equilibrium and
welfare outcomes
II
7. COURSE ASSESSMENT
Assessme
nt
methods
Description
Time CLO
Assessment
indicators
Percentage
(%)
[1] [2] [3] [4] [5] [6]
Class
Participati
on
Class participation
points will be based on
general class attendance,
contribution in class and
compliance with the
class rules. Poor class
attendance, little
contribution in class or
non-compliance with
class rules will result in
a poor class
participation grade.
Week 1 - 10
Attendance
points
&
Times of
answers and
questions in
class.
10%
Mid-term
Exam
Mid-term exams are
closed book and
included multiple choice
questions. The exam
will last for 1 hour.
Exam 1:
Week 5
Exam 2:
Week 9
Exam 1:
CLO 1.1,
1.2, 2.1,
2.1, 2.3,
2.4, 2.5
Exam 2:
CLO 3.1,
4.1, 4.2
Multiple
choice
questions on
theory and
calculating
problems.
2 x 15%
Final
Exam
Final exam of 90
minutes. Students have
permission to take the
final exam when they
attend more than 80% of
the total classes. Make-
up exams will not be
offered.
University
schedule
All CLOs
Questions on
theory,
calculating
problems,
case studies
60%
4
8. LESSON PLAN
Class
Topics CLO
Learning and teaching
activities
Assessment
methods
[1] [2] [3] [4] [5]
TOPIC 1: INTRODUCTION TO ECONOMICS
Week 1
Chapter 1: Introduction
to economics
- What is economics?
- Key concepts in
economics
- The circular flow
diagrams
- Production
possibilities and
opportunity cost
- Using resource
efficiency
- Marginal Analysis
CLO 1.1
CLO 1.2
Mankiw, Chapters 1-3
Krugman, Chapters 1 & 2
Lecture on the given topics
Attendance in
class
TOPIC 2: HOW MARKETS WORK
Week 2
Chapter 2: Demand and
Supply
- Demand and
Determinants of demand
- Supply and
Determinants of Supply
- Market Equilibrium
- Changes in Market
Equilibrium
CLO 2.1
Mankiw, Chapter 4
Krugman, Chapter 3
Lecture on the given topics
Attendance in
class
Week 3
Chapter 3: Elasticity
- Price elasticity of
demand
- Relationship between
price elasticity of
demand and total
revenue
- Income elasticity of
demand
- Cross elasticity of
demand
- Price elasticity of
CLO 2.2
Mankiw, Chapter 5
Krugman, Chapter 6
Lecture on the given topics
Attendance in
class
5
supply
Week 4
Chapter 4: Government
Policies
- Consumer and
Producer Surplus
- Effect of Government
Intervention: price
controls, quantity
controls
- Effect of Government
interventions: quantity
tax
CLO 2.3
Mankiw, Chapters 6 - 8
Krugman, Chapter 5
Lecture on the given topics
Attendance in
class,
Chapter 5: International
Trade
- The gain from trade
- Trade protectionism
- Export intervention
policies
CLO 2.4
Mankiw, Chapter 3 & 9
Krugman, Chapter 8
Lecture on the given topics
Attendance in
class
Week 5
Chapter 6: Market
failures
- Market efficiency
- Market power
- Externality
- Public goods
- Income distribution
- Asymmetric
information
CLO 2.5
Mankiw, Chapter 10 & 11
Lecture on the given topics
Attendance in
class,
Mid-term
Exam 1
TOPIC 3: CONSUMPTION THEORY
Week 6
Chapter 7: The theory of
consumer choice
Marginal Utility theory
- The basic concepts
- Maximize the
Utility of Consumers
CLO 3.1
Krugman, Chapter 10
Attendance in
class
Week 7
Chapter 7 (cont) Ordinal
utility theory
- Indifference curve
- Budget constraint
CLO 3.1
Mankiw, Chapter 21
Krugman, Chapter 10
Lecture on the given topics
Attendance in
class
6
- Optimal consumer
choice
TOPIC 4: FIRM BEHAVIOUR AND MARKET STRUCTURES
Week 8
Chapter 8: Production,
cost and profit
- Production function
- Short-run and long-run
- Average and Marginal
product
- Accounting and
economic cost
- Short-run cost function
- Profit maximization
CLO 4.1
Mankiw, Chapter 13
Krugman, Chapter 11
Lecture on the given topics
Attendance in
class
Week 9
Chapter 9: Market
structures
- Perfect competitive
market
- Profit maximization
for firms in perfect
competitive market
- Producer surplus
- Monopoly market
- Profit maximization
for firms in monopoly
market
CLO 4.2
Mankiw, Chapters 14 & 15
Krugman, Chapters 12 &13
Lecture on the given topics
Attendance in
class,
Midterm
Exam 2
Week 10
Chapter 9 (cont)
- Monopolistic
competition
- Oligopoly
CLO 4.2
Mankiw, Chapters 16 &17
Krugman, Chapters 14 & 15
Lecture on the given topics
Attendance in
class
Review
Summary of the previous
lectures
Q&A
Attendance in
class
9. COURSE REQUIREMENT & EXPECTATION
Individual report and Exam
There are 2 1-hour mid-term exams and 1 90-minute final exam. Each of the mid-term exams
accounts for 15% of the total grade, while the final exam accounts for 60% of the total grade.
The following rules apply to exams:
1. Final Exam is an close-book exam, so students can not use notes, books or other paper
materials. No technology will be allowed during the exam. You must turn off all cell phones
or any other personal technology.
7
2. If you do not bring an ID to the exam, you will receive a 0 for the exam.
3. No food or drinks will be allowed during an exam.
4. When time is called, stop writing.
5. Please make sure you do not engage in any behavior that may appear to be cheating.
Class Participation
Class participation account for 10% of total grade. Class participation points will be based on general
class attendance, contribution in class and compliance with the class rules delineated below. Poor
class attendance, little contribution in class or non-compliance with class rules will result in a poor
class participation grade.
Below are class rules:
1. Arrive on time and be seated and ready to begin when the class begins. If you do arrive late
for more than 30 minutes, you will not be counted for that class. Note that this class is intended
for registered students only.
2. Come prepared – read the readings assigned.
3. Turn off cell phones during classes.
4. Do not engage in individual discussions
5. No food in class time
6. Participate by contributing comments and questions during the discussions. The instructor
will call on students during the class if participants do not volunteer.
7. Please use common courtesy and polite manners in class.
8. I have no tolerance for acts of academic dishonesty.
10. DATED: ……………………..
LECTURER

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NATIONAL ECONOMICS UNIVERSITY SOCIALIST REPUBLIC OF VIETNAM Faculty of Economics
Independence – Freedom – Happiness SYLLABUS 1. GENERAL INFORMATION
Title: PRINCIPLES OF MICROECONOMICS (MICROECONOMICS 1) Course number: General Education courses Units: 3 credits - Theoretical hours: 25 - Practical hours: 20 Prerequisite: None 3. COURSE DESCRIPTIONS
Microeconomics 1 is presented to help students understanding the basic economic principles of
microeconomics. Structural lectures are presented simply and reasonably while ensuring modern.
The contents were according with the basic concept of the market: supply and demand, elasticity of
demand and supply, consumer behavior, business behavior (Production - cost - profit), perfect
competition and monopoly, the supply and demand for labor, market failures.
Main topics will be covered as follows: 1. Introduction to economics 2. How markets work 3. Consumption theory
4. Firm behavior and market structures
4. LEARNING RESOURCES: COURSE BOOKS, REFERENCE BOOKS - Course textbook: N. Gregory
Mankiw (2017), Principles of Economics 8th edition, Cengage Learning, ISBN 9781305585126 - Reference books:
● Paul Krugman, Robin Wells (2017), Economics 5th edition, Worth Publishers, ISBN 978- 1319066604
● Marginal Revolution University. Principles of Economics: Microeconomics. Video lectures. Link:
https://mru.org/courses/principles-economics-microeconomics/introduction- microeconomics 5. COURSE GOALS Course Program Level of Goal Description Goals Learning competence 1 Outcomes (PLO) [1] [2] [3] [4]
Explain the role of scarcity, specialization, G1
opportunity cost and cost/benefit analysis in 2.1 II, III economic decision-making.
Applying supply and demand model to analyze the G2
change in the economy, including costs and benefits 2.5, 2.6 II, III, IV
of international trade and government interventions.
Analyze consumers’ decisions in terms of their G3
underlying preferences describe the process of 2.1, 2.4 I, III, IV utility maximization
Understand the behavior of the producer through
the use of the production function and revenue – G4
cost analysis, as well as how the differences in 2.5, 2.6 III, IV
market structures can affect market equilibrium and welfare outcomes
6. COURSE LEARNING OUTCOMES (CLO) Course Level of CLO Descriptions goals competence [1] [2] [3] [4] G1
Understand what economics is. Distinguish CLO 1.1 between microeconomics and II macroeconomics.
Explain how economists think. Distinguish CLO 1.2 III
between positive and normative analysis. G2
Understand the concepts of demand and CLO 2.1
supply, quantity demanded, quantity supplied, II equilibrium.
Apply the concept of elasticity as a measure CLO 2.2 IV
of responsiveness to various variables.
Analyze the cause and effect of various CLO 2.3
government policies using the supply and IV demand model.
Analyze the concept and the benefits of CLO 2.4 IV international trade
Understand the concept of market failures and CLO 2.5
the rationale behind government intervention 2 G3
Analyze consumers’ decisions in terms of CLO 3.1
their underlying preferences describe the III
process of utility maximization G4
Understand the behavior of the producer CLO 4.1
through the use of the production function III and revenue – cost analysis
Understand how the differences in market CLO 4.2
structures can affect market equilibrium and II welfare outcomes 7. COURSE ASSESSMENT Assessme Assessment Percentage nt Description Time CLO indicators (%) methods [1] [2] [3] [4] [5] [6] Class participation points will be based on general class attendance, Attendance contribution in class and points compliance with the Class & class rules. Poor class Participati Week 1 - 10 10% attendance, little Times of on answers and contribution in class or non-compliance with questions in class rules will result in class. a poor class participation grade. Exam 1: CLO 1.1, Multiple Mid-term exams are Exam 1: 1.2, 2.1, choice closed book and Mid-term Week 5 2.1, 2.3, questions on included multiple choice 2 x 15% Exam Exam 2: 2.4, 2.5 theory and questions. The exam Week 9 Exam 2: calculating will last for 1 hour. CLO 3.1, problems. 4.1, 4.2 Final exam of 90 minutes. Students have Questions on permission to take the theory, Final final exam when they University All CLOs calculating 60% Exam attend more than 80% of schedule problems, the total classes. Make- case studies up exams will not be offered. 3 8. LESSON PLAN Learning and teaching Assessment Class Topics CLO activities methods [1] [2] [3] [4] [5]
TOPIC 1: INTRODUCTION TO ECONOMICS Chapter 1: Introduction to economics - What is economics? - Key concepts in economics Mankiw, Chapters 1-3 - The circular flow Krugman, Chapters 1 & 2 Attendance in Week 1 diagrams
CLO 1.1 Lecture on the given topics class - Production CLO 1.2 possibilities and opportunity cost - Using resource efficiency - Marginal Analysis TOPIC 2: HOW MARKETS WORK Chapter 2: Demand and Supply - Demand and Determinants of demand Mankiw, Chapter 4 Attendance in Week 2 - Supply and CLO 2.1 Krugman, Chapter 3 class Determinants of Supply Lecture on the given topics - Market Equilibrium - Changes in Market Equilibrium Chapter 3: Elasticity - Price elasticity of demand - Relationship between price elasticity of Mankiw, Chapter 5 demand and total Attendance in Week 3 CLO 2.2 Krugman, Chapter 6 revenue class Lecture on the given topics - Income elasticity of demand - Cross elasticity of demand - Price elasticity of 4 supply Chapter 4: Government Policies - Consumer and Producer Surplus - Effect of Government Mankiw, Chapters 6 - 8 Attendance in Intervention: price CLO 2.3 Krugman, Chapter 5 class, controls, quantity Lecture on the given topics controls Week 4 - Effect of Government interventions: quantity tax Chapter 5: International Trade Mankiw, Chapter 3 & 9 Attendance in - The gain from trade CLO 2.4 Krugman, Chapter 8 class - Trade protectionism Lecture on the given topics - Export intervention policies Chapter 6: Market failures - Market efficiency Attendance in - Market power class, Mankiw, Chapter 10 & 11 Week 5 - Externality CLO 2.5 Mid-term Lecture on the given topics - Public goods Exam 1 - Income distribution - Asymmetric information TOPIC 3: CONSUMPTION THEORY Chapter 7: The theory of consumer choice Attendance in
Week 6 Marginal Utility theory CLO 3.1 Krugman, Chapter 10 class - The basic concepts - Maximize the Utility of Consumers Chapter 7 (cont) Ordinal Mankiw, Chapter 21 Attendance in utility theory Week 7 CLO 3.1 Krugman, Chapter 10 class - Indifference curve Lecture on the given topics - Budget constraint 5 - Optimal consumer choice
TOPIC 4: FIRM BEHAVIOUR AND MARKET STRUCTURES Chapter 8: Production, cost and profit - Production function - Short-run and long-run Mankiw, Chapter 13 Week 8 - Average and Marginal Attendance in CLO 4.1 Krugman, Chapter 11 product class Lecture on the given topics - Accounting and economic cost - Short-run cost function - Profit maximization Chapter 9: Market structures - Perfect competitive market Attendance in - Profit maximization Mankiw, Chapters 14 & 15 class, Week 9 for firms in perfect
CLO 4.2 Krugman, Chapters 12 &13 Midterm competitive market Exam 2 Lecture on the given topics - Producer surplus - Monopoly market - Profit maximization for firms in monopoly market Chapter 9 (cont) Mankiw, Chapters 16 &17 Attendance in - Monopolistic CLO 4.2 Krugman, Chapters 14 & 15 class competition Week 10 Lecture on the given topics - Oligopoly Summary of the previous Attendance in Review lectures class Q&A
9. COURSE REQUIREMENT & EXPECTATION Individual report and Exam
There are 2 1-hour mid-term exams and 1 90-minute final exam. Each of the mid-term exams
accounts for 15% of the total grade, while the final exam accounts for 60% of the total grade.
The following rules apply to exams:
1. Final Exam is an close-book exam, so students can not use notes, books or other paper
materials. No technology will be allowed during the exam. You must turn off all cell phones
or any other personal technology. 6
2. If you do not bring an ID to the exam, you will receive a 0 for the exam.
3. No food or drinks will be allowed during an exam.
4. When time is called, stop writing.
5. Please make sure you do not engage in any behavior that may appear to be cheating. Class Participation
Class participation account for 10% of total grade. Class participation points will be based on general
class attendance, contribution in class and compliance with the class rules delineated below. Poor
class attendance, little contribution in class or non-compliance with class rules will result in a poor class participation grade. Below are class rules:
1. Arrive on time and be seated and ready to begin when the class begins. If you do arrive late
for more than 30 minutes, you will not be counted for that class. Note that this class is intended for registered students only.
2. Come prepared – read the readings assigned.
3. Turn off cell phones during classes.
4. Do not engage in individual discussions 5. No food in class time
6. Participate by contributing comments and questions during the discussions. The instructor
will call on students during the class if participants do not volunteer.
7. Please use common courtesy and polite manners in class.
8. I have no tolerance for acts of academic dishonesty.
10. DATED: …………………….. LECTURER 7

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