Principles of Microeconomics

EKU 111
Instructor:
I Wayan Sukadana
Lecture Time and Location
EKU 111 A1 Wednesday 08.30 – 11.00, R.IA 1.1
EKU 111 1H Thursday 12.30 – 15.00, R.E.III.1
Course Description:
This is a survey course in the theory and application of microeconomics. In contrast with
macroeconomics (EKU 112), microeconomics focuses on individual decision-making and
how it affects people, others and economy as a whole. The course topics focus on
microeconomic issues and problems, such as consumer demand, producer supply,
competition and monopoly, pricing including the poverty issue. The course develops a
theoretical framework for microeconomic analysis and applies this theory to practical
domestic and international economic policy problems.
Learning Objectives:
1. To guide students toward communicating an understanding of how social science
knowledge is established, how this knowledge changes over time and why, the Principles
of Microeconomics course addresses the application of Scientific Method and utilizes
economic models. Students are introduced to the nature of assumptions in economic
modeling and general problems involving comparative statics. This outcome is assessed
primarily through in-class (multiple choice and/or short essay) examinations, but also
through in-class discussion and homework assignments.
2. To guide students toward evaluating evidence and applying it to solving problems
through social science methods, the Principles of Microeconomics course addresses
specific models of price or output determination. For example, students are introduced to
concepts of opportunity cost in order to explain patterns of international trade and 2person exchange. Students are acquainted with market models like the demand and
supply model and asked to explain the impact of various types of public policy (e.g. rent
control, price regulation, etc.), to forecast how exogenous events may affect market
prices and output, discuss how differences in market structure affect price and output,
and explain how consumers make purchasing choices. This outcome is assessed
primarily through in-class (multiple choice and/or short essay) examinations, but also
through in class discussion and homework assignments. Other sections of Principles of
Microeconomics may also assign short papers that require this analysis.
3. To guide students toward communicating an understanding of a body of social science
knowledge and its disciplinary perspective, the Principles of Microeconomics course
follows a cross-disciplinary perspective. Students are introduced to regulatory issues and
expected to explain contemporary events in light of the tools of microeconomic analysis.
These contemporary events typically contain political, sociological and psychological
components. The Principles of Microeconomics course is cumulative, in that the course
builds upon successive sets of material. Students in this course develop a perspective into
how economic analysis flows through a variety of areas. First, concepts of demand and
supply are developed. Following this, students apply these concepts to the workings of
competitive markets. Both long and short run decision making is addressed during this
time. Afterwards, students are introduced to markets characterized by monopoly and
 

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0 – 4.7.0 – 3. 7th Edition.8 – 7. Demand.imperfect competition. but also through in-class discussion and homework assignments.7 5. and Government Policies Consumers.5 4. Producers.5 . Thompson Publishers. Textbook: N.0 – 10.0 – 5.6 – 6. and then presented with the various regulatory issues that confront all markets. 2014.9 Grades A B+ B C+ C D+ D E TENTATIVE COURSE OUTLINE TOPICS & CHAPTERS Pertemuan   Pertemuan  1   Pertemuan  2   Pertemuan  3   Pertemuan  4     Pertemuan  5   Pertemuan  6       Pertemuan  7   Pertemuan  8   Pertemuan  9     Pertemuan  10   Pertemuan  11     Topik   Ten Principles of Economics Thinking Like an Economist Interdependence and the Gains from Trade The Market Forces of Supply and Demand Elasticity and Its Application Supply.4 6. This outcome is assessed primarily through in-class (multiple choice and/or short essay) examinations. Check IMISSU Grading: Group Assignments 15% Personal Assignments 40% Course Participation 5% Midterm 20% Final Exam 20% Point Range 8.9 6.2 – 6. and the Efficiency of Markets Application: The Costs of Taxation Application: International Trade REVIEW UTS Externalities Public Goods and Common Resources The Design of the Tax System The Costs of Production Bab   Chapter  1   Chapter  2   Chapter  3   Chapter  4   Chapter  5   Chapter  6   Chapter  7   Chapter  8   Chapter  9       Chapter  10   Chapter  11   Chapter  12   Chapter  13   2   . Gregory Mankiw: Principles of Microeconomics.1 5. Other References.0 7.9 0.

  Pertemuan  12       Pertemuan  13       Pertemuan  14     Pertemuan  15   Pertemuan  16       Firms in Competitive Markets Monopoly Monopolistic Competition Oligopoly The Markets for the Factors of Production Earnings and Discrimination Income Inequality and Poverty The Theory of Consumer Choice Frontiers of Microeconomics REVIEW UAS Chapter  14   Chapter  15   Chapter  16   Chapter  17   Chapter  18   Chapter  19   Chapter  20   Chapter  21   Chapter  22       3   .