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Microecomomics Syllabus 2022
Microecomomics Syllabus 2022
BACHELOR PROGRAM
MAJOR : ALL MAJORS
CONCENTRATION : All Concentration
Instructor : Dr. Hồ Quốc Thông/ thonghq@ueh.edu.vn
SYLLABUS
Number of credits: 3
Level: Freshmen
Teaching time allocation: 45 hours of lecture. In addition, students are expected to
spend 90 hours on reading materials and doing homework.
Course description
Microeconomics studies the behaviors of different economic agents in making decisions
towards the efficient allocation of scarce resources. It focuses on the motivations and
process of decision making of those agents, and the effects of these decisions on other
agents as well as on the entire economy. It also identifies market failures that are the basis
of government interventions for efficiency in the conditions of general competitive
equilibrium.
This course consists of four parts. The first part introduces simple supply-demand model and
the operations of competitive market, and the analyses of the effects of government
interventions on competitive market. The second part introduces the theory of consumer
choice, the derivation of individual demand from utility maximization behavior, and the
construction of industry demand from individual demand. The third part analyzes the
behaviors of producers, including the production function, cost minimization, and profit
maximization. The firm output supply and industry supply are then constructed based on
the analyses of producer behaviors. The fourth part presents models of monopoly,
oligopoly, and monopolistic competition, for a comprehensive analysis of market structures.
Course materials
- Textbook:
1. Mankiw, N. G. (2017). Principles of Microeconomics, 8th ed. Cengage
2. Greenlaw, A. S. & Shapiro, D. (2018). Principles of economics, 3 rd ed.
(https://openstax.org/details/books/principles-economics-2e?Book%20details)
- Reference: Pyndick, R. S. and D. L. Rubinfield. (2012). Microeconomics, 8th ed.
Pearson
- Some free economics courses: Coursera; Edx; Khanacademy
Evaluation
- Assignments, quizzes & participation : 30 %
- Mid-term exam (multiple choice Qs) : 20 %
- Final exam (multiple choice Qs) : 50 %