MICROECONOMICS

1. Module Code: INE1050

2. Number of credits: 3
3. Pre-requisite: None
4. Teaching language: English
5. Lecturer Information:
No Name Qualification Email Cell phone
1. Ly Dai Hung PhD hunglydai@gmail.com 0981414950
2.

6. Main aim(s) of the module

This introductory course provides an overview of the ways households and firms make decisions
and the interactions of these decision makers in the resource and goods markets under controls of
government.
7. Learning Outcomes of the module
By successful participation INE1051, students will be able to
For Knowledge
1. UNDERSTAND basic principles of economics and basic concepts about microeconomics;
2. DISTINGUISH between comparative and absolute advantages and INTERPRET the
benefits of trade;
3. UNDERSTAND demand- supply model and ANALYSE effects of shocks on the market
equilibrium;
4. UNDERSTAND the roles of firms and households in the market and DEMONSTRATE
effects from government intervention such as tax, price control;
5. DISTINGUISH between different market structure types and IDENTIFY behavior of firms
in each type of market;
6. UNDERSTAND externalities and EXAMINE effects of negative and positive externalities
on market outcome;
7. REMEMBER scholarly resources related to course topics;

For Skills
* Professional Skills
8. APPLY demand-supply analysis to estimate the market outcome;
9. ANALYSE economics activities
 10. APPLY microeconomics concepts to their own lives and to the broader social wor
ld.
* Soft Skills
11. POSSEDE effective learning and self-learning skills;
12. MANAGE time and self-control in learning and in work;
13. Able to OBSERVE and LEARN from real life, from the experience of other individuals to
be able to study throughout life.
14. PROBLEM SOLVING in economics issues using critical thinking
For Ethics and Attitudes
* Personal ethics and attitudes
15. BE creative, responsible and active in the work.
* Professional ethics and attitudes
16. HAVE good professional ethics and professional behavior.
17. BE independent, creative and aware of intellectual property rights.
* Social ethics and attitudes
18. HAVE the sense of social responsibility.
8. Assessment methods
No Assessment items Value Notes

1. Attendance 10% - Check attendance 2 times per meeting

Presentation 10% Note: Absence 1 time is counted as absence ½ class
meeting. Students who are absent more than 20% of
class meetings will not be allowed to attened final
exam.
- Students who actively participate in the lecture will
receive bonus point

2. Midterm examination 20% - Style: Writing

- Exam includes 2 parts – MCQ and Short answers.
- Duration: 1.5 hour.
- MCQ part includes 20 questions, total mark accounts
for 20 marks over 50 marks (equivelent to 4/10).
- Short answer part includes 4 questions and students
can choose to answer 3 of them. Total mark account
for 30 marks over 50 marks (equivelent to 6/10).
 - Midterm exam covers: chapter 1-8 in textbook
- Assessment:
• MCQ: Each correct answer worth 0.2 mark,
wrong answer will not be penalized.
• Short answer:
+ Problem solving: 6-8 marks
+ Suitable graphs: 2-4 marks
+ Calculation: Marks are given to correct calculation.
Wrong calculation will not be penalized.

3. Final Examination 60% - Style: Writing;

- Exam includes 3 parts – MCQ, Short answer and
Calculating exercise.
- Duration: 1.5 hours
- MCQ part: 20 questions. Total mark account for 20
marks over 60.
- Short answer part : 4 questions and students can
choose to answer 3 of them. Total mark accounts for
30 marks over 60.
- Calculating exercise account for 10 marks over 60.
- Final exam all chapters

Total 100%

9. Required textbook(s) and recommended books

9.1. Required textbook(s)
[1] Mankiw, N.G (2017) Principles of Microeconomics, 8th edition, International Edition,
Thompson South-Western Publishers.
9.2. Recommended text(s)
[1] McEachen, W.A. (2014) Microeconomics: A Contemporary Introduction, 10th edition,
Thomson.
[2] Parkin, M. (2013) Economics, 11th edition, Global Edition, Pearson.
[3] Gottheil, F. (2013) Principles of Economics, 7th edition, South-Western.
10. Module’s description
Microeconomics focuses mainly on how households and firms make decisions and the interactions
of these decision makers in the resource and goods markets. Students will learn to apply an
analytical approach to the study of how the prices and quantities of individual goods and services
produced. It also provides insights into how the economy works, the economics of the
environment, microeconomic reforms and an understanding of the effects of government
intervention (regulations and taxes) on the economy and on various groups in society.
11. Course schedule / Teaching plan
Learning
Week Content Reference
Outcomes

Ten Principles of Economics [1]- Chapter 1 1, 7,13

1
Thinking like an economist [1]- Chapter 2 1, 7,13

Interdependence and Gains from

2 [1]- Chapter 3 1, 2, 13,14,15
Trade

3 Market forces of supply and demand [1]- Chapter 4 1, 3, 8, 13,14,15

4 Elasticity and Its Application [1]- Chapter 5 1, 9,10,14,15

Supply, Demand, and Government

5 [1]- Chapter 6 1,3,8,9,13,14
Policies

Consumers, Producers, and the

6 [1]- Chapter 7 1,3,9
Efficiency of Markets

7 Application: The Costs of Taxation [1]- Chapter 8 1,3,7,8,9,10

1, 2, 3, 4,
8 Midterm Exam [1]-Chapter 1-8 8,10,11, 12, 14,
15, 16, 17, 18

1,6,7,9,10,
9 Externalities [1]-Chapter 10
13,14,18

10 The Costs of Production [1]-Chapter 13 1

11 Firms in Competitive Markets [1]-Chapter 14 1,5,9,10,13,14

12 Monopoly [1]-Chapter 15 1,5,9,10,13,14

13 Oligopoly [1]-Chapter 16 1,5,9,10,13,14

14 Monopolistic Competition [1]-Chapter 17 1,5,9,10,13,14

15 REVISION [1]- 10, 13-17 1-10, 14

FINAL EXAM 1-7, 9-18