Syllabus(2024-1)

Course Title Microeconomics Course No. 22218 – 03

Department/ Credit/
Dept. of Economics 3 Credits
Major Hours

Class Time/
12:30-13:45 (Mon) & 14:00-15:15 (Thur) at B153 Posco
Classroom

Name: Se Hoon Bang Department: Economics

Instructor
E-mail: bang@ewha.ac.kr Telephone: 3277-4564

Office Hours/
15:30-16:30 (Thur) or by appointment at 321 Posco or 305 Main Hall
Office Location

Ⅰ. Course Overview
1. Course Description

This course begins with an introduction to supply and demand and the basic forces that
determine an equilibrium in a market economy. Then it introduces a framework for
learning about consumer behavior and analyzing consumer decisions. We then turn our
attention to firms and their decisions about optimal production, and the impact of different
market structures on firms' behavior. We also study basic game-theoretic concepts and
tools, and apply them to some of more advanced topics in microeconomics.

2. Prerequisites

Knowledge of “Principles of Economics” and “Mathematics for Economics” is preferred.

ü Special notes for international students: This course is suitable for those who are
familiar with single variable calculus, which is regarded as “college freshman-level
calculus” in some countries. (FYI, single variable calculus is included in high school
mathematics curriculum in Korea.)

3. Course Format

Lecture Discussion/Presentation Experiment/Practicum Field Study Other

100%

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4. Course Objectives

After completing this course, students should have developed a range of skills enabling
them to understand economic concepts and use those concepts to analyze various economic
questions.

More specifically, by the end of this semester, students should be able to:
Ÿ Understand consumer and firm behavior
Ÿ Analyze different types of market structures (competitive, monopoly & oligopoly markets)
Ÿ Apply economic principles to a range of policy questions

5. Evaluation System

☐ Relative evaluation ☐ Absolute evaluation ■ Others : See below

- Explanation of evaluation system:

“45-45 rule” is adopted, and the exact distribution of the grades may be adjusted based on
the overall performance of the class.

Midterm Exam Final Exam Quizzes Presentation Projects Assignments Participation Other

40% 45% 10% 5%

Ⅱ. Course Materials and Additional Readings

1. Required Materials

Ÿ Microeconomics by Jeffrey M. Perloff

2. Supplementary Materials

Ÿ Microeconomics: Theory and Applications with Calculus by Jeffrey M. Perloff

3. Optional Additional Readings

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Ⅲ. Course Policies

Ÿ Homework
: Problem sets will be given regularly, but will not be collected for grading. The selected problems
will be reviewed in class. Note that the students have the responsibilities to do assigned problems
on their own.

Ÿ Quizzes
: There will be two in-class quizzes on 03/28(Thur) and 05/23(Thur). Each quiz will be taken at the
beginning of the class for about 15 minutes.

Ÿ Exams
: There will be a midterm exam and a final exam on 04/22(Mon) and 06/13(Thur), respectively.
Each exam will cover the material in the previous half of class. Later material is built on earlier
concepts, so in that sense the exam is cumulative. Note that no make-up quizzes or exams will be
given in any case!

Ÿ Class Attendance
: Students can miss up to three classes with no attendance penalty, meaning full 5% point
allocation will be awarded. Students should use this flexibility for sickness, job interviews, and all
other valid excuses. However, missing more than three classes will result in zero point. Also note
that students are considered to be absent if they are either more than five minutes tardy for a
class or not present when called names during the class.

Ÿ Lecture Notes
: Lecture notes will be available on Cyber Campus before class. There are some blanks in the
lecture notes, and those blanks will be “filled-in“ during the class. You can write them down if
you want, but you are not allowed to take photos of those “unveiled“ blanks.

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Ⅳ. Course Schedule (tentative)

Week Date

Topics & Class Format Supply and Demand

(03/04)
Week 1 /
(03/07)
Materials & Assignments Chapters 1-2

Topics & Class Format Applications of Supply-and-Demand Model

(03/11)
Week 2 /
(03/14)
Materials & Assignments Chapter 3

Topics & Class Format Consumer Choice

(03/18)
Week 3 /
(03/21)
Materials & Assignments Chapter 4

Topics & Class Format Applications of Consumer Theory

(03/25)
Week 4 /
(03/28)
Materials & Assignments Chapter 5

Topics & Class Format Firms and Productions

(04/01)
Week 5 /
(04/04)
Materials & Assignments Chapter 6

Topics & Class Format Costs

(04/08)
Week 6 /
(04/11)
Materials & Assignments Chapters 7

Topics & Class Format Competitive Firms and Markets

(04/15)
Week 7 /
(04/18)
Materials & Assignments Chapters 8

Topics & Class Format Midterm Exams (12:30pm-1:45pm on April 22nd, Mon)
(04/22)
Week 8 /
(04/25)
Materials & Assignments

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Week Date

Topics & Class Format Applications of Competitive Model

(04/29)
Week 9 /
(05/02)
Materials & Assignments Chapter 9

Topics & Class Format General Equilibrium and Economic Welfare

(05/06)
Week 10 /
(05/09)
Materials & Assignments Chapter 10

Topics & Class Format Monopoly

(05/13)
Week 11 /
(05/16)
Materials & Assignments Chapter 11

Topics & Class Format Game Theory and its Applications

(05/20)
Week 12 /
(05/23)
Materials & Assignments Chapter 14

Topics & Class Format Oligopolistic Competition

(05/27)
Week 13 /
(05/30)
Materials & Assignments Chapter 13

Topics & Class Format Externalities, Open-Access, and Public Goods

(06/03)
Week 14 /
(06/06)
Materials & Assignments Chapter 18

Topics & Class Format Final Exams (2:00pm-3:15pm on June 13th, Thur)
(06/10)
Week 15 /
(06/13)
Materials & Assignments

Topics & Class Format

(06/17)
Week 16 /
(06/20)
Materials & Assignments

Topics & Class Format

(mm/dd)
Makeup
/
Classes (mm/dd)
Materials & Assignments

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Ⅴ. Special Accommodations

* According to the University regulation section #57-3, students with disabilities can request for special accommodations
related to attendance, lectures, assignments, or tests by contacting the course professor at the beginning of semester. Based
on the nature of the students’ request, students can receive support for such accommodations from the course professor
or from the Support Center for Students with Disabilities (SCSD). Please refer to the below examples of the types of
support available in the lectures, assignments, and evaluations.

Lecture Assignments Evaluation

․ Visual impairment : braille examination paper,

․ Visual impairment : braille, enlarged
reading materials
․ Hearing impairment : note-taking
assistant
․ Physical impairment : access to classroom,
note-taking assistant
examination with voice support, longer
examination hours, note-taking assistant
Extra days for submission,
․ Hearing impairment : written examination
alternative assignments
instead of oral
․ Physical impairment : longer examination
hours, note-taking assistant

- Actual support may vary depending on the course.

* The contents of this syllabus are not final—they may be updated.

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