西方微观经济学《教学大纲》(英文版)

本科课程《教学大纲》

1、课程基本信息

课程名称（中、英文）：西方微观经济学(双语) Microeconomics

课程号（代码）：10208130

课程类别：专业基础课

学时：51 学分：3

2, Course Description:

This course provides students with basic concepts and techniques needed to analyze economic problems in a variety of contexts. Students will study how various economic agents make their choices and decisions in a market environment, and the implications of those choices and decisions for the allocation of productive resources. This course is divided into four parts: Theory of the Consumer, Theory of the Firm, Theory of Markets, and a Brief Introduction to General Equilibrium Theory. After successful completion of this course students will be able to demonstrate command of basic and intermediate microeconomic concepts and graphical models, and apply them to new situations.

3, Course Outline

PART ONE: BASIC CONCEPTS (15 Courses)

Chapter 1: The Fundamentals of Economics

☐Fundamental Concepts: scarcity and efficiency, free goods vs. economic goods, macroeconomics and microeconomics, normative vs. positive economics,

opportunity cost

☐Key Problems of Economic Organization：what, how, and for whom

☐Production-possibility frontier (PPF)

Chapter 2: Markets and Government in a Modern Economy

☐ 1. Define demand/supply in a market using words, tables, and diagrams.

☐ 2. Illustrate the shifts in demand caused by changes in factors other than price that influence a consumer’s willingness to purchase.

☐ 3. Explain the difference between changes in demand/supply and changes in quantity demanded/supplied.4. Illustrate the shifts in supply caused by changes in factors

other than price tha t influence a firm’s willingness to produce and sell.

☐ 5. Use the concepts of shortages and surpluses to illustrate the natural tendency of a market to move toward equilibrium.

☐ 6. Show the effects of shifts in supply or demand using diagrams.Chapter 3: Basic Elements of Supply and Demand

☐Elasticity Concepts : price elasticity of demand, supply elastic, inelastic, unit-elastic demand, determinants of elasticity, total revenue = P×Q , relationship of elasticity

and revenue change Applications of Supply and Demand : incidence of a tax,

distortions from price controls, rationing by price vs. rationing by the queue

PART TWO: MICROECONOMICS: SUPPLY, DEMAND, AND PRODUCT MARKETS (30 Courses)

Chapter 4: Demand and Consumer Behavior

☐Fundamental Concepts : utility, marginal utility, utilitarianism, law of diminishing marginal utility, demand shifts from income and other sources, ordinal utility,

consumer surplus

☐Equimarginal principle of equal MU of last dollar spent on each good:

MU1/P1 = MU2/P2 = MU per $ of income

☐substitution effect and income effect

☐paradox of value

Chapter 5: Production Thoery

☐Fundamental Concepts : inputs, outputs, production function, total, average, and marginal product,

☐Diminishing marginal product and the law of diminishing returns

☐Constant, increasing, and decreasing returns to scale

Chapter 6: Analysis of Costs

☐Analysis of Costs total costs: fixed and variable, marginal cost, least-cost rule

☐Useful rules to remember :

TC = FC + VC

AC = TC/q

AC = AFC + AVC

At the bottom of U-shaped AC, MC = AC = minimum AC.

Chapter 7: Analysis of Perfectly Competitive Markets

Competitive Supply

P = MC as maximum-profit condition

firm's ss supply curve and its MC curve

zero-profit condition, where P = MC = AC

shutdown point, where P = MC = AVC