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Microeconomics
Syllabus, Fall 2013, Yan Feng
Microeconomics (Session F1)
Peking University HSBC Business School
Instructor: Feng, Yan
C407, HSBC Business School
Tel:
fengyan@phbs.pku.edu.cn
Class Hours: Sep. 2 to Nov. 7
Mondays and Thursdays
10:30am-12:20pm
Classroom: C125
Office Hours: Wednesdays 3:30pm-5:30pm, or by appointment.
Teaching Assistant: TBA
1. Course Overview
This course covers the fundamental theories of the consumer, the firm, and the markets.
Students will learn how changes in supply and demand in the product and resource
markets affect prices and quantities available. They will be presented with the principles
of marginal analysis, consumer behavior, and the theory of the firm. Other topics will
include the determination of profit maximizing output and pricing decisions of business
in various market structures, the determination of wages and income distribution. These
are the tools that allow the examination of various social problems, including poverty,
traffic jam, unemployment, and pollution, to name just a few.
Based on the information and knowledge delivered in this class and the forming of your
own perception and understanding of the questions, after this class, students are expected
to be able to:
• understand the role of markets in allocating scarce resources;
• understand the impact (good and bad)of government intervention in the market;
• understand media discussions involving business and policies and distinguish
what is reasonable and what are just bogus claims;
• ask good (sensible) economic questions, both to yourself and to others;
• offer good arguments regarding the answers to various real life socio-economic
problems.
In this class, comments and questions are welcome and encouraged. Things that seem
confusing or controversia
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