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Outline of Microeconomics
I. Course Descripti on
Microec ono mics, the most importa nt part of wester n econo mics, is the compulsory basic course of econo mic man ageme nt and one of the core courses of econo mic major stipulated by n atio nal educati on .It plays an importa nt role in the whole subject system. Microeconomics is also called individualeconomics and petty economics.The research object is sin gle econo mic un it such as sin gle producer, sin gle con sumer and sin gle market activity. It is to an alysis that how does sin gle producer make maximize profit through distribut ing the limited resource to various products, and how does single consumer make maximize satisfact ion through distribut ing the limited in come to various products. At the same time, Microeconomics also analysis the output, cost, the factors of production,profit of single producer, i ncome of factor supplier, quality, supply volume, dema nd volume and price of single goods. On the basis of analysising economic activity ofindividual economic units, Microec ono mics research themarket running mecha nism of modern econo mic society and its role in econo mic resource locatio n, and bring up policy to correct the market failure. Textbook is Wester n Econo mics (Microec ono mics)(Revised Fourth Editi on), compiled by Gao Hon gye, Chin ese Renmin Un iversity Press.
II. Class timetable (54 Class Hour)
Chapter
Class Hour
Theory
Experime nt
In Total
In troductio n
Con cept and In troducti on of Dema nd Curve and Supply Curve
Theory of Utility
Producti on Theory
Cost Theory
Perfect Competitive Market
Imperfect Competiti on Market
Dema nd Decided by Factor Price
Supply Decided by Factor Price
Gen eral Equilibrium and Welfare Econo mics
Market Failure and Microec ono mic Policies
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