Module Catalogues, Xi'an Jiaotong-Liverpool University   
 
Module Code: ECO217
Module Title: Microeconomics I
Module Level: Level 2
Module Credits: 5.00
Academic Year: 2017/18
Semester: SEM1
Originating Department: International Business School
Pre-requisites: N/A
   
Aims
This module, in accordance with Microeconomics 2, aims to provide a solid foundation of intermediate level microeconomic theory. It develops and extends three of the topics introduced in Principles of Microeconomics, namely, Consumer Theory, Producer Theory and General Equilibrium. It prepares the students for the more advanced modules in the second and third year like Microeconomics 2 and Game Theory.
Learning outcomes 
By the end of the coursethe students should have the following skill

1) A thorough understanding of the core concepts and models used in consumer theory, producer theory and general equilibrium and an ability to apply these to arange of markets and settings.

2) To think and apply themselves analytically to problems in the above-mentioned topics.

3) To gain problem solving skills using verbal, diagrammatic and mathematical methods to problems in the above topics.

4) To have a critical perspective regarding the assumptions underlying microeconomics models.
Method of teaching and learning 
This module will be delivered via a combination of lectures and tutorials. Lectures are designed to provide essential information and introduce students to the basic tools of analysis used in Microeconomics. Tutorials will provide students with a learning opportunity designed to extend the material introduced in the lectures through the in-depth analysis of specific problems from various topics covered in the module.
Syllabus 
1. The nature of microeconomics, the market and Pareto efficiency.


2. Budget constraint and consumer preferences.


3. Utility, indifference curves and consumer choices.


4. Hicksian/ Slutsky substitution effects and demand.


5. Inter-temporal choice.


6. Production function and technologies.


7. Production cost.


8. Competitive firm’s supply.


9. Monopoly and monopolistic competition.


10. Introduction to game theory.


11. Oligopoly.


12. Market failure and public goods.


13. Topical Issues in Microeconomics

Delivery Hours  
Lectures Seminars Tutorials Lab/Prcaticals Fieldwork / Placement Other(Private study) Total
Hours/Semester 26    12      112  150 

Assessment

Sequence Method % of Final Mark
1 Mid-Term Exam 30.00
2 Group Project 10.00
3 Final Exam 60.00

Module Catalogue generated from SITS CUT-OFF: 10/22/2017 10:27:35 AM