University of the Philippines Manila College of Arts and Sciences
Economics 102: Microeconomics Microeconomics A Mesina
1stSemester, 2011-2012
Course Outline Man!i", Microeconomics, Microecon omics, 2nd #d$ %ardco&rt College College P&'lishers$ P&'lishers$ th P$ Sam&elson and ($ )ordha&s, Economics. *1+ ed$ oston Mc.ra" %ill$ S&pplementary S&pplement ary /et /et %$ arian$ arian$ Intermediate Microeconomics: A Modern Approach. Approach. *thed$$ )3 (( )orton 4 Co References References
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asic Co Concepts #c #conomic f& f&ndamentals a$ /he circ&lar circ&lar flo" flo" mar!et6 mar!et6 prod&ct prod&ct and and factor factor mar!ets6 mar!ets6 the economi economicc role of governme government nt Sam&elson, chs$ 1 7 26 Man!i", chs 1-2 S&pply and 8emand C&rves a$ asic asic elemen elements ts of of s&pply s&pply and demand6 demand6 elast elasticit icities6 ies6 '$ Applications to c&rrent iss&es Sam&elson, chs$ 976 Man!i", chs -: S&pp S&pply ly,, 8ema 8emand nd,, and and .ove .overn rnme ment nt Poli Policy cy a$ Pric Pricee con contr trol olss and and tae taess Man!i", ch$ ; Cons Cons&m &mer ers, s, prod prod&c &cer erss and and mar! mar!et et eff efficie icienc ncy y a$ Cons Cons&m &mer er and and pro prod& d&ce cerr s&rp s&rpl& l&ss '$ Application /aation /aation and 5nternational 5nternational /rade /rade Man!i", chs$ chs$ Ch$ <, +, = and 96 Sam&elson, ch$ 21 eha ehavi vior or of the the fir firm m Analy nalysi siss of of s&p s&ppl ply y in in the the prod prod&c &ctt mar mar!e !ett a$ /he nat&re nat&re of of the firm6 firm6 theory theory of of prod&cti prod&ction on and marg marginal inal prod&c prod&cts ts '$ Analysis of costs6 costs6 prod&ction and and costs Sam&elson, chp$ ;, <, +6 Man!i", ch$ 19-1 5mper 5mperfec fectt Compe Competit tition ion >ligo >ligopol poly y and Monopo Monopolis listic tic Compet Competiti ition on Sam&elson chs$ =-106 Man!i", chs$1:, 1;, 1< Unce ncertain tainty ty and and .a .ame /heor heory y? a$ #conom #conomics ics of Ris! Ris! and Uncert Uncertain ainty ty '$ .ame /heory P$ Sam&elson and ($ )ordha&s, chap$ 11 Mar! Mar!et etss for for the the fac facto tors rs of Prod Prod&c &cti tion on a$ @a'o @a'or, r, @and @and and and cap capit ital al '$ @a'or, prod&ctivity, prod&ctivity, income and and discrimination discrimination Sam&elson, ch$ 12-1, 1=6 Man!i", chs, 1+, 1=, 20$ Cons Cons&m &mer er eh ehav avio ior r Analy nalysi siss of 8em 8eman and d in the the Pro Prod& d&ct ct Mar Mar!e !et? t? a$ .oin .oing g 'ehi 'ehind nd the the dem deman and d c&r c&rve ve '$ 5ndifference c&rve analysis6 eB&ili'ri&m conditions conditions Sam&elson, ch$ : incl&ding appendi6 Man!i", ch$ 21 (hy (hy doe doesn snt t the the mar mar!e !ett "or "or!D !D Mar! Mar!et et impe imperf rfec ecti tion ons? s? a$ #te ternali nalitties ies '$ P&'lic .oods and and Common reso&rces reso&rces c$ #nvironment? d$ 5ncome 5ncome ineB&a ineB&alit lity y and povert poverty? y? Sam&elson, ch$ 1+, 1=6 Man!i", chs, 10,11, 20
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Course Requirements: Einal grades "ill 'e 'ased on 9 #ams PapersGAssignmentsGSeat"or!s 10F6 Class Participation *incl&des attendance
10F$
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Consultation hrs (by appointment): M/h 1-PM 4 ( +-=AM6 -: PM All cons<ations are at 8SS Attendance is s&'Hect to &niversity r&les$
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