Term:Fall

Course Code:sd00222232

Campus:Main Campus

Academic Organization:Economics

Prerequisites:None

Credit:3（48 teaching hours）

Course Components:Lectures Required

Course Note:Required for economics, finance and management student

Course Description:

Principles of Microeconomics is an undergraduate course thatintroduces you to the fundamentals of microeconomic world. Westart this course from the basic ideas of economics such as tradeoffs, opportunity costs and comparative advantages. We willexplore the structure of markets by studying supply and demand,market equilibrium, elasticity, and government policies and analyzethe market welfare of consumers and producers. We will next beintroduced about consumer's preferences and choices. We thenexamine how individual firms choose their production levels tomaximize profits and the impact of different market structures on firms' behavior. In the final part of the course, we study some ofthe more advanced topics such as externalities and public goods.