Term:Fall

Course Code:sd00224000

Campus: Central Campus

Academic Organization: School of Economics

Prerequisites: None

Credit:2（32 teaching hours）

Course Components:Lectures Required

Course Description:

Microeconomics is an undergraduate course that introduces you to the fundamentals of microeconomic world. We start this course from the basic ideas of economics such as tradeoffs, opportunity costs and comparative advantages. We will explore the structure of markets by studying supply and demand,market equilibrium, elasticity, and government policies and analyze the market welfare of consumers and producers. We will next be introduced 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.