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COURSE CURRICULUM DESIGN AND INSTRUCTIONAL PLAN

Faculty Department Semester Session Course Name Course Code Credit Hour Prerequisite : : : : : : : : Management and Economics Economics 1 2013/ 2014 Microeconomics PET3023 3 Principle of Economics (PET3013)

LECTURERS INFORMATION: Name E-mail Telephone No. Room No. : : : : Azila binti Abdul Razak azila@fpe.upsi.edu.my 015-48117609/ 019-4781213 PY58, Blok 10, Sultan Azlan Shah Campus, Sultan Idris Education University

(For a prerequisite course, students must pass before enrolling in the more advanced course) COURSE SYNOPSIS: The course discusses about theory and application regarding consumer and producer behavior; production and cost, market structures; input price determination and general equilibrium.

RATIONAL OF THE COURSE: To increase students' skills in assessing and finding solutions to economic problems through theoretical knowledge.

LEARNING OUTCOMES: 1. 2. 3. To analyse microeconomic problems using economic theories. (C3) To apply ICT and e-learning in teaching and learning process. (P3, LL2) To evaluate and give effective response towards current issues related to microeconomic field. (A3, CT3)

4.

Creative and critical in solving task given and able to work in group. (CT3, TS3)

TRANSFERABLE SKILLS: 1. 2. 3. To exhibit values, skills and professional ethics. To communicate effectively and able to work in group. Ability to react creatively and critically in solving problems.

MAIN REFERENCE: Vengedasalam, D., Madhavan, K. & Rohana Kamarudin (2008). Microeconomics. Shah Alam: Oxford University Press.

ADDITIONAL REFERENCES: Pindyck, R. and Rubinfeld, D. (2012). Microeconomics, 8th Ed. Petaling Jaya: Pearson. Boyes, W. J. and Melvin, M. (2011). Microeconomics, 8th Ed. Mason: South-Western Cengage Learning. Browning, E. K. and Zupan, M. A. (2009). Microeconomics Theory and Applications, 10th Ed. New Jersey: Wiley. Krugman, P. and Well, R. (2010). Microeconomics, 2nd Ed. New York: Worth Publishers.

SOFT SKILLS EMBEDDED Activity / SS Lecture Tutorial Individual Assignment Group Assignment Mid-term Examination Indicators: CS Communication Skills CT Critical thinking & problem solving TS Ongoing education and information management LL Team work LS Leadership skills EM Ethics & Moral professional KK Entrepreneurship skill CS CT TS LL LS EM KK

STUDENTS PERFORMANCE ASSESSMENT: Course Work Individual Assignment Case Study Mid-term Examination Final Examination Total UPSIS COURSE GRADE EVALUATION Scores Range
80 100 75 79 70 74 65 69 60 64 55 59 50 54 45 49 40 44 35 39 0 34

60% 20% 20% 20% 40% 100%

Grade
A AB+ B BC+ C CD+ D F

GPA/ CGPA
4.00 3.70 3.40 3.00 2.70 2.40 2.00 1.70 1.40 1.00 0

Status
Excellence Excellence Distinction Distinction Distinction Pass Pass Limited Limited Limited Fail

SOFT SKILLS GRADING: SCALE 4 3 2 1 Excellence Good Moderate Weak CRITERIA

14 WEEKS TEACHING SCHEDULE: Week Soft Skills CT & EM Teaching-Learning Activities Lecture, Tutorial and Individual Assignment Measurement Methods Instructional Plan Briefing

Topics INTRODUCTION OF MICROECONOMICS Definition of Economics; Types of Microeconomic Analysis; Dicipline of Economics; Scarcity, Choices and Opportunity Cost; Production Possibilities Curve; Fundamental Economic Questions; Economic System; and Circular Flow Diagram. DEMAND AND SUPPLY Concept of Demand and Supply; Market Equilibrium; Equilibrium Price and Quantity; Shocks in Equilibrium; and Government Intervention in the Market.

Learning Outcomes To analyse microeconomic problems using economic theories. (C3)

To analyse microeconomic problems using economic theories. (C3) To evaluate and give effective response towards current issues related to microeconomic field. (A3, CT3) To analyse microeconomic problems using economic theories. (C3) To evaluate and give effective response

CT & EM

Lecture, Tutorial and Individual Assignment

Exercise Mid-term Examination

ELASTICITY AND ITS APPLICATION Price Elasticity of Demand; Income Elasticity of Demand; Cross Price Elasticity of Demand; Price Elasticity of Supply; and Application of Concept of Elasticity.

CT & EM

Lecture, Tutorial and Individual Assignment

Exercise Mid-term Examination

towards current issues related to microeconomic field. (A3, CT3) 4 THEORY OF CONSUMER CHOICE Utility Theory and Individual Choice; Cardinal Utility Theory; Ordinal Utility Theory; The Cosumer Choice; Changes in Income and Consumption Choices; Price Changes and Consumption Choices; and Consumer Surplus. To analyse microeconomic problems using economic theories. (C3) To evaluate and give effective response towards current issues related to microeconomic field. (A3, CT3) To analyse microeconomic problems using economic theories. (C3) To evaluate and give effective response towards current issues related to microeconomic field. (A3, CT3) To analyse microeconomic problems using economic theories. (C3) To evaluate and give CT & EM Lecture, Tutorial and Individual Assignment Exercise Mid-term Examination

THEORY OF PRODUCTION Definition of Production; Classification of Factors of Production; Production Function; Time Frame for Production Function; Short-Run Production Function: One Variable and One Fixed Input; and Long-Run Production Function.

CT & EM

Lecture, Tutorial and Individual Assignment

Exercise Mid-term Examination

PRODUCTION COST Concept of Cost; Cost Curves in the Short-Run; Short-Run Average Total Cost Curve; The Isocost; and Cost Curves in the Long-Run.

CT & EM

Lecture, Tutorial and Individual Assignment

Exercise Mid-term Examination

effective response towards current issues related to microeconomic field. (A3, CT3) 7 THEORY OF FIRM Concept of Revenue; Economic Profit and Accounting Profit; Definition and Objectives of a Firm; Equilibrium of a Firm; Total Revenue and Total Cost Approach; Marginal Revenue and Marginal Cost Approach; and Types of Market Structure. To analyse microeconomic problems using economic theories. (C3) To evaluate and give effective response towards current issues related to microeconomic field. (A3, CT3) To analyse microeconomic problems using economic theories. (C3) To apply ICT and elearning in teaching and learning process. (P3, LL2) To evaluate and give effective response towards current issues related to microeconomic field. (A3, CT3) Creative and critical in solving task given and CT & EM Lecture, Tutorial and Individual Assignment Exercise Mid-term Examination

PERFECT COMPETITION Definition and Characteristics; Perfect Competition Price and Output Decision; Profit Maximization the Short-Run; and Profit Maximization in the Long-Run.

CS, CT, TS, LL, LS & EM

Lecture, Tutorial, Individual Assignment & Group Assignment

Exercise Discussion Final Examination

able to work in group. (CT3, TS3) 10 & 11 MONOPOLY Definition and Characteristics; Types of Monopolies; Monopoly Price and Output Decision; Profit Maximization the Short-Run; Profit Maximization in the Long-Run; Price Discrimination; and Comparison of Perfect Competition and Monopoly. To analyse microeconomic problems using economic theories. (C3) To apply ICT and elearning in teaching and learning process. (P3, LL2) To evaluate and give effective response towards current issues related to microeconomic field. (A3, CT3) Creative and critical in solving task given and able to work in group. (CT3, TS3) To analyse microeconomic problems using economic theories. (C3) To apply ICT and elearning in teaching and learning process. (P3, LL2) To evaluate and give effective response towards current issues CS, CT, TS, LL, LS & EM Lecture, Tutorial, Individual Assignment & Group Assignment Exercise Discussion Final Examination

12

MONOPOLISTIC COMPETITION Definition and Characteristics; Monopolistic Competition Price and Output Decision; Profit Maximization the Short-Run; Profit Maximization in the Long-Run; and Comparison of Perfect Competition and Monopolistic Competition.

CS, CT, TS, LL, LS & EM

Lecture, Tutorial, Individual Assignment & Group Assignment

Exercise Discussion Final Examination

related to microeconomic field. (A3, CT3) Creative and critical in solving task given and able to work in group. (CT3, TS3) To analyse microeconomic problems using economic theories. (C3) To apply ICT and elearning in teaching and learning process. (P3, LL2) To evaluate and give effective response towards current issues related to microeconomic field. (A3, CT3) Creative and critical in solving task given and able to work in group. (CT3, TS3) CS, CT, TS, LL, LS & EM Lecture, Tutorial, Individual Assignment & Group Assignment Exercise Discussion Final Examination

13 & 14

OLIGOPOLY Definition and Characteristics; Price and Output Decisions for an Oligopolist; Non-Price Competition; Price Rigidity and Kinked Demand Curve; The Game Theory; Price Leadership Model; and Cartel.

TUTORIAL PLAN
No. 2 Week 2 Topic LO T-L Activities Tutorial Measurement Methods Exercise

3 4 5 6 7 8 9

3 4 5 6 7 8 9

10

10

11

11

12

12

13

13 & 14

Introduction of C3 Microeconomics Demand and Supply Elasticity and Its Application C3 Theory of Consumer Choice C3 Theory of Production C3 Production Cost C3 Theory of Firm C3 MID-TERM BREAK Mid-term Examination Perfect Competition C3, LL2, A3, CT3, TS3 Monopoly C3, LL2, A3, CT3, TS3 Monopolistic Competition C3, LL2, A3, CT3, TS3 Oligopoly C3, LL2, A3, CT3, TS3 REVISION

Tutorial Tutorial Tutorial Tutorial Tutorial

Exercise Exercise Exercise Exercise Exercise

Group Assignment Group Assignment Group Assignment Group Assignment

Presentation

Presentation

Presentation

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