COURSE INFORMATION FOR CURRENT

SEMESTER/TERM

Academic Year

2016/2017

Semester/Term

Course Code

CIX1001

Course Title

PRINCIPLES OF MICROECONOMICS

Credit

Medium of Instruction

English

Course Pre-requisite(s)/
Minimum Requirement(s)

None

Main Reference

1. McConnell, C.R., Brue, S.L., & Flynn, S.M. (2015). Economics. 20th
ed. McGraw Hill
2. Mankiw, N.G. (2016). Principles of Microeconomics, 8th ed.,
Cengage Learning.
3. Pyndick, R.S. & Rubinfield D. L. (2013), Microeconomics, 8th ed.
Pearson Higher Education.

Teaching Materials/
Equipment

Presentation Slides, Notes

Learning Strategies

Lecture, Tutorial

Student Learning Time

120 hours
Face to face: 42 hours
(lecture, tutorial)
Guided learning: 7 hours
(preparation for tutorial, preparation for individual and group
assignment)
Self learning: 67 hours
(preparation before and after lecture, preparation for final examination)
Assessment: 4 hours
(Test, Final Exam)
(Refer to Form Student Learning Time UM-PT01-PK03-BR010(BI)01)

Soft Skills

Communications Skills : CS1 CS3

Critical Thinking : CT1 CT3
Leadership Skills : LS1 LS2

Lecturer

Dr. Aidil Rizal b. Shahrin

Room

Block B2-3

Telephone/e-mail

03-7967 3838 (aidil_rizal@um.edu.my)

UM-PT01-PK03-BR004(BI)-S04

COURSE INFORMATION FOR CURRENT

SEMESTER/TERM
Lecture Session:
Day/Time
Venue

Tutorial/Practical Session:
Day/Time
Venue

Important Dates

G1: Wednesday (10:00am 11:50am) DK3 (Dr. Aidil Rizal Shahrin)

G2: Thursday (2:00pm 3:50pm) DK2 (Dr. Aidil Rizal Shahrin)
G1: Wednesday (10:00am 10:50am) BSB-01 (Dr. Chan Sok Gee)
G2: Wednesday (11:00am 11:50am) BSB-01 (Dr. Chan Sok Gee)
G3: Wednesday (2:00pm 2:50pm) BSB-06 (Dr. Mozard bin Mohtar)
G4: Wednesday (3:00pm 3:50pm) BSB-06 (Dr. Mozard bin Mohtar)
G5: Wednesday (4:00pm 4:50pm) BSB-06 (Dr. Mozard bin Mohtar)
G6: Thursday (10:00am 10:50am) BSB-02 (Dr. Chan Sok Gee)
G7: Thursday (10:00am 10:50am) BSB-06 (Mr. Shamsul Izwan
Sharani)
G8: Thursday (11:00am 11:50am) BSB-02 (Dr. Chan Sok Gee)
G9: Thursday (11:00am 11:50am) BSB-06 (Mr. Shamsul Izwan
Sharani)
G10: Thursday (12:00pm 12:50pm) BSB-06 (Mr. Shamsul Izwan
Sharani)
Test: 14 October 2016 Time: 10.00am 11.00am
Quiz 1: Week 10 (16 Nov 17 Nov 2016, base on respective group)
Quiz 2: Week 13 (7 Dec 8 Dec 2016, base on respective group)
Examination: 5 January 2017 Time: 11:30am 1:30pm (Exam Building)

Continuous Assessment (50%)

1.
2.
3.
4.

Group Assignment
Test
Quiz 1
Quiz 2

20%
20% (50 Multiple choice questions, Week 1 - 5 topics)
5% (15 Multiple choice questions, Week 6 9 topics)
5% (15 Multiple choice questions, Week 10 12 topics)

Instructions for Group Assignment

1. Each group must comprise of minimum 4 students and maximum 5 students.
2. There will be 4 assignments given where each assignment consist of weightage of 5% of the
continuous assessment.
3. The group is required to submit their assignment on respective date to the lecturers room
(will be notified later).
4. Failure to submit on time will result in deduction of 50% of the total weightage for each
assignment. (Example: 50% x 5% = 2.5%)
5. Plagiarism is a serious offense. If the ANY group is caught in this matter, Zero mark will be
allocated for the assignment submitted. Definition of plagiarism includes the followings:
a. Copy and paste with model answer from any sources of references such as
instructor manual, text book, reference books, journal articles and internet sources.
b. Sharing of answer among different groups.

UM-PT01-PK03-BR004(BI)-S04

COURSE INFORMATION FOR CURRENT

SEMESTER/TERM

Teaching Schedule
Week &
Date

Introduction to Economics and Economics System

Basic problems of: limited resources, choice and
distribution
Societys Economizing Problem
Economics System

Week 1
7 & 8 Sept

Week 2
14 & 15
Sept

Lecture/Tutorial/Assignment Topic

Demand and Supply

Demand and supply analysis
Quantity and price equilibrium
Market Equilibrium
Government-set Prices
Elasticity
Price Elasticity of Demand
Total Revenue Test
Price Elasticity of Supply
Cross Elasticity
Income Elasticity

Week 3
21 & 22
Sept

Consumer Behavior Theory I

Week 4 Utility
28 & 29
Utility Maximizing Rule
Sept

Utility Maximization and Demand Curve

Income and Substitution Effects

Week 5
5 & 6 Oct

Consumer Behavior Theory II

Consumer Preferences

Budget Constraint

Consumer Choices

Week 6

12 &13 Oct

Theory of The Firm and Production I

Firm Decision Making
Short Run and Long Run

References/Teaching
Materials/Equipment
Chapter 1, McConnell et. al.
(2015)
Chapter 2, McConnell et. al.
(2015)

Chapter 3, McConnell et. al.

(2015)

Chapter 6, McConnell et. al.

(2015)

Chapter 7, McConnell et. al.

(2015)

Chapter 7(A), McConnell et. al.

(2015)

Chapter 9, McConnell et. al.

(2015)

Test (Friday, 14 October 2016) 10:00am-11:00am

Topics Covered: Week 1 Week 5
Venue: Exam Building
Week 7
19 & 20
Oct

Theory of The Firm and Production II

Economic Profit vs Accounting Profit

Short Run and Long Run Cost

Economics of Scale

Minimum Efficient Scale

UM-PT01-PK03-BR004(BI)-S04

Chapter 9, McConnell et. al.

(2015)

COURSE INFORMATION FOR CURRENT

SEMESTER/TERM
Mid Semester Break
22 October 2016 30 October 2016

Market structure: Perfectly Competitive Market

Characteristics
Profit Maximization Short Run and Long Run
Supply curve of Short Run and Long Run
Efficiency

Chapter 10 & 11, McConnell et. al.

(2015)

Market structure: Monopoly

Barriers to Entry
Monopoly Demand
Price Discrimination

Chapter 12, McConnell et. al.

(2015)

Week 10
16 & 17
Nov

Market structure: Monopolistic

Characteristic
Short Run and Long Run
Efficiency

Chapter 13, McConnell et. al.

(2015)

Week 11
23 & 24
Nov

Market structure: Oligopoly

Characteristic
Interdependence
Game Theory
Three Oligopoly Models
Efficiency

Chapter 13, McConnell et. al.

(2015)

Week 8
2 & 3 Nov

Week 9
9 & 10 Nov

Week 12
30 Nov &
1 Dec

Week 13
7 & 8 Dec
Week 14
14 & 15
Dec

Distribution theory: Labor market

Marginal Productivity and Resource Demand

Optimal Combination of Resources

Competitive Labor Market

Distribution theory: Capital market
Economic Rent
Interest
Profit
Revision

* Test will be conducted outside lecture week

UM-PT01-PK03-BR004(BI)-S04

Chapter 14 &15, McConnell et. al.

(2015)

Chapter 16, McConnell et. al.

(2015)