Faculty of Mathematics and Natural Science Universitas Gadjah Mada

INTRODUCTION TO MICROECONOMICS
This information is for the 2018/19 session.

I. GENERAL COURSE INFORMATION

Course The course is an introductory course to microeconomics. It will
Description start with some basic concepts of economics and then build onto
the applications and try to apply real-life examples to textbook
concepts. The course mainly focuses on the behaviors of
individuals and firms and how they depend on limited resources.
Moreover, the topics related to the theory of market are also
discussed.
Course Objective 1) To understand key concepts and basic principles in
microeconomics
2) To abstract and simplify microeconomic problems through
the application of theoretical models.
Pre-requisites None
Course structure Lecture (150 minutes)
Evaluation Final exam (45%)
Midterms exam (35%)
Quizzes (20)
Lecture Tuesday, 10.30 p.m. Room:-
Lecturers Amri Anjas Asmara (amri.asmara@ugm.ac.id)
Responsible Office Hours: by appointment

II. COURSE CONTENT

II.1. Textbooks
Samuelson, Paul A. and William D. Nordhaus (2010), Economics, 19th edition, The
McGraw-Hill Companies (Code: SN)
Mankiw, N.Gregory (2017), Principles of Microeconomics, 8th edition, Cengage
Learning, (Code: M)

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Faculty of Mathematics and Natural Science Universitas Gadjah Mada

II.2. Lecture Topics

Topic Indicative Readings

Lecture 1: Introduction to Economics M Ch.1; SN Ch.1

CONSUMER BEHAVIOR AND MARKETS

Lecture 2: Basic Elements of Supply and Demand M Ch.4; SN Ch.3

Lecture 3: Elasticity and Its Application M Ch.5; SN Ch.4

Lecture 4: Demand and Consumer Behavior M Ch.7; SN Ch.5

FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRY

Lecture 5: Production and Business Organization M Ch.13; SN Ch.6

Lecture 6: Analysis of Costs M Ch.13; SN Ch.7

Lecture 7: Analysis of Perfectly Competitive Markets M Ch.14; SN Ch.8

Lecture 8: Monopoly M Ch.15; SN Ch.9

Lecture 9: Monopolistic Competition M Ch.16; SN Ch.10

Lecture 10: Oligopoly M Ch.17; SN Ch.10

Lecture 11: Economics of Uncertainty SN Ch.11

FACTOR MARKETS: LABOR AND CAPITAL

Lecture 12: How Markets Determine Incomes M Ch.19; SN Ch.12

Lecture 13: The Labor Market M Ch.18; SN Ch.13

Lecture 14: Capital, Interest, and Profits M Ch.18; SN Ch.15

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 Faculty of Mathematics and Natural Science Universitas Gadjah Mada

III. ADDITIONAL COURSE INFORMATION

III.1. Grading Range
Grades will be based upon the exams and the grading range is explained below.

Letter Grade Range

A > 86
A- 83 – 86
A/B 80 – 83
B+ 77 – 80
B 74 – 77
B- 71 – 74
B/C 68 – 71
C+ 65 – 68
C 62 – 65
C- 59 – 62
C/D 50 – 59
D+ 40 – 50
D <40
E 0

III.2. Missed Exams

 Students who miss an exam for medical reasons have one week to submit the
relevant medical certificate (original documents).
 Students who do not have a relevant medical certificate or who do not hand in
the medical certificate on time will receive a mark of zero on any missed exam.
III.3. Academic Integrity
 We have a strong position against dishonest academic behavior.
 We commit that dishonesty, cheating or plagiarism will be prosecuted to the
fullest extent of the Code of Student Conduct of MIPA UGM.
 Abusing the records of attendance by signing in for someone other than yourself
is considered dishonest behavior and will be prosecuted as plagiarism.