Ateneo de Zamboanga University

School of Liberal Arts

Social Sciences Department

Course Outline

Course Code: Econmic

Course Title: Microeconomics

No. of Units: 3 Units

Number of Hours: 3 hours every week for 18 weeks or 54 hours in a semester

Time Topic Reference

Allocation
Week 1 Overview on Basic Economic Concepts Chapters 1,2: Mankiw, N.
How People Make Decisions Gregory; Principles of
Thinking Like an Economist Microeconomics; 8th Edition;
CENGAGE Learning
Week 2 Review on Market Theories Chapter 4: Mankiw, N. Gregory;
The Market Forces of Supply and Demand Principles of Microeconomics; 8th
Edition; CENGAGE Learning
Week 3 Elasticity : Its Application Chapter 5: Mankiw, N. Gregory;
Principles of Microeconomics; 8th
Edition; CENGAGE Learning
Week 4 The Theory of Consumer Choice Chapter 21: Mankiw, N. Gregory;
Principles of Microeconomics; 8th
Utility Maximization Theory, Total Utility and
Edition; CENGAGE Learning
Diminishing Marginal Utility

Week 5 Indifference Curves Chapter 21: Mankiw, N. Gregory;

Principles of Microeconomics; 8th
Edition; CENGAGE Learning
Week 6 Budget Line/ Constraints
Week 7 Substitution and Income Effects
Week 8 MIDTERM EXAMINATION
Week 9 Production Theory
Production Function
SR and LR Production Decisions
Diminishing Marginal Product
Returns to Scale
Week 10 Cost of Production Chapter 13: Mankiw, N. Gregory;
Economic versus Accounting Cost Principles of Microeconomics; 8th
SR and LR Costs Edition; CENGAGE Learning
Economies of Scale
Cost Minimization
Week 11 Profit Maximization
Economic versus Accounting Profit
SR and LR Profit
Week 12 Profit Maximization Condition under: Chapter 21: Mankiw, N. Gregory;
A. Perfectly Competitive Principles of Microeconomics; 8th
Edition; CENGAGE Learning
Week 13 B. Imperfect Markets: Chapter 15: Mankiw, N. Gregory;
1. (Monopoly) Principles of Microeconomics; 8th
Edition; CENGAGE Learning
Week 14 2. Oligopoly Chapters16, 17: Mankiw, N.
Gregory; Principles of
3. Monopolistic Competition Microeconomics; 8th Edition;
CENGAGE Learning

Week 15 The Economics of Labor Markets Chapter 18: Mankiw, N. Gregory;

Principles of Microeconomics; 8th
Edition; CENGAGE Learning
Week 16 The Economics of Public Sector: Chapters 10,11: Mankiw, N.
1. Externalities and Market Inefficiency Gregory; Principles of
A. Private Solutions Microeconomics; 8th Edition;
B. Public Policies CENGAGE Learning
2. Public Goods and Common Resources
Tragedy of the Commons
Week 17 The Economics of Public Sector: Continue Chapter 22: Mankiw, N. Gregory;
3. Asymmetric Information Principles of Microeconomics; 8th
A. Adverse Selection Edition; CENGAGE Learning
B. Moral Hazard
C. Principal-Agent Problem Chapter 15: Mankiw, N. Gregory;
4. Monopoly Principles of Microeconomics; 8th
Edition; CENGAGE Learning
Week 18 FINAL EXAMINATION
Course Requirements:
1. Regular quizzes (Short/Long) (at least 4 per quarter)
2. Insight/Reflection/Synthesis Papers
3. Individual report/presentation
4. Mini term paper (individual)
5. 2 Major Exams (Midterm, Final)