Semester-2 Academic Year 2010/2011 Wednesday Room : 209 Major : Management Lecturer : Muchdie, PhD in Economics  PhD in Economics, 1998, Dept. of Economics, The University of Queensland, Australia.  Post Graduate Diploma in Regional Dev.,1994, Dept. of Economics, The Univ. of Queensland, Australia.  MS in Rural & Regional Development Planning, 1986, Graduate School, Bogor Agricultural University, Bogor  Sarjana Mek.Pert, 1979, Agricultural Engineering, Bogor Agric. University, Bogor. Muhammadiyah University of Prof. Dr. HAMKA Faculty of Economics

 This subject is designed to help you build an understanding of the economics of the market place. In particular we focus on microeconomic principles that demonstrate the role and limitations of both competitive and imperfectly competitive markets in motivating socially efficient consumer, business, and public sector choices.  No pre-requisite for taking this subject

 Attendance : 10 %  Formative : 14 Assignments (12 best of 14)  (20%)  Mid Term Exam : 35 % (materials from week 1- week 7)  Final Exam: 35 % (material from week 9-week 15)

 Text : Case & Fair, 2004, Principles of Economics, Seventh Edition, Prentice Hall Business Publishing (the Newest Edition is 9 th Edition, Published in 2009).  Blog is provided at :  Hand Out will be available at the Blog.  Assignment Sheets will be distributed through the Blog.

 Scope and Method of Economics  The Economic Problems  Demand, Supply and Market Equilibrium  Price System, Demand, Supply and Elasticities  Househol Behavior and Consumer Choices  Production Process  Short and Long Run Cost and Output Decisions  MIDTERM EXAMINATION  Input Demand : Labor and Land  General Equilibrium and The Efficiency of Perfect Competition  Monopoly and Antitrust  Monopolistic Competition and Oligopoly  Market Failure  Income Distribution and Poverty  Public Finance: The Economics of Taxation  FINAL EXAMINATION

 Lec-1, 23 March 2011  Lec-2, 30 March 2011  Lec-3, 6 April 2011  Lec-4, 13 April 2011  Lec-5, 20 April 2011  Lec-6, 27 April 2011  Lec-7, 4 May 2011  Mid Term Exam:  Lec-8,  Lec-9,  Lec-10,  Lec-11,  Lec-12,  Lec-13,  Lec-14,  Final Exam :