1. Syllabus for Microeconomics

2. Content Chapter 21 The Theory of Consumer Choice
Chap 13 The Costs of Production
Chap 14 Firms in Competitive Markets
Chap 15 Monopoly
Chap 17 Monopolistic Competition
Chap 18 The Economics of Labor Markets

3. The theory of consumer choice addresses the following questions:
Do all demand curves slope downward?
How do wages affect labor supply?
How do interest rates affect household saving?
Do the poor prefer to receive cash or in-kind transfers? 2

4. Production and cost Main definition The goal of firms
What is the most rational decision the firm make?
TC/AC/MC

5. Market structure Competitive market Monopoly
What is the effect of market structure on firm’s price and output decision?
What is the difference between different market type?

6. Final Evaluation Attendance: 10% Class Participation: 20%
Homework (finish it by yourself to get prepared for test)
Small test: 10% each time*3=30%.
Final examination:40%