By the end of the course, you will be able to understand introductory microeconomic theory, solve basic microeconomic problems, and use these techniques to think about a number of policy questions relevant to the operation of the real economy.

Students should also have the skills needed to:

1)    Use supply and demand diagrams to analyze the impact of overall changes in supply and demand on price and quantity.

2)    Solve a consumer's utility maximization problem mathematically and graphically; analyze the impact of changes in price and income on a consumer's decision via shifting income and substitution effects.

3)    Understand the consumer's labor supply decision.

4)    Solve a firm's cost minimization problem mathematically and graphically.

5)    Analyze the behavior of firms in a perfectly competitive market in the short-run and the long-run.

6)    Calculate producer and consumer surplus.

7)    Analyze the behavior of firms in a monopoly or oligopoly, and calculate the resulting changes in producer or consumer surplus.

8)    Understand consumer behavior under uncertainty.

9)    Use economic tools to analyze economic policies.

教材： Samuelson &Nordhaus, Economics 19E (双语注疏版) 参考资料： Jeffrey M. Perloff, Microeconomics, 7th Ed, Pearson, 2014