Instructor:                   Weerachart T. Kilenthong (tee@riped.utcc.ac.th) 

Office Hours:       Tuesday 10.00 –12.00 on the 7th Floor of the 21st Building

Course Schedule:        Tuesday 14.30–17.00 Room 21203

TAs:                               Sartja Duangchaiyoosook (kei@riped.utcc.ac.th) 

1. Course Objective

This course aims to equip students with basic microeconomics concepts and guide them to think like economists. The students should be able to apply the relevant microeconomics concepts/ theories to some contemporary economic and social issues/problems. Moreover, students should be able to utilize basic quantitative analysis, using graphs, figures, and basic algebra to analyze the issues/problems in focus.  

 2. Required Textbooks:

1. Acemoglu, Laibson, and List (2022). Economics (Global Edition 3rd Edition). Pearson.

The class ID for MyEconLab is rawat77199. If you have an inquiry about the eBook and MyEconLab, you can contact the salesperson at suwanna.uthaipong@pearson.com.

3. Grades and Requirements

Grades will be based on the following weights: 

40%         Assignments + Quizzes

20%         Midterm Exam (September 25, 2024 Room 21303 from 15.00-17.00)

40%         Final Exam   (December 4, 2024 Room 21303 from 14.30-17.00)        

Tentative Grading Range: 

80 – 100   A

75 – 79    B+

66– 74     B

55 – 65     C+

50 – 54     C

45 – 49     D+

40 – 44     D

39 or less F

              3.1. Assignment

Students will be assigned to complete approximately 12 individual assignments during the semester. An assignment with the lowest score will be dropped when the total score for each student is calculated. Note: Late submission of the assignments is not accepted; a score of zero will be recorded for such assignments.

             3.2. Examination

There are two examinations, the midterm and final exams, which count for 20% and 40% of the total points. If a student misses the examination without an acceptable excuse, a score of zero will be recorded for the examination.  

4. Course Schedule

There are 15 sessions, totaling 45 lecture hours (including the midterm exam). If necessary, the course structure is subject to revision (e.g., to conform to the student's background, knowledge, and interests). The tentative structure of the whole course is as follows:

1.  Class 1 (FRI Jan 10, 2025) :  The Principles and Practice of Economics 

2.  Class 2 (TUES Jan 14, 2025) :  Economic Science and Optimization

3.  Class 3 (TUES Jan 21, 2025) : Consumers and Incentives

4.  Class 4 (TUES Jan 28, 2025) :  Sellers and Incentives

5.  Class 5 (TUES Feb 4, 2025) :  Demand, Supply, and Equilibrium 

6.  Class 6 (TUES Feb 11, 2025) :  Perfect Competition and the Invisible Hand

7.  Class 7 (TUES Feb 18, 2025) :  Externalities and Public Goods

8.  Class 8: Mid-Term Exam (Feb 25, 2025 in Room 1402 (Building 1, 4th floor, Room no. 2))

9.  Class 9 (TUES Mar 4, 2025) :  Markets for Factors of Production

10.   Class 10 (TUES Mar 11, 2025) :  Trade

11.   Class 11 (TUES Mar 18, 2025) :  Monopoly

12.   Class 12 (TUES Mar 25, 2025) :  Game Theory and Strategic Play

13.   Class 13 (TUES Apr 1, 2025) :  Oligopoly and Monopolistic Competition

14.   Class 14 (TUES Apr 8, 2025) :  Trade-offs Involving Time and Risk

15.   Class 15 (TUES Apr 22, 2025) :  The Economics of Information

Final Exam (Tuesday, 29 April 2025, 13.00-16.00 hrs. at Room 9701)

5. Problem Assignments 

Problem assignments are posted in the course's Microsoft Teams.