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 21204

TAs:                               Nathatai Kullapa-anunchan (nathatai.riped@gmail.com)

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.

3. Grades and Requirements

Grades will be based on the following weights: 

40%         Assignments + Quizzes

20%         Midterm Exam (TBA)

40%         Final Exam   (TBA)        

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 (including the midterm exam). If necessary, the course structure may be revised (e.g., to align with the student's background, knowledge, and interests). The tentative structure of the whole course is as follows:

1.  Class 1 (TUES Jan 6, 2026) :  The Principles and Practice of Economics 

2.  Class 2 (TUES Jan 13, 2026) :  Economic Science and Optimization

3.  Class 3 (TUES Jan 20, 2026) : Consumers and Incentives

4.  Class 4 (TUES Jan 27, 2026) :  Sellers and Incentives

5.  Class 5 (TBA, 2026) :  Demand, Supply, and Equilibrium 

6.  Class 6 (TUES Feb 10, 2026) :  Perfect Competition and the Invisible Hand

7.  Class 7 (TUES Feb 17, 2026) :  Externalities and Public Goods

8.  Class 8: Mid-Term Exam (TBA)

9.  Class 9 (TBA, 2026) :  Markets for Factors of Production

10.   Class 10 (TUES Mar 10, 2026) :  Trade

11.   Class 11 (TUES Mar 17, 2026) :  Monopoly

12.   Class 12 (TUES Mar 24, 2026) :  Game Theory and Strategic Play

13.   Class 13 (TUES Mar 31, 2026) :  Oligopoly and Monopolistic Competition

14.   Class 14 (TUES Apr 7, 2026) :  Trade-offs Involving Time and Risk

15.   Class 15 (TUES Apr 21, 2026) :  The Economics of Information

Final Exam (TBA)

5. Problem Assignments 

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