ECON 25100 - Microeconomics

Course Overview [Comments]

This course is intended to introduce you to microeconomic theory and its application in everyday life. We will study how individual consumers and producers together determine the prices and quantities of goods available in the marketplace. We will investigate the underlying incentives of consumers to buy goods and of firms to produce products that satisfy consumer demand. In addition, we'll look at how government can help or hinder market efficiency.

Course Syllabus

Sample Exams

• Sample Midterm Exam [Answers]

• Sample Final Exam [Answers]

Practice Problems

• Part I Introduction

  • Chapter 1: What Is Economics?

  • Chapter 2: The Economic Problem

• Part II How Markets Work

  • Chapter 3: Demand and Supply Demand

  • Chapter 4: Elasticity Elasticity

  • Chapter 5: Efficiency and Equity

  • Chapter 6: Government Actions in Markets

• Part III Households' Choices

  • Chapter 7: Utility and Demand

  • Chapter 8: Possibilities, Preferences, and Choices

• Part IV Firms and Markets

  • Chapter 9: Profit, Production, and Costs

  • Chapter 10: Perfect Competition

  • Chapter 11: Monopoly

  • Chapter 12: Monopolistic Competition

  • Chapter 13: Oligopoly

• Part V Market Failure and Government

  • Chapter 14&15: Market Failure

Additional Review Problems

(Note that the custom edition we use takes Chapter 1,2; 3,4,5,6 8,9; 10,11,12,13,14,15; 16,17; 19 from Parkin's Microeconomics and renamed as Chapter 1~16. The following pratice problems are from the study guide, the chapter numbers of which are not modified according the custom edition.)

• Chapter 1~2

• Chapter 3~6

• Chapter 7~8

• Chapter 9~13

• Chapter 14~15

PPTs for some lectures

• Chapter 3 Demand and Supply

• Chapter 5 Efficiency and Equity

• Chapter 16 Economic Inequality

• Overview: The Economic Way of Thinking

• Review