Course unit title

Advanced Microeconomic Theory

Course unit code

EKK803

Type of course unit (compulsory, optional)

Compulsory

Level of course unit (according to

EQF: first cycle Bachelor, second cycle Master)

Third cycle Doctor

Year of study when the course unit is delivered

(if applicable)

Year 1

Semester/trimester when the course unit is delivered

Semester 1

Number of ECTS credits allocated

4.8 ects

Name of lecturer(s)

Tri Haryanto, Ph.D

Dr. Lilik Sugiharti

Learning outcomes of the course unit

Students are able to: (1) develop the ability to analyze, evaluate and synthesize economic information; (2) critically assessing new principles and models in microeconomics; (3) have a thorough understanding of the main techniques of modern microeconomic theory; (4) have detailed knowledge of the latest research in the main areas of microeconomic theory; (5) apply modern techniques to develop microeconomic models in independent research.

Mode of delivery (face-to-face, distance learning)

Face to face (offline) and or distance learning (online)

Prerequisites and co-requisites (if applicable)

No

Course content

The learning of this course introduces advanced Microeconomic Theory. Microeconomic theory is based on the premise that these people behave rationally, make optimal choices for themselves and how markets are organized. Topics that will be covered include (1) Consumers Behavior And Demand: Preferences and utility, Consumer choice and demand, Choice under uncertainty; (2) Producers Behavior and Supply: Production, Cost, Profit maximization and supply; (3) Market Equilibrium: Partial equilibrium, General equilibrium and welfare, Market Power and Competitive Strategy; (4) Market Failure and the Role of Government: Markets with Asymmetric Information, Externalities and Public Goods

Recommended or required

reading and other learning resources/tools
  1. Nicholson, W., and Snyder, C. 2012. Microeconomics Theory: Basic Principle and Extensions. 11th Ed. Thomson South-Western, USA
  2. Jehle, G.A, and Reny, P.J. 2011. Advanced Microeconomic Theory. 3rd Ed. Pearson Education, Inc., USA
  3. Mas-Collel, A., Whinston, M.D., and Green, J.R. 1995. Microeconomic Theory. Oxford University Press, New York.
  4. Varian, H.R. 1992. Microeconomic Analysis. 3rd Ed. W.W. Norton & Company, Inc. USA.

Planned learning activities and teaching methods

Teaching (Classical Method), Presentation, Discussion, Group based project, case/problem based method

Language of instruction

In Bahasa (Indonesian Language) and English

Assessment methods and criteria

Personal and group assignments, rubric assessment based on learning outcome, Quiz, Mid and Final Examination