Advanced Microeconomic Theory 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 Nicholson, W., and Snyder, C. 2012. Microeconomics Theory: Basic Principle and Extensions. 11th Ed. Thomson South-Western, USA Jehle, G.A, and Reny, P.J. 2011. Advanced Microeconomic Theory. 3rd Ed. Pearson Education, Inc., USA Mas-Collel, A., Whinston, M.D., and Green, J.R. 1995. Microeconomic Theory. Oxford University Press, New York. 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