Brief Course Description
1. Course Title:
(EN) Applied Microecnomics
2. Language of Instruction:
Tiếng Anh
3. Course Code:
ECO501192
4. Credits:
3
5. Course Objectives:
This course is designed to improve the skills of analyzing microeconomic problems, expanding knowledge to new topics as well as applying microeconomic knowledge in evaluation and decision-making. This subject provides the foundation for subsequent subjects at the intermediate and advanced levels in the field of economics.
Consumer theories, producer theories, market structure analysis, and advanced pricing strategies will be discussed and analyzed in depth.
Applied game theory will be introduced to learners to provide an analytical framework for situations where economic agents no longer choose alone, instead economic agents will interact with each other.
A new topic that will be discussed is the issue of information in economic decisions, including information asymmetry and incomplete information. Along with this topic comes the problem of designing mechanisms to influence the behavior of economic agents.
Issues of welfare analysis, fairness and efficiency in production and exchange of goods
chemistry as well as general equilibrium analysis will be expanded in this course.
External affairs and public goods are also one of the topics taught in this course, helping learners understand the role of government and public sector decisions to repair market failures and support an efficient and equitable economy.
In addition, other topics in the field of microeconomics can also be introduced to learners depending on each discipline or specialization such as investment analysis, behavioral economics or in-depth analysis of some common public policies.
All of the concepts, principles, and analytical tools in this module will be applied to practical problems through examples in lectures, homework, group discussions, and final essays.
6. Brief Description of Course Content:
The field of applied microeconomics is a fundamentally outward-looking branch of economics. Applied microeconomists take economic theories and methodologies out into the world and apply them to interesting questions of individual behavior and societal outcomes.