SYLLABUS MICROECONOMICS 1

(ECEU600101 – 3 CREDITS)

ODD SEMESTER
ACADEMIC YEAR 2023/2024

A. Team Teaching

No Lecturer Tutor
REGULAR CLASS
1. Ledi Trialdi, S.E., M.P.P./
2. Ainul Huda, S.E., M.Sc.
3. Tjahjanto Budisatrio, S.E., M.Ec.Dev./Zahra Kemala
Nindita Murad, S.E., M.A., Ph.D.
4. Berly Martawardaya, S.E., M.Sc., M.Sc.
5. Muhammad Shauqie Azar, S.E., M.P.P.
6. Fithra Faisal Hastiadi, S.E., M.M.G., Ph.D.
7. Tjahjanto Budisatrio, S.E., M.Ec.Dev./Muhammad Hanri,
S.E., M.Sc., Ph.D.
8. Dr. Sartika Djamaluddin, S.E., M.E.
9. Dr. Widyono Soetjipto, S.P., M.Sc./Prof. Aris Ananta,
S.E., M.Sc., Ph.D.
10. Riatu Mariatul Qibthiyyah, S.E., M.A., Ph.D.
KKI CLASS
1. Titissari, S.E., M.T., M.P.
2. Muhammad Shauqie Azar, S.E., M.P.P.
3. Thia Jasmina, S.E., M.Sc., Ph.D./Dr. Widyono Soetjipto,
S.P., M.Sc.
4. Rizki Nauli Siregar, S.E., M.A., Ph.D.
5. Berly Martawardaya, S.E., M.Sc., M.Sc.
6. Dr. Christina Ruth Elisabeth L. Tobing, M.Si.

B. Course Description

The subject provides deeper insight of main topics in microeconomics such as consumer behavior,
producer behavior, market efficiency and market structure, policy intervention, and general
equilibrium. In addition to the main topics, the subject also introduces several frontier topics in
microeconomics such as uncertainty and asymmetric information. For the main topics, the subject
utilizes graphical and mathematical approach extensively while for the frontier topics, understanding
on the concept through real world cases is more demanded. This subject uses a blending method
between active lecturing and student-based learning.

C. Prerequisite

a. Introduction to Economics 1 (ECON 10100)

b. Introduction to Economics 2 (ECON 10200)
c. Basic Mathematics for Economics and Business (ECEU 600001)

Syllabus Microeconomics 1 Page 1 of 6

D. Learning Goals

Intensity
Expected Learning Outcome (ELO)/Competency
Level
Knowledge General economic knowledge (GK):
GK 1. Discussing basic economic theories using mathematical and Low
graphical tools
GK 2. Understanding the relevance of economic theories in daily Low
Life
GK 3. Understanding the development of economic thoughts and -
theories and its origins
GK 4. Comprehending basic economic theories and employing Medium
them to discuss real economic phenomena

Specific economic knowledge (SK):

SK 1. Discussing both economic and non-economic factors in the -

development of economy
SK 2. Discussing the developments and directions of economic -
policies in general
SK 3. Understanding public, industrial and other specific economic -
theories and utilizing them to discuss economic phenomena in the
related fields

Skill General economic skill (GS):

GS 1. Accessing, processing, presenting, and interpreting economic Low
variables and indicators
GS 2. Processing economic data using -
statistical/econometrical/mathematical softwares

Specific economic skill (SS):

SS 1. Analyzing the development and the direction of specific -
economic policies in the related fields (public, industry, etc.)
SS 2. Utilizing mathematical tools to perform dynamic economic -
Analysis
SS 3. Selecting and using appropriate research methodology as -
tools for performing economic analysis
SS 4. Analyzing the development and the direction of general -
economic policies in Indonesian, regional, and global economy
SS 5. Scientifically writing economic analysis in essays, articles, or -
academic papers (writing scientific economic analysis in the forms
of essays, journal articles or academic papers)

Transferrable/generic skill (TS):

TS 1. Thinking critically, creatively, and innovatively and nurturing High
intellectual curiosity to solve problems at individual and group
Levels
TS 2. Operating and utilizing information communication Low
Technology
TS 3. Speaking and writing properly in Indonesian and English for High

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 Intensity
Expected Learning Outcome (ELO)/Competency
both scientific and non-scientific purposes Level
TS 4. Planning logical systematic writing Medium
TS 5. Identifying, searching, and finding relevant sources of -
reference for writing
TS 6. Writing by using formal language and by applying scientific
rules -

Attitude & Transferrable/generic attitude (TA):

Professional
Ethics TA 1. Sensitive and responsive to any environmental, community,
High
nation, and states problems
TA 2. Full of integrity and respectful to others
TA 3. Being independent in financial and thought

Learning Goals (LG) and Learning Objectives (LO) of AACSB

LG (Learning Goals) LO (Learning Objectives) Traits

7.1.1. Able to explain the
different types of
microeconomic theories:
consumer, producer, market
7. General Knowledge of 7.1. Demonstrate knowledge in
structure, and social welfare
Economics theories of Economics
7.1.2. Able to apply
mathematical and graphical
approach to explain
microeconomic issues

E. Reference

1. Pindyck, Robert S. and Daniel L Rubinfeld. (2018), Microeconomics, 9th Edtion. New
Jersey: Pearson Prentice Hall. [P&R].
2. Nicholson, W., and Christopher Snyder (2010), Intermediate Microeconomics and Its
Application, 11E International Edition, South-Western: Cengage Learning. [N&S]
3. Snyder, C., and Walter Nicholson (2012), Microeconomic Theory: Basic Principles and
Extensions, 11th International Edition. South-Western: Cengage Learning. [S&N]

F. Assessment (Weight)

SIANSI Weight
SIAK NG LG 7 LO LG 7-LO1
Assessment 1-LO1
Weight
T1 T2
Assignments and/or Quiz before Mid-Exam 20% 0% 0%
Assignment and/or Quiz after Mid-Exam 20%
Mid-Exam 30% 50% 50%
Final-Exam 30% 50% 50%
Total 100% 100% 100%

Syllabus Microeconomics 1 Page 3 of 6

G. Topics and Reference

Estimated Tools of
Week Topics Sub Topics Reference
Time Analysis
1,2,3 Consumer 1. Introduction: Markets 3x150 P&R: Narrative
Behavior and and Prices (1.2,1.4) minutes Chapter 1, 2, (30%),
Market 2. The basic of supply and 3, and 4; Graph
Demand demand, the market N&S: (40%),
mechanism and Chapter 1, 2, Mathematics
elasticities, predicting and 3; (30%)
the effects of changing S&N:
market condition (2.1 – Chapter 3, 4,
2.6) 5, and 6
3. Consumer preferen-ces,
budget con-straints,
consumer choice,
revealed preference,
marginal utility and
consumer choice (3.1 –
3.5)
4. Individual demand,
Income and Substi-
tution effect, market
demand, consumer
surplus, network
externalities (4.1-4.5)
4,5,6 Production, 1. Production decision, 3x150 P&R: Narrative
Cost, Profit short-run and long-run minutes Chapter 6, 7, (20%),
Maximization, production, return to and 8; Graph
and scale (6.1-6.4) N&S: (40%),
Competitive 2. Short-run and long-run Chapter 6, 7, Mathematics
Supply cost, economics of and 8; (40%)
scale, economies of S&N:
scope, learning curve Chapter 9,
(7.1-7.6) 10, and 11
3. Competitive market,
profit maximization,
marginal revenue,
marginal cost, choosing
output in the short
run/long run, short-run
and long-run supply
curve (8.1-8.8)
7 Competitive 1. The gains and losses 150 P&R: Narrative
Market from government policy minutes Chapter 9 (30%),
(consumer and producer Graph
surplus), the efficiency (40%),
of competi-tive market, Mathematics
minimum price, price (30%)
supports and production
quota, import quotas
and tariffs, tax and
subsidy (9.1-9.6)

MID EXAM
8 Market Power: Monopoly: measuring 150 P&R: Narrative

Syllabus Microeconomics 1 Page 4 of 6

 Estimated Tools of
Week Topics Sub Topics Reference
Time Analysis
Monopoly and monopoly power, sources of minutes Chapter 10 (30%),
Monopsony monopoly power, the social Graph
costs of monopoly power, (40%),
monopsony, monopsony Mathematics
power (10.1-10.6) (30%)
9 Pricing Capturing consumer 150 P&R: Narrative
Strategy surplus: 1st degree price minutes Chapter 11; (40%),
discrimination, 2nd degree N&S: Graph
price discrimination, 3rd Chapter 11; (60%)
degree price discrimination, S&N: 14
inter-temporal price
discrimination, and peak
load pricing (11.1-11.3)
10, Monopolistic 1. Monopolistic 2 x 150 P&R: Narrative
11 and Oligopoly competition: equilibrium minutes Chapter 12 (30%),
in the short run and N&S: Graph
long run, economic Chapter 12; (30%),
efficiency (12.1) 5 Mathematics
2. Oligopoly: equilibrium in S&N: (40%)
an oligopolistic market, Chapter 15;
Cournot model, the 8
linear demand curve,
Stackelberg model,
price competition:
homogenous &
differentiated product,
competition versus
collusion, prisoners
dilemma, cartels (12.1-
12.6)
12 Market for Derived demand concept, 150 P&R: Narrative
Factor Inputs equilibrium in a competitive minutes Chapter 14; (30%),
factor market, equilibrium N&S: Graph
in a non-competitive, factor Chapter 13; (50%),
market with monopoly and S&N: Mathematics
monopsony power (14.1 – Chapter 16 (20%)
14.4)
13, General 1.General vs partial 2 x 150 P&R: Narrative
14 Equilibrium equilibrium, efficiency in minutes Chapter 16; (30%),
and Economic exchange, equity and 17, 18 Graph
Efficiency efficiency, efficiency in N&S: (30%),
production, gains from Chapter 10, Mathematics
trade (16.1 – 16.6) 16; (40%)
2.Why markets fail (16.7) S&N:
3.Basic concept of Chapter 13,
uncertainty (5.1-3) 19
asymmetric information
(17.1 – 17.3),
externalities and ways
to correct market failure
(18.1-18.2), basic
concept of public goods
(18.6)

FINAL-EXAM

Syllabus Microeconomics 1 Page 5 of 6

H. Other policies: Attendance, Exams, Plagiarism, etc.
1. Microeconomics 1 is 3 credits course consisting of 14 lecture sessions and several tutorial
sessions.
2. Referring to the faculty regulation, this course requires students to fulfill a minimum
attendance of 80% of lectures and tutorials to be eligible to participate in the final exam
3. Considering the number of topics that will be discussed, students are required to read the
relevant material prior to the lecture.

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