微观经济学-英文课程描述

微观经济学英语Microeconomics: The Study of Individual Economic UnitsMicroeconomics is a subfield of economics that focuses on the behavior of individual economic units, such as households, firms, and industries. It analyzes how these units make decisions and how they interact with one another in the market. In this article, we'll delve into the basics of microeconomics and explore some of its key concepts.Supply and DemandOne of the foundational concepts in microeconomics is supply and demand. Supply refers to the quantity of a good orservice that producers are willing to offer for sale at a particular price, while demand refers to the quantity of a good or service that consumers are willing to buy at a particular price. The interaction between supply and demand determines the market price of the good or service.Market EquilibriumWhen supply and demand are equal, there is market equilibrium. At this point, the market price is considered to be the "fair" price, as it reflects the value that consumers and producers place on the good or service.ElasticityAnother important concept in microeconomics is elasticity. Elasticity measures the responsiveness of supply or demand to changes in price. For example, if the price of a good increases, and the quantity demanded of the good decreases significantly, then demand is considered to be elastic. If the quantity demanded changes little in response to a price change, then demand is considered to be inelastic.Profit MaximizationFirms in microeconomics seek to maximize their profits. This means that they will produce and sell goods and servicesuntil the marginal cost of production is equal to the marginal revenue that they earn from each additional unit sold.Market StructureFinally, microeconomics examines the different market structures that exist in the economy. These structures include perfect competition, monopolistic competition, oligopoly, and monopoly. Each structure has its own unique characteristics, such as the number of firms in the market, the degree of product differentiation, and the barriers to entry.ConclusionMicroeconomics is a fascinating field of study that provides insights into the behavior of individual economic units and how they interact in the market. By understanding theseconcepts, economists can analyze and predict the outcomes of various economic scenarios, and policymakers can design effective policies to promote economic growth and prosperity.。

A Firm’s Long-Run Decision to Exit
• Cost of exiting the market: revenue loss = TR
• Benefit of exiting the market: cost savings = TC (zero FC in the long run) • So, firm exits if TR < TC
Because of 1 & 2, each buyer and seller is a
“price taker” – takes the price as given.
The Revenue of a Competitive Firm
• Total revenue (TR)
• Average revenue (AR)
Qa Q 1 Qb
Q
MC and the Firm’s Supply Decision
If price rises to P2, then the profitmaximizing quantity rises to Q2.
Costs MC P2 MR2 MR
The MC curve determines the firm’s Q at any price. P1 Hence,
Introduction: A Scenario
• Three years after graduating, you run your own business. • You must decide how much to produce, what price to charge, how many workers to hire, etc. • What factors should affect these decisions?

MicroeconomicsCourse Code: 62216000Course Name: MicroeconomicsCourse Credit: 4 Course Duration: The Second SemesterTeaching Object: All Majors in Business SchoolPre-course:CalculusCourse Director: Zuo Feng Associate Professor Master of EconomicsCourse Introduction:Microeconomics is the basis course of Economics and Management Major. The Microeconomics including equilibrium price theory, consumer behavior theory, producer behavior theory, market structure theory, the determination of prices of production factors and income distribution, general equilibrium theory, welfare economics, as well as micro-economic policy and so on. The aim of course is to enable students to master the basic theory of microeconomics comprehensivly and systematicly , to enable students to analysis and solve the problem, and to lay a solid foundation for an in-depth understanding of other economic and management courses.Practical Activities:Courses is taught mainly through classroom teaching, and provide considerable after-school exercise to help students digest and correctly understand the content of classroom lectures.Course Examination:Students’ Final Scores = Scores of Ordinary Tests * 30% + Scores of the Final Exam * 70% Scores of ordinary tests vary according to students’performance in attendance, homework and practical activities.The final exam will be an close-book exam.Appointed Teaching Materials:[1]Gao HongYe. Economics (Microeconomics). Beijing: China Ren Min University Press ,2007,Fourth Edition.Bibliography:[1]Zhu ShanLi. Microeconomics. Beijing: Peking University Press ，2007, Third Edition.[2]zhang yuanpeng. Microeconomics .Beijing: Peking University Press ，China EconomyPress,2002.[3] R.S.Pindyck, D.L.Rubinfeld. Microeconomics .Beijing: China Ren Min University Press ,2006,Sixth Edition .[4] Paul Samuelson,William Nordhaus.Economics.Beijing:Post & Telecom Press，2008, Eighteenth Edition.。

微观经济学英文教材In the realm of economics, microeconomics stands as a foundational pillar, delving into the intricate interplay of individual decision-making, market forces, and resource allocation. As an indispensable tool for understanding the behavior of consumers, producers, and the dynamics of supply and demand, a comprehensive English textbook on microeconomics becomes an invaluable asset for students and scholars alike. This text aims to provide a comprehensive exploration of the core concepts, theoretical frameworks, and practical applications that shape the ever-evolving landscape of microeconomics.Drawing from a wealth of scholarly research and real-world examples, this textbook offers a multifaceted perspective on the decision-making processes of economic agents, shedding light on their motivations, constraints, and the consequences of their choices. It meticulously dissects the role of utility maximization in consumer behavior, unveiling the intricacies of indifference curves, budget constraints, and the intricate dance between preferences and resource allocation. Furthermore, it delves into the realm of production theory, examining the factors that influence firm behavior, cost minimization strategies, and the pursuit of profit maximization.The text also explores the intricate dynamics of market structures, from the idealized realms of perfect competition to the complexities of imperfect competition, monopolies, and oligopolies. It illuminates the mechanisms that govern pricing strategies, market entry and exit decisions, and the delicate balance between efficiency and equity. Additionally, it tackles the multifaceted dimensions of market failures, externalities, and the role of government intervention through policies and regulations.Moreover, this textbook embraces a global perspective, recognizing the interconnected nature of modern economies. It examines the intricate web of international trade, the impact of globalization on domestic markets, and the challenges posed by cross-border economic activities. By integrating theoretical concepts with empirical evidence and case studies, this text empowers readers to grasp the practical implications of microeconomic principles in diverse real-world contexts.Throughout its chapters, this English microeconomics textbook emphasizes the importance of critical thinking, quantitative analysis, and the application of mathematical models to facilitate decision-making processes. It equips readers with the analytical tools necessary to navigate the complexities of resource allocation, market equilibrium, and the intricate interplay between economic agents. Byfostering a deep understanding of microeconomic principles, this text empowers individuals to make informed decisions, evaluate public policies, and contribute to the ongoing discourse on economic efficiency and societal well-being.Ultimately, this comprehensive English textbook on microeconomics serves as an invaluable resource for students, educators, and professionals alike, offering a gateway to the fascinating world of individual decision-making, market dynamics, and the intricate tapestry of economic interactions that shape our modern world.。