SYLLABUS
FACULTY ECONOMIC AND BUSINESS
INTERNATIONAL PROGRAM FOR ISLAMIC ECONOMICS AND FINANCE (IPIEF)
1 Name of Course / Module Microeconomics I
2 Course Code EI6414
3 Credit Value 3
4 Objective
This course aims to enable the students to demonstrate in- depth knowledge of microeconomics theories and its basic concepts, as well as to synthesize those theoretical underpinnings with Islamic Economics.
5 Learning Outcomes
At the end of this course, students are expected to be able to:
a. Applying the economics theory and analysis to deal with the economic issues by using various alternative methods either quantitative or qualitative.
b. fully understand the basic concept of economics along with its applications in several fields including banking, monetary sector, finance, trade-industry, economics development, regional and institutional
c. communicating and presenting the related issues in economics in the more critical, logical and creative way as well as having the capability for taking right decision based on thorough analysis of data.
6 Synopsis
This course will discuss several basic concepts in Microeconomics, including: competition market, the relation between the state of bankruptcy and supply curve, monopoly, price discrimination, Islamic view on monopoly, oligopoly, cartel, decision-making theory, the adjustment of economic agent behavior.
7 References
Textbook:
1. Walter Nicholson, Microeconomic Theory, Basic Principles and Extensions, 9th Edition, Thomson, Soutwestern, 2004 (WN1)
2. Walter Nicholson, Intermediate Micoreconomics and
Its Application, 9th Edition, Thomson, Soutwestern, 2004 (WN2)
3. Pindyck Robert S dan Daniel L. Rubinfeld,
“Microeconomics”, Sixth Edition, Prentice Hall, 2005. (P&R)
4. Henderson, James M dan Quandt, “Microeconomic Theory: A Mathematical Approach”, McGraw-Hill, 1980
8 Lecturer Dr. Imamudin Yuliadi, M.Si
9 Correspondence
Director of Economics Department Room, E4 Building 2nd Floor
E-mail: [email protected] 10 Consultation time By appointment
11 Academic Evaluation
No Assessment Aspects Percentage
1
Knowledge 1
2 3 4
Competency test (CT) 1
CT 2 CT 3 CT 4
10
20 20 20
2
Intellectual and Practical skill
1 2 3
Paper Presentation Class participation
15 10 5
Total 100
COURSE OUTLINE Meeting Course Material
1 Course introduction and overview 2 Theory of competitive market
a. The characteristics of perfect competition market b. Long-term equilibrium
c. Short-term equilibrium of the firm d. Qur’anic verses on this issue 3 The state of bankruptcy and supply curve
a. The definition of bankruptcy and supply curve
b. The effect of tax on development and entrepreneurship
c. The effect of tax on determining entrepreneurship equilibrium 4 Competency Test 1
5 Monopoly
a. The characteristics and types of monopoly b. The equilibrium of monopoly
c. Determining the equilibrium point in the monopoly with many firms d. Qur’anic verses on monopoly
6 Monopoly and Price Discrimination
a. Monopoly and price discrimination: an overview b. Monopoly and government policy
c. Bilateral monopoly 7 Islamic view on Monopoly
a. Qur’anic verses and hadist
b. The views of Islamic scholars (Ulama’) 8 Competency Test II
9 Oligopoly
a. The characteristics of oligopoly
b. Determining the equilibrium point in duopoly c. Qur’anic verses on monopoly
10 Cartel
a. The objectives and its types
b. Determination of price and quantity c. Oligopoly with the dominant firm d. Oligopoly and the price maker firm 11 Monopolistic
a. The characteristics of monopolist b. Determination of equilibrium
c. Monopolistic competition with the competitive price d. Monopolistic competition with the new competitor 12 Competency Test III
13 Theory of decision-making
a. Decision-making amid the uncertainty b. Game theory
c. Application of game theory in many cases of economics and business 14 Adjustment of economic agent
a. Theory on selling maximization b. Average cost price policy 15 Price model
a. Price barriers to restrict the new competitors b. Absolute cost
c. Price barrier with quantity d. Managerial model
16 Competency Test IV
The Rules:
1. The students should collect the assignment without delay
2. In undertaking the work, students have to refer to microeconomics theory
3. The students are allowed to discuss with others in order to perform comprehensive analysis
4. Grading System
Grading and Weight Interval (%)
A A≥80
AB 75≤AB<80
B 65≤B<75
BC 60≤BC<65
C 50≤C<60
D 35≤D<50
E <35
