Course ID: SH17020111047EUC01
Discipline: Economics/Western Economics
Registration recommendations: International undergraduate students
Prerequisites: None
Lecture Hours & Credits: 45 leture hours/3 credits
Project year: 2013

School of International Economics and Trade


Associate Prof. Li Xue Associate Professor Lixue receives Ph.D. in Economics in 2006 in Shanghai University of Finance and Economics. She has published more than 10 academic papers in peered review journals and 3 books (one as the individual author) in China. She visited University of Alberta to attend Advanced Professional Development Program for International Academic Staff for 3 months in 2012, and Visited Loughborough University from November 2013 to November 2014. She teaches in English for domestic and foreign undergraduate students.


Microeconomics has attracted much international attention. This course aims to provide international students with an understanding of how the economy uses our limited resources to obtain the maximum satisfaction possible for society.


Microeconomics is a branch of economics that studies the behavior of individual households and firms in making decisions on the allocation of limited resources. Microeconomics examines how these decisions and behaviors affect the supply and demand for goods and services, which determines prices, and how prices, in turn, determine the quantity supplied and quantity demanded of goods and services. Module 1 Introduction Module 2 The market forces of supply and demand Module 3 Elasticity and its application Module 4 Supply, demand and government policies Module 5 Consumers, producers and the efficiency of markets Module 6 The costs of production Module 7 Firms in competitive markets

Textbooks and Reference Books

N. Gregory Mankiw, Principles of Microeconomics, Cengage Learning, 2014. N. Gregory Mankiw, Study Guide for Mankiw's Principles of Microeconomics, Cengage Learning, Ruffin, Roy J.; and Paul R. Gregory. Principles of Microeconomics. Addison Wesley, 7th Edition: 2000. Varian, Hal R. Intermediate Microeconomics: A Modern Approach. W. W. Norton & Company, 8th Edition: 2009.

Relatived Courses

Public Finance

Chinas Reform and Opening-up

International Settlement