01. SI2021 WIS1 DPB10013 PPT C1 INTRO TO MICRO

DPB10013

MICROECONOMICS

SESI 1/2021

PENSYARAH : PUAN ROZILA BINTI HASSAN
PHONE : 0193862806
EMAIL : [email protected]
IG : rozila_hassan71
FB : Rozila Hassan

COURSE OUTLINE of DPB10013

Course outline of DPB10013

CHAPTER 01

At the end of this lecturer, student should be able to:

Introduction to Microeconomics

01 a. Define microeconomics
b. Study fields of economics: microeconomics vs macroeconomics

Economics problems

02 a. Three basic economics problems
b. The concepts of economics problem

World economy system

03 a. The characteristics of world economic system
b. The advantages & disadvantages of each world economics
c. How the world economics system solve basic economics problem

PRE TEST CHAPTER 01



DEFINITION OF MICROECONOMICS

1. Is the study of small economic
units, i.e individual and firms.

2. The focus of microeconomic studies oF
price theory is how economic
agents such as individuals, households, firms
and producers make economics decision to
achieve their respective goals.

3. Microeconomics also discusses how the prices
of goods and factors of production, wages,
rents, and interest rates are determined.



MICRO vs MACRO

• Income
• Labor
• Decision
• Price
• DD/SS goods

Three basic
economics problem

• What & how much to produce
• How to produce
• For whom to produce



The concepts of
economic problem

• Scarcity
• Choice
• Opportunity cost