Facultatea de Științe Economice și Gestiunea Afacerilor Str. Teodor Mihali nr. 58-60 Cluj-Napoca, RO-400951 Tel.: 0264-41.86.52-5 Fax: 0264-41.25.70 econ@econ.ubbcluj.ro www.econ.ubbcluj.ro DETAILED SYLLABUS Microeconomics 1. Information about the study program 1.1 University 1.2 Faculty 1.3 Department 1.4 Field of study 1.5 Program level (bachelor or master) Babes Bolyai University Faculty of Economics and Business Administration Economics Finance Bachelor 1.6 Study program / Qualification Finance and Banking 2. Information about the subject 2.1 Subject title MICROECONOMICS 2.2 Course activities professor Senior lecturer Octavian Jula, PhD 2.3 Seminar activities professor Senior lecturer Octavian Jula, PhD 2.4 Year of study 1 2.5 Semester 1 2.6 Type of assessment E 2.7 Subject regime C 3. Total estimated time (teaching hours per semester) 3.1 Number of hours per week 4 out of which: 3.2 course 2 3.3 seminar/laboratory 3.4 Total number of hours in the 56 out of which: 3.5 course 28 3.6 seminar/laboratory curriculum Time distribution Study based on textbook, course support, references and notes Additional documentation in the library, through specialized databases and field activities Preparing seminars/laboratories, essays, portfolios and reports Tutoring Assessment (examinations) Others activities ................................... 3.7 Total hours for individual study 94 3.8 Total hours per semester 150 3.9 Number of credits 6 2 28 Hours 36 24 28 2 4 0 4. Preconditions (if necessary) 4.1 Curriculum 4.2 Skills Not necessary Not necessary 5. Conditions (if necessary) 5.1. For course development 5.2. For seminar / laboratory development Students will have the mobile phones switched off Delay is not acceptable Students will have the mobile phones switched off Delay is not acceptable 1 NOTE: This document represents an informal translation performed by the faculty. 6. Acquired specific competences Professional competences Transversal competences Adequate usage of fundamental concepts of economic theory and methods specific to the field Acquiring, analisys and usage of economic datas in companies and other types of organizations Fundamentals and solution proposals for economic problems Economic material and monetary flows operationalizations and evaluating economic phenomenon Identifying and specifying the risk types and their implications in initializing and solving economic activities Operationalizing the elements of analisys of public sector budgets The adequate usage of concepts, methods and financial instruments in private and public entities Acquiring, analisys and interpreting economic datas and informations regarding financialeconomic problems Acquiring, analisys and interpreting economic and environmental datas regarding concepts, theories and specific methods Providing economic, financial and accounting studies in organizations Identifying, analisys and gestions of elements that are defining of internal and external environment by usig SWOT analisys Providing strategies and policies of organizations Using data bases, informations and knowledge in applying methods, techniques and managerial procedures Realizing activity in trade, tourism and services Selling products/services Managing relations with customers and suppliers Managing and allocation of material and financial resources Assuring quality in trade, tourism and services Assistance in management of human resources Statistic date analisys, interpretation and modifying Statistic research knowledge Usage of statistical and econometric sofware for economic and social research Statistical analisys of socio-economic phenomenon Forecasting socio-economic phenomenon Econometric and statistical modelling of socio-economic phenomenon Providing financial statements, sintetic documents, reporting towards different institutions together with analisys, sintesys, forecast and economic valuations Management assistance in decisional process Acquiring, understanding, analisys and usage of concepts, theories, principles and fundamental methods of investigations of market economy Applying principles, norms and professional ethic value within riguros work strategy, efficient and responsible Identyfing roles and responsibilities within multispecialized team and applying relational techniques and work efficiency Knowledge, understanding, analisys and usage of concepts, theories, principles and fundamental methods of investigations of specific market economy Identyfing long life learning opportunities and efficient valuating of learning techniques and resources for selfdevelopment(ECTS) Supplimentary competence regarding knowledge and applying principles and general theories of market economy (SPE) Knowledge, explaining and interpreting ideas, processes, phenomenon and tendencies specifico f economic activities and value argumentative of micro and macroeconomics (CIG) The ability of teaching to individuals from highschools linked with economics 2 NOTE: This document represents an informal translation performed by the faculty. 7. Subject objectives (arising from the acquired specific competences) 7.1 Subject’s general objective The students should acquire knowledge regarding fundamentals of microeconomics. Presenting the market economy system of functioning 7.2 Specific objectives To acquire corectly the concepts and fundamental cathegories of microeconomics To identify the main links between economic phenomenon and processes, the aim and their nature To develop analitique abilities To develop argumentative abilities 8. Contents 8.1 Course The object and the method of Economics Economic Activity Merchandise Economics Economic Utility Rational consumers choice Theory of demand Producers behaviour Theory of costs Profit Supply theory Perfect competition market Monopoly market Imperfect competition market The company References: Teaching methods Observations Participatory lecture Participatory lecture Participatory lecture Participatory lecture Participatory lecture Participatory lecture Participatory lecture Participatory lecture Participatory lecture Participatory lecture Participatory lecture Participatory lecture Participatory lecture Participatory lecture Compulsory: 1. Paul Krugman, Microeconomics, ISBN-10: 1429283424, 2012 2. Robert Pindyck and Daniel Rubinfeld, Microeconomics with NEW MyEconLab with Pearson eText -Access Card Package (8th Edition), ISBN-10: 0132951509, 2012 3. N. Gregory Mankiw, Principles of Microeconomics, ISBN-10: 0538453044, 2011 4. Jeffrey M. Perloff, Microeconomics: Theory and Applications with Calculus, 2nd Edition, ISBN10: 0138008477, 2010 5. R. Glenn Hubbard and Anthony P. O'Brien, Microeconomics (4th Edition) (The Pearson Series in Economics), ISBN-10: 0132911981, 2012 6. Stockman, Alan C., Economics, The Dryden Press, Rochester, 1996; 7. Paul Cocioc (coord.), Microeconomie, Ed. Risoprint, Cluj-Napoca, 2013; 8. Colander, David C., Economics, Fifth Edition, Irwin McGraw-Hill Inc., Boston, 2006; 9. Colander, David C., Microeconomics, Eight Edition, Irwin McGraw-Hill Inc., Boston, 2009; 10. Campbell, R., Connell, Mc., Brue, Stanley L., Economics, Thirteen Edition, McGraw-Hill Inc., 1996; Selective: 1. Albert, Michel, Capitalism contra capitalism, Bucureşti, Humanias, 1996. 2. Angelescu Coralia (coord.), Economie, Ed. Economică, Bucureşti, 2000. 3. Braudel, Fernand, Jocurile schimbului, Ed. Meridiane, Bucureşti, 1995. 4. Galbraith, J.K., Ştiinţa economică şi interesul public, Ed. Politică, Bucureşti, 1982, pag.110-114; 5. Lipsey R., Chrystal, K Alec, Economia pozitivă, Ed. Economică, Bucureşti, 1999. 6. Nicholson, Walter, Microeconomic Theory, Ed. A VI-a, Dryaden Press, 1995. 7. Popescu, Gheorghe, Evoluţia gândirii economice, Ed.George Bariţiu, Cluj – Napoca, 2000. 8. Samuelson, P.; Nordhaus, W.D., Economie politică, Ed. Teora, Bucureşti, 2000. 9. Smith, Adam, Avuţianaţiunilor, vol.1, EdituraAcademiei RPR, Bucureşti, 1962. Observatio 8.2 Seminar/laboratory Teaching methods ns The object and the method of the economics. History of economic Exercise, demonstration, sample thought 3 NOTE: This document represents an informal translation performed by the faculty. The law character of the economics Exercise, demonstration, sample Resources and rationality. Production posibilities frontier function Exercise, demonstration, sample Economic systems. The market economy Exercise, demonstration, sample Theories of utility. Theories of value Exercise, demonstration, sample Consumer behaviour Exercise, demonstration, sample Income and substition effect. The elasticity of the demand Exercise, demonstration, sample Production functions. Productivity of inputs Exercise, demonstration, sample The producer optimum. The elasticity of the supply Exercise, demonstration, sample Cost of production. Profit Exercise, demonstration, sample Perfect competition market. Monopoly market. Maximizing profit. Exercise, demonstration, sample Inadequate allocation of resources. Natural monopoly rule of law. Exercise, demonstration, sample Monopsonic competition and bilateral monopoly. Imperfect competition markets. Duopoly. Exercise, demonstration, sample References: 1. Cocioc Paul (coord.), Microeconomie, Ed. Risoprint, Cluj-Napoca, 2013; 2. Cocioc, P., Jula, O., Microeconomie. Abordări teoretice şi practice, Ed. Risoprint, ClujNapoca, 2012. 9. Corroboration / validation of the subject’s content in relation to the expectations coming from representatives of the epistemic community, of the professional associations and of the representative employers in the program’s field. This subject is included in the certification offered by the Association of Chartered Certified Accountants (ACCA); 10. Assessment (examination) Type of activity 10.1 Assessment criteria 10.2 Assessment methods 10.4 Course Full and correct acquire of tought theories; Logic coherence The degree of specific language acquired The adequate usage of concepts, methods and procedures The atittude aspects: seriozity, interest for individual study Final written exam in the exam session Semestrial test (partial exam taken into account if the grade is above 5) 10.5 The degree of acquiring speciality language; Seminar/laboratory The capacity of correct usage of concepts, method and procedures The ability of delivering theory in practice The atittude aspects: seriozity, interest for individual study Final written exam in the exam session Semestrial test (partial exam taken into account if the grade is above 5) Written test (min 2) Active seminars, themes, projects 10.3 Weight in the final grade 20/30% 20/10% 20/30% 20/10% 10% 10% 10.6 Minimum performance standard • It is necessary to obtain a minimum grade of 5 (five) in order to pass this subject; • The grades being granted are between 1 (one) and 10 (ten); • Students must approach each element (question, problem) within the exam sheet; • The exam is written and takes approximately 120 minutes; • Correct learning of basic theoretical knowledge and solving simple cases. Date of completion 04.02.2015 Signature of the course holder Senior lecturer Octavian Jula, PhD Approval date by department 06.02.2015 Signature of seminar holder Senior lecturer Octavian Jula, PhD Signature of the Head of the Department Senior lecturer Elena-Dana BAKO, PhD 4 NOTE: This document represents an informal translation performed by the faculty.