1. |
Introduction: Relationship between civil engineering and economics |
Check the syllabus. |
90minutes |
2. |
Theory of Consumer Choice (1): Indifference curves, utility functions, and solutions to utility maximization problems |
Review partial derivative and total derivative. |
120minutes |
Review the exercises. |
60minutes |
3. |
Theory of Consumer Choice (2): Derivation of the demand function and method of lagrange multiplier |
Examine the Engel's law. |
90minutes |
Review the exercises. |
60minutes |
4. |
Theory of Consumer Choice (3): Problem exercises using the method of lagrange multiplier |
Review the exercises. |
90minutes |
Consider an example of the application of constrained extreme value problems to civil engineering. |
90minutes |
5. |
Theory of Firm behavior (1): Firm behavior and cost function |
Understand the relationship between supply curve and marginal cost curve. |
120minutes |
Understand the meaning and differences of various costs. |
90minutes |
6. |
Theory of Firm Behavior (2): Firm behavior and Production function |
Understand how to solve firm profit maximization problems. |
90minutes |
Review the exercises. |
60minutes |
7. |
Theory of Firm Behavior (3): Application of lagrange multiplier method to profit maximization problem |
Review the exercises. |
90minutes |
8. |
Surplus Analysis (1): Consumer surplus and producer surplus |
Review and understand the concept of surplus. |
60minutes |
Review the exercises. |
60minutes |
9. |
Surplus Analysis (2): Efficiency of market equilibrium |
Review and understand the first theorem of welfare economics. |
120minutes |
Consider the cases in which total surplus is not maximized. |
120minutes |
10. |
Surplus Analysis (3): efficiency and fairness |
Review and understand the second theorem of welfare economics. |
120minutes |
Consider the case of the trade-off between efficiency and fairness. |
120minutes |
11. |
Public Economics (1): Public goods, externalities, and market failure |
Consider examples of externalities. |
90minutes |
Review the exercises. |
60minutes |
12. |
Public Economics (2): Cost-benefit analysis and discounted present value |
Review and understand how to calculate discounted present value. |
120minutes |
Find out about the social discount rate. |
90minutes |
13. |
Public Economics (3): Introduction to practical examples of cost-benefit analysis |
Read the Ministry of Land, Infrastructure, Transport and Tourism "Cost Benefit Analysis Manual. " |
180minutes |
Review all the lectures. |
300minutes |
14. |
Final Examination and its Explanation |
Review the mistaken questions. |
150minutes |
Total. |
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2640minutes |