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BRP Mikroekonomi 2013

Buku Rancangan Pembelajaran (BRP)


ECON 10101
MICROECONOMICS 1
Credit: 3
Even Semester 2014/2015

Microeconomics-1 Classes - Thursday


No

Lecturers

Tutor

1.

Ebi Junaidi

2.

Femmy Roeslan

3.

Amalia Anis

4.

Maria Agriva/Sartika Djamaluddin

5.

Sita Wardhani

BRP Mikroekonomi 2013

Buku Rancangan Pembelajaran (BRP)

COURSE

Microeconomics1 (ECON 10101)

by

Rusan Nasrudin

Economics Study Progran


Faculty of Economics and Business
Universitas Indonesia
Depok,16 July 2013

BRP Mikroekonomi 2013

BRIEF CONTENTS

INTRODUCTION
CHAPTER

GENERAL INFORMATION

CHAPTER

LEARNING OBJECTIVE (COMPETENCY) OF THE

II

COURSE

1. Learning Objectives (Competencies)


2. Sub-Learning Objectives (Sub-Competencies)
3. Learning Objective Flowchart
CHAPTER
III

TOPIC AND REFERENCE

CHAPTER

LEARNING PHASE

13

ASSIGNMENT AND EXCERCISE DRAFT

19

CHAPTER
VI

LEARNING RESULTS EVALUATION

23

CHAPTER

ACTIVITY MATRIX

25

IV
CHAPTER
V

VII
APPENDIX EXAMPLES OF EVALUATION QUESTIONS

27

BRP Mikroekonomi 2013

INTRODUCTION
Gratitude to the Almighty God, with His permission we can complete the
Buku Rancangan Pembelajaran (BRP) for Microeconomics 1 course
which was compiled as a series of activities as well as AA Training
graduation requirement in 2013.
Gratitude to all facilitators and mentors who have provided facilitation
and fuidance so that BRP can be arranged according to the rules in the
framework of a standard preparation of BRP Competency-Based
Curriculum.
Hopefully this BRP can be a reference for the implementation of
optimum learning process of Microeconomics 1 course and can deliver
course participants along with the facilitator and the sources to achieve
the objective competencies which is when facing economic problems,
students are able to link the theoretical foundations of economics (micro)
with economic phenomena.

Depok,16 Juli 2013

Rusan Nasrudin

BRP Mikroekonomi 2013

CHAPTER I
GENERAL INFORMATION
1. Study Program

: Economics Undergraduate Program (regular)

2. Subject Tittle

: Microeconomics 1

3. Subject Code

: ECON 10101

4. Semester

: 3 or 4

5. Credit

:3

6. Learning Method

: CbL, E-Learning

7. Prerequisite for taking this subject are:

Introduction to Economics 1 (ECON 10100)

Introduction to Economics 2 (ECON 10200)

Mathemamatics for Economics and Business (ECON 11100)

8. This subject is a prerequisite for taking:

Industrial Economics (ECON 14100)

Public Sectors Economics (ECON 15100)

Natural Resources & Environmental Economics (ECON 16200)

Human Resources & Labor Economics (ECON 16100)

Microeconomics 2 (ECON 10102)

Industrial Economics & Regulation ()*

Public Finance ()*

Economics of Population ()*

Environmental Economics ()*

Agricultural Economics ()*

Ekonomi Syariah ()*

Microeconomics 1 (PPIE) ()*

Game Theory ()*

9. Integration between courses


:10. Subject Description: The subject provides deeper insights of the use of
microeconomics with several topics of discussion, such as: market and price
concept, consumer and producer behaviour, market structure, competitive
strategy, and general equilibrium. Microeconomics utilizes mathematical
approach more extensively while also incorporates the impact of time horizon

BRP Mikroekonomi 2013

on both managerial decision-making and public policy in the real context.


Therefore knowledge about elementary calculus andgraphic analysisare
needed in order keep up with this subject. This subject use CbL dan ELearning as its learning method.
Note: *new subject code.

BRP Mikroekonomi 2013

CHAPTER II
LEARNING OBJECTIVES (COMPETENCE)
SUBJECT
2.1 Terminal Learning Objectives (Competence):
After learning this subject, when facing economic problem, student will be able
toapply the basic theory of economics (micro) inthe economic phenomena (C3, A2).
2.2 Supporting Learning Objectives (Sub-competence):
2.2.1 Able to apply the concept of general equilibrium and economic efficiency in
the economic phenomena (C3, A2).
2.2.2 Able to apply the concept of monopoly and monopsony market in the
economic phenomena (C3, A2).
2.2.3 Able to apply the concept of pricing with market power in the economic
phenomena (C3, A2).
2.2.4 Able to apply the concept of monopolistic competition in the economic
phenomena (C3, A2).
2.2.5 Able to apply the concept of oligopoly competition in the economic
phenomena (C3, A2).
2.2.6 Able to apply game theory applications in a simple competition (C3, A2)
2.2.7 Able to apply the concept of market for factor inputs in the economic
phenomena (C3, A2).
2.2.8 Able to apply the concept of competitive markets analysis in the economic
phenomena (C3, A2).
2.2.9 Able to apply the concept of uncertainty and economic behaviour in the
economic phenomena (C3, A2).
2.2.10 Able to apply the concept of profit maximization in competitive market in the
economic phenomena (C3, A2).
2.2.11 Able to apply the concept of the basics of supply and demand in the economic
phenomena (C2, A2).
2.2.12 Able to explain the theory of demand curve derivation in the economic
phenomena (C2, A2).
2.2.13 Able to explain the production theory in the economic phenomena (C2, A2).
2.2.14 Able to explain the cost of production theory in the economic phenomena (C2,
A2).

BRP Mikroekonomi 2013

Learning Objectives Flowchart


2.1 Microeconomics 1 learning objectives (competence)

2.1

2.2.1

2.2.6

2.2.2

2.2.7

2.2.3

2.2.4

2.2.5

2.2.10

2.2.12

2.2.13

2.2.11

2.2.14

2.2.8

2.2.9

BRP Mikroekonomi 2013

CHAPTER III
TOPICS AND REFERENCES
A. Learning Objcetives/ Supporting Learning Objectives,Topics, Sub Topics, time
estimation, and References
Learning
Objectives
2.2.11

Topics
The Basics of
Supply and
Demand

Sub Topics

Market definition
Nominal and real price concept

Demand-supply curve definition

Market Equilibrium concept

Changes in market equilibrium

Elasticities
o Elasticity of demand
(Price Elasticity, Cross
Elasticity, and Income
Elasticity)

Time
Estimation

References

150
minutes

P1, P2, N1

150
minutes

P3, P4,
N2, N3

150
minutes

P5, N4

o Elastisitas of supply

2.2.12

Demand
Curve
Derivation

Market mechanism: effects of


government intervention

Two demand curve theories:


Marshallian and Hicksian
Individual demand analysis

o Utility function and


Indifference curve

2.2.9

Uncertainty
and Consumer
Behaviour

o Budget Line
o Consumption
Equilibrium
Income and substitution effects
Market Demand

Concept of random events and


probability

Utility Concept

3 typology of consumption in
uncertainty
Consumption strategy in

BRP Mikroekonomi 2013

2.2.13

Production

2.2.14

The Cost of
Production

2.2.10

2.2.8

Profit
Maximization
and
Competitive
Supply

The Analysis
of
Competitive
Markets

uncertainty: insurance,
diversification, and looking for
information
The technology of production
Productionin the short-run and
long-run
Short-term production function
Production measurement: total,
averageand marginal
Long-term production function
andisoquant curve
Return to scale
Costs in the short-run and longrun
Costs in the short-run
Costs measurement:
total,average dan marginal
Long-term production function
andisoquant curve
Long-term cost of production
functionandisocost curve
Economies to scaleand
economies of scope concept
Analysis of long-term
production equilibrium
o Output Maximization
o Cost Minimization
Short-term firm supply curve
derivation
Short-term industrial supply
curve derivation
Competitive market analysis
Consumer and producer surplus
Analysis of price intervention
impact on market
Tax and subsidy (specific& ad
valorem)
Quota
Base price

150
minutes

P6, N6

150
minutes

P7, N7

150
minutes

P8, N8

150
minutes

P9, N9

Mid-Exam
2.2.2

Monopoly and
Monopsony

Concept of Market power


Monopoly and Monopsony
market equilibrium: single
pricing

150
minutes

P10, N11

2.2.3

Pricing with

Price discrimination strategy

150

P11, N11

10

BRP Mikroekonomi 2013

Market Power

Analysis of monopoly efficiency

minutes

2.2.4

Monopolistic
Competition

30
minutes

P12, N12

2.2.5

Oligopoly

Analysis ofshort-run and longrun equilibrium in monopolistic


competition
Cournot model
Bertrand model and;
Stackelberg

120
minutes

P12, N12

2.2.6

Application of
Game Theory
in
Competition
Strate

Dominant strategy, Nash


equilibrium, and Maximin
strategy
Repeated game
Price war threat strategy
Strategic move

150
minutes

P13, N5,
N12

Markets for
Factor Inputs

Derived demand concept


Equilibrium in a competitive
factor market
Equilibrium in a noncompetitive factor market

150
minutes

P14, N13

General vs partial equilibrium


analysis
Pareto efficiency principle
Factor of production allocation
and MRT concept
Social satisfaction function
Allocation efficiency in general
equilibrium

150
minutes

P16, N10

2.2.7

2.2.1

General
Equilibrium
and Economic
Efficiency

Final Exam

11

BRP Mikroekonomi 2013

B. Reference

1.

Pyndick, R.S. (2009), Microeconomics 8th Ed. New Jersey: Pearson


Prentice Hall. (P). Online Resources can be access through
www.prenhall.com/pyndick

2.

Nicholson, W. (2005), Microeconomic Theory, Basic Principles and


Extensions 9th Ed. South Western: Thomson Co. (N)

12

BRP Mikroekonomi 2013

CHAPTER IV
LEARNING PHASE
Learning Phase)

Learning
Objectives

2.2.11

Tools

Orientation

Excercise

Feedback

(%)

(%)

(%)

[O1] Facilitator
explains the purpose of
learning and methods
of learning (CBL) with
SCeLE and inform
topic of the first
meeting, the basics of
supply and demand.

[L11] Students
discuss in a home
groupand focus
group questions
related to the
definition of the
market, demandsupply,
equilibrium
concept, shifting
and movement
along the curve,
elasticity, and
market

[U1] Informant
clarify
definitions and
concepts in
accordance with
standard market

(10%)

mechanism.(80%)

SCeLEproj
ector,
whiteboard
.

theory.

Students are
asked to register
at SCeLE and
access the next
meeting
discussion and
materials.
(10%)

2.2.12

[O2]Facilitators inform
the topic: derivation of
demand curves. (10%)

2.2.9

[O3] Facilitators
inform the
topic:uncertainty and

[L21]Students
discuss in home
groups and focus
groups questions
related to two
theoretical
demand cure, the
demand analysis ,
substitution effect
and income
effect, the market
demand. (80%)

[U1]Informant
clarify
definitions and
concepts
according to the
standard of
demand theory.

[L31] Students
discuss in a home
groupand focus

[U1] Informant
clarify
definitions and

13

CbL
questions
which are
available
on SceLE,
projector,
whiteboard
.

CbL
questions
qhich are

BRP Mikroekonomi 2013

consumer behavior
(10%)

group questions
related to the
utility concept,
typology related
to risk, insurance
concept,
diversification
and looking for
information.

concepts
according to the
standard of
uncertainty
theory. (10%)

available
on SCeLE,
projector,
whiteboard
.

[U4] Informant
clarify
definitions and
concepts
according to
standard of
production

CbL
questions
qhich are
available
on SCeLE,
projector,
whiteboard

theory. (10%)

[U5] Informant
clarify
definitions and
concepts
according to
standard of the
cost of
production.

CbL
questions
qhich are
available
on SCeLE,
projector,
whiteboard
.

(80%)
2.2.13

[O4] Facilitators inform


the topic:production
theory. (10%)

[L41] Students
discuss in a home
groupand focus
group questions
related to the
production
function (shortrun and long-run)
production
measures,
analysis of
production with
two inputs, return
to scale input
(80%)

2.2.14

[O5] Facilitators inform


the topic:the cost of
production. (10%)

[L51] Students
discuss in a home
groupand focus
group questions
related to the
production cost in
the short-run and
long-run, cost
measure, isocost,
economies of
scale and scope
concept,
maximization
concept, cost

14

(10%)

BRP Mikroekonomi 2013

minimization.
(80%)
2.2.10

[O6] Facilitators inform


the topic:profit
maximization in
competitive market.
(10%)

2.2.8

[O7] Facilitators inform


the topic:competitive
market analysis. (10%)

[L61] Students
discuss in a home
groupand focus
group questions
related to the
deriving firms
and industry
supply curve a
dan industri,
competitive
market analysis
(80%)

[U6] Informant
clarify
definitions and
concepts
according to
standard of
maximixing
profit
theory(10%)

CbL
questions
qhich are
available
on SCeLE,
projector,
whiteboard

[L71]Mahasiswa
mendiskusikan
dalam home
group dan focus
grup pertanyaanpertanyaan terkait
konsep surplus
konsumen dan
produsen, dampak
intervensi
pemerintah.

[U7] Informant
clarify
definitions and
concepts
according to
standard of
competitive
market analysis

CbL
questions
qhich are
available
on SCeLE,
projector,
whiteboard
.

theory. (10%)

(80%)
2.2.2

[O8] Facilitators inform


the topic:monopoly and
monopsony(10%)

[L81] Students
discuss in a home
groupand focus
group questions
related to the
market power,
monopoly and
monopsony
market
equilibrium
especially single

[U8] Informant
clarify
definitions and
concepts
according to
standard of
monopoly and
monopsony

CbL
questions
qhich are
available
on SCeLE,
projector,
whiteboard
.

theory(10%)

pricing(80%)
2.2.3

[O9] Facilitators inform

[L91] Students

15

[U9] Informant

CbL

BRP Mikroekonomi 2013

the topic:monopoly
with differentiated
price(10%)

2.2.4

[O10] Facilitators
inform the
topic:monopolistic
competition and
oligopoly (10%)

discuss in a home
groupand focus
group questions
related to the
price strategy
with
discrimination
and monopoly

clarify
definitions and
concepts
according to
standard of
differentiated
price and social
cost of

efficiency. (80%)

monopoly(10%)

[L101] Students
discuss in a home
groupand focus
group questions
related to the
short-run and
long-run
equilibrium in
monopolistic
competition.

[U10] Informant
clarify
definitions and
concepts
according to
standard of
monopolistic
competition
theory(10%)

CbL
questions
qhich are
available
on SCeLE,
projector,
whiteboard

[U11] Informant
clarify
definitions and
concepts
according to
standard of
oligopoly

CbL
questions
qhich are
available
on SCeLE,
projector,
whiteboard

theory(10%)

[U12] Informant
clarify
definitions and
concepts
according to
standard of
game theory of

CbL
questions
qhich are
available
on SCeLE,
projector,
whiteboard

questions
qhich are
available
on SCeLE,
projector,
whiteboard
.

(80%)
2.2.5

[O11] Facilitators
inform the
topic:oligopoly. (10%)

[L111] Students
discuss in a home
groupand focus
group questions
related to the
oligopoly
competition,
Cournot,
Bertrand, and
Stackelberg.
(80%)

2.2.6

[O12] Facilitators
inform the topic:game
theory application in
competition strategy.
(10%)

[L121] Students
discuss in a home
groupand focus
group questions
related to the
dominant
strategy, Nash

16

BRP Mikroekonomi 2013

equilibrium,
Maximin strategy,
repeated game,
price war threat
strategy, and
strategic move.

competition

strategy(10%)

(80%)
2.2.7

[O13] Facilitators
inform the topic:labor
market. (10%)

[L131] Students
discuss in a home
groupand focus
group questions
related to the
derived demand,
labor market
equilibrium
(competitive or
noncompetitive)

[U13] Informant
clarify
definitions and
concepts
according to
standard of labor
market

CbL
questions
qhich are
available
on SCeLE,
projector,
whiteboard

theory(10%)

[U14] Informant
clarify
definitions and
concepts
according to
standard of
general
equilibrium

CbL
questions
qhich are
available
on SCeLE,
projector,
whiteboard

(80%)
2.2.1

[O14] Facilitators
inform the
topic:general
equilibrium and market
efficiencies(10%)

[L141] Students
discuss in a home
groupand focus
group questions
related to the
general
equilibrium,
Pareto efficiency,
factor allocation,
MRT
concept,social
utility function,
and allocation
efficiency in
general
equilibrium.
(80%)

17

theory. (10%)

BRP Mikroekonomi 2013

CHAPTER V
ASSIGNMENT AND EXCERCISE DRAFT
A. Assignment Objective (Expected Learning Objective)
After completing the course, when they face economic problem, students are able
to apply basic economic theory (microeconomic) with economic pehenomenon
(C3, A2).
List of Assignment

Learning
Objectives
2.2.11

Topic2)
The Basics
of Demand
and Supplu

Techinique
of Work3)

Scope
[L12]Calculating
nominal and real
prices,
equilibrium
output and price,
price elasticity,
cross-price and
income elasticity,
the impact of
government
interventions on
equilibrium price

Time
Limit

Assignments
Outcomes4)

Group

1 Week

Problem
Solution
Answer.

[L22]Calculate
the equilibrium
individual
consumption
using the model
of choice

Group

1 Week

Problem
Solution

[L32]Calculate
the individual
decisions in

Group

and output prices.


2.1.12

Deriving
Demand
Curve

2.2.9

Uncertainty
and
Consumer

Answer.

18

1 Week

Problem
Solution

BRP Mikroekonomi 2013

Learning

Topic2)

Scope

Objectives

Techinique

Time

Assignments

3)

Limit

Outcomes4)

of Work
Behavious

uncertainty
(example; work

Answer.

place choice).
2.2.13

Production
Theory

[L42]Calculate
and draw the
marginal
production and
average

Group

1 Week

Problem
Solution
Answer.

production curve.
2.2.14

Cost Theory

[L52]Calculate
and draw the
marginal cost and
average cost

Group

1 Week

Problem
Solution
Answer.

curve.
2.2.7

Profit
Maximizati
on
Competitive
Market

[L62]Calculate
the profit
maximization
with one control

Group

1 Week

Problem
Solution
Answer.

variable (q)

Assumption
2.2.8

2.2.2

Competitive
Market

[L72]Calculate
changes in price

Analysis

and output

Monopoly
and

[L82]Calculate
the equilibrium in
monopoly and
monopsony single

Monopsony

Group

1 Week

Problem
Solution
Answer.

Group

1 Week

Problem
Solution
Answer.

price case
2.2.3

Price
Strategy
with Market
Power

[L92]Calculate
Group
the difference
between
monopolist profit
with perfect price
discrimination
strategy and
single vs. two part

19

1 Week

Problem
Solution
Answer.

BRP Mikroekonomi 2013

Learning

Topic2)

Scope

Objectives

Techinique

Time

Assignments

3)

Limit

Outcomes4)

of Work
tariff pricing with
the assumption of
constant marginal
cost.

2.2.3

Monopolisti
c
Competition

[L102]Drawing
short-term and
long-term
monopolistic
competition
curve.

Group

1 Week

Problem
Solution
Answer.

2.2.4

Oligopoly

[L112]Calculate
the price
equilibrium on
the Cournot
model, Bertrand,

Group

1 Week

Problem
Solution

Market

Answer.

and Stackelberg.
2.2.6

Game
Theory
Application
in
Competition
Strategy

2.2.7

Labor
Market

[L122]Calculate
the Nash
equilibrium point
with a dominant
strategy, calculate
theprioners'
dilemma payoff
comparison
between one vs.
repeated game

Group

[L132]Calculate
the optimal
number of
workers in a
company with the
production
function
information,
output price and

Group

wage levels

20

1 Week

Problem
Solution
Answer.

1 Week

Problem
Solution
Answer.

BRP Mikroekonomi 2013

Learning

Topic2)

Scope

Objectives
2.2.1

Techinique

Time

Assignments

3)

Limit

Outcomes4)

of Work
General
Equilibrium
and Market
Efficiencies

[L142]Calculate
the equilibrium of
production and
the relative price

Group

1 Week

Problem
Solution
Answer.

of sector 2 x 2

B. Assessment Criteria
Answers or problem solution assessed by a score of 0-100 in proportion of the
components according to the calculation.

21

BRP Mikroekonomi 2013

CHAPTER VI
LEARNING RESULTS EVALUATION
1. Final Evaluation
Form

Instrument

Group Presentation
Group practice quiz
Mid-Exam
Final-Exam

Frequency

(%)

Assessment form
Test
Exam

14
14
1

20
20
30

Exam

30

Total

100

2. Assesment
Learning
Objective/
Supporting
Learning
Objectives
2.1

Domains and levels

Assessment
Type

Key Success
Factors

VI. C 3

E: Individual
written exam
(Midand Final
Exam)

2.2.1-2.2.14

VI. C 2, C3

O: peer
evaluation in
presentation

2.2.1-2.2.14

VI. C 2

E: Group
practice quiz

[I1]Students are
able to linkthe
basic
microeconomic
theory with
economic
problems tested
[I2]Students are
assessed capable
by their
colleagues in
applying or
explaining basic
microeconomic
theory
[I3]Students are
able to complete
the mathematical
calculations
related in the
quiz that are
related to
microeconomic
theory

22

BRP Mikroekonomi 2013

Note :
Assessment type
E : Essay
3. Assessment Criteria
The passing grade on each competency and sub-competency is 56 (fifty six),
with a rating scale in accordance with the rules of the UI (SIAK-NG), in this
case:
Score

Minimum

Maximum

85

100

A-

80

85

B+

75

80

70

75

B-

65

70

C+

60

65

55

60

C-

50

55

40

50

40

23

BRP Mikroekonomi 2013

CHAPTER VII
ACTIVITY MATRIX
We
ek

Learning
Objectives /
SubLearning
Objectives1)

Tools
Learning Phase

Topic / Sub-Topic

O
(%)

L
(%)

U
(%)

1 2.2.11

O1

L11
L12

U1

The Basics of Demand and Supply

2 2.2.12

O2

L21
L22

U2

Derivation of Demand Curve

3 2.2.9

O3

L31

U3

Uncertainty and Consumer


Behaviour

L32
4 2.2.13

O4

L41
L42

U4

Production Theory
Cost of Production Theory

5 2.2.14

6 2.2.10

O5

O6

L51
L52
L61
L62

U5

U6

Profit Maximization Concept with


The Assumption of Competitive
Market

24

Class
discussion
SCeLE
Class
discussion
SCeLE
Class
discussion
SCeLE
Class
discussion
SCeLE
Class
discussion
SCeLE
Class
discussion
SCeLE

Scope and
Level

Assessmen
t Criteria
(Competen
cies)

Person in Charge

C2, C3
C1

I1, I2
I3

Facilitator, informant

C2, C3
C1

I1, I2
I3

Facilitator, informant

C2, C3

I1, I2

Facilitator, informant

C1

I3

C2, C3
C1

I1, I2
I3

Facilitator, informant

C2, C3
C1

I1, I2
I3

Facilitator, informant

C2, C3
C1

I1, I2
I3

Facilitator, informant

BRP Mikroekonomi 2013

Competitive Market Analysis


7 2.2.8

O7

L71
L72

U7
Monopoly and Monopsony

8 2.2.2

O8

L81
L82

U8
Price Strategy with Market Power

9 2.2.3

10 2.2.4

O9

O10

2.2.5
11 2.2.5

12 2.2.6

13 2.2.7

O11

O12

O13

L91
L92
L10
1,
L11
1
L10
2,
L11
2
L11
1
L11
2
L12
1
L12
2
L13
1
L13
2

U9

Class
discussion
SCeLE
Class
discussion
SCeLE
Class
discussion
SCeLE

C2, C3
C1

I1, I2
I3

Facilitator, informant

C2, C3
C1

I1, I2
I3

Facilitator, informant

C2, C3
C1

I1, I2
I3

Facilitator, informant

C2, C3

I1, I2

Facilitator, informant

SCeLE
Class
discussion

C1

I3

C2, C3

I1, I2

SCeLE
Class
discussion

C1

I3

C2, C3

I1, I2

SCeLE
Class
discussion

C1

I3

C2, C3

I1, I2

SCeLE

C1

I3

Monopolistic Competition and


Oligopoly
Class
discussion

U10

Oligopoly Market Competition


U11

U12

Game Theory Application in


Competition Strategy

Labour Market
U13

25

Facilitator, informant

Facilitator, informant

Facilitator, informant

BRP Mikroekonomi 2013

14 2.2.1

O14

L14
1
L14
2

U14

General Equilibrium and Market


Efficiency

26

Class
discussion

C2, C3

I1, I2

SCeLE

C1

I3

Facilitator, informant

BRP Mikroekonomi 2013

Appendix
A. Examples of Trigger Excercise L11
Learning Objectives / Sub-Learning Objectives:
2.2.11 Able to describe the basics of demand and supply on economic phenomena(C2,
A2).
Topic
The order of topics for focus group (FG):
1.
2.
3.
4.

Market definition
The concept of supply and demand
Market equilibrium
The concept of elasticity

5. Market mechanisms

Learning Methods
Collaborative Learning-Jigsaw Method

30-minute FG (focus group)

60 minutes HG (home group)


45 minute presentation

15 minutes clarifications sources

Group Assignment
Discuss in the Group, prepare presentation materials and present the results

27

BRP Mikroekonomi 2013

B. Example Problem L12 exercise


Discuss and complete the following questions in the Group and upload the Group
answers to SCeLE by file name L12_ [no group] no later than xx-xx-xxx at xx: xx.
Facilitators and informants questions are available in a forum about the L12.
1. Long distance price or tariff dropped from 40 cents in 1996 to 22 cents per minute in
1999. Inflation during this period increased by 10%. Assuming 1996 is the base
year, calculate the real price changes in this period.
2. Refer to example 2.9 on page 54 (P2), prove that:
a. In the short run, the demand and supply curve and is
D 33.6 0.020P
S C 18.05 0.012P.

b. In the long run, the demand and supply curve is


D 41.6 0.120P
S C 13.3 0.071P.

3. Refer to example 2.10on page 59 (P2), prove that if the price of oil (O) is $ 50, the
price of natural gas (G) will be $ 6.40 if oil demand and supply curves are
Supply: Q 15.90 0.72PG 0.05PO
Demand: Q 0.02 1.8PG 0.69PO

28

BRP Mikroekonomi 2013

Peer Evaluation Spreadsheet (PE)


Instruction:
Give a score of 1-5 where 5 is the highest score and 1 is the lowest rating.
Group/ Title: ___________________________________________________
Group Member:
1.
2.
3.
4.
5.
6.

Catatan: assessment is based on eachindividual'sperformance in the team, not in daily life. Total max.
value of PE is 20.

Assessment Aspect

1. Critical Thinking
Logical Thinking
Curiosity
2. Communicating Idea
Describing / Presenting
AnsweringQuestion
3. GatheringInformation
CollectingInformation
Processing RelevantInformation
4. Teamwork
Total Score

29

Member Number
3
4

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