In the study, three different higher order finite element models (HOFEMs) are developed to perform the transient analysis of functionally graded (FG) microplates subjected to different dynamic loads, namely, sinusoidally distributed step and exponential blast loads. A normal and shear deformable plate theory with five unknowns is used to present displacement field and modified strain gradient theory is employed for small-scale effect. A rectangular four-noded element and Newmark's method is used to solve transient analysis of FG microplates. The effects of boundary condition, type of dynamic loading, thickness to material length parameter, aspect ratio, gradient index and CPU time are investigated. It is found that two of the HOFEMs developed based on the C1 and C2 continuity requirements produced almost same numerical results. However, the one with 36 unknows per element yields slightly different results than the others. The HOFEM satisfying the C1 continuity requirement consumes the minimum computational time.