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Dr. Ebrahim Karbassioon

SYLLABUS
Economics 2802: Principles of Microeconomics

Dr. Ebrahim Karbassioon
Coleman Hall 2371 (214B)
Office Hours: 9:30-10:30 MTWRF, and by appointment.

1. TEXTBOOK:

O’Sullivan/Sheffrin, Economics: Principles and Tools
Chapters Covered: 1, 2, 4-12
Time Permitting: 13, 14, 19 and 32

2. COURSE OBJECTIVE: This course provides a broad spectrum of economics of the firm and resource allocation. Throughout the course, emphasis will be placed upon the social implications of the various market structures. What is the significance of each market structure for price and output levels, resource allocation, and technological progress? Furthermore, the course offers a survey of international trade and finance.

3. COURSE OUTLINE:

Part 1: Introduction to Economics (Review of ECN 2801)
 

Introduction
Production Possibilities and Opportunity Costs
Demand and Supply

Part 2: Introduction to the Market System
 

Elasticity of Demand and Supply
Market Efficiency
Consumer Choice

Part 3: Market Structures and Pricing
 

Costs of production
Perfect Competition
Monopoly
Oligopoly
Regulation, Deregulation, and Antitrust

Part 4: Resource Markets
 

Labor Markets and Wage Determination
Monopsony and Labor Market
Capital, Interest, Entrepreneurial Ability and Profit

4. EXAMINATION AND GRADING SCALES: There will be:

Four Exams (100 points-20 each)
Quizzes ( 75 points-15%)
A two-page typed double spaced research paper (25 points-5%)

Exam Dates:

EXAM 1:
 Friday, May 23
EXAM 2:
Friday, May 30
EXAM 3:
Friday, June 6
FINAL :
Friday, June 12

Paper:

Topic and Outline Due: Thursday, May 27
Paper Due: Monday, June 2
Presentations begin: Tuesday, June 3

Grading Scales:

A 90-100
B 80- 89
C 70- 79
D 60- 69
F 59 and below

ATTENDANCE POLICY: Students are required to attend classes. One unexcused absence will be allowed. For each additional unexcused absence 25 points will be deducted from the total points.

NOTE: If you have a documented disability and wish to discuss academic accommodations, please contact me as soon as possible.

 
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Questions may be directed to the Economics Department.
E-mail: economic@io.cts.eiu.edu, phone: (217) 581-2719

Last updated: February 7, 2004