Fall 2016
ECN 2802G sections 002 and 003
Dr. Dao
Principles of Microeconomics
3 credit hours
Office: Coleman 2871
Office Hours: 12:30-2:00 MW;
10:50-11:20 TR
COURSE DESCRIPTION: An exploration of consumer behavior, of how firms decide upon profit-maximizing price and output rates under various market conditions, and of the labor and capital markets.
LEARNING GOALS: Upon satisfactory completion of this course, students will:
a)
demonstrate an understanding of the theories,
tools, and methods of economic analysis,
b)
apply economic principles in the analysis of
economic problems and policies,
c)
identify the major economic institutions and
describe their operation and interrelationships,
d)
analyze those aspects of human behavior,
both individual and social, through which the
economic problem is addressed, and
e)
describe the different economic systems into
which societies organize themselves to deal
with the economic problem
TEXT: Colander, Microeconomics,
8th edition, McGraw-Hill Irwin.
EXAM: Three exams and a Final Exam
consist of objective questions.
EXAM SCHEDULE:
First during the 4th week of classes (Sep. 12-16, 2016)
Second during the 8th week of classes (Oct. 10-14, 2016)
Third during the 12th week of classes (Nov. 7-11, 2016)
Final on Wednesday, Dec. 14, 2016 at 2:45 p.m.
QUIZZES: 12 quizzes @ 5 points each.
There are no make-up quizzes.
COURSE GRADE BREAKDOWN:
First Exam: 20%
Second Exam: 25%
Third Exam: 25%
Quizzes: 10%
Final: 20%
CLASS ATTENDANCE:
Students are expected to attend class. Three unexcused absences may affect
final grade in borderline cases. Two late
arrivals will count as one unexcused absence unless I am notified ahead of
time.
NOTE: If you have a documented
disability and wish to receive academic accommodations, please
You are expected to maintain principles of academic integrity and conduct as defined in EIU's Code of Conduct (http://www.eiu.edu/judicial/studentconductcode.php). Violations will be reported to the Office of Student Standards.
Those of you who are having difficulty achieving their academic goals are encouraged to contact the Student Success Center (www.eiu.edu/~success) for assistance with time management, test taking, note taking, avoiding procrastination, setting goals, and other skills to support academic achievement. The Student Success Center provides individualized consultations. To make an appointment, call 217-581-6696, or go to 9th Street Hall, Room 1302.
COURSE OUTLINE
I.
INTRODUCTION TO ECONOMICS
Chapter
1: Economics and Economic Reasoning
Chapter
2: The Production Possibility Model, Trade, and Globalization
II. INTRODUCTION TO THE MARKET
SYSTEM
Chapter
5: Using Supply and Demand
Chapter
7: Describing Supply and Demand: Elasticities
Chapter
8: Taxation and Government Intervention
Chapter
10: The Logic of Individual Choice: The Foundation of Supply and Demand
Chapter
12: Production and Cost Analysis I
Chapter
13: Production and Cost Analysis II
III. MARKET STRUCTURES AND PRICING
Chapter
14: Perfect Competition
Chapter
16: Monopolistic Competition and Oligopoly
Chapter
18: Antitrust Policy and Regulation
IV. FACTOR MARKETS
Chapter
19: Work and the Labor Market
If time permits:
V. MARKET FAILURE AND PUBLIC POLICY