ECN 2802G section 001
Dr. Dao
Principles of Microeconomics
Office: Coleman 2871
Office Phone:581-6329
Office Hours: 3:30-4:30 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.Exams consist of objective questions.
EXAM SCHEDULE:
First during the 4th week of classes (Feb. 2-Feb. 6, 2015)
Second during the 8th week of classes (Mar. 2-Mar. 6, 2015)
Third during the 12th week of classes (Apr. 6-10, 2015)
Final Wednesday, May 6, 2015 at 8:00 a.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
contact the Coordinator of the Office of Disability Services (581-6583) as soon as possible.
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
Chapter 19W: Nonwage and Asset Income: Rents, Profits, and Interest
V.
MARKET
FAILURE AND PUBLIC POLICY