Spring 2015

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

or by appointment

 

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.

 

  Exam 1 Review

Exam 2 Review

  Exam 3 Review

 

 

 

 

 

 

 

 

 

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 4: Supply and Demand

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 15: Monopoly

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

Chapter 21: Market Failure versus Government Failure