Microeconomics 2302 INSTRUCTOR: Dr. Marianna Sidoryanskaya
Section
25013 Summer 2005
Office Hours – T, Th
8-8:30 am WWD
E-mail: msidorya@austincc.edu
Course Description: The objective of this course is to teach students how to translate the predictions that come out of economic models to the real world and to translate real-world events into an economic model in order to understand what lies behind the event. Principles of Microeconomics deals with the interactions between individual households and business firms. The concepts of supply and demand will be studied; students will learn what these concepts mean, how they operate, and how prices are determined. Market structure, market failure and income distribution will also be considered.
Course Rationale: This course is meant to give students insight into the dynamics of a market based economy and how through its mechanism scarce resources are allocated. The theoretical and actual role of the government in this market system will also be addressed. The knowledge gained in the course will make students better informed citizens and allow them to follow the debates over various economic events and policies reported in the news media. This course is also a foundation course that will prepare students to be successful in upper division finance, marketing, business administration, economics, government, and social work course.
Course
Objectives:
Students who complete this course will be able to
understand:
EVALUATION: Student performance will be based upon:
¨
EXAMS: 2 exams, each worth 100
points.
¨
RETESTING: None, but you get an
optional final
¨
QUIZZES: Three quizzes, each quiz
worth 10 points
ATTENDANCE: Each student starts with
30 points; each absence counts 2 points regardless of reason; extra points
sometimes given for attendance at instructor’s discretion. The instructor will
drop students who missed 10 classes. Thus, it is important that you inform me
in a timely fashion of any extenuating circumstances that will prevent you from
fulfilling the course requirements.
GRADING:
Final letter grades will be distributed
according to the following scale:
Letter Grade |
Points |
|
A |
200
and above |
|
B |
180-199 |
|
C |
160-179 |
|
D |
140-159 |
|
F |
139-0 |
|
|
|
|
INCOMPLETES: Incompletes are discouraged. They will
be given only when extraordinary events intervene so as to make completion of
the course impossible. If you want an incomplete, these events must be documented.
To receive an incomplete the student must have completed the first exam and
quiz with a C or better. The student must also come by my office to fill out an
incomplete form. If the form is not filled out, an incomplete grade will not be
given.
Incompletes will not be given to students who are behind schedule when the
semester nears its end. Nor will incompletes be given to students who need just
a few more points to make the next higher letter grade. Plenty of opportunity
exists during the semester to accomplish your goals.
Instructional Methodology:
lecture, lecture/discussion
Scholastic dishonesty:
Acts prohibited by the college for which discipline
may be administered include scholastic dishonesty, including but not limited to
cheating on an exam or quiz, plagiarizing, and unauthorized collaboration with
another in preparing outside work. Academic work submitted by students shall be
the result of their thought, research or self-expression. Academic work is
defined as, but not limited to tests, quizzes, whether taken electronically or
on paper; projects, either individual or group; classroom presentations, and
homework.
Students with disabilities:
Each ACC campus offers support services for students with documented physical
or psychological disabilities. Students with disabilities must request
reasonable accommodations through the Office for Students with Disabilities on
the campus where they expect to take the majority of their classes. Students
are encouraged to do this three weeks before the start
of the semester.
WITHDRAWALS: This is a STUDENT
responsibility. Be aware of ACC deadlines.
TEXT: Roger A Arnold,
MICROECONOMICS, 6th Edition,
31 |
An
Introduction to Economics: What Economics is about? (Chapter 1) |
|
Economists
Build and Test Theories Working
with Diagrams (Appendix A) |
JUNE |
|
1 |
Exchange
or Trade, |
|
The
Production Possibilities Frontiers Economic
Questions and Economic Systems (chapter 2) |
2 |
Demand and |
|
Supply (chapter 3) |
|
The
Market: Putting Supply and Demand Together (chapter 3) |
3 |
Elasticity
(chapter 5) |
6 |
QUIZ 1,Utility Theory (chapter
6) |
|
Consumer
Equilibrium and Demand Efficiency |
|
The
Budget Constraint |
7 |
The
Firm, Types of Business Firms (chapter 7) |
|
Review
for Exam 1 |
8 |
EXAM 1
|
9 |
All
About Costs,
|
|
Production
and Cost in the Short Run (chapter 8) |
|
Production
and Cost in the Long Run |
|
Shifts
in the Cost Curves |
13 |
The
Theory of Perfect Competition (chapter 9) |
|
Perfect
Competition in the Short Run |
14 |
Perfect
Competition in the Long Run (chapter 9) |
|
Resource Allocative Efficiency and Production Efficiency |
15 |
QUIZ 2, The Theory of Monopoly
(chapter 10) |
|
Monopoly
Pricing and Output Decisions |
16 |
The
Theory of Monopolistic Competition
(chapter 11) |
|
Oligopoly,
Game Theory (chapter 11) |
20 |
Factor
Markets (chapter 13) |
|
The
Labor Market (chapter 13) |
|
Wages,
Unions, and Labor (chapter 14) |
21 |
QUIZ 3, The Distribution of
Income, Poverty (chapter 15) |
|
Interest,
Rent, Profit (chapter 16) |
22 |
Market
Failure: Externalities, the Environment, |
|
Public
Goods (chapter 17) |
23 |
Review
for Exam 2 |
27 |
EXAM 2
|
28 |
Grade
Check And Review For Optional Final |
29 |
OPTIONAL FINAL
EXAM
|