ECONOMICS 101
PRINCIPLES: MICRO
Section 9
Lecture is M W F from 11:00-11:50 a.m.In Room Ross 124
Instructor: Dermot
Office Hours Wednesday afternoons from 2-4 in 3375 Gerdin
Teaching Assistant: Mr. Ryan
Class web page
TEXTBOOK: Microeconomics9th Edition by Michael Parkin. (Addison-WesleyPublishing Company 2009).
EXAMINATIONS AND GRADES:You must be enrolled in one of the lab sessions. Please enroll in one immediately if you have not already done so. 101L meets Mondays 2:10 to 4:00and on Wednesdays from 2:10 to 4:00. All labs are in 68 Heady. Note there will be no lab in the week of September 6th to 10th due to the holiday on September 6th.
75% of your grade will come from this course and 25% will be based on your performance in the labs. Homework will be graded and collected in the lab.
There will be four exams. Your grade will be based on your highest three scores. All of the exams will be 50 minutes in length. The fourth exam will cover material taught after the third exam and will not be comprehensive. The material to be covered in future classes and exams is tentative. If we fall behind this agenda, some of the make-up classes will be used.
If you miss an exam your grade will be based on all three of the exams you do take. There is no excuse required for missing one exam. But you cannot miss two exams without a written statement from the StudentHealthCenter or a Medical Doctor or a national student organization such as FFA indicating the reason for the absence. If you miss two exams without providing this statement you will receive a zero on the exam you missed.
I have invited a guest speaker but I do not yet have exact dates for this speaker. Therefore the class schedule shown below is likely to change. I will keep you informed on the material to be covered by each exam as the semester progresses. If we get ahead of schedule I will use the class prior to each exam and a review session. If we fall behind I will use up one of the scheduled make up classes.
ECONOMICS 101
PRINCIPLES: MICRO
SECTION9
Class #DateTopicChapter and section
1Mon.Aug. 23,2010What is EconomicsChapter 1
Big Ideas of Economics
What Economists Do
2Wed.Aug. 25,2010Making & Using GraphsChapter 1
Graphs Used in Economics
and in Agricultural Markets
3Fri.Aug. 27,2010The Economic ProblemChapter 2
Resources Production Possibilities &
Opportunity Cost
Using Resources Effectively
Economic Growth
4Mon.Aug. 30,2010Gains from TradeChapter 2
The Market Economy
5Wed.Sep. 1,2010Demand & SupplyChapter 3
6Fri.Sep. 3,2010Market EquilibriumChapter 3
Mon.Sep. 6,2010University Holiday
7Wed.Sept. 8,2010ElasticityChapter 4
8Fri.Sept. 10,2010More Elasticities of DemandChapter 4
Elasticity of Supply
This class will be taught By Mr Ryan Goodrich
9Mon.Sept. 13,2010Efficiency and EquityChapter 5
Value Price and Consumer Surplus
10Wed Sept 15,2010Review of Chapters 1-5
11Fri.Sept. 17,2010EXAM #1 Chapters 1,2,3,4,5
12Mon.Sept. 20,2010Markets in ActionChapter6
Housing Markets and Rent Ceilings
The Labor Market and the Minimum Wage
13Wed.Sept. 22,2010TaxesChapter6
Markets for Illegal Goods
Stabilizing Farm Revenues
14Fri.Sept. 24,2010The Global EconomyChapter 7
The Case against Protectionism
15Mon.Sept. 27,2010Utility and Marginal Utility
Consumption PossibilitiesChapters8 and 9 Preferences and Indifference Curves
16Wed.Sept. 29,2010Predicting Consumer BehaviorChapters8 and 9 Work-Leisure Choices
17Fri.Oct. 1,2010The Firm and its Economic ProblemChapter 10
18MonOct. 4,2010Information and OrganizationChapter 10
Markets and the Competitive Environment
19Wed.Oct. 6,2010Decision Time FramesChapter 11
Short-Run Technology Constraint
20Fri.Oct. 8,2010Short-Run CostChapter 11
Long-Run Cost ‘
21Mon.Oct. 11,2010Perfect CompetitionChapter 12
The Firms Decisions in Perfect
Competition
22Wed.Oct. 13,2010Changing Tastes and Advancing TechnologyChapter 12
Competition and Efficiency
23Fri.Oct. 15, 2010EXAM #2Chapters 6, 7, 8, 9, 10, 11.
24Mon.Oct. 18,2010Market PowerChapter 13
Monopoly Price-Setting Strategies
Single-Price Monopoly
25Wed.Oct. 20,2010Price DiscriminationChapter 13
Monopoly Policy Issues
26Fri.Oct. 22,2010Monopolistic CompetitionChapter 14
27Mon.Oct. 25,2010Monopolistic CompetitionChapter 14 Oligopoly
28Wed.Oct. 27, 2010Game TheoryChapter 15
Oligopoly Price Fixing Game
29Fri.Oct. 29, 2010Antitrust RegulationChapter 15
30Mon.Nov. 1,2010ExternalitiesChapter 16
31Wed.Nov. 3, 2010Pollution and KnowledgeChapter 16
32Fri.Nov. 5, 2010Public GoodsChapter 17
33Mon.Nov. 8, 2010Market Failure and GovernmentChapter 17
34Wed.Nov. 10,2010Factor Markets. Chapter 18
Income Rent and Opportunity Cost
35Fri.Nov. 12, 2010 EXAM #3 Chapters 12, 13, 14, 15, 16.
36Mon.Nov. 15, 2010Factor MarketsChapter 18
37Wed.Nov. 17,2010Economic InequalityChapter 19
38Fri.Nov. 19,2010Income redistributionChapter 19
Nov. 22—26, 2010THANKSGIVING BREAK
39Mon.Nov. 29,2010Uncertainty Chapter 20
40 Wed. Dec 1, 2010InformationChapter 20
41Fri.Dec.3,2010Introduction to Finance
42 Mon.Dec. 6,2010Capital Asset Pricing Model (CAPM)
43 Wed. Dec. 8,2010Make-Up Class