Langara-ECON 1220 - outlines PDF

Preview

Summary

outlines...

Description

100 West 49th Avenue, Vancouver, BC, Canada V 5 Y 2Z6 604.323.5511 langara.ca

Course Outline

ECONOMICS 1220: PRINCIPLES OF MICROECONOMICS – Fall 2018 Course Format: Lecture 4 hours per week Credits: 3.0

Transfer Credit: For information, visit bctransferguide.ca

Course Description Microeconomics is the study of how individuals or groups make choices with their limited resources in order to satisfy unlimited wants. In this course we will examine theories of how individuals, businesses and governments make these decisions. Specifically, we will be using microeconomic theories to explain the production and consumption of goods and services in individual markets. Different market structures will be considered as well as the economic implications of the different market structures and government policy.

Learning Outcomes The list provided below outlines the high-level learning outcomes for this course. Upon successful completion of this course, students will be able to: •

define and discuss basic principles of economics such as scarcity, trade-offs, opportunity cost, marginal analysis, exchange, and markets

•

use the demand and supply model to analyze the impacts of events on market outcomes

•

calculate elasticities and apply them to analysis of market responses

•

compare the outcomes of different types of market structures such as perfect competition, monopoly, and oligopoly

•

describe and illustrate how firms behave

•

analyze the impacts of government intervention on markets and provide economic rationales for such intervention

Contact Information Instructor: Zafrul Siddique Office: B153n Email: [email protected] Office Hours Tuesday and Thursday: 7:50am to 8:20 am and 4:00pm to 5:00pm and by appointment I will also be available at the Economics Activity Center (Tuesdays and Thursdays 10.30-12.00pm and 2:30-4.00pm) Textbook and Course Materials Required Text Sayre, John, and Alan Morris. Principles of Microeconomics. 9th ed. Toronto: McGraw-Hill, 2018 Connect Software (Required) The text is available from the bookstore labeled for this course. Course Website All the assignments will be posted on Connect. Use the link provided on D2L to access the Connect website specific to your section. The course materials will be available on D2L.You should be able to access D2L through the “myCourses” tab on the Langara website. You are expected to check your D2L account regularly for new posts and direction on the course material. Note:&This%course%may%use%an%electronic%(online)%instructional%resource%that%is%located%outside%of%Canada%for%mandatory% graded%class%work.%You%may%be%required%to%enter%personal%information,%such%as%your%name%and%email%address,%to%log%in%to%this% resource.%This%means%that%your%personal%information%could%be%stored%on%servers%located%outside%of%Canada%and%may%be% accessed%by%U.S.%authorities,%subject%to%federal%laws.%Where%possible,%you%may%log%in%with%an%email%pseudonym%as%long%as%you% provide%the%pseudonym%to%me%so%I%can%identify%you%when%reviewing%your%class%work.%

2

Assessments and Weighting:

Connect Assignment

Percentage 10%

Midterm Exam 1

30%

Midterm Exam 2 Final Exam

25% 35%

Dates Throughout the term October 1 October 31 Announced by College

Grading A+ A

95-100 90-94

B B-

75-79 70-74

CD

55-59 50-54

AB+

85-89 80-84

C+ C

65-69 60-64

F...