Microeconomics Syllabus PDF

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Econ 251 Microeconomics M/W/F 11:30-12:20 in Krannert Building G18 Instructor: An-Hsiang Liu Office: KRAN 444 Office Hours: M/W 1 p.m.-2 p.m. Email: [email protected] Course website: katalyst.mgmt.purdue.edu. Textbook: Microeconomics for Economics 251, published by Pearson Custom Publishing. (ISBN: 0558343287) Course Overview: Econ 251 is an introductory course in microeconomics, which covers the fundamental theories of the consumer, the firm, and markets. We will discuss how the behavior of individual consumers and producers determine the market prices and quantities and how the competitive market leads to efficient allocation of resources. Finally, this course investigates several causes of market failures and some of the policy measures that attempt to remedy them. Evaluation: Quizzes

60

Midterm Exams

160 (2 exams at 80 points each)

Final Exam

100

Total Points

320

There are 2 midterm exams with 40 multiple choice questions each. The final exam will be cumulative and have 50 questions. There are 6 quizzes (see the estimated course schedule), 10 multiple choice questions with 1 point for each question. All quizzes start at the beginning of the class. You will have 20 minutes for each quiz. You must take the quiz in the section you are enrolled in and no makeup for quizzes. Your final grade will be the total points earned (up to 320) divided by 3. A grading curve will be determined at the end of the semester. The curve will be close to the 9080-70-60 standard cutoffs. Plus/minus grades will be assigned. Practice question, practice exams and your grade will be posted on Katalyst katalyst.mgmt.purdue.edu. Policy on Makeups: The makeup dates for the exams are generally scheduled for the evening prior to the regular exam. You must contact me to determine your eligibility for a makeup exam before the exam date.

Estimated Course Schedule: Date

Topic

Aug. 23 ~ 27

Chapter 1: What Is Economics?

Aug. 30 ~ Sep. 3

Chapter 2: The Economic Problem Chapter 3: Demand and Supply

Sep. 6 ~ 10

Chapter 4: Elasticity

Assignments

NO CLASS Monday, Sep. 6 Quiz #1 Wednesday Sep. 8 (Ch 1-3)

Sep. 13 ~ 17

Chapter 5: Efficiency and Equity Chapter 6: Government Actions in Markets

Sep. 20 ~ 24

Chapter 6, continued Review for Exam #1

Quiz #2 Monday, Sep. 20 (Ch 4-6) EXAM #1 Thursday, Sep. 23 at 8 p.m. in Elliott Hall of Music

Sep. 29 ~ Oct. 1

Chapter 7: Utility and Demand Chapter 8: Possibilities, Preferences, and Choices

Oct. 4 ~ 8

Oct. 11 ~ 15

Chapter 8, continued Chapter 9: Profit, Production, and

NO CLASS Friday, Oct. 8 (Day

Costs

Quiz #3 Wednesday, Oct. 6

Chapter 9, continued

(Ch 7-8) NO CLASS Monday, Oct. 11

off for Sep. 23 evening exam)

(October Break) Oct. 18 ~ 22

Chapter 10: Perfect Competition

Oct. 25 ~ 29

Chapter 11: Monopoly

Quiz #4 Wednesday, Oct. 27 (Ch 9-10)

Nov. 1 ~ 5

Chapter 12: Monopolistic

Nov. 8 ~ 12

Competition Chapter 13: Oligopoly

Quiz # 5 Friday, Nov. 12

Review for Exam #2

(Ch 11-13)

Chapter 14: Externalities

EXAM #2 Monday, Nov. 15 at 8

NO CLASS

p.m. in Elliott Hall of Music NO CLASS (day off for Nov. 15

Nov. 15 ~ 19 Nov. 22 ~ 26

evening exam and Thanksgiving

Break) Nov. 28 ~ Dec. 2 Dec. 6 ~ 10

Chapter 15: Public Goods and Common Resources Chapter 16: Economic Inequality

Quiz # 6 Friday, Dec. 2 (Ch 14-15)

Review for Final Exam Week of Dec. 12

FINAL EXAM TBA

Academic Integrity: I encourage you to study with one another and discuss among yourselves the material from class. However, during quizzes and exams you will NOT be permitted to use any books, notes, or test answers of other students. Talking during quizzes or exams is also a violation of academic integrity. There is to be no talking during quizzes or exams. If you are talking during a quiz or an exam, you will immediately be asked to leave and you will not receive credit for that quiz or exam. Any violation of academic integrity will result in automatic failure of the quiz or exam and potential for failure in the course. For a more thorough definition of academic dishonesty and a discussion of its repercussions, please see http://www.purdue.edu/ODOS/osrr/integrity.htm. Campus Emergency: In the event of a major campus emergency, course requirements, deadlines, and grading percentages are subject to changes that may be necessitated by a revised semester calendar or other circumstances. Information regarding any changes in this course can be viewed as an Announcement on Katalyst. You may also contact me by email or phone, as listed above, if you have questions....