Queens College ECON 102 Syllabus PDF

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ECON102 INTRODUCTION TO MICROECONOMICS QUEENS COLLEGE, CUNY Regular online classes: Sunday, 1:00PM - 3:40PM Online office hours: Sunday, 4:00 PM- 5:00PM Instructor: Archil Dvalishvili, [email protected]

Phone number: +1 929 310 3671 Synchronous and asynchronous sessions

All the online sessions will be synchronous except review sessions for the midterm and final exams. Course Information ECON 102-02 Introduction to Microeconomics Class number: 43438 Semester: Fall 2020 Credit: 3 Overview of the Course How decisions are made by the consumer and producer sectors of the economy and the interactions between the two sectors. The process of resource allocation and income distribution within a free enterprise economy, as well as, alternative market structures such as monopoly, oligopoly, and monopolistic competition; and the effects of various government policies on the allocation of resources and the distribution of income. Learning Objectives Upon successful completion of this course, the student will be able to: • Use supply and demand analysis to predict or evaluate the effects of government policies or other events on society’s allocation of resources. • Show how the production and pricing decisions of firms depend on costs and the degree of competition faced by firms. • Compare and contrast the performance of various market structures ranging from perfect competition to monopoly. • Illustrate the welfare loss resulting from market failures such as externalities, and evaluate government policies to address those failures.

Required Textbook “Modern Principles of Microeconomics, by Tyler Cowen and Alex, Tabarrok Fourth Edition, 2018. It is very important that you read the book. Required Companion Platform - LaunchPad You need to purchase access to LaunchPad, a learning management system that provides access to learning resources specific to the course and the textbook. On a weekly basis you will have to complete homework assignments using LaunchPad. 1

The student registration instructions for Sapling Learning are provided from page 5 of this syllabus. Grading Policy The final grade for the course will be based on the performance on exams, problem sets and class participation (in-class questions): Class Participation Homeworks

5% 20%

Midterm Exam I Midterm Exam II Final Exam

20% 20% 35%

If you miss an exam and fail to provide valid written justification your grade in that exam will be zero Classes Regular class meetings for the course will be composed of lectures, exams. Lectures will cover new material and follow the structure of the main text book. Exams will evaluate your knowledge of the course materials.

Problem Sets There will be a problem set for each chapter covered. Problem sets are a great learning tool of the course material and their weight in the final grade is 20%. They will be found in LaunchPad after each lecture along with the deadline for submission. Academic Honesty I take cheating extremely seriously. Cheating on an exam earns you an immediate F for the class and a referral to the VP for Student Affairs. Students with Disabilities Students with disabilities are encouraged to see me early. I will work with the Queens College Office of Special Services in Kiely 171 (718-997-5870) to address special needs. Communication Do not hesitate to ask questions in class if you have doubts. Talk to me or e-mail me about suggestions or complaints about the course. I will always take them seriously and try to address issues to the best of my ability. Classroom Etiquette Be respectful to me and others: • Be on time • Do not speak to each other in class

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Web Page for Class via Blackboard.com The webpage for the class is available through Blackboard. Access to Blackboard is done through the CUNY portal. You must get a portal ID. You may obtain a portal ID, by clicking on “login” in the CUNY portal page, www.cuny.edu. This should be done immediately. After you log in to the portal, there is a link to blackboard. To join Synchronous sessions, proceed the following steps: 1. Log in Blackboard 2. Go to your class ECON 102-Introduction to Microeconomics 3. Click to the icon-virtual classroom 4. Click Blackboard collaborate ultra and join the session Grading Scale A+ A AB+ B BC+ C CD+ D F

97-100 93-96.9 90-92.9 87.1-89.9 83.0-87.0 80.0-82.9 77.1-79.9 73.0-77.0 70.0-72.9 67.1-69.9 60.0-67.0 below 60.0

Course Outline CLASS

Date

TOPIC

1

30-Aug

Ch.1 - The Big Ideas. Ch.2 – The Power of Trade and comparative advantage

2

6-Sep

Ch.2 - The Power of Trade and Comparative Advantage Ch.3 – Supply and Demand

3

13-Sep

Ch.3 - Supply and Demand Ch-4 – Equilibrium: How supply and Demand Determine Prices

4

27-Sep

Ch.4 - Equilibrium: How Supply and Demand Determine Prices. Ch.5 – Elasticity and its Application

5

4-Oct

Ch.5 – Elasticity and its application Review Session for Midterm Exam I

6

11-Oct

Ch.23 – Stock Markets and Personal Finance Midterm Exam I 3

7

18-Oct

Ch.7 – The Price systems: Signals, Speculation and Prediction Ch.8 – Price Ceilings and Floors

8

25-Oct

Ch.10 – Externalities: When the price is not right Ch 11. – Costs and Profit Maximization under Competition

9

1-Nov

Ch. 13 – Monopoly Review Session for Midterm Exam II

10

8-Nov

Midterm Exam II Ch. 14 - Price Discrimination and Pricing Strategy

11

15-Nov

Ch. 14 - Price Discrimination and Pricing Strategy Ch. 16 – Competing for Monopoly: The Economics of Network goods

12

22-Nov

Ch.17 – Monopolistic competition and advertising Ch. 18 – Labor Markets

13

6-Dec

14

13-Dec TBA

Ch.20 – Political economy and public choice Ch.15 – Oligopoly and game theory Review session for Final Exam Final Exam

Except for changes that substantially affect implementation of the evaluation statement, this syllabus is a guide for the course and is subject to change with advance notice. Should any change occur, announcements will be made in class as well as over Blackboard. NO CLASSES SCHEDULED: September 20 , November 29 Except for changes that substantially affect implementation of the evaluation statement, this syllabus is a guide for the course and is subject to change with advance notice. Should any change occur, announcements will be made in class as well as over Blackboard.

Exams Exams are closed book and non-cumulative, covering the chapters stated below. Midterm Exam I – Chapters 1, 2, 3, 4, 5. Midterm Exam II – Chapters 23, 7, 8, 10, 11 Final Exam – Will get added

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Econ 10 2 – Intro to Macro

Spring 2020

Archil Dvalishvili

Gaining access to LaunchPad Dear Students, My LaunchPad course is open for registration. Once you have registered an account, you can redeem an access code or purchase access (or use trial access for 14 days). You will need to use the same LaunchPad account for the duration of the course because your grades are linked to your registered email address. Please use the "Forgot Password" link on the Sign In page if you run into trouble. To enroll, please go to https://www.macmillanhighered.com/launchpad/cowentabarrokmicro4e/14171262 Looking forward to seeing you in class! Archil Dvalishvili [email protected] For assistance, please visit: https://macmillan.force.com/macmillanlearning

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