SYLLABUS
ECON 2020 – PRINCIPLES OF
MICRO ECONOMICS
SEMESTER 2, 2007-2008
I.
GENERAL INFORMATION
Fine
Arts, Room 267
Professor: Emmett
Dulaney
Office Address: Falls
School of Business
Hardacre Hall, Room 231
Anderson
University
Anderson,
IN 46012-3495
Phone: 765.641.4126
Email: eadulaney@anderson.edu
Office Hours: Before class, or by appointment
This course is designed to give the student exposure
to the uniqueness of economic reasoning.
The introduction of the basic tools of economics will prepare the
student for a rigorous analytical approach to constrained decision making.
PREREQUISITE: Sophomore standing
Students
will be presented with simplified versions of economic models that lead to the
analysis of a variety of problems and issues that face consumers, business and
government. We will focus upon
objectives that include, but are not limited to:
1. Price and output determination in a
private market
2. Consumer sensitivity to product price
3. Production technology and costs
4. Market structures and degrees of monopoly
power
5. Resource market, hiring and wage
determination
6. Controlling monopoly power, antitrust
legislation
7. Policy tools and approaches to regulation
8. Unionization and its impact upon wages and
employment
9.
International exchange rate determination
10.
Capital markets for a capitalist system
Economics: Principles and Applications, Fourth
Edition. Hall & Lieberman (2008 edition).
Freakonomics. Levitt & Dubner (ISBN: 0-06-073132-X)
There will also be assigned readings from the Wall
Street Journal, The Economist, and other journals. Links to
pertinent articles, or handouts, will be assigned on a topic-by-topic basis.
1. Exams (60%). There will be four tests
throughout the semester. Test format will be a combination of short answer,
essay, and multiple choice. The tests will cover the
material from the class lectures, presentations, related text chapters, and
assigned readings. All exams, including the final, are equally weighted.
2.
Research/Opinion Papers (20%). Students are required to write two papers of 1,000
words each in Microsoft Word and upload them in Moodle.
Each paper should include research (cited) on the assigned topics. The papers
are due before the start of class on the day they are assigned. Late papers will not be accepted.
The subject of each paper, and the rubric
that will be used to grade it, will be discussed in class.
3. Quizzes and Participation
(20%).
There will be regularly assigned quizzes on the reading material administered
in Moodle and pop quizzes given during class. The Moodle quizzes must be completed prior to the start of
class on the day assigned, while the pop quizzes will typically not be
announced in advance. Regardless of the format of the quiz, you may not make up missed
quizzes.
You are expected to attend class and contribute to
class discussions and activities. While coming to class is important, merely
attending and listening to the discussions is not sufficient. If you keep up
with the readings, attend the class meetings, and contribute to class
discussions, this requirement will not represent a major obstacle to successful
completion of the course.
Attendance and participation is expected. Students should attend all class sessions
unless prevented from so doing by extenuating circumstances. It is the
student’s obligation to personally notify the instructor of any absence: in
advance, if possible. The fourth absence, and each subsequent one thereafter,
can have a negative impact on your final grade. Unless prior arrangements are
made with the instructor, two late arrivals and/or two early departures will
equal one absence. Please be mindful of the fact that, regardless of your
reason(s) for an absence, you are responsible for the material covered in class
during each session.
Students are expected to conduct themselves with the
highest ethics. Individual assignments are to be done only by
the student. All submissions handed in under a student’s name are to be limited
to that student’s work. Any exception to these guidelines should be reported
and discussed with the instructor. There is a ZERO TOLERANCE rule in effect for
this area; any violations will result in a zero for the submitted material.
This course will utilize lectures, discussion of
assigned readings, and case studies. It will be beneficial if you read the referenced
text before each class meeting and are prepared to discuss it.
Grades will reflect your ability to perform at the
college level. The components of your final grade are
outlined in the course requirements above. Letter grades for the course will be
determined using the following criteria:
Exam #1 . . . . . . . . . . . . . . . . 150
Exam #2 . . . . . . . . . . . . . . . . 150
Exam #3 . . . . . . . . . . . . . . . . 150
Final Exam . . . . . . . . . . . . . . 150
Research/Opinion Papers. . .200
Quizzes. . . . . . . . . . . . . . . . . 200
TOTAL . . . . . . . . . . . . . . 1000
A = 930 – 1000 (93%-100%)
A- = 900 – 929 (90% - 92%)
B+ = 880 – 899 (88% - 89%)
B = 830 – 879 (83% - 87%)
B- = 800 – 829 (80% - 82%)
C+ = 780 – 799 (78% - 79%)
C = 730 – 779 (73% - 77%)
C- = 700 – 729 (70% - 72%)
D = 600 – 699 (60% - 69%)
F = 0 – 599 (0 – 59%)
Assignments
and examinations should be completed on the announced due dates. Material
submitted after the due date, without prior approval, will not be
accepted.
Students having special problems that might affect their
performance should notify the instructor during the first week of school. Possible arrangements can be made to work
closely with the
Cell phones should not be used in class. Phones should not be used for making or
receiving calls, or text messaging. Any phones used for this purpose, without
prior consent, will become the property of the instructor.
Food and beverages should not be consumed in the
classroom. In order to prevent distracting others around
you, refrain from eating and drinking during the fifty minutes that you are
sitting in this classroom.
|
Date |
Topics |
Text Reading |
Freakonomics |
|
1/16 |
Introduction/Syllabus
Review |
|
|
|
1/18 |
Ten
Principles of Economics |
|
|
|
1/21 |
Basics
of Economics |
Chapter
1& 2 |
|
|
1/23 |
Demand |
Chapter
3 |
|
|
1/25 |
|
|
Chapter
1 |
|
1/28 |
Supply |
Chapter
3 |
|
|
1/30 |
Ceilings,
Floors, Elasticity |
Chapter
4 |
|
|
2/1 |
|
|
Chapter
2 |
|
2/4 |
Taxes,
Fighting Supply and Demand |
Chapter
4 |
|
|
2/6 |
EXAM ONE |
|
|
|
2/8 |
|
|
Chapter
3 |
|
2/11 |
Consumer
Choice |
Chapter
5 |
|
|
2/13 |
Production
and Cost |
Chapter
6 |
|
|
2/15 |
|
|
Chapter
4 |
|
2/18 |
Profit
Maximization PAPER #1 DUE |
Chapter
7 |
|
|
2/20 |
Perfect
Competition |
Chapter
8 |
|
|
2/22 |
|
|
Chapter
5 |
|
2/25 |
Perfect
Competition and Discussion
of Paper #1 |
Chapter
8 |
|
|
2/27 |
EXAM TWO |
|
|
|
2/29 |
|
|
Chapter
6 |
|
3/3 |
Monopoly |
Chapter
9 |
|
|
3/5 |
Price
Discrimination |
Chapter
9 |
|
|
3/7 |
(Current
Events) |
|
|
|
3/10 |
SPRING
BREAK – NO CLASS |
|
|
|
3/12 |
SPRING
BREAK – NO CLASS |
|
|
|
3/14 |
SPRING
BREAK – NO CLASS |
|
|
|
3/17 |
Monopolistic
Competition |
Chapter
10 |
|
|
3/19 |
|
Chapter
10 |
|
|
3/21 |
GOOD
FRIDAY – NO CLASS |
|
|
|
3/24 |
EASTER
TRAVEL DAY – NO CLASS |
|
|