Principles of Microeconomics, Econ 2320

PRINCIPLES OF MICROECONOMICS, ECON 2320

Summer II, 2005

Professor: Jeni Lapoint

Office Hours:by appointment

Phone: 692-9542, 518-3355

Email:

Web address:

Textbook

Economics, Brue, McConnell, McGraw-Hill Irwin, 16th ed., 2005.

Prerequisites NONE

Course Objectives

To learn more about the economic principles that focus on households, business firms, industries and international trades. Includes demand, supply, costs of production, and the market structures of pure competition, oligopoly, monopolistic competition and monopoly.

Class Attendance

Expected but flexible. Any student missing more than three (3) class hours per semester may be automatically withdrawn from the class. Since this is a summer term, missing one class can be very costly in terms of information missed.

Make-up Work Policy

It is possible to make up late assignments, given a valid reason for missing a deadline. Assignments that are turned in late will have ten points subtracted for each day they are late. Arrangements with the instructor should be made for make-up exams.

Activities

The following activities are required and reflect the course objectives:

• Exams: There will be five exams, including the final, which will not be cumulative. Each exam is worth 15% of the total grade.
• Homework Assignments: There will be three homework assignments from the text. Follow the instructions given in each exercise. These assignments should be legibly written, and it should be clear exactly which question is being answered. Each assignment will be worth 5% of the total grade.
• Group assignments: There will be two group assignments. A news article will be assigned, and each group will hand in a brief typed report detailing the economic principle illustrated in the article. If a student has serious scheduling conflicts which will not permit group meetings, that student will be allowed to complete these assignments individually. Each assignment will be worth 5% of the total grade.

Grade Determination

5 Exams 15% each 75%

3 Text assignments 5% each15%

2 Group assignments5% each 10%

Grading policy follows the guidelines set forth on page 49 of the McMurry University Catalog.

Class Schedule

This schedule is tentative; you are responsible for attending class and noting any changes.

Week 1

July 5-7Chapters 2, 3, 4, 5, 6

Week 2

July 11-14Chapters 20, 21, 22

July 11Exam 1 – Chapters 2, 3, 4, 5, 6

Homework assignment 1 due

July 14Exam 2 – Chapters 20, 21, 22

Week 3

July 18-21Chapters 23, 24, 25, 26

July 19Group assignment 1 due – article to be handed out in class.

July 21Exam 3 – Chapters 23, 24, 25, 26

Week 4

July 25-28Chapters 32, 27, 28

July 25Homework assignment 2 due

July 27 Group assignment 2 due – article to be handed out in class.

July 28Exam 4 – Chapters 32, 27, 28

Week 5

August 1-4Chapters 29, 37, 38

August 3Homework assignment 3 due

August 4Exam 5 – Chapters 29, 37, 38