Term:Spring 2002
ECO 2023:Principles of Microeconomics, Section 126
Course description:Introduction to the market system, market structures, and the theory of production, demand theory and general equilibrium.
Prerequisites:None
Time: 9:25 – 10:40 am TR
Location: 42/1020
Required text:Foundations of Microeconomics, Robin Bade and Michael Parkin
Addison Wesley, 2002
Instructor:Dr. Earle Traynham
Office:42/2015
Office hours:8:30 – 9:25 am TR, and 10:40 – noon TR; also by appointment Monday – Friday
Phone:620-2590
Email:
Objective:Microeconomics focuses on individual economic units, for example individuals and firms, and how these units make decisions regarding the use of scarce resources in order to satisfy unlimited wants. The objective of this course is to introduce the student to these decision-making units, provide an understanding of nature of their scarce resources and the ability of these resources to satisfy wants, and to provide an economic framework for decision-making regarding the use of these resources. In essence, economics is the study of choices. Microeconomics is the study of how individual economic units make choices. The objective of this course is to better understand this process.
Grading:There are five exams scheduled for the course. You must take each of the exams. The grading scale used for each exam and for your final grade is as follows:
90-100 = A
80-89 =B
70-79 = C
60-69 =D
59 and BelowF
Attendance:Attendance is important. Microeconomics is often considered a difficult subject. Reading the textbook, listening to the lectures and taking good notes will be very helpful to learning the material. There will not be any pop quizzes and the roll will not be taken. However, you are urged to be responsible and attend class.
Academic integrity:“UNF places high priority on and strives to uphold the highest standards of academic integrity while protecting the rights of students and faculty. Should any instructor find evidence of cheating, plagiarism, or other inappropriate assistance in work presented by a student, the instructor should inform the student of the action to be taken.” (p. 32, UNF 20011-02 Catalog) Incidences of violation of academic integrity will result in a grade of F for the course, dismissal of the student from the course, and may lead to additional actions.
Students with disabilities: If you have a disability as defined by the Americans with Disabilities Act (ADA), which requires a classroom accommodation or auxiliary aid(s), you should inform me of your needs during the first week of class so that I may take appropriate action. You should also immediately inform the Office of Disabled Services at 620-2769 (building 2, room 2120) of your disability and the assistance you need.
Dates
Jan. 8, 2002Chapter 1 – Getting Started
Jan. 10, 2002Chapter 2 - The U. S. Economy
Jan. 15, 2002Chapter 3 – The Economic Problem
Jan. 17, 2002Chapter 3 - continued
Jan. 22, 2002Chapter 4 – Demand and Supply
Jan. 24, 2002Chapter 4 - continued
Jan. 29, 2002FIRST EXAM, CHAPTERS 1-4
Jan. 31, 2002Chapter 5 – Elasticities of Demand and Supply
Feb. 5, 2002Chapter 6 – Efficiency and Fairness of Markets
Feb. 7, 2002Chapter 6 continued and Chapter 7 – Government Influence on Markets
Feb. 12, 2002Chapter 7 - continued
Feb. 14, 2002Chapter 7 – continued and Review
Feb. 19, 2002SECOND EXAM, CHAPTERS 5-7
Feb. 21, 2002Chapter 9 - Public Goods and the Tax System, Guest Lecturer - Elizabeth Porter
Feb. 26, 2002Chapter 10 – Consumer Choice and Demand, Guest Lecturer - Jeff Steagall
Feb. 28, 2002Chapter 10 – continued (Jeff Steagall)
Mar. 5, 2002Chapter 11 – Production and Costs
Mar. 7, 2002Chapter 11 - continued
Mar. 12, 2002THIRD EXAM, CHAPTERS 9-11
Mar. 14, 2002Chapter 12 – Perfect Competition
Mar. 19, 2002SPRING BREAK
Mar. 21, 2002SPRING BREAK
Mar. 26, 2002Chapter 12 - continued
Mar. 28, 2002Chapter 13 – Monopoly
Apr. 2, 2002Chapter 13 - continued
Apr. 4, 2002Chapter 14 – Monopolistic Competition and Oligopoly
Apr. 9, 2002FOURTH EXAM, CHAPTERS 12-14
Apr. 11, 2002Chapter 16, Demand and Supply in Factor Markets
Apr. 16, 2002Chapter 16, continued
Apr. 18, 2002Chapter 17 – Earnings Differentials; begin Chapter 18 – Inequality, Poverty, and Redistribution
Apr. 23, 2002Chapter 18 – continued; begin Chapter 19 – International Trade
Apr. 25, 2002Chapter 21 – International Financial Markets
Apr. 30, 2002FIFTH EXAM, CHAPTERS 16-19, 21