Principles: Micro
ECONOMICS 101
PRINCIPLES: MICRO
Section 9
Lecture is M W F from 11:00-11:50 a.m.
In Room 0210 Bessey
Instructor: Dermot Hayes
Class web page http://www.econ.iastate.edu/classes/econ101/Hayes/
TEXTBOOK: Microeconomics 9th Edition by Michael Parkin. (Addison-Wesley Publishing Company 2009).
EXAMINATIONS AND GRADES: You must be enrolled in one of the lab sessions. Please enroll in one immediately if you have not already done so. 101L meets Mondays 1:10 to 3:00 and 3.10 to 5 and on Wednesdays from 2:10 to 4:00. All labs are in 68 Heady
75% of your grade will come from this course and 25% will be based on your performance in the labs. Homework will be graded and collected in the lab.
There will be four exams. Your grade will be based on your highest three scores. All of the exams will be 50 minutes in length. The fourth exam will cover material taught after the third exam and will not be comprehensive. The material to be covered in future classes and exams is tentative. If we fall behind this agenda, some of the make-up classes will be used.
If you miss an exam your grade will be based on all three of the exams you do take. There is no excuse required for missing one exam. But you cannot miss two exams without a written statement from the Student Health Center or a Medical Doctor or a national student organization such as FFA indicating the reason for the absence. If you miss two exams without providing this statement you will receive a zero on the exam you missed.
I have invited a guest speaker but I do not yet have exact dates for this speaker. Therefore the class schedule shown below is likely to change. I will keep you informed on the material to be covered by each exam as the semester progresses. If we get ahead of schedule I will use the class prior to each exam and a review session. If we fall behind I will use up one of the scheduled make up classes.
Instructor:Dermot HayesOFFICE HOURS
Professor of EconomicsTue/Th. 3.30-5.00 in 3375 Professor of Finance Gerdin or by appointment
568C Heady Hall and 3375 Gerdin
515-294-6185
Teaching Assistant:TBD
ECONOMICS 101
PRINCIPLES: MICRO
SECTION 9
Class #DateTopicChapter and section
1Mon.Aug. 24, 2009What is EconomicsChapter 1
Big Ideas of Economics
What Economists Do
2Wed.Aug. 26, 2009Making & Using GraphsChapter 1
Graphs Used in Economics
and in Agricultural Markets
3Fri.Aug. 28, 2009The Economic ProblemChapter 2
Resources Production Possibilities &
Opportunity Cost
Using Resources Effectively
Economic Growth
4Mon.Aug. 31, 2009Gains from TradeChapter 2
The Market Economy
5Wed.Sep. 2, 2009Demand & SupplyChapter 3
6Fri.Sep. 4, 2009Market EquilibriumChapter 3
7Mon.Sep. 7, 2009University Holiday
8Wed.Sept. 9, 2009ElasticityChapter 4
9Fri.Sept. 11, 2009More Elasticities of DemandChapter 4
Elasticity of Supply
10Mon.Sept. 14, 2009Efficiency and EquityChapter 5
Value Price and Consumer Surplus
11Wed Sept 16, 2009EXAM #1 Chapters 1,2,3,4,5
12Fri.Sept. 18, 2009Make up class or speaker
13Mon.Sept. 21, 2009Markets in ActionChapter 6
Housing Markets and Rent Ceilings
The Labor Market and the Minimum Wage
14Wed.Sept. 23, 2009TaxesChapter 6
Markets for Illegal Goods
Stabilizing Farm Revenues
15Fri.Sept. 25, 2009The Global EconomyChapter 7
The Case against Protectionism
16Mon.Sept. 28, 2009Utility and Marginal Utility
Consumption PossibilitiesChapters 8 and 9
Preferences and Indifference Curves
17Wed.Sept. 30, 2009Predicting Consumer BehaviorChapters 8 and 9
Work-Leisure Choices
18Fri.Oct. 2, 2009The Firm and its Economic ProblemChapter 10
19MonOct. 5, 2009Information and OrganizationChapter 10
Markets and the Competitive Environment
20Wed.Oct. 7, 2009Decision Time FramesChapter 11
Short-Run Technology Constraint
21Fri.Oct. 9, 2009Short-Run CostChapter 11
Long-Run Cost ‘
22Mon.Oct. 12, 2009Perfect CompetitionChapter 12
The Firms Decisions in Perfect
Competition
23Wed.Oct. 14, 2009Changing Tastes and Advancing TechnologyChapter 12
Competition and Efficiency
24Fri.Oct. 16, 2009EXAM #2Chapters 6, 7, 8, 9, 10, 11.
25Mon.Oct. 19, 2009Market PowerChapter 13
Monopoly Price-Setting Strategies
Single-Price Monopoly
26Wed.Oct. 21, 2009Price DiscriminationChapter 13
Monopoly Policy Issues
27Fri.Oct. 23, 2009Monopolistic CompetitionChapter 14
28Mon.Oct. 26, 2009Monopolistic CompetitionChapter 14
Oligopoly
29Wed.Oct. 28, 2009Game TheoryChapter 15
Oligopoly Price Fixing Game
30Fri.Oct. 30, 2009Antitrust RegulationChapter 15
31Mon.Nov. 2, 2009ExternalitiesChapter 16
32Wed.Nov. 4, 2009Pollution and KnowledgeChapter 16
33Fri.Nov. 6, 2009Public GoodsChapter 17
34Mon.Nov. 9, 2009Market Failure and GovernmentChapter 17
35Wed.Nov. 11, 2009Factor Markets. Chapter 18
Income Rent and Opportunity Cost
36Fri.Nov. 14, 2009 EXAM #3 Chapters 12, 13, 14, 15, 16.
37Mon.Nov. 16, 2009Factor MarketsChapter 18
38Wed.Nov. 18, 2009Economic InequalityChapter 19
39Fri.Nov. 20, 2009Income redistributionChapter 19
Nov. 23—27, 2009THANKSGIVING BREAK
40Mon.Nov. 30, 2009Uncertainty Chapter 20
41 Wed. Dec 2, 2009InformationChapter 20
42Fri.Dec. 4, 2009Introduction to Finance
43 Mon.Dec. 7, 2009Capital Asset Pricing Model (CAPM)
44 Wed. Dec. 9, 2009 Make-Up Class