UNIVERSITY OF CINCINNATI - CLERMONT

COURSE SYLLABUS AND SCHEDULE OUTLINE FOR

INTERMEDIATE MICROECONOMICS (34-ECON-281-001)

WINTER QUARTER 2006

T, Th 9:30A – 10:45A

EDUCATIONAL SERVICES BULIDING ROOM 125

Instructor Information

Instructor: Dr. Jeff Bauer, Associate Professor

Office: Snyder Building 272C

Phone: Office: 732-5257 24-HR Voicemail

Fax: 732-5304

Division Office: 732-5255

Home: 753-9081

E-Mail: Jeff.Bauer@UC.Edu

Website: http://www.ucclermont.edu/~bauerj

Office Hours: T/Th 9:00A – 9:30A, T 12:15P – 2:00P, Th 5:15P – 6:30P. Other times by appointment.

Required Text(s)

Microeconomics and Behavior, 6^th Edition, Robert H. Frank, McGraw-Hill/Irwin, 2006. ISBN: 0-07-297745-0.

Course Description

Intermediate economic analysis including such topics as: production theory, cost analysis, utility and demand theory, price competition models, equilibrium theory, and economic welfare analysis.

Course Objectives

1. Understand the derivation of price from the costs of production and value to the consumer.

2. Compare marginal value, marginal utility, and consumer surplus.

3. Determine and define types of equilibrium through various supply and demand curves.

4. Outline a firm’s production function, cost curves, and supply curve for various industries.

5. Relate the concept of efficiency to an economic context.

6. Discuss price controls, distribution/allocation, inflation, and unemployment from a theoretical microeconomic viewpoint.

Course Requirements

Reading Assignments: The student is expected to read all assignments prior to the class in which they will be discussed. He/she should be ready to participate in class discussions and activities.

Exams: There will be three (3) exams during the quarter. Exam formats will be fill-in-the-blank and multiple choice. Exams will be given as indicted on the Course Schedule.

Individual Application Assignments: There will be five (5) application assignments during the term. Application assignments are designed to provide the student the opportunity to demonstrate competence with the material though application of the concepts presented in class. Assignments will come from the textbook and outside sources and will be assigned throughout the term.

Group Pricing Project: Each student will be assigned to a group and each group will be responsible for planning, producing, and selling a commodity. Additional details and an outline for this project will be supplied during the term.

Grading:

The final grade will be determined as follows:

Exam One (Chapters 3, 4, 9)…………………..… 100 points

Exam Two (Chapters 10, 11, 12)……………..…. 100 points

Final Exam (Chapters 12 and 14)……………..… 100 points

Application Assignments (5 @ 20 Points)……… 100 points

Pricing Project…………………………………… 100 points

Total Points 500 points

The numerical average will be calculated by dividing total points by 5.

Prerequisite: 34-080-141 Principles of Economics I: Microeconomics

Co-requisite: 34-080-142 Principles of Economics II: Macroeconomics

GENERAL COURSE POLICIES

Attendance and Make-Up Work

Attendance is a requirement of the course. If for some reason you cannot attend a class, please let me know by using one of the phone numbers (or other means) listed above.

Assignments

Any assignments are due at the beginning of the class period as indicated on the Course Schedule. Late assignments will be reduced at least one letter grade per class day at the discretion of the instructor.

Cell Phones, Pagers, etc.

Consider this class to be a call-free, beep-free, vibrate mode-free zone of silence.

Make-Up Exams

Make-up exams will be given at the discretion of the instructor. The student must notify the instructor of the absence before the exam begins. If proper notification is given, a make-up exam will be administered which may be significantly more challenging than the examination given on the scheduled date.

Cheating and Plagiarism

The policy as stated in the University of Cincinnati Student Handbook will be strictly enforced. A copy of the Student Handbook is available in the Student Development Office.

Withdrawals

The current withdrawal policy of Clermont College will apply. The withdrawal policy for this term is available in the Registration Office.

ADA

Students with Disabilities: The policy of the University of Cincinnati Clermont College requires students to self-identify and provide proper documentation to the Academic Director of Disability Services, Student Services Building for appropriate academic assistance.

Grading Scale

The following plus/minus grading system will apply:

92 - 100% = A 91 - 89% = A- 88 - 87% = B+ 86 - 82% = B 81 - 79% = B-
78 – 77% = C+ 76 – 72% = C 71 – 69% = C- 68 – 67% = D+ 66 – 62% = D
61 – 59% = D - 58% and Under = F

Note: The course schedule and procedures are tentative and subject to change depending upon the progress of the class.

COURSE SCHEDULE – INTERMEDIATE MICROECONOMICS

Week 1 Chapter 3 Rational Consumer Choice

01/03

Week 2 Chapter 4 Individual and Market Demand

01/10

Week 3 Chapter 9 Production

01/17

Week 4 Chapter 9 Production (Continued)

01/24

Week 5 Exam One Chapters 3, 4, and 9

01/31 Chapter 10 Costs

Week 6 Chapter 10 Costs (Continued)

02/07 Chapter 11 Perfect Competition

Week 7 Chapter 12 Monopoly

02/14

Week 8 Exam Two Chapters 10, 11, and beginning of 12

02/21 Chapter 12 Monopoly (Continued)

Week 9 Chapter 14 The Market for Labor

02/28

Week 10 Chapter 14 The Market for Labor (Continued)

03/07

Week 11 Final Exam Tuesday, March 14^th from 8:00a – 10:00a and covering

Chapters 12 (end of), and 14.