COURSE SYLLABUS AND SCHEDULE OUTLINE FOR
PRINCIPLES OF MICROECONOMICS (34-ECON-141-004)
AUTUMN QUARTER 2003
T, Th 8:00A 9:15A
EDUCATIONAL SERVICES BULIDING ROOM 115
Fax: 732-5304
Division Office: 732-5255
Website: http://www.ucclermont.edu/~bauerj
Office Hours: W 1:00P 3:30P, Th 2:00P 3:30P, or by appointment
Required Text(s)
Economics, McConnell & Brue, 15th Edition, Irwin McGraw-Hill. ISBN: 0-07-249850-1.
An analysis of the economics of the business firm including such topics as: supply and demand; price determination under different competitive situations; and resource use rules for individual firms.
1. Recognize the basic economic principles/theories and discuss their application to current problems and events in the American economy.
2. Discuss the consequences of scarcity.
3. Analyze supply and demand curves/schedule and interpret the results of intersecting and shifting curves.
4. Calculate elasticity coefficients and evaluate their impact on the individual firm.
5. Calculate marginal utility and determine the optimal combination of consumption to maximize total satisfaction.
6. Calculate the cost of production and apply the market structure price to select the profit maximizing output.
Exams: There will be three (3) exams during the quarter. Exam formats will be true/false, 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 1, 2, 3) .. 100 points
Exam Two (Chapters 4, 7 (20), 8 (21)) . 100 points
Final Exam (Chapters 9 (22), 10 (23), 11 (24))
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.
GENERAL
COURSE POLICIES
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.
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.
Assignments will not be
accepted one week after the due date has passed.
Consider this
class to be a call-free, beep-free, vibrate mode-free zone of silence.
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.
The
policy as stated in the
The
current withdrawal policy of
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,
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.
Week 1 Chapter 1 The Nature and Methods of Economics
09/25
Week 2 Chapter 2 The Economizing Problem
09/30 Introduction to Group Pricing Project
Week 3 Chapter 3 Individual Markets: Demand and Supply
10/07
Week 4 Exam One Chapters 1 - 3
10/14 Chapter 4 The Market System
Week 5 Chapter 4 The Market System (Continued)
10/21 Chapter 7 (20) Supply and Demand: Elasticities and Government Set
Prices
Week 6 Chapter 7 (20) Supply and Demand: Elasticities and Government Set
10/28 Prices
(Continued)
Week 7 Chapter 8 (21) Consumer Behavior and Utility Maximization
11/04
Week 8 Exam Two Chapters 4, 7, and 8 (Chapters 4, 20, 21 in hard bound)
11/13 Chapter 9 (22) The Costs of Production
Week 9 Chapter 10 (23) Pure Competition
11/18
Week 10 Chapter 10 (23) Pure Competition (Continued)
11/25
Week 11 Chapter 11 (24) Pure Monopoly
12/02