PRINCIPLES MICROECONOMICS Instructor: Noel Brodsky

Economics 2802, Fall, 1995 Office: 215D Coleman Hall

Phone: 581-6334

Hours: 12:00pm-1:00pm MWF

or by appointment

cfnb@uxa.ecn.bgu.edu

Grade Determination:

5 Internet Assignments (10 points each) = 50 points

2 Regular Exams (100 points each) = 200 points

1 Final Exam (cumulative) = 150 points

Total 400 points

Expected Grade Distribution and Curve Structure:

Curve Structure: Average exam score will be set at or near a baseline "B", whenever necessary. Each exam has its own curve, absolutely determined one week after the exam is returned.

The Cutoffs are as follows:

88% = A, 77% = B, 66% = C, 55% = D, below 55% is an F

Special requirement: All students are required to have a computer account. You will be given assignments that require you to find data on the Internet, and report to me via email. These assignments are required, and carry a 10 point value. Required means that the assignments must be completed to receive a grade for the course. The assignments will be announced in class. They will not be accepted late.

Generally, expect an exam to come at the end of Costs and Production (Chapter 24) and another at the end of Monopoly (Chapter 26), as stated on the syllabus. The final is comprehensive, with the greatest weight given to those sections not covered on a prior exam. Exams always require graphic skills, as well as multiple choice skills. It is wise to bring color pens or pencils to class and exams.

There must be very compelling reasons to be granted a make-up exam, which, if at all possible, should be arranged in advance. I do not intend to give make-up exams, if I can avoid it.

2802 - PRINCIPLES MICROECONOMICS - SYLLABUS

Text: Principles of Economics, second ed., Ragan, James F.. and Lloyd B. Thomas, The Dryden Press, Chicago, 1993.

I. Introduction

1. Economics and Economic Thinking

2 The Economic Decisions Facing a Country (Production Possibilities only)

3. Supply and Demand

4. Demand and Supply Elasticities

II. Microeconomic Theory

23. Demand and Utility

6. Inside the Firm

24. Costs and Production

25. Perfect Competition

26. Monopoly

27. Monopolistic Competition and Oligopoly

28. Industrial Organization and Antitrust Policy (I)

III. Resource (Input) Markets

30. The Labor Market - Why are My Wages So Low (High)?

31. Alternative Models of the Factor Market

33. Interest, Rent, and Profit

IV. Applications (if time permits)

28. Industrial Organization and Antitrust Policy (II)

35. Externalities, the Environment, and Non-Renewable Natural Resources