Florida International University Thomas Snyder
Department of Economics Fall 2007
ECO 2023 SECTION U04
PRINCIPLES OF MICROECONOMICS
Lecture: Monday, Wednesday, and Friday at 3:00p.m. – 3:50p.m.
Lecture Room: TC2 110
Instructor: Thomas J. Snyder
Phone: 305-348-2317
E-mail: tsnyd001@fiu.edu
Website: http://www.fiu.edu/~tsnyd001
Office: D.M. 308A (TA Office)
Office Hours: Mon/Wed/Fri 4:00 to 5:00 PM
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Course Objective:
The goal of this course is to understand how resources are allocated in a functioning market economy. We will learn the basic concepts and theory of microeconomics, including trade, demand and supply, elasticity, consumer behavior, firm behavior, and market structure.
Grading Policy:
There will be 3 exams, each worth 30% of your grade. The remaining 10% of your grade will be from homework assignments. Class attendance is essential, for the homework assignments will be given in class, and some assignments will be collected. The homework assignments are there to help motivate you to keep up with the class and practice for the exams.
Text:
The required text for the course is Microeconomics by R. Glenn Hubbard and Anthony P. O’Brien/Prentice Hall Publishers/1st edition/2006/ISBN 0130348260. The Companion Website for the text is www.prenhall.com/hubbard.
Both the text and Study Guide are available for purchase at the University Park bookstore. Lectures correspond to the chapters of the textbook in sequential order. It is extremely helpful that students read the assigned chapters before the lecture. It is unlikely that we will have the time to cover every chapter in full detail. However, you are responsible for reading the entire chapter and becoming familiar with the material, for there may be a question or two on the standardized final exam that we only briefly covered, but is discussed in more detail in the text.
Course Policies:
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Exam policies: No books, notes, problem sets, cell phones, BlackBerries, laptop computers, nor any other materials may be consulted during exams. You may not wear baseball caps, any other head gear, or iPods to the exam. You must also bring your Student ID to the exam.
Cheating will not be tolerated. Any student caught cheating on an exam or engaging in unethical behavior will receive a grade of F for the course and the dean will be notified and asked to pursue further action.
No makeup exams will be given. Excuses for absences from exams are limited to verifiable illness and emergencies. In particular, I require a university approved excuse. If the absence from a midterm exam is excused, the other exams will be appropriately re-weighted. An unexcused absence from any exam will result in a score of zero. A business-related absence does not qualify as an excused absence, but may qualify for an early make-up.
Tentative Course Schedule (Subject to change):
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Principles of Microeconomics: Chapters 1-4, 6, 8, 9-14, 16. |
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Monday, August 27, 2007 |
Ch. 1 Economics: Foundations and Models |
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Wednesday, August 29, 2007 |
Ch. 1 Economics: Foundations and Models |
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Friday, August 31, 2007 |
Ch. 1. / Ch. 2 |
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Monday, September 03, 2007 |
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Wednesday, September 05, 2007 |
Ch. 2 Trade-Offs, Comparative Advantage, and the Market System |
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Friday, September 07, 2007 |
Ch. 2 Trade-Offs, Comparative Advantage, and the Market System |
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Monday, September 10, 2007 |
Ch. 3 Demand and Supply |
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Wednesday, September 12, 2007 |
Ch. 3 Demand and Supply |
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Friday, September 14, 2007 |
Ch. 3 Demand and Supply |
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Monday, September 17, 2007 |
Ch. 4 Economic Efficiency, Government Price setting, and Taxes |
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Wednesday, September 19, 2007 |
Ch. 4 Economic Efficiency, Government Price setting, and Taxes |
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Friday, September 21, 2007 |
Ch. 4 Economic Efficiency, Government Price setting, and Taxes |
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Monday, September 24, 2007 |
Ch. 6 Elasticity: The Responsiveness of Demand and Supply |
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Wednesday, September 26, 2007 |
Ch. 6 Elasticity: The Responsiveness of Demand and Supply |
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Friday, September 28, 2007 |
Ch. 6 Elasticity: The Responsiveness of Demand and Supply |
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Monday, October 01, 2007 |
Ch. 6 Elasticity: The Responsiveness of Demand and Supply |
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Wednesday, October 03, 2007 |
Review |
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Friday, October 05, 2007 |
Midterm Exam I Chapters 1, 2, 3, 4, and 6 |
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Monday, October 08, 2007 |
Ch. 8 Comparative Advantage and the Gains from International Trade |
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Wednesday, October 10, 2007 |
Ch. 8 Comparative Advantage and the Gains from International Trade |
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Friday, October 12, 2007 |
Ch. 8 Comparative Advantage and the Gains from International Trade |
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Monday, October 15, 2007 |
Ch. 9 Consumer Choice and Behavioral Economics |
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Wednesday, October 17, 2007 |
Ch. 9 Consumer Choice and Behavioral Economics |
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Friday, October 19, 2007 |
Ch. 10 Technology, Production, and Costs |
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Monday, October 22, 2007 |
Ch. 10 Technology, Production, and Costs |
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Wednesday, October 24, 2007 |
Ch. 11 Firms in Perfectly Competitive Markets |
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Friday, October 26, 2007 |
Ch. 11 Firms in Perfectly Competitive Markets |
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Monday, October 29, 2007 |
Ch. 12 Monopolistic Competition |
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Wednesday, October 31, 2007 |
Ch. 12 Monopolistic Competition |
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Friday, November 02, 2007 |
Ch. 12. NOTE: Deadline to drop a course with a DR grade. |
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Monday, November 05, 2007 |
Review |
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Wednesday, November 07, 2007 |
Midterm Exam II Chapters 8, 9, 10, 11, and 12 |
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Friday, November 09, 2007 |
Ch. 13 Oligopoly |
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Monday, November 12, 2007 |
No Class - Veterans' Day |
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Wednesday, November 14, 2007 |
Ch. 13 Oligopoly |
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Friday, November 16, 2007 |
Ch. 13 Oligopoly |
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Monday, November 19, 2007 |
Ch. 14 Monopoly and Anti-Trust Policy |
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Wednesday, November 21, 2007 |
Ch. 14 Monopoly and Anti-Trust Policy |
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Friday, November 23, 2007 |
No Class - Thanksgiving Holiday |
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Monday, November 26, 2007 |
Ch. 14 Monopoly and Anti-Trust Policy |
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Wednesday, November 28, 2007 |
Ch. 16 The Markets for Labor and Other Factors of Production |
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Friday, November 30, 2007 |
Ch. 16 The Markets for Labor and Other Factors of Production |
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Monday, December 03, 2007 |
Ch. 16 The Markets for Labor and Other Factors of Production |
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Wednesday, December 05, 2007 |
Review - Last Regular Class |
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Friday, December 14, 2007 |
Final Exam: 12:45pm – 3:30pm Cumulative Exam |