ECON 2510-03 Principles of Economics II Spring 2001
TR 9:40 - 11:07
Instructor: Dr. E.C. Erickson
Office: C-101B,
Phone:667-3338
Office Hours: MW 11:00-12:30 & TR 11:15 ñ 12:15
Microeconomic Principles
Syllabus & Assignments
Microeconomics emphasizes the performance and interaction between individual economic
entities. In microeconomics basic tools of economic analysis are developed to explain
economic behavior of individuals and businesses and develop solutions to problems.
Standard analytical tools must be understood to evaluate economic problems as they
arise. All citizens should have a basic understanding of how the economy and its
individual units function.
Text: Required: Economics, C. McConnell and S.Brue, 14th Edition
Recommended: Study Guide to Accompanying McConnell, R. Bingham, 14th edition
Past exams: test 1 , test
2 , test 3 , test 4
, test 5 , test 6
|
Week |
Topics | Assignments |
|
1 |
I. Introduction: | |
|
|
A. Scope of Economics | Ch. 1, 2 |
|
|
B. Market System | Ch. 3, 4, 5, 6 |
|
2 |
II. Demand, Supply and Elasticity | Ch. 20 |
|
3 |
III. Theory of Consumer Behavior | Ch. 21 |
|
3-4 |
IV. Theory of Production Costs | Ch. 22 |
|
4-5 |
V. Theory of Markets | |
|
|
A. Pure Competition | Ch. 23 |
|
|
B. Pure Monopoly | Ch. 24 |
|
|
C. Monopolistic Competition | Ch. 25 |
|
|
D. Oligopoly | Ch. 26 |
|
6-7 |
VI. Pricing Factor Inputs and General Equilibrium | Ch. 27, 28, 29 |
|
8-10 |
VII. Current Problems: Analysis and Policy Tools | |
|
|
A. Government and Policy: Market failures | Ch. 30, 31, 32 |
|
|
B. Agriculture | Ch. 33 |
|
|
C. Income Distribution and Health Care | Ch. 34, 35 |
|
|
D. Labor | Ch. 36 |
|
11-12 |
VIII.International Economics | |
|
|
A. Comparative Advantage | Ch. 37 |
|
|
B. Balance of Payments and Exchange Rates | Ch. 38 |
|
|
C. Economic Development | Ch. 39, 40 |
|
13 |
IX. Review |
Approximate Grade Distribution:
Exams 45%
Final 35%
Quizzes/Homework 20%