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ahead Plan ... it wasn't raining when Noah built the ark. SYLLABUS E201: INTRODUCTION TO MICROECONOMICS SPRING 2008 Instructor Mohammad Kaviani Office: Cavanaugh 511 Telephone: (317)274-8100 Fax # (317)274-0097 Email: mkaviani@iupui.edu Office Hours Mondays & Wednesdays 10:30-12:00 Other hours by appointment Required Texts 1. Paul Krugman & Robin Wells, Microeconomics, Worth Publishers 2. Study Guide to accompany above text. Course Description Microeconomics is concerned with how economic agents (households, firms and governments) make decisions and interact with each other. In this course, we will study how economic decisions are made in the face of scarcity, as well as results of these decisions. The point of this course is to provide an introduction to the basic economic concepts. For those students who plan to continue studying economics, this course will prepare you for more advanced treatment of the topics covered here. For those of you who will not pursue further study in economics, you will hopefully emerge with useful analytical and reasoning skills as well as a solid understanding of the workings of the markets, which will be helpful in whatever career you choose. Grading During the course, there will be four hourly exams and a common departmental final exam. Only the final exam is cumulative in nature. There will also be five quizzes. All quizzes will be given at the beginning of the class. Maximum Attainable Points: Four Hourly Exams 200 points (50 points each) Common Final Exam 50 points Five Quizzes 50 points (10 points each) -----------------------------------------------------------------------------Total 300 points Class #: 19951 IT: 164 Tuesdays & Thursdays 9:00-10:15 a.m. Grading System 90-100%: A+ 84-89.9%: A 80-83.9%: A- 77-79.9%: B+ 74-76.9%: B 70-73.9%: B- 65-69.9%: C+ 60-64.9%: C 55-59.9%: C- 53-54.9%: 50-52.9%: 48-49.9%: 0-47.9%: D+ D DF No make-up will be allowed for any missed exams or quizzes except under highly unusual circumstances. You will be required to present written documentation concerning the excuse. Class Attendance Prompt, consistent attendance is expected of all students. Class Attendance will be a component of grading in this course. More than two absences will have a negative impact on your grade. Each additional absence lowers your grade by one level (Example: A- would become a B+). An attendance sheet will be at circulated each class meeting. Academic Integrity In this course, any student caught cheating will receive an F for the assignment. Please read the Code of Student Rights, Responsibilities and Conduct on misconduct, if you have not done so before. You are responsible for conducting yourself according to these rules. February 29: Last day to withdraw with automatic grade of W. Advisor signature is required. Submitted in person only at office of the Registrar, Cavanaugh via eDrop. If submitting in person, pick up the form from your advisor or school. March 28: Last day to withdraw with grade of W or F. Advisor and instructor signatures required. Submitted in person only at office of the Registrar, Cavanaugh 133. Pick up the form from your advisor or school. Course Outline and Scheduled Lecture Dates T Jan 8 R Jan 10 T Jan 15 R Jan 17 Orientation & Organization What Is Economics All About? Ch. 1 First Principles of Economics Ch. 1 Quiz # 1 Economic Models: Trade-offs and Trade Ch. 2 Economic Models: Trade-offs and Trade Ch. 2 Graphs in Economics Ch. 2 Appendix Quiz # 2 Supply and Demand Ch. 3 Supply and Demand (contd.) Ch. 3 Supply and Demand (contd.) Ch. 3 Hourly Exam # 1 The Market Strikes Back Ch. 4 Elasticity Ch. 5 Elasticity (contd.) Ch. 5 Quiz # 3 Consumer and Producer Surplus Ch. 6 Making Decision (Thinking at the Margin) Ch. 7 Hourly Exam # 2 Behind the Supply Curve: Inputs and Costs Ch. 8 Behind the Supply Curve: Inputs and Costs (contd.) Ch. 8 Spring Recess (No Class) Spring Recess (No Class) T Jan 22 R Jan 24 T Jan 29 R Jan 31 T Feb 5 R Feb 7 T Feb 12 R Feb 14 T Feb 19 R Feb 21 T Feb 26 R Feb 28 T Mar 4 R Mar 6 T Mar 11 R Mar 13 T Mar 18 R Mar 20 T Mar 25 R Mar 27 T Apr 1 R Apr 3 Perfect Competition and the Supply Curve Ch. 9 Perfect Competition and the Supply Curve (contd.) Ch. 9 Hourly Exam # 3 Factor Markets and the Distribution of Income Ch. 12 Factor Markets and the Distribution of Income (contd.) Ch. 12 Quiz # 4 Monopoly Ch. 14 Monopolistic Competition and Product Differentiation Ch. 16 Quiz # 5 International Trade Ch. 17 International Trade (contd.) Ch. 17 Hourly Exam # 4 Externalities Ch. 19 Review for Final Exam Common Departmental Final Exam: 3:30-5:30 (This exam is cumulative ) T Apr 8 R Apr 10 T Apr 15 T Apr 17 T Apr 22 R Apr 24 S May 3

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