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economics 212 syllabus spring 2008

economics 212 syllabus spring 2008 - PRINCIPLES OF...

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PRINCIPLES OF MICROECONOMICS ECONOMICS 212 SPRING 2008 INSTRUCTOR Daniel Hoffman Office: CBA 367 Office Hours: 6:00 – 6:30 pm Tuesday evenings and by appointment 570-0075 (c) Department of Economics: 472-2319, CBA 340 E-mail: [email protected] COURSE DESCRIPTION This may be the first course in economics for some students while other students will be taking this course in sequence after Economics 211 (macroeconomics). This basic course in microeconomics presents a set of principles which economists believe govern the actions of several components of our society. The course will involve studying economic concepts, which will be used in building some of the most important and basic economic models. These models aim at explaining the role and behavior of economic actors such as consumers, producers, and institutions in society. For example: Jim’s demand for DVDs; the pricing, output and profit making of the airline industry; reaction of consumers and producers to changes in prices, incomes, etc. Graphs, theory and some math will be used as tools in this process. We will use real world examples to make more practical sense of the theoretical models that we will build. THE CLASS ITSELF During this course you will take a lot of notes. It is imperative that active participation occur. It is vital in making this learning process interesting and useful.
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