syll501a.s07 - The Ohio State University Department of...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
The Ohio State University Department of Economics Econ. 501.02 Prof. James Peck Spring 2007 office phone: 292-0182 http://www.econ.ohio-state.edu/jpeck/Econ501a.htm e-mail: peck.33@osu.edu fax: 292-3906 440 Arps Hall (top floor) Syllabus--Intermediate Microeconomic Theory Course Summary and Objectives: This course covers the central topic in Economics, price determination, by examining the demand and supply responses of consumers and firms, each of whom treat prices as parameters in their decision making. Of affordable “baskets” of goods, consumers choose the one which maximizes their utility or well being, from which we derive the demand curve. Firms choose the combination of inputs and outputs that maximizes their profits, subject to the constraints imposed by their technology, from which we derive the supply curve. Using Calculus allows a more rigorous approach, which I will attempt to supplement with newspaper articles and other materials. Lectures: M-W 9:30 - 11:18 in 387 Arps. Office Hours (440 Arps Hall): Tuesdays and Wednesdays 2:00-3:00. Text: Binger, Brian R. and Elizabeth Hoffman, Microeconomics with Calculus , Second Edition, Addison-Wesley, 1998. Requirements: The course grade consists of homeworks 15% midterm exam 35% final exam 50% Homeworks will be graded by the Grader. There will be approximately 4-5 assignments. Each student is entitled to one extra credit project.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 4

syll501a.s07 - The Ohio State University Department of...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online