ECON116Syl_PplesMicroEconFall2017f.pdf - Principles of...

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1 Principles of Microeconomics ECON 1116-01 Department of Economics, Northeastern University Fall 2017Prof. Catalina Herrera Almanza Office: 323 Lake Hall Phone: (617) 373-6276 Email: [email protected] Course Websites: Blackboard, Office Hours: Mondays, 10:45 -11:45 am;Thursdays, 5:006:00 pm, and by appointment. Teaching Assistant:Xiaowei AnEmail: [email protected] Office Hours: Tuesdays 2:30 to 4:00 pm; Wednesdays 3:00 to 4:30 pm. Room 310 Lake.Course Meetings: Mon, Wed and Thu 9:15-10:20 AM Snell Library 031 Course Description Principles of Microeconomics-ECON 116-04 is an introductory course in economics. The course is designed to teach you the basic microeconomic concepts as tools for analysis of economic problems, particularly, in the context of developing countries. Microeconomics is the branch of economics that studies the interaction of households and firms in individual markets. We will learn the concepts of supply, demand, market price and their application to consumer behavior, profit maximization, labor markets, and government interventions as well as market structure. Using these tools and concepts, we will analyze questions in the context of developing countries such as: why do we care about externalities (i.e., the cost/benefit that affects individuals who did not choose to incur that cost/benefit) to mitigate climate change or to eradicate diseases such as malaria?; why might the minimum wage be “harmful” for some workers?; what is the effect of subsidies for fertilizers in agricultural productivity?; among other microeconomic problems in less developed countries. Course Materials The required textbook for the course is: Marnkiew G. Principles of Microeconomics, 7th edition. -Bundle (Print text + Aplia) ISBN: 9781305124332-Aplia (Includes the eBook as an all-in-one solution ISBN: 9781285850917 This will be available at the university bookstore or online though Cengage website: http://Please note that Aplia is an additional material to the textbook. It is an online website that I will use to post homework and practice questions. You will have the option of buying the printed
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