Syllabus_Fall_2006 - Dr Lydia Ortega Office DMH 145 Phone...

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Dr. Lydia Ortega Economics 101--Microeconomic Analysis Fall 2006 Office: DMH 145 Office Hrs: Thursdays: 2:30- 4:30 Other days by Appointment ldortega @ Phone: 924-5405 Econ 101 01 40845 Monday 1830-2115 CONTACT INFORMATION -- In addition to the office hours listed above I'm available by appointment and email. I respond promptly to email if you put "Micro Student" in the subject box. I'm also occasionally available on Sunday if you have a study-group meeting. Warren Gibson is available for limited tutoring. Contact him directly at [email protected] . The Department offers tutoring in DMH 139. COURSE OBJECTIVE -- The objective is to enhance your analytic ability and to prepare you for further study in economics by schooling you in the tools of advanced microeconomic theory. In so doing, we explore the resource allocation problem with an eye toward efficient allocation from a social perspective. Economics is the study of choice; microeconomics is the study of how prices direct choices. We encounter prices in every aspect of our lives. Such familiarity, however tends to breed a nonchalance which obscures the significance of prices. In this course we learn the theory of prices-- their function and how they are generated. This analysis requires that we delve behind the simple supply and demand curves learned in principles. The theory of price is divided into 4 sections: (1) consumer behavior--behind the demand curve, (2) producer behavior--behind the supply curve, (3) market behavior--the interaction of consumers and producers, and (4) prices in the presence of market imperfections--information costs, externalities and public goods. This intermediate level course is an intensive boot camp for microeconomic tools . You are here because you enjoy analytical thinking and problem-solving (or because you are an economics major and HAVE to be here). My job is to see to it that you are comfortable tossing around indifference curves or playing with cost curves. The tools you learn in this course are the foundation for economic analysis in all other courses. To enhance your analytic ability, we cover various problem-solving techniques and make explicit the connection between problem solving and economic theory. LEARNING GOALS Students will have a deeper understanding of the theoretical foundations behind supply, demand and cost curves. Students will have confidence in analyzing situations using theoretical tools and fundamental economic concepts. Students will know how to engage in effective problem solving to produce reasoned answers. REQUIRED MATERIALS Textbook: Microeconomics, 6/E Study Guide, 6/E Suslow & Hamilton, Prentice Hall Supplies: Scantrons (LOTS) A clear plastic ruler plus red, blue, yellow, and green colored pencils or highlighters.
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STRONGLY RECOMMENDED Subscribe to the Department’s list serve and join faculty, students and alumni in discussions on interesting economic issues. The group is called the Barstool Economists. All economics majors are
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Syllabus_Fall_2006 - Dr Lydia Ortega Office DMH 145 Phone...

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