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ECN212_900amFall10 - COURSE SYLLABUS OUTLINE ECONOMICS 212...

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COURSE SYLLABUS & OUTLINE ECONOMICS 212, LEC 71812—MICROECONOMIC PRINCIPLES Instructor: Dr. John E. Filer Fall Semester, 2010 Office: BAC 562 Office Hours: 10:30 A.M.-11:45 A.M., T,Th Office Phone: 480.965.7645 Other times by appointment. Email: [email protected] The class meets from 9:00 A.M. to 10:15 A.M., Tuesday and Thursday, in BAC 116. First class: Thursday, August 19, 2010. Last class: Tuesday, December 7, 2010. No classes: Thursday, November 11 (Veteran's Day); Thursday, November 25 (Thanksgiving). Course Withdrawal Deadline: Wednesday, November 3, 2010 (in person or on-line). Complete Withdrawal Deadline: Tuesday, December 7, 2010. Final Exam: 7:30 A.M. 9:20 A.M., Thursday, December 9, 2010. The textbook for the course is MICROECONOMICS , 8 th Edition, by Boyes and Melvin, Cengage, Publishers. The textbook, the study guide that accompanies the textbook (a combined " A.S.U. Edition " is available at the A.S.U. Bookstore) and access to Aplia (there is an access key with the A.S.U. Bookstore package) are all required for this course. Go to www.Aplia.com and enter this course key: F6HR-SJDN-CLJW. GOALS AND OBJECTIVES The goal of this course is to teach the students the principles of microeconomics. Your first course in economics, Economics 211, Macroeconomic Principles, was concerned with the "big" picture of the economy (from the Greek macro , meaning "large") and included an analysis of the entire U.S. economy, interest rates, inflation, unemployment, the business cycle, the Federal Reserve System, and so on. In microeconomics, (from the Greek micro , meaning "small") we examine the individual decision-making units that make up the macroeconomy, including the individual consumers that make up the household sector, and the individual firms that make up the business sector. As such, there is no more important course in any business school. Insofar as microeconomics explains how individual consumers, and groups of consumers, and individual firms, and groups of firms, make decisions, a thorough understanding of microeconomics is necessary if one is to become a management major (how to run a firm), a marketing major (how to market a firm's products), a finance major (how to pay for a firm's investments), and an accounting major (how to keep score, with respect to the profitability of a firm.) Of course, microeconomics, or price theory , is the backbone of the academic discipline of economics. We will meet 30 times between August 19 and December 7, inclusive. Over the semester we shall cover Chapters 1 through 14, inclusive, in detail. As time allows, we shall also cover specific portions of Chapters 15 through 18, inclusive. This pace will require that you read approximately one chapter each week, on average, between August 19 and December 9, which is the date of the final exam. Some chapters are easier than others, and there will be
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times when we cover more than one chapter per week, and other times when we cover less than one chapter each week. In general, the earlier chapters will be covered more quickly than the later chapters. I strongly recommend that you do not fall behind in reading the chapters.
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