xid-2513836_1

xid-2513836_1 - PRINCIPLES E SPRING SEMESTER 2011 OF...

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1 P RINCIPLES OF M ICROECONOMICS E CONOMICS 2023-01 S PRING S EMESTER 2011 D R . J OE C ALHOUN F LORIDA S TATE U NIVERSITY C OLLEGE OF S OCIAL S CIENCES AND P UBLIC P OLICY D EPARTMENT OF E CONOMICS HCB 101 Tuesday & Thursday; 12:30 - 1:45 pm C OURSE D ESCRIPTION L EARNING G OALS Economics is the study of how people make choices due to scarcity of resources. This class will focus on the market system of economic choice. We will analyze how individuals, or relatively small groups of individuals, involved in the market system make choices and how society's economic activities are organized. We will also investigate how government policy impacts market outcomes. John M. Keynes, a distinguished economist, wrote “Economics does not furnish a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions.” As such, the general objective of the course is to provide you with analytical tools to apply to microeconomic problems that you will encounter every day. Specifically, this course is designed to help the student master an understanding of: 1. How economic thinking can lead to better decision making 2. How choices are influenced by changes in incentives 3. How a market economy can produce desirable outcomes 4. How a market economy can produce undesirable outcomes 5. How consumers make decisions 6. How firms make decisions 7. How groups of firms (industries) determine market outcomes 8. What policy makers can do to influence market outcomes 9. How productive resources are used 10. How earnings and productivity are related P REVIEW O F T HE S EMESTER S CHEDULE The following is the order in which we will proceed through the text. I will make every effort to follow this order in its entirety. However, adjustments may be needed during the semester and I will give you as much advanced notice as possible. My general approach is that exam dates will not be moved but the material covered for each may be revised as necessary. Chapters 1, 2, 3, 7, 8, 4, 5, 6, 9 (only certain sections), 10, 11, 12 & 13 C ONTACT I NFORMATION AND O FFICE H OURS My office is located in 260 Bellamy, 850/644-3014. My email is jcalhoun@fsu.edu. When sending email, you MUST completely identify yourself which includes stating your full registered name and your class. For example, end with “John Doe, Micro 12:30” or “Jane Doe, ECO2023-01.” To the best of my ability, I will be available to you outside of class on Mondays and Wednesdays from 11:00 to Noon, and on Tuesdays and Thursdays from 3:30 to 4:30 pm. You do not need to schedule an appointment during regular office hours- I will see students on a first-come, first-served basis during
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2 those times. I am usually on campus every day so you can request an appointment outside regular office
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xid-2513836_1 - PRINCIPLES E SPRING SEMESTER 2011 OF...

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