Tuesday & Thursday; 12:30 - 1:45 pm
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
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:
How economic thinking can lead to better decision making
How choices are influenced by changes in incentives
How a market economy can produce desirable outcomes
How a market economy can produce undesirable outcomes
How consumers make decisions
How firms make decisions
How groups of firms (industries) determine market outcomes
What policy makers can do to influence market outcomes
How productive resources are used
10. How earnings and productivity are related
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
My office is located in 260 Bellamy, 850/644-3014.
My email is email@example.com.
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