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Unformatted text preview: Econ 301 Microeconomics Spring Quarter 2011 Syllabus Tuesday and Thursday 4:00 -5:50 pm, Pearl 302 Professor Mian Dai Department of Economics and International Business LeBow College of Business Office : Matheson 503 G (215) 895-2536 E-mail: firstname.lastname@example.org Office Hours: Tuesday 6:00-7:00 pm TA: Dhananjay Sawant ( email@example.com ) Course Description The objective of Econ 301 is to teach you how to use structured thinking based on microeconomic theory to enable your intuition about how economic fundamentals (e.g., demand, cost, market structure, and government policy) determine the prices that prevail in a market. An understanding of the economic fundamentals governing the distribution of value in markets is critical to informed strategic decision making on issues such as pricing, new market entry and exit decision. More specifically, by the end of the course, you will learn the following things: 1. How to construct logically grounded analysis of competitive market that allow you to make educated conjecture about pricing in the market. 2. Identify the categories of cost that are relevant for decisions such s pricing, new market entry and exit. 3. Construct models of how government policy shapes the market price and distribution of values in the competitive markets. 4. How the interplay between cost and demand fundamentals determines profit maximization decisions. 5. Use game theory to analyze the outcome in oligopoly markets. To accomplish these goals, the course is divided into five parts 1. Basics about demand and supply analysis. 2. Fundamentals about consumer utilities and how it is related to demand function. 3. Fundamentals about cost and how is it related to supply. 4. How to analyze government policy with demand and supply tools....
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- Spring '11