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Unformatted text preview: ECO 3357-01 Summer 2011 Intermediate Microeconomics Instructor Information Dr. Fidel Gonzalez Assistant Professor Department of Economics and Intl. Business Sam Houston State University Email: [email protected] Web Page: http://www.shsu.edu/~fxg001 Phone: (936) 294-4796 Office : SHB 237J Office Hours: MW 4.30–6.00 pm in the Faculty Lounge of the University Center in The Woodlands or by appointment. Send me an email if you cannot make it to my office hours to set an appointment. Course Information Meeting Place: UC MOWE 6:00-9.50 PM Course Number: ECO 3357-01 Course Content Microeconomics is the study of basic economic theory of individuals and firms. The main idea of the course is to provide you with the tools and knowledge the world around. This is a conceptual class, that you will be taught main laws and characterizations of the microeconomic activity. The course will teach you theories and applied techniques that you can use for many years. You will develop economic intuition and think like an economist. Topics include the basics of supply and demand, elasticity, taxes, production costs, perfect competition, monopoly, oligopoly, monopolistic competition, public goods and externalities. Some calculus is needed and I will teach it at the beginning of the semester. At the end of the semester you will be able to: A) Consumer Behavior: Economics is the study of the best allocation of scarce resources to meet unlimited wants. Understanding how consumers choose different amount or goods is essential to economics reasoning, B) Understand marginal cost and marginal benefit: in order to make good decisions to achieve the optimal allocation of resources it is essential to understand marginal cost and marginal benefits. C) Understanding the free markets: prices and the market system act with very little intervention to coordinate the production and consumption decisions of thousands of firms and millions of consumers. An understanding of the market system is fundamental for good decision making, in business and in life. Required Textbook Pindyck Robert and Daniel Rubinfield, “Microeconomics”, Seventh Edition, Pearson Prentice Hall, 2008. Assignments and Grading Grading will consist of the following two main categories only: exams and homework. Please notice that grades, assignments, power point slides, answer keys and all material will be posted on Blackboard. Exams : there will be three partial exams (including the final exam). The highest grade of the partial exam represents 35% of your grade, the second highest grade 30% and the third highest grade 20%. The Final Exam is a partial exam and covers only the material covered since Exam II. I will post on Blackboard a practice test with its answer key before each partial exam. All exams with the respective answer key will be posted on Blackboard few days after the exam day. There are no make-up exams. If you cannot take an exam for some reason you should talk to me BEFORE the test. If you do not take an exam then the final will have a higher weight. the test....
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This note was uploaded on 06/08/2011 for the course ECON 3357 taught by Professor Fidel during the Summer '11 term at Sam Houston State University.
- Summer '11