syllabus - Syllabus for Introduction to Microeconomics...

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Syllabus for Introduction to Microeconomics SPRING 2009 Professor Jeffrey Rubin Office: NJ Hall Room 430 Office Hours: Monday 2 p.m. to 4 p.m. and by appointment Email: [email protected] Phone: 732-932-7452 220:102 Section 1 11:30 a.m. to 12:50 p.m. Monday and Thursday Scott Hall Room 123 The TA for this course will be announced later. I will post office hours for the TA early in the semester. NOTE: The final exam for this class is scheduled for 8:00 a.m. on Thursday, May 6. Please make your travel plans accordingly. I will not give the exam at any time other than the designated period. The room for the final exam will be announced at a later date. The co-requisite or pre-requisite for this class is pre-calculus (01:640: 111, 112 or 115) or placement into calculus. Text: Principles of Microeconomics , N. Gregory Mankiw, 5 th edition Study Guide , Hakes, 5th edition You will also need online access to Aplia (an online homework system). Information about Aplia is available under “Resources” in Sakai. Do not buy anything until you read my announcement about Aplia and the book. This course consists of two 80 minute lectures each week. Class meets Monday and Thursday in Scott Hall 123 on the College Avenue Campus. The lectures will present basic material in microeconomics, with an emphasis on the analytical techniques commonly used in economics.
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In Introduction to Microeconomics students will learn the meaning and relevance of basic economic concepts including opportunity costs, positive and normative economics, scarcity, tradeoffs, comparative advantage, marginal analysis, efficiency and equity, and market failure. Students will also learn: 1. How to use the basic supply and demand model to understand how markets work. 2. How elasticity is calculated and its relevance to understanding markets. 3. How to analyze consumer behavior with respect to decisions about consumption, savings and employment. 4. How to analyze decisions firms make about pricing, output, employment and investment. 5. How to analyze the behavior of firms in alternative market structures including perfect competition, monopoly, monopolistic competition and oligopoly. 6. How to use the concepts of equity and efficiency to analyze and evaluate government policies in such areas tax policy, environmental policy, etc. 7. How to apply economic concepts and ideas to situations not specifically covered in class. I build my lectures around a set of slides that are based on the Mankiw text. You can get a copy of a set of these slides, with lots of important information missing and to be filled in during class, on the Aplia site for this course. Go to the Aplia site for this course and click “View All” under “Course Materials.”
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syllabus - Syllabus for Introduction to Microeconomics...

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