Principles of Microeconomics (EC-101-F-07/FA)

Tues/Thurs 10:00-11:15am, Sawyer 1029

FINAL EXAM Thurs December 13th 1:00-2:50pm

Dr. Benjamin Powell

Department of Economics

1 Bowdoin Sq. (6^th Floor)

bpowell@suffolk.edu (best way to reach me)

617-573-8023

Office Hours: Tues and Thurs 2-3pm or by appointment

My goal for you in this course is to help you begin to “think like an economist.” Economic theory provides a set of glasses which we can use to analyze problems in business, public policy and everyday life. Economics is the study of choice under conditions of scarcity. Economics is not just about stock markets or business, though it includes them. There is an economic way of analyzing just about all aspects of life, from stock markets to sports to marriage and everything in between. In this course you will be introduced to the general principles of microeconomics and the tools economists use to analyze the world.

Book:

Economics 8^th edition by Michael Parkin

Grading:

Quizzes 25% (12.5% each)

Exam 1 & 2 50% (25% each)

Final Exam 25%

Your final exam will be comprehensive.

Academic Integrity

Any student caught cheating on an exam or plagiarizing will receive a grade of “0” on the assignment. I also reserve the right to report the offending student to the Dean of Students. Consult your student handbook for further information.

Tentative Schedule

Date Topic Readings

Sept. 6^th Intro Ch. 1

Sept. 11^th/13^th The Economic Problem Ch. 2

Ch. 1 Appendix

Sept. 18^th/20^th Demand and Supply Ch. 3

Sept. 25^th/27^th D&S Cont. and Quiz Ch. 3

Quiz Sept 27^th

Oct. 2^nd/4^th Elasticity Ch. 4

Oct. 9^th/11^th Markets in Action Ch. 6

Oct. 16^th/18^th EXAM 1 Oct 16^th

Thurs – Efficiency & Equity Ch. 5

Oct. 23^rd/25^th Utility and Demand Ch. 7

Oct. 30^th/Nov 1^st Organizing Production Ch. 9

Nov. 6^th/8^th Output and Costs Ch.10

Quiz Nov 8^th

Nov. 13^th/15^th Perfect Competition Ch. 11

Nov. 20^th EXAM 2 Nov. 20^th

Nov. 27^th/29^th Monopoly & Oligopoly Ch. 12 & 13

Dec. 4^th/6^th Regulation and Anti-Trust Ch. 14

Dec. 13^th Thurs 1:00-2:50pm Final Exam Sawyer Room 1029.