INTERMEDIATE MICROECONOMICS

211.3 (02) Term 2, 2005

  0. COURSE OUTLINE

Instructor:         Harry Hillman Chartrand                                                     Phone: 244-6945
Location:        Arts 134                                                                           Email: h-chartrand@shaw.ca
Class Hours:   1:00-2::20 Tuesday/Thursday                                 Website: http://members.shaw.ca/

elementaleconomics

Office Hour:    9:30-10:15 M/W/F STMC 449                                           Tutorials: to be announced  

Required Text: Mansfield & Yohe, Micro Economics, 11th Ed., W.W. Norton

Optional Texts:   Mansfield & Yohe, Micro Economics, 10th Ed., W.W. Norton

                   Browning & Zupan, Microeconomics: Theory and Application, 7th Ed., NYC, John Wiley, 2002

                          Besanko & Braeutigam, Microeconomics An Integrated Approach, John Wiley & Sons, 2002

Evaluation: graphic narrative with minimal mathematical expression

3 in class tests                 @ 20% = 60%
1 Final Exam                    @ 40% = 40%  

                                                      100%

 Progressive grading to account for improved performance.

1. Introduction

1.1 Caution!

1.2 The Just Price

 Lecturers

2. Consumer Theory                

2.1 Who are consumers?

2.2 Utility

2.3 Constraints

2.4 Maximization

2.5 Effects

2.6 Curves & Indices

2.7 Demand & Elasticity

1st Midterm

 Lecturers plus B&Z Ch. 3, 4 & 5; M&Y Ch. 2, 3, 4 & 5 (partial)

3. Producer Theory

3.1 Who is a Producer?

3.2 Terms & Assumptions

3.3 Production Function

3.4 Cost & Supply Curves

3.4.1 One Variable

3.4.2 One Fixed Factor

 Lecturers plus B&Z Ch. 7 & 8; M&Y Ch.5 (partial), 7 & 8

4.Competition

4.1 Terms & Assumptions

4.2 Perfect Competition

4.3 Imperfect

4.4 Monopoly

4.5 Monopolistic

4.6 Oligopoly

2nd Midterm

 Lecturers plus B&Z Ch.9, 10, 11, 12 & 13; M&Y Ch. 9, 10, 11, 12 & 16

 5. General Equilibrium

  5.1 Complications

 Lecturers plus B&Z Ch. 19; M&Y Ch. 16

 6. Public Policy

6.1 Origins

6.2 Competition

6.3 Equity

6.4 Externalities

6.5 Public Goods

6.6 Complications

3rd Midterm

 Lectures plus B&Z Ch. 20; M&Y Ch 19
 

 

Mansfield & Yo Glossary

Required Answer Format

A graphic narrative including concise or ‘economic’ specification of:

1. Assumptions

a) Model
b) Components (what is graphed?)
c) Coefficients (what shapes the curves)

2. Definition of Terms

3. Graphic Presentation
4. Reading the Graphs, Statement of Significance and/or Policy Implications

 

Plagiarism & Academic Dishonesty will not be tolerated.