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Elemental Economics

Not Accounting, Not Business, Not Commerce, Not Mathematics  - Economics  

                                                       

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Dr. Harry Hillman Chartrand, PhD

Cultural Economist & Publisher

Compiler Press

©

h.h.chartrand@compilerpress.ca

215 Lake Crescent

Saskatoon, Saskatchewan

Canada, S7H 3A1
 

Curriculum Vitae

 

Launched  1998

 

 

INTRODUCTION TO MICROECONOMICS

Summary & Detailed Course Syllabus

Econ 111.01

Fall 2017-18

Instructor: Dr. Harry Hillman Chartrand, PhD

Class Time & Location: Arts 102 M, T, W, R, F, 8:30-10:50 am

Phone: n.a.

Email: hac308@mail.usask.ca

Website: http://www.compilerpress.ca/ElementalEconomics/

Office Hours: By Appointment

Tutorial: n.a.

Course Description: Shows the student how to understand the individual consumption and production decisions which are made within a market economy, guided by prices and costs. Economic concepts of supply, demand, cost, response to price changes, production, equilibrium, and income distribution are analyzed.
 

Required Text: principles of micro economics,

Mankiw, Kneebone & McKenzie (MKM), 6th or 7th Canadian Edition, Nelson Education

Lecture Notes are cross-referenced to chapter, page and graphic in MKM (6th /7th)

Notice

All Emails MUST include: Student Name & #, Course & Section #. 

Students are expected to review the Text before each Class and be prepared for questions

THEME

The Standard Model of Market Economics: Demand, Supply, Markets, Competition & Market Failure

Syllabus

Introduction: Concepts

Ch. 1: Ten Principles of Economics

Ch. 2: Thinking like an Economist

 

Demand

Ch. 21: Theory of Consumer Choice

 

Supply (Theory of the Firm)

Ch. 13: The Costs of Production

 

The Market

Ch. 4: The Market Forces of Supply & Demand

Ch. 7: Consumers, Producers and the Efficiency of Markets

Ch. 6: Supply, Demand and Government Policies

1st Midterm Test

Learning Outcome

What is the standard model of market economics?

Competition

Ch. 14: Firms in Competitive Markets

Ch. 15: Monopoly

Ch. 16: Monopolistic Competition

Ch. 17: Oligopoly

2nd Midterm Test

Learning Outcome

What are the different forms of market competition?

Market Failure

Ch. 10: Externalities

Ch. 11: Public Goods and Common Resources

Ch. 22: Frontiers of Microeconomics

3rd Midterm

Learning Outcome

What is Market Failure?

 

Final Examination

Learning Outcome

What is the Standard Model of Market Economics: Its Strengths & Weaknesses

 

Evaluation

5 Online Assignments - 15%

3 Midterms - 45%

1 Final Exam 40%

 

Online Tests, Midterms & Final Examination

For midterms and the final exam op scan sheets are used. Read the instructions carefully.  Each Student must use a lead pencil 'to fill in the dots' and code their Student NSID correctly.  Each Student is responsible for the legibility of their opscan sheet.  Fresh sheets will be issued any time during an exam.  No additional time will be allowed to copy a sheet or make corrections after the testing period.  Failure to correctly code a Student's NSID will result in delay of results.  Scheduling will be announced in class.

The weight of a missed midterm may be transferred to the Final Examination on condition documentation is provided for acceptable cause such as sickness, family emergency, jury duty, etc.

Five Online Tests (OTs) will be posted on Blackboard: (1) Demand; (2) Supply; (3) The Market; (4) Competition; and, (5) Market Failure.  They are 45 minutes long consisting of 30 multiple choice questions. They can be done anywhere with Internet connexion.

Ensure, however, that you set aside sufficient time (45 minutes) for the Test. There is no pause. Once started they must be completed. Students will have five attempts for each Test with the highest mark counting towards the Final Grade. The five attempts are intended to negate any technical disruptions. Please, do not wait until the last minute!  

OTs must be completed by 11:59 pm the night before each midterm.

The three hour (180 minute) Final Examination will include 100 multiple choice questions comprehensive of the entire Course.

 

Grade Scheme

Please see: http://students.usask.ca/academics/grading/grading-  system.php#GradingSystem USASK Policy on Academic Dishonesty

Please take note that plagiarism and other forms of academic dishonesty is subject to severe penalty at the University of Saskatchewan.  “Student Academic Dishonesty Rules of the University of Saskatchewan Council" (September 2000) are posted at http://www.usask.ca/university_council/reports/09-27-  99.shtml

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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