University
of Wisconsin - Fond du Lac
Eco
204 - Introduction to Microeconomics
Fall 2007/Sec 02
COURSE
INFORMATION
INSTRUCTOR: Dr. Sayeed Payesteh OFFICE: C-211
http://www.fdl.uwc.edu/faculty/spayeste/ PHONE: 929‑3655
e-mail: spayeste@uwc.edu
OFFICE HOURS: MW
CLASS TIMES: T
TEXTBOOK: McEachern,
W. A., Economics: A
Contemporary Introduction, 7th Edition, South-western, 2006.
OBJECTIVES:
The primary purpose of this
course is to develop a basic understanding of the major concepts, theories, and
tools used in analyzing the economic behavior of consumers and firms in a
market economy. Among the subjects
included are demand and supply model, elasticity, minimum wage and labor
market, cost and production, pricing under different market structures,
government regulations, and global trade.
Proficiencies:
A UW Colleges-wide assessment program has been put into
place to enhance the quality and effectiveness of the curriculum, programs and
services of the institution. The following areas of proficiency will be
assessed because they are of primary importance in the education of our
students: Analytical Skills, Quantitative Skills, Communication Skills,
and the Aesthetic Engagement. The Business and Economics Department has
also determined a number of core proficiencies for students enrolled in
departmental classes. For more
information on these, please contact the instructor.
Class
attendance, Participation, & preppartion
Regular
attendance is expected along with active class participation. Participation in
class is an important part of your learning experience. For successful completion of this course, you
should follow a disciplined approach to studying. Here are some tips:
Ř
Spend
some time on the course every day, whether you have class or not.
Ř
Read
the assigned sections in the text (prior to being covered in class).
Ř
Learn
the vocabulary and terminology so you don’t have to “translate” during the
lecture.
Ř
Work
more than the minimum required sets of homework problems.
Ř
Even
though you are allowed a cheat sheet, it is best to study as if the exam is
totally closed book.
Class discussion quizzes
Quizzes will be given on a regular basis in the
class. Students will form 3-person teams
to work on these quizzes (2 in exceptional cases.) A number of these quizzes will be collected to
reward points for attendance and active class participation as shown in the
table below.
|
Minimal attempt |
2 point |
|
About one-half of the
problems completed with solutions shown/explained |
5 points |
|
Most of the problems
completed with solutions shown/ explained |
8 points |
|
All problems completed with
solutions shown/explained |
10 points |
The quizzes will be discussed during the lecture. Solutions
will not be posted. Some of the
points on each exam will be given to questions similar to the worksheets.
Quizzes done by a single person or more than 3 persons will not be given credit. No
worksheet will be accepted after the class.
No make up quiz will be
given. One miss will be allowed.
If you miss a class it is your responsibility to find
out what was covered and assigned.
Homework
Homework will be assigned in class and should be done
before the next class period. Current
homework problems will be discussed at the beginning of the lecture. Solutions will not be posted.
You may also check your solutions with me in my office. Your knowledge of homework problems will be
tested on the exams. Some of the
points on each exam will be given to questions similar to the homework
problems. Working with other students on the assignments is highly recommended
Classroom
coduct
Please
turn off cell phones and any audible device during class. Also note that
private conversation during class is distracting to both the instructor and the
other students. Likewise, walking in late and leaving before the class has
ended impede the learning of all students.
If you know that you will need to leave class early please sit near the
exit.
Exams
The course grade will be based
on class participation, homework, quizzes, 3 midterms, and one comprehensive
final exam. All exams are closed book and closed note. You will be allowed to use half of a page of notes containing
definitions and/or formulas only. Document
containing solutions to problems (examples, homework, quizzes, etc.) are not
allowed.
As a
general policy, there are no make-up exams. Anyone missing an exam will receive
a zero score.
Make-up
exam may be considered on exceptional basis only for the following reasons:
a.
Participation in an authorized University activity.
b.
Confinement due to illness, under a doctor’s care.
c.
Death in the immediate family.
d.
Participation in legal proceedings that requires your presence.
Documentation
is required (e.g., letter from a university official, a doctor, lawyer, or
funeral director). This policy will be strictly enforced.
|
|
Grading
|
Score |
Grade
|
|
92 – up |
A |
|
89 - < 92 |
A- |
|
87 - < 89 |
B+ |
|
84 - < 87 |
B |
|
80 - < 84 |
B- |
|
75 - < 80 |
C+ |
|
70 - < 75 |
C |
|
65 - < 70 |
C- |
|
60 - < 65 |
D+ |
|
57 -< 60 |
D |
|
55 - < 57 |
D- |
|
< 55 |
F |
|
Exam
1: Oct. 2 (M) |
20% |
|
Exam 2: Oct
30 (M) |
20% |
|
Exam 3: Nov
20 (W) |
20% |
|
Final Exam (TBD) |
30% |
|
Attendance &
Quizzes |
10% |
TENTATIVETIMETABLE FOR FALL 2007
REQUIRED
I. Basics:
The Art
and Science of Economic Analysis
Chapters
1
Some
Tools of Economic Analysis
Chapter
2
The Market System
Chapter
4
II. Microeconomics:
Elasticity
of Demand
Chapter
5
EXAM
I - Oct. 2
Consumer
Choice and Demand
Chapter
6
Production and Cost in the Firm
Chapter
7
Perfect
Competition
Chapter 8
EXAM II - Oct.
30
Monopoly
Chapter 9
Monopolistic
Competition and Oligopoly
Chapter 10
Resource
Markets
Chapter
11
Labor Markets
and Labor union
Chapter
12
EXAM III - Nov. 20
THANKSGIVING RECESS - Nov. 22-23
Economic
Regulation
Chapter
15
III.
International Economics
International Finance
Chapter
33
Final Exam--TBA