FRASER INTERNATIONAL COLLEGE
COURSE: |
ECON 103 |
SEMESTER: Summer2007 |
|
|
|
TITLE: |
Principles of
Microeconomics |
INSTRUCTOR: M. Lanyi |
Description:
This course is
designed with two main goals in mind. The primary purpose of the course is to
provide a sufficient understanding of the fundamental principles of economics.
This includes propositions about individual behaviour, output of firms, market
structure, and the organization of economic activity. It is also the intent of
this course to convince you that economics is an interesting field of study.
Required Text:
Allen, D. "Economic Principles: Seven Ideas for
Thinking…About Almost Anything."
McInnes Creek Press.
The text is only
available online at www.McInnesCreekPress.com. You can go to this
site, or get it from Doug Allen’s site at www.sfu.ca/~allen.
He has directions for purchasing, and advice if you have problems buying the
text.
Additional
handouts and practice problems will be distributed during the lectures as
needed.
Grading:
The final grades
will be based on the following weights:
Attendance and
Participation |
10 % |
Assignments |
15 % |
Midterm Exam |
30 % |
Final Exam |
45 % |
A C– or
better constitutes a pass in this course.
Reading List
Lecture 1: Introduction.
Allen: Chapter 1, 2.
Lecture 2: Demand Theory.
Allen: Chapter 3, 4, 5
Lecture 3: Exchange and Supply
Allen: Chapter 6
Lecture 4: Market Equilibrium
Allen: Chapter 10
Lecture 5: Applications of Supply and Demand
Allen: Chapter 10
Lecture 6: Gains from Specialization and Comparative
Advantage
Allen: Chapter 7 pp 127–134
Lecture 7: Production in the Short Run
Allen: Chapter 8 pp 144–152
Lipsey:
Chapter 7 On Reserve
Lecture 8: Cost in the Short Run
Allen: Chap. 7, pp 123–126;
Chap. 8 pp152-158
Lipsey:
Chapter 7: On Reserve
Lecture 9: Production and Cost: The Long Run
Lipsey:
Chapter 8: On Reserve
Lecture 10: Market Structure and the Competitive Firm
Allen: Chapter 9
Lecture 11: Monopoly and Price Searching
Allen: Chapter 13
Lecture 12: Oligopoly and Game Theory
Allen: Chapter 14
Lecture 13: The Organization of Markets and Institutions
Allen: Chapter 15, 16.