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ECON 3070-001 Intermediate Microeconomic Theory

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ECON 3070-001 Intermediate Microeconomic Theory
ECON 3070-001
Intermediate Microeconomics
Syllabus
Instructor: Unjung Whang
Time: MWF, 10 - 10:50 AM in MUEN E432
Office: ECON 206
Office Hours: 10-11AM on Tuesday and 3-4:00AM on Wednesday and by appointment
E-mail: [email protected] or [email protected]
Course Website: Desire 2 learn - D2L, https://learn.colorado.edu/
Required Textbook: Microeconomics, by David Besanko and Ronald R. Braeutigam (At least
4th Edition)
Course Objectives
In this course, we deal with the behavior of individual economic units. These units include consumers, workers, business firms–in fact, any individual that plays a role in the functioning of our
economy. Microeconomics explains how and why these units make economic decisions. We will
explore how these individual decisions affect the supply and demand for goods and services.
Prerequisites
Principles of Microeconomics (Econ 2010) or Introduction to Economics (ECON 1000) and Mathematics for Economists I and II (ECON 1078 & 1088) or MATH 1300 or MATH 1310 or equivalent
Grading
Your course grade will be determined by adding the points you received the two mid-term examinations, the final, the homework, and the class participation. Your course grade will be calculated
as follows:
Midterm 1
Midterm 2
Problem Sets
Final
Participation
20%
20%
20%
30%
10%
Important Note: Attendance will be taken daily and the participation will be based on your
attendance. If you miss 12 or more of the scheduled regular class meetings, you will automatically fail this course. There are no exceptions to this rule, so you are totally responsible
for all your missing classes. If you have any circumstances that you inevitably miss class, you have
to let me know before the class.
Examinations All exams will take place in the regular class room on the dates listed below.
• Mid-term Examination 1: Oct 04 (Friday), Regular class hours, so you will have 50 minutes.
• Mid-term Examination 2: Nov 11 (Monday), Regular class hours, so you will have 50 minutes.
• Final Examination: Dec 16 (Monday) between 4:30 and 7:00PM
You should consider these dates to be firm and put them in your schedule. If there is any change,
it will be announced sufficiently in advance. There will be no make-up exam. Make-ups for any
exam will be allowed under compelling circumstances. Any make-up exam will be taken prior to
the actual exam date, so you are required to make prior arrangements before the exam date. Each
exam will be composed of multiple choice and short answer questions. You should bring your
simple calculator to the exam. Exam questions will be based on material covered in lecture and the
problem sets. I will distribute the mock exam before the test. Note that if you have 3 or more
final examinations on the same day, they can arrange to take the Last Exam scheduled that day
at an alternate time. It is their responsibility to notify you no later than six weeks into the semester
and they must provide proof that you are administering their 3rd, 4th, or 5th exam of the day.
Homework: There will be five problem sets but only the best four will be counted. The maximum
score on each assignment will be 100 points. You could discuss homework questions with other
students but you should turn it in with your own work. Due dates for each homework will be
announced in advance and no late assignment will be accepted.
Participation: This will be based on your attendance and your participation during class.
Grading Scale
Your Score
93-100%
90-92%
87-89%
83-86%
Grade
A
AB+
B
Your Score Grade
80-82%
B77-79%
C+
73-76%
C
70-72%
C-
Your Score
67-69%
63-66%
60-62%
≤ 59%
Grade
D+
D
DF
Date
Topics
Aug 26 (M)
Aug 28 (W)
Aug 30 (F)
Sep 02 (M)
Sep 04 (W)
Sep 06 (F)
Sep 09 (M)
Sep 11 (W)
Sep 13 (F)
Sep 16 (M)
Sep 18 (W)
Sep 20 (F)
Sep 23 (M)
Sep 25 (W)
Sep 27 (F)
Sep 30 (M)
Oct 02 (W)
Oct 04 (F)
Oct 07 (M)
Oct 09 (W)
Oct 11 (F)
Oct 14 (M)
Oct 16 (W)
Oct 18 (F)
Oct 21 (M)
Oct 23 (W)
Oct 25 (F)
Oct 28 (M)
Oct 30 (W)
Nov 01 (F)
Nov 04 (M)
Nov 06 (W)
Nov 08 (F)
Nov 11 (M)
Nov 13 (W)
Nov 15 (F)
Nov 18 (M)
Nov 20 (W)
Nov 22 (F)
Nov 25 (M)
Nov 27 (W)
Nov 29 (F)
Dec 02 (M)
Dec 04 (W)
Dec 06 (F)
Dec 09 (M)
Dec 11 (W)
Dec 13 (F)
Reviewing syllabus & Math Review
Math Review
Math Review
No class (Labor Day)
Supply and Demand Analysis
Supply and Demand Analysis
Supply and Demand Analysis
Preferences and Utility
Preferences and Utility
Preferences and Utility
Consumer Choice
Consumer Choice
Consumer Choice
The Theory of Demand
The Theory of Demand
The Theory of Demand
Review for the first mid-term
Midterm Exam 1
Inputs and Production Functions
Inputs and Production Fuctions
Inputs and Production Fuctions
Costs and Cost Minimization
Costs and Cost Minimization
Costs and Cost Minimization
Cost Curves
Cost Curves
Cost Curves
Perfectly Competitive Markets
Perfectly Competitive Markets
Perfectly Competitive Markets
Perfectly Competitive Markets
Perfectly Competitive Markets
Review for the second mid-term
Midterm Exam 2
Competitive Markets: Applications
Competitive Markets: Applications
Competitive Markets: Applications
Monopoly and Monopsony
Monopoly and Monopsony
No Class (Fall Break)
No Class (Fall Break)
No Class (Fall Break)
Monopoly and Monopsony
Capturing Surplus
Capturing Surplus
Capturing Surplus
Final Exam Review 1
Final Exam Review 2
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Assignments
2
2
2
3
3
3
4
4
4
5
5
5
P.S. 1
P.S. 1 Due
P.S 2
P.S. 2 Due
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
Chapter
6
6
6
7
7
7
8
8
8
9
9
9
9
9
P.S 3
P.S. 3 Due
P.S. 4
P.S. 4 Due
Chapter
Chapter
Chapter
Chapter
Chapter
10
10
10
11
11
Chapter
Chapter
Chapter
Chapter
11
12
12
12
P.S. 5
P.S. 5 Due
Other Information:
Student with Disabilities The Department of Economics will make reasonable accommodations
for persons with documented disabilities. Students must notify their instructors no later than the
end of the first week of term, and provide documentation of the disability obtained from Disabilities
Services, N200 Center for Community, 107 CU-Boulder, Boulder, CO 80309-0107; 303-492-8671
Voice/TTY; 303-492-5601 FAX.
Religious Observances Campus policy regarding religious observances requires that faculty make
every effort to reasonably and fairly deal with all students who, because of religious obligations, have
conflicts with scheduled exams, assignments, or required attendance. If you have a conflict due to
a religious obligation, please see me at least one full week in advance so that alternate arrangements
can be made. Policies regarding religious practice are available at www.colorado.edu/policies/fac relig.html.
Classroom Behavior Students and faculty each have responsibility for maintaining an appropriate learning environment. Students who fail to adhere to such behavioral standards may be
subject to discipline. Faculty has the professional responsibility to treat all students with understanding, dignity and respect, to guide classroom discussion and to set reasonable limits on
the manner in which they and their students express opinions. Professional courtesy and sensitivity are especially important with respect to individuals and topics dealing with differences
of race, culture, religion, politics, sexual orientation, gender variance, and nationalities. Class
rosters are provided to the instructor with the student’s legal name. I will gladly honor your
request to address you by an alternate name or gender pronoun. Please advise me of this preference early in the semester so that I may make appropriate changes to my records. Polices regarding classroom behavior are available at www.colorado.edu/policies/classbehavior.html and at
http://www.colorado.edu/studentaffairs/judicialaffairs/code.
Discrimination and Harssment The University of Colorado Policy on Sexual Harassment and the
University of Colorado Policy on Amorous Relationships applies to all students, staff, and faculty.
Any student, staff or faculty member who believes s/he has been the subject of discrimination or
harassment based upon race, color, national origin, sex, age, disability, religion, sexual orientation,
or veteran status should contact the Office of Discrimination and Harassment (ODH) at (303) 492
2127 or the Office of Judicial Affairs at 303-492-5550. Information about the ODH and the campus
resources available to assist individuals regarding discrimination or harassment can be obtained at
http://www.colorado.edu/odh.
Academic Misconduct All students of the University of Colorado at Boulder are responsible
for knowing and adhering to the academic integrity policy of this institution. Violations of this
policy may include cheating, plagiarism, aid of academic dishonesty, fabrication, lying, bribery,
and threatening behavior. All incidents of academic misconduct shall be reported to the Honor
Code Council. [email protected], 303-725-2273. Students who are found to be in violation of the
academic integrity policy will be subject to both academic sanctions from the faculty member and
non-academic sanctions (including but not limited to university probation, suspension, or expulsion). Other information on the Honor Code can be found at www.colorado.edu/policies/honor.html
and at www.colorado.edu/academics/honorcode.
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