Syllabus for prin. of micro



Department of Economics Dr. Hashem Dezhbakhsh

Office: 312C Rich Building

Principles of Microeconomics (ECON 101) Telephone: (404) 727-4679

Office Hours:

Tuesdays and Wednesdays 2:00-4:00 or by appointment

Textbook:

Mankiw, Gregory N., (2015), Principles of Microeconomics, Dryden Press,.7th edition.

Mankiw Study Guide is Optional.

Web Sites for the textbook:



This is a very useful web site that includes application cases, news stories, links, and quizzes related to each chapter. I strongly urge you to integrate it into your readings.

Overview:

The objective of the course is to familiarize the students with the way market economies function. More specifically, we discuss the theory of consumer behavior, theory of firm, various market structures, and the labor market. In addition, we cover a host of related topic including public goods, externalities, environment, health care, and stock market. Current issues are particularly emphasized and discussed on a regular basis.

Examinations and Grading Policy: Exam location may be different than regular class location (check BB)

Exam I: 40%, Tuesday October 6, regular class time You Must Bring Your Student ID to All Exams

Exam II: 40%, Thursday November 12, regular class time

Exam III: 20%, Thursday, December 10, 3:00-5:00 p.m. (This exam is not comprehensive).

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Failure to take a test will lead to a score of zero for that test. No exception will be made.

Make up exams are allowed only in medical emergencies (written verification required).

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Grades are not curved (60-69 is D, 70-79 is C, 80-89 is B and 90 and up is A with pluses and minuses in each range). Students may earn bonus points, however, to improve their grades. Bonus points are given for pop quizzes, assignments, success in experimental games, and active class participation. Assignments will not be accepted late. No make-up quizzes will be given.

Assignments include (i) short exercises assigned occasionally and collected in the following class and (ii) extensive homework sets. There will be three homework sets. You are expected to turn in the problems designated as TURN-IN in these homework sets. All other problems are for your preparation. Solutions will be posted right after the due date for the TURN-IN problems (see the class-by-class schedule next page).

Before each class, brief lecture notes will be posted on Blackboard as a Power Point attachment. The posted notes should not encourage you to skip class, as they are incomplete. Print these and bring to class to fill in the blanks. Exams will cover the assigned reading from the textbook, the core material discussed in the lectures, and also the problem sets. Some material covered in lectures, such as current events, are not from the textbook. It is, therefore, important to attend class on a regular basis. Casual attendees will not be accommodated.

Teaching Assistants:

Graduate TA: Ms. Anne Hannusch, currently a Ph.D. student in economics is the course graduate TA. You can reach her at anne.hannusch@emory.edu. She will hold office hours Tuesdays 4:00-5:30 p.m. and Wednesdays 1:00-2:30 p.m. in Rich Building Room 310B.

Undergraduate TAs: Ms. Talia Bernhard, Ms. Alexis Korman, and Ms. Halle Sovich all among my outstanding former students, will help as undergraduate TAs. Their e-mail addresses are talia.mirit.bernhard@emory.edu, akorman@emory.edu, and hsovich@emory.edu, respectively.

Feel free to contact the TAs if you need help.

Honor Code Violations will be dealt with decisively (failing grade and expulsion from school).

“The honor code is in effect throughout the semester. By taking this course, you affirm that it is a violation of the code to cheat on exams, to plagiarize, to deviate from the teacher’s instructions about collaboration on work that is submitted for grades, to give false information to a faculty member, and to undertake any other form of academic misconduct. You agree that the teacher is entitled to move you to another seat during examinations, without explanation. You also affirm that if you witness others violating the code you have a duty to report them to the honor council.”

Expected Student Conduct:

Please do not miss any class. Students who miss class will not be accommodated and absentees will lose bonus points.

Adherence to the following guidelines in class.

■ Be on time. Late arrival disturbs the lectures and will not be allowed.

■ Turn your mobile phone and other electronic gadgets off before you enter class. Your bonus points will be reduced if your phone rings or if you use your cell phone or send messages in class.

■ Participate in class discussions. Be attentive and take detailed notes.

Please adherence to the following when outside class.

■ Look over the assigned material before class and read it carefully after the lecture.

■ Do the assigned homework problems on a regular basis. Economics requires gradual learning.

■ Please discuss with me any problems you may have in the course or any suggestions to improve the course.

About Blackboard:

Blackboard is a communication medium used to make announcements, distribute handouts and lectures, post reading material, collect assignments, and record and distribute grades. To get to the Blackboard main page go to and then use your e-mail ID and Password to log in and select our course. If you cannot log in, you perhaps have difficulty with your e-mail (network) ID and password. You may contact classes@emory.edu for any problems or questions you might have. There are several navigation buttons on the left that we use to organize and classify information. Among these are

Announcements used to make various announcements. Please read this section regularly.

Syllabus & Lectures used to post syllabus and lecture presentations.

Assignments used to post syllabus, homework, and homework solutions.

Discussion Board used to post comments and conduct virtual discussion. The board will be

Divided into several sections, each devoted to a particular discussion; for

example, Administrative and Reading-Related, and Homework-Related.

Additional Reading used to post non-textbook reading material (supplementary reading).

We will not use Learnlink, except for e-mail exchange.

Self Assessment Scores:

You are asked to assess the effort you put into each class on scale of 0 to 5, with 5 indicating the most effort. You will record these scores on the last page of this syllabus on a weekly basis. Detach this page and turn it in toward the end of the semester as stated in the syllabus. You get 2 bonus points for turning this score sheet in, irrespective of the scores you report. These scores will be used to study course outcome only after the semester is over and grades are reported. We appreciate your honest assessment of your efforts which makes the scores meaningful.

Printing Class Notes:

PowerPoint slides for each lecture are posted before class. Print these notes, bring to class, and use it as the basis for taking additional notes. To avoid wasting paper and color ink, print the slides in handout and black and white mode.

Reading List and Class-by-Class Schedule:

I- Basic Economic Concepts, Production Possibilities, and Comparative Advantage

Classes #1, #2, and #3: (August 27, September 1 and 3)

Reading Material: Mankiw Chapters 1 and 2

Lecture Notes: 101-01, 101-02, 101-03

Assignments: Skim over each reading material before it is discussed in class and then read it carefully after it is covered in class. Print class notes for this lecture before coming to class and use it as the basis for additional note taking.

Homework: Do the problems in the Basic Economics Concepts section of Homework Set #1.

Record your self evaluation score in the last page of the syllabus.

Class #4:. (September 8)

Reading Material: Mankiw Chapter 3

Lecture Notes: 101-04

Assignments: Skim over each reading material before it is discussed in class and then read it carefully after it is covered in class. Print class notes for this lecture before coming to class and use it as the basis for additional note taking.

Homework: Do the problems in the Production Possibilities & Comparative Advantage section of Homework Set #1.

II- Demand Supply, Equilibrium, Disequilibrium, and Elasticity

Classes #5 and #6:. (September 10 and 15)

Reading Material: Mankiw Chapter 4 and Chapter 6 (up to Taxes)

Lecture Notes: 101-05 and 101-06

Assignments: Skim over each reading material before it is discussed in class and then read it carefully after it is covered in class. Print class notes for this lecture before coming to class and use it as the basis for additional note taking.

Homework: Do the problems in the Demand Supply, Equilibrium, and Disequilibrium section of Homework Set #1.

Record your self evaluation score in the last page of the syllabus.

Class #7:. (September 17)

We Play an Experimental Game in Class. Winners are rewarded with bonus points and coffee and dessert outing. So come to class with a lot of energy, and sit next to those you would like to have as your group mates.

Record your self evaluation score in the last page of the syllabus.

Class #8:. (September 22)

Reading Material: Mankiw Chapter 5

Lecture Notes: 101-07

Assignments: Skim over each reading material before it is discussed in class and then read it carefully after it is covered in class. Print class notes for this lecture before coming to class and use it as the basis for additional note taking.

Homework: Do the problems in the Elasticity section of Homework Set #1.

III- Consumer Theory, Market Efficiency, and Production & Costs

Class #9:. (September 24)

Reading Material: Class Outline and Brief Notes; Take thorough class notes since the material covered here is not from the textbook.

Lecture Notes: 101-08

Assignments: Skim over each reading material before it is discussed in class and then read it carefully after it is covered in class. Print class notes for this lecture before coming to class and use it as the basis for additional note taking.

Homework: Do the problems in the Consumer Theory section of Homework Set #1.

Record your self evaluation score in the last page of the syllabus.

Class #10:. (September 29)

Reading Material: Mankiw Chapter 6 (from taxes onward) & Chapter 7 (only what is covered in class).

Lecture Notes: 101-09

Assignments: Skim over each reading material before it is discussed in class and then read it carefully after it is covered in class. Print class notes for this lecture before coming to class and use it as the basis for additional note taking.

Class #11:. (October 1)

This is a catch up session and Review before Exam I

Deadline: The TURN-IN Problems in Homework Set #1 are due in class today.

What you turn in must be neatly written and stapled.

Record your self evaluation score in the last page of the syllabus.

Solutions to Homework Set #1 will be posted on Blackboard after class.

Class #12:. (October 6)

Exam I: Covers the material discussed in Classes #1 through #11

Class #13:. (October 8)

Reading Material: Mankiw Chapter 13

Lecture Notes: 101-10

Assignments: Skim over each reading material before it is discussed in class and then read it carefully after it is covered in class. Print class notes for this lecture before coming to class and use it as the basis for additional note taking.

Homework: Do the problems in the Production & Costs section of Homework Set #2.

Record your self evaluation score in the last page of the syllabus.

Enjoy Your Fall Break!

IV- Perfectly Competitive Markets, Monopoly, and Price Discrimination

Classes #14 and #15:. (October 15 and 20)

Reading Material: Mankiw Chapter 14 (except sections 14-3d and 14-3e at the end of the chapter that are excluded).

Lecture Notes: 101-11

Exams will be returned during Class #14. Be there!!

Assignments: Skim over each reading material before it is discussed in class and then read it carefully after it is covered in class. Print class notes for this lecture before coming to class and use it as the basis for additional note taking.

Homework: Do the problems in the Perfectly Competitive Markets section of Homework Set #2.

Classes #16 and #17:. (October 22 and 27)

Reading Material: Mankiw Chapter 15

Lecture Notes: 101-12

Assignments: Skim over each reading material before it is discussed in class and then read it carefully after it is covered in class. Print class notes for this lecture before coming to class and use it as the basis for additional note taking.

Homework: Do the problems in the Monopoly and Price Discrimination section of Homework Set #2.

Record your self evaluation score in the last page of the syllabus.

V- Monopolistic Competition, Oligopoly, and Game Theory

Class #18:. (October 29)

Reading Material: Mankiw Chapter 16

Lecture Notes: 101-13

We also Play an Experimental Game in Class. Winners are rewarded with bonus points and possible coffee and dessert outing. So come to class with a lot of energy, and sit next to those you would like to have as your group mates.

Assignments: Skim over each reading material before it is discussed in class and then read it carefully after it is covered in class. Print class notes for this lecture before coming to class and use it as the basis for additional note taking.

Class #19:. (November 3)

Reading Material: Mankiw Chapter 17

Lecture Notes: 101-14

Assignments: Skim over each reading material before it is discussed in class and then read it carefully after it is covered in class. Print class notes for this lecture before coming to class and use it as the basis for additional note taking.

Homework: Do the problems in the Monopolistic Competition, Oligopoly, and Game Theory section of Homework Set #2.

Record your self evaluation score in the last page of the syllabus.

VI- Competitive Labor Markets, and Exam II

Class #20:. (November 5)

Reading Material: Mankiw Chapter 18

Lecture Notes: 101-15

Assignments: Skim over each reading material before it is discussed in class and then read it carefully after it is covered in class. Print class notes for this lecture before coming to class and use it as the basis for additional note taking.

Homework: Do the problems in the Competitive Labor Markets section of Homework Set #2.

Class #21:. (November 10)

This is a catch up and problem solving session; We will finish any unfinished business.

Deadline: The TURN-IN Problems in Homework Set #2 are due in class today.

What you turn in must be neatly written and stapled.

Record your self evaluation score in the last page of the syllabus.

Solutions to Homework Set #2 will be posted on Blackboard after class.

Class #22:. (November 12)

Exam II: Covers the material discussed in Classes #13 through #21

VII- Public Goods, Externalities, Cost Benefit Analysis, Stock Market, and Final Exam

Classes #23:. (November 17)

Reading Material: Mankiw Chapter 11

Lecture Notes: 101-16

Exam II results will be returned during one of these two classes. Be there!!

Assignments: Skim over each reading material before it is discussed in class and then read it carefully after it is covered in class. Print class notes for this lecture before coming to class and use it as the basis for additional note taking.

We also Play an Experimental Game in Class. Winners are rewarded with bonus points and coffee and dessert outing. So come to class with a lot of energy, and sit next to those you would like to have as your group mates.

Homework: Do the Public Goods Section of Homework set #3.

Classes #24 and #25:. (November 19 and 24)

Reading Material: Mankiw Chapter 10.

Lecture Notes: 101-17

Assignments: Skim over each reading material before it is discussed in class and then read it carefully after it is covered in class. Print class notes for this lecture before coming to class and use it as the basis for additional note taking.

Homework: Do the Externalities Section of Homework set #3.

The TURN-IN Your Self Assessment Score sheet in class today (Class #25) for 2 bonus point.

Enjoy Your Thanksgiving Break!

Class #26:. (December 1)

Reading Material: Class Outline and Brief Notes; Take thorough class notes since class discussion on Cost Benefit Analysis is not from the textbook.

Lecture Notes: 101-18

Assignments: Skim over each reading material before it is discussed in class and then read it carefully after it is covered in class. Print class notes for this lecture before coming to class and use it as the basis for additional note taking.

Bonus points will be posted on Blackboard before class today

Solutions to Homework Set #3 will be posted on Blackboard after class.

Classes #27 and #28:. (December 3 and 8)

Reading Material: Class Handout

Lecture Notes: 101-19-StkMrkt

Assignments: Skim over each reading material before it is discussed in class and then read it carefully after it is covered in class. Print class notes for this lecture before coming to class and use it as the basis for additional note taking.

Homework: Review the problems done in the Stock Market Class.

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Exam III: Thursday, December 10, 3:00-5:00 p.m.

The Exam Covers the material discussed in Classes #23 through #28

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Final Exam scores and Grades cannot be given over the phone or via e-mail. Final exam scores will be posted on Blackboard and letter grades on OPUS. Grades will not change after they are posted. Any grade inquiry will be deferred to the beginning of the following semester.

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Happy Holidays!

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Self Assessment Scores:

Your Name (Last, First): _________________________

Please assess the effort you put into each class and use the format below to report it on scale of 0 to 5, with 5 indicating the most effort. Report the scores every week. Detach this page and turn it in class #25. You get 2 bonus points for turning this score sheet in, irrespective of the scores you report. These scores will be used to study course outcome only after the semester is over and grades are reported. We appreciate your honest assessment of your efforts which makes the scores meaningful.

Please circle the correct score ( 0 means awful and 5 outstanding)

■ Self Evaluation Score for Classes 2, and 3( ……………….. 0 1 2 3 4 5

■ Self Evaluation Score for Classes 4, and 5( ……………….. 0 1 2 3 4 5

■ Self Evaluation Score for Classes 6 and 7( …………….….. 0 1 2 3 4 5

■ Self Evaluation Score for Classes 8 and 9( ……………….. 0 1 2 3 4 5

■ Self Evaluation Score for Classes 10, and 11( …………….. 0 1 2 3 4 5

Class 12 is devoted to Exam I

■ Self Evaluation Score for Classes 13 and 14( …………….. 0 1 2 3 4 5

■ Self Evaluation Score for Classes 15 and 16( …………….. 0 1 2 3 4 5

■ Self Evaluation Score for Classes 17 and 18( …………….. 0 1 2 3 4 5

■ Self Evaluation Score for Classes 19, 20, and 21( ……… 0 1 2 3 4 5

Class 22 is devoted to Exam II

■ Self Evaluation Score for Classes 23 and 24( …………….. 0 1 2 3 4 5

■ Self Evaluation Score for Class 25 ( …………….. 0 1 2 3 4 5

Turn in the form during class #25 for 2 Bonus points

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