Simon Fraser University
Engaging the World

Course Outlines

Spring 2015 - ECON 103 D900

Principles of Microeconomics (4)

Class Number: 2203

Delivery Method: In Person

Overview

  • Course Times + Location:

    Jan 6 – Apr 13, 2015: Tue, 2:30–5:20 p.m.
    Surrey

  • Exam Times + Location:

    Apr 16, 2015
    Thu, 12:00–3:00 p.m.
    Surrey

Description

CALENDAR DESCRIPTION:

The principal elements of theory concerning utility and value, price and costs, factor analysis, productivity, labor organization, competition and monopoly, and the theory of the firm. Students with credit for ECON 200 cannot take ECON 103 for further credit. Quantitative/Breadth-Soc.

COURSE DETAILS:

In modern societies the market economy allocates productive resources to industries and consumption commodities to individuals. In this process wealth is created and distributed across a population. Microeconomics has been designed as an attempt to understand this fundamental process. The course will focus on core microeconomic concepts: individual choice; feasibility and opportunity cost; marginal analysis; competition; demand and supply; and the exploitation of gains from trade in the market. These concepts will not only be explained but they will be used to help students understand issues which confront us in today’s world.  

Information regarding readings, assignments and exams will be discussed in the first class.  

Readings: 

 Chapter 1 What is Economics
Chapter 2 The Economic Problem
Chapter 3 Demand and Supply
Chapter4  Elasticity
Chapter 5 Efficiency and Equity
Chapter 6 Government Actions in Markets
Chapter 7 Global Markets in Action
Chapter 8 Utility and Demand
Chapter 9 Possibilities, Preferences and Choices
Chapter 10 Organizing Production
Chapter 11 Output and Costs
Chapter 12 Perfect Competition
Chapter 13 Monopoly
Chapter 14 Monopolistic Competition
Chapter 15 Oligopoly  

Grading

  • Homework Assignments 10%
  • Midterm 35%
  • Final 55%

NOTES:

Information regarding readings, assignments and exams will be discussed in the first class.

Materials

REQUIRED READING:

Parkin & Bade "Microeconomics: Canada in the Global Environment” 8th edition 2012 with MyEconLab access card : ISBN-9780321808387

OR

Parkin & Bade “Microeconomics: Canada in the Global Environment”  etext with MyEconLab access card

RECOMMENDED READING:

Study Guide for Parkin & Bade "Microeconomics: Canada in the Global Environment” 8th edition 2012: ISBN 9780321799050

Department Undergraduate Notes:

***  NO TUTORIALS DURING THE FIRST WEEK OF CLASSES***

Students requiring  accomodations as a result of a disability must contact the  Centre for Students with Disabilities  at 778 782 3112 or csdo@sfu.ca 

Registrar Notes:

SFU’s Academic Integrity web site http://students.sfu.ca/academicintegrity.html is filled with information on what is meant by academic dishonesty, where you can find resources to help with your studies and the consequences of cheating.  Check out the site for more information and videos that help explain the issues in plain English.

Each student is responsible for his or her conduct as it affects the University community.  Academic dishonesty, in whatever form, is ultimately destructive of the values of the University. Furthermore, it is unfair and discouraging to the majority of students who pursue their studies honestly. Scholarly integrity is required of all members of the University. http://www.sfu.ca/policies/gazette/student/s10-01.html

ACADEMIC INTEGRITY: YOUR WORK, YOUR SUCCESS