Spring 2015 - ECON 103 E100
Principles of Microeconomics (4)
Class Number: 2143
Delivery Method: In Person
Overview
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Course Times + Location:
Jan 6 – Apr 13, 2015: Tue, Thu, 6:30–8:20 p.m.
Vancouver -
Exam Times + Location:
Apr 23, 2015
Thu, 7:00–10:00 p.m.
Vancouver
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Instructor:
Basil Golovetskyy
vgolovet@sfu.ca
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 this class, we will try to build a neoclassical economist’s picture of the world. Just a small set of assumptions about phenomena we can’t really observe and a few ideas about how to put these assumptions and relevant observations together, create a surprisingly powerful, interesting, and useful collection of theories to explain individual behaviours, group interactions, social practices and institutions, all the way to the most general ideas about how the world works.
In the class will discuss the common assumptions of Economics, their implications, the theories based on them, and their applications. Some basic Mathematics is used, mostly graphs and elementary algebra.
Topics:
Maximization and Substitution
The Law of Demand
Demand and Exchange
Cost and Cost Curves
Supply and Market Equilibrium
Choice over Time
Labour Markets
Market Power
Imperfect Competition
Grading
- Assignments 25%
- Midterm Exams 40%
- Final Exam 35%
Materials
REQUIRED READING:
Douglas W. Allen, Economic Principles: Seven Ideas for Thinking ... About Almost Anything, 7th ed., Pearson, 2014
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