Simon Fraser University
Engaging the World

Course Outlines

Summer 2020 - ECON 103 D100

Principles of Microeconomics (4)

Class Number: 1728

Delivery Method: In Person

Overview

  • Course Times + Location:

    May 11 – Aug 10, 2020: Tue, 1:30–2:20 p.m.
    Burnaby

    May 11 – Aug 10, 2020: Thu, 12:30–2:20 p.m.
    Burnaby

  • Exam Times + Location:

    Aug 16, 2020
    Sun, 3:30–6:30 p.m.
    Location: TBA

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:

The course examines how individuals and firms make decisions by weighing up costs and benefits, and how the interaction of their decisions leads to market and social outcomes. The model of market supply and demand is employed to examine the effects of taxes, subsidies, and other government interventions in market activity. The implications of different market structures, including perfect competition and monopoly, are examined.  

Equipment Needed:   

The course will be conducted in the remote learning environment. Real-time participation is required for lectures and tutorials. To complete their course successfully, you need computer(s) and internet access.

Topics:  

  • Gains from trade
  • Supply and demand
  • Elasticity and its application
  • Government policies: price ceilings, price floors, quotas, taxes, subsidies, tariffs
  • The efficiency of markets
  • The costs of production
  • Firms in competitive markets
  • Monopoly

Grading

  • Tutorial participation 10%
  • Midterm #1 25%
  • Midterm #2 25%
  • Final exam 25%
  • Ten quizzes 15%

Materials

REQUIRED READING:

Mankiw, Kneebone, and McKenzie, Principles of Microeconomics, 8th Canadian Edition. Nelson, 2020.
ISBN: 978-1337516891.

RECOMMENDED READING:

Mankiw. Study Guide for Mankiw’s Principles of Microeconomics, 8th edition. Nelson, 2020. ISBN 978-0176888091.

Department Undergraduate Notes:

Please note that, as per Policy T20.01, the course requirements (and grading scheme) outlined here are subject to change up until the end of the first week of classes.

Students requiring accommodations as a result of a disability must contact the Centre for Accessible Learning (CAL) at 778-782-3112 or caladmin@sfu.ca.

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

Registrar Notes:

ACADEMIC INTEGRITY: YOUR WORK, YOUR SUCCESS

SFU’s Academic Integrity web site http://www.sfu.ca/students/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

TEACHING AT SFU IN SUMMER 2020

Please note that all teaching at SFU in summer term 2020 will be conducted through remote methods. Enrollment in this course acknowledges that remote study may entail different modes of learning, interaction with your instructor, and ways of getting feedback on your work than may be the case for in-person classes.

Students with hidden or visible disabilities who believe they may need class or exam accommodations, including in the current context of remote learning, are encouraged to register with the SFU Centre for Accessible Learning (caladmin@sfu.ca or 778-782-3112) as soon as possible to ensure that they are eligible and that approved accommodations and services are implemented in a timely fashion.