Simon Fraser University
Engaging the World

Course Outlines

Fall 2022 - ECON 103 D900

Principles of Microeconomics (4)

Class Number: 4066

Delivery Method: In Person

Overview

  • Course Times + Location:

    Sep 7 – Dec 6, 2022: Wed, 10:30 a.m.–12:20 p.m.
    Surrey

    Sep 7 – Dec 6, 2022: Fri, 10:30 a.m.–12:20 p.m.
    Surrey

  • Exam Times + Location:

    Dec 19, 2022
    Mon, 8:30–11:30 a.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:

This is an introduction to microeconomics, a study of how people and firms behave and how they interact with each other. We will start with a small set of basic propositions (the principles) and learn how to put them together to create a surprisingly powerful, interesting and useful collection of theories that explain individual behaviours, group interactions, social practices and institutions, all the way to the most general ideas about how the world works.

Topics:

  • Maximization, Preferences & Substitution
  • The Law of Demand
  • Exchange & Opportunity Cost
  • Production & Supply
  • Market Equilibrium & Comparative Statics
  • Discounting & Interest
  • Labour Markets
  • Market Power
  • Strategic Interaction

Grading

  • Online Quizzes 10%
  • Assignments 25%
  • Midterm 25%
  • Final Exam 40%

Materials

REQUIRED READING:

Douglas Allen, Economic Literacy: A Different Approach to Economic Principles, McInnes Creek Press, 2019.

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To find out what the textbook is about and to buy it at a good price, I suggest you visit the webpage: http://www.sfu.ca/~allen/MCPPage20213.html

On that page you will find:

  • a link to the company that prints the book on-demand;
  • a link to the first four chapters online, so you can start reading the text while you wait for the book;
  • a link to the answers to the odd-numbered questions.

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REQUIRED READING NOTES:

Your personalized Course Material list, including digital and physical textbooks, are available through the SFU Bookstore website by simply entering your Computing ID at: shop.sfu.ca/course-materials/my-personalized-course-materials.

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.

Final exam schedules will be released during the second month of classes. If your course has a final exam, please ensure that you are available during the entire final exam period until you receive confirmation of your exam dates. 

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 website 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