Simon Fraser University
Engaging the World

Course Outlines

Summer 2023 - ECON 103 D100

Principles of Microeconomics (4)

Class Number: 2732

Delivery Method: In Person

Overview

  • Course Times + Location:

    May 8 – Aug 4, 2023: Mon, 12:30–2:20 p.m.
    Burnaby

    May 8 – Aug 4, 2023: Wed, 12:30–1:20 p.m.
    Burnaby

  • Exam Times + Location:

    Aug 8, 2023
    Tue, 8:30–11:30 a.m.
    Burnaby

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 market economy allocates productive resources to industries and consumption commodities to individuals. In this process wealth is created and distributed across a population. Microeconomics studies this important process. The course will focus on individual choice; firm choice; demand and supply in markets; competition; and the gains from trade.

Grading

NOTES:

The grading for the course will be based on three term tests and a final exam. The term tests are worth 20% each and the final is worth 40%. The dates and of the term tests will be announced in the first class.

Materials

REQUIRED READING:

Mankiw, Kneebone and McKenzie, Principles of Microeconomics, 8th Canadian Edition, 2019, Nelson Soft cover text. ISBN: 9780176872823 (etext 9780176888077)


ISBN: 9780176872823

Part 1: Introduction
Chapter 1 Ten Principles of Economics Chapter 2 Thinking Like an Economist
Chapter 3 Interdependence and the Gains from Trade

Part 2: Supply and Demand: How Markets Work
Chapter 4 The Market Forces of Supply and Demand Chapter 5 Elasticity and Its Application
Chapter 6 Supply, Demand and Government Policies

Part 5: Firm Behaviour and the Organization of Industry
Chapter 13 The Costs of Production
Chapter 14 Firms in Competitive Markets Chapter 15 Monopoly

Part 6: The Economics of Labour Markets
Chapter 18 The Markets for Factors of Production Chapter 19 Earning and Discrimination
Chapter 20 Income inequality and Poverty

Part 7: Topics for Further Study (if time permits)
Chapter 21 The Theory of Consumer Choice
Chapter 22 Frontiers of Microeconomics


RECOMMENDED READING:

Study Guide for Principles of Microeconomics (Mankiw, Kneebone and McKenzie) 8th Canadian Edition, 2019, Nelson. ISBN: 978-0176888091


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

RELIGIOUS ACCOMMODATION

Students with a faith background who may need accommodations during the semester are encouraged to assess their needs as soon as possible and review the Multifaith religious accommodations website. The page outlines ways they begin working toward an accommodation and ensure solutions can be reached in a timely fashion.