Simon Fraser University
Engaging the World

Course Outlines

Fall 2024 - ECON 201 D100

Microeconomic Theory I: Competitive Behavior (4)

Class Number: 2760

Delivery Method: In Person

Overview

  • Course Times + Location:

    Sep 4 – Dec 3, 2024: Mon, 10:30 a.m.–12:20 p.m.
    Burnaby

    Oct 15, 2024: Tue, 10:30 a.m.–12:20 p.m.
    Burnaby

    Sep 4 – Dec 3, 2024: Wed, 10:30–11:20 a.m.
    Burnaby

  • Prerequisites:

    ECON 103 with a minimum grade of C- or ECON 113 with a minimum grade of A-; ECON 105 with a minimum grade of C- or ECON 115 with a minimum grade of A-; MATH 150, MATH 151, MATH 154, or MATH 157, with a minimum grade of C-.

Description

CALENDAR DESCRIPTION:

Aspects of microeconomic theory involving competitive markets. Topics include the behavior of households and firms, partial equilibrium analysis of product and factor markets, and general equilibrium. Quantitative.

COURSE DETAILS:

This course is designed to provide a basic understanding of microeconomic theory at the intermediate level.  The objective is to provide a model of the consumer, the producer and the market.  The course covers consumer theory, production theory in perfectly competitive markets and general equilibrium.

Readings: 

Part 1: Introduction to Microeconomics

Chapter 1 Analyzing Economic Problems

Chapter 2 Demand and Supply Analyss

Part 2: Consumer Theory

Chapter 3 Consumer Preference and the Concept of Utility

Chapter 4 Consumer Choice

Chapter 5 The Theory of Demand

Part 3: Production and Cost Theory

Chapter 6 Inputs and Production Functions

Chapter 7 Costs and Cost Minimization

Chapter 8 Cost Curves

Part 4: Perfect Competition

Chapter 9 Perfectly Competitive Markets

Chapter 10 Competitive Markets: Applications

Part 5: Special Topics

Chapter 16 General Equilibrium Theory

Behavioral Economics

Grading

  • Tutorial Attendance 10%
  • 3 in‐class quizzes (5 % each) 15%
  • Midterm Exam 25%
  • Final Exam 50%

Materials

REQUIRED READING:

Besanko, D. and Braeutigam, R., Microeconomics, 6th Edition, Wiley.


RECOMMENDED READING:

Study Guide Microeconomics, Besanko, D. and Braeutigam, R., 5th Edition, Wiley


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 term 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.