Fall 2026 - ECON 103 D900

Principles of Microeconomics (4)

Class Number: 2043

Delivery Method: In Person

Overview

  • Course Times + Location:

    Sep 9 – Dec 6, 2026: Tue, Thu, 10:30 a.m.–12:20 p.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. Quantitative.

COURSE DETAILS:

Description

In modern societies 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.

Readings


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 of 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 3: Supply of Demand II; Markets and Welfare

Chapter 7 Consumers, Producers and the Efficiency of Markets

Chapter 8 Application:  The Costs of Taxation

 

Part 4: The Economics of the Public Sector

Chapter 10 Externalities

Chapter 11 Public Goods and Common Resources

 

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 7: Topics for Further Study

Chapter 21 The Theory of Consumer Choice

Chapter 22 Frontiers of Microeconomics

 

Academic Dishonesty:  Students are expected to read and understand SFU’s academic dishonesty policies. For information concerning these policies, see: http://www.sfu.ca/policies/gazette/student.html. Academic dishonesty in this course can result in an F grade with a note on the transcript indicating the failing grade was due to academic dishonesty.

 

Grading

NOTES:

The grading for the course will be based on:

Tutorial Work: 10%

Two term tests: 22.5% each

Final exam: 45%

Final Exam: A cumulative final exam will count for 45% of your final grade. This exam is scheduled by the University during the exam period.

Missed Exams: – A medical note is required for missing the midterm or final exams. If you miss either the midterm or the final exam, you must get in touch with your documentation within four days and be ready to write the make-up exam as soon as you are able to attend school again.

 

 

 

Materials

REQUIRED READING:

Mankiw, Kneebone and McKenzie, Principles of Microeconomics 9th Canadian Edition, 2017, Nelson Soft cover text: 

or

Mankiw, Kneebone and McKenzie, Principles of Microeconomics 9th Canadian Edition, 2017, Nelson e-text with MindTap: 


RECOMMENDED READING:

Manouchehri and Fortura, Study Guide for Principles of Microeconomics (Mankiw, Kneebone and McKenzie) 7th Canadian Edition, 2017, Nelson


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

At SFU, you are expected to act honestly and responsibly in all your academic work. Cheating, plagiarism, or any other form of academic dishonesty harms your own learning, undermines the efforts of your classmates who pursue their studies honestly, and goes against the core values of the university.

To learn more about the academic disciplinary process and relevant academic supports, visit: 


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.