Simon Fraser University
Engaging the World

Course Outlines

Spring 2021 - ECON 103 D200

Principles of Microeconomics (4)

Class Number: 4437

Delivery Method: In Person

Overview

  • Course Times + Location:

    Jan 11 – Apr 16, 2021: Tue, 10:30 a.m.–12:20 p.m.
    Burnaby

    Jan 11 – Apr 16, 2021: Fri, 10:30–11:20 a.m.
    Burnaby

  • Exam Times + Location:

    Apr 23, 2021
    Fri, 3:30–6:30 p.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.

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 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

Grading

  • Three term tests (20% each) 60%
  • Final exam 40%

Materials

REQUIRED READING:

Mankiw, Kneebone and McKenzie, Principles of Microeconomics, 8th Canadian Edition, 2019, Nelson Soft cover text.
https://sfu-store.vitalsource.com/products/principles-of-microeconomics-mankiw-kneebone-mckenzie-v9780176888077?term=9780176888077


ISBN: 9780176888077

RECOMMENDED READING:

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


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.

Final exam schedules will be released in February. This will allow students to avoid enrollment conflicts, and will significantly reduce instances of exam hardship. If your course has a final exam, please ensure that you are available during the final exam period of April 14 - 26 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 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 SPRING 2021

Teaching at SFU in spring 2021 will be conducted primarily through remote methods. There will be in-person course components in a few exceptional cases where this is fundamental to the educational goals of the course. Such course components will be clearly identified at registration, as will course components that will be “live” (synchronous) vs. at your own pace (asynchronous). Enrollment 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. To ensure you can access all course materials, we recommend you have access to a computer with a microphone and camera, and the internet. In some cases your instructor may use Zoom or other means requiring a camera and microphone to invigilate exams. If proctoring software will be used, this will be confirmed in the first week of class.

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).