ECON 203: PRINCIPLES OF MICROECONOMICS SPRING 2024
Professor: Lodovico Pizzati Office Hours: KAP 362, TTh 2:00-3:00pm
Email: [email protected] Phone: (310) 848-0725
Class location: GFS 106 Class Meeting: TTh 3:30-4:45pm
GRADE: Final (30%), Midterm 1 and 2 (20% each), Quiz 1 and 2 (10% each), Homework (10%)
TEXTBOOK: Gregory Mankiw, Principles of Microeconomics, 9th Edition, Cengage Learning
OBJECTIVE: This course introduces the basic principles of microeconomics, and how economic decisions are driven by individual behavior. Whether it is a consumer wanting the most from finite means, or a firm seeking the most profits, all these competing needs interact in a market system. Throughout the course we will learn what drives the supply and demand for products, and how a market equilibrium is reached depending on different market structures.
|
WEEKS |
TOPICS |
CHAPTERS |
GRADE |
|
1: 1/9, 1/11 |
Introduction |
Ch: 1, 2, 3 |
|
|
2: 1/16, 1/18 |
Supply and Demand |
Ch: 4 |
Homework 1 |
|
3: 1/23, 1/25 |
Elasticity |
Ch: 5 |
Quiz 1 (10%) |
|
4: 1/30, 2/1 |
Supply, Demand and Policies |
Ch: 6 |
Homework 2 |
|
5: 2/6, 2/8 |
The Efficiency of Markets |
Ch: 7 |
Homework 3 |
|
6: 2/13, 2/15 |
Costs of Taxation |
Ch: 8 |
Midterm 1 (20%) |
|
7: 2/20, 2/22 |
Consumer Choice |
Ch: 21 |
Homework 4 |
|
8: 2/27, 3/1 |
Costs of Production |
Ch: 13 |
Homework 5 |
|
9: 3/6, 3/8 |
Competitive Markets |
Ch: 14 |
Quiz 2 (10%) |
|
10: 3/20, 3/22 |
Monopoly |
Ch: 15 |
Homework 6 |
|
11: 3/27, 3/29 |
Monopolistic Competition |
Ch: 16 |
Homework 7 |
|
12: 4/3, 4/5 |
Oligopoly |
Ch: 17 |
Midterm 2 (20%) |
|
13: 4/10, 4/12 |
Factors of Production |
Ch: 18 |
Homework 8 |
|
14: 4/17, 4/19 |
International Trade |
Ch: 9 |
Homework 9 |
|
15: 4/24, 4/26 |
Externalities |
Ch: 10 |
Homework 10 |
|
16: 5/7 |
Final (2-4pm) |
|
Final (30%) |
DISABILITIES: Students requesting academic accommodations based on a disability are required to register with Disability Services and Programs (DSP) each semester. A letter of verification for approved accommodations can be obtained from DSP when adequate documentation is filed. Please be sure that this letter is delivered to me as early in the semester as possible.
ACADEMIC INTEGRITY: The University takes academic integrity quite seriously. All violations of academic integrity will be reported to Student Judicial Affairs and Community Standards in accordance with university policy.