IntMicro_syllabusF12

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Intermediate Microeconomic Theory Katherine M. Sauer, Ph.D.

ECO 3010 AD 530-R 303-556-3037

Fall 2012 [email protected]

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This course analyzes production, price, and distribution theory within a microeconomic framework.

Studies include value and distribution theories under conditions of varying market structures.

Topics will also include consumer theory, competitive, oligopoly, and monopoly pricing

and output behavior, as well as pricing of factors of production and welfare theory.

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Course Learning Objectives

At the end of the semester, the successful student should be able to:

1. Apply fundamental economic concepts such as positive/normative analysis, tradeoffs,

opportunity cost, scarcity, and incentives to real world issues and problems.

2. Use the concept of equilibrium and price allocation to explain observed market outcomes and

to predict outcomes from changes in the marketplace.

3. Perform marginal analysis and constrained optimization in both the individual and firm

contexts.

4. Use models to explain observed or predicted outcomes (including summarizing theory using

equations, solving systems of equations, and demonstrating graphically).

Specific models for this course: Supply & Demand, Consumer Choice Theory, Theory ofthe Firm, Cost Theory, Market Structures, General Equilibrium Theory

5. Explain the mechanics of and predict the outcomes of common government policies and

interventions in markets.

6. Explain market failure and evaluate potential solutions.

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Course Learning Activities

Assignments 20% (daily)Quizzes 5% (weekly)

Exam 1 25% (9/20)Exam 2 25% (10/25)

Exam 3 25% (date TBA during finals week)


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Course Resources

Required Textbook

Title: MicroeconomicsEdition: 4th Edition

Authors: David Besanko & Ronald R. Braeutigam

Publisher: John Wiley & Sons

ISBN: 978-0-470-56358-8

Office Hours are a resource to assist you outside of our class time. You do not need an appointment to

see me during office hoursplease just stop by. You may make an appointment in advance to see meduring other days. Please note my schedule for this fall.

Day

Time

Tuesdays Wednesdays Thursdays

10-12 Office Hours AD 530-R

121:30 Office Hours AD 530-R Office Hours AD 530-R

2-3:15 Principles of Micro KC 203 Principles of Micro KC 203

3:30-4:45 Intermediate Micro KC 203 Intermediate Micro KC 203

My office is located in the Administration building (AD) in room 530-R.

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Course Policies

Economics Major

This course counts toward the economics major requirement. You must pass this course with a C or

better. Note: With the new +/- grading in effect for Fall 2012, a C- is not sufficient!___________________________________________________________________________________

PrerequisitesSatisfaction of both:

- a grade of C or better in ECO 2150 or MTH 1410

- ECO2020___________________________________________________________________________________

Missed Assignments and Exams

Assignments:

Late homework is accepted at a penalty at the instructors discretion.

Exams:Make up exams are only given in grave extenuating circumstances.

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Course Grading Scale

92.5% to 100% A

89.5% to 92.4% A-

86.5% to 89.4% B+

82.5% to 86.4% B

79.5% to 82.4% B-

76.5% to 79.4% C+72.5% to 76.4% C

69.5% to 72.4% C-

66.5% to 69.4% D+

62.5% to 66.4% D

59.5% to 62.4% D-

59.4% and below F

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EmailPlease use your @msudenver email address when emailing me. If you do not, you run the risk of myemail filter program deciding that your message is spam. Additionally, due to Federal privacy

regulations, I cant discuss any grade-related information via email unless you use your official

university account.

Please do not use the email feature in BlackBoard/Web CT to email me. Write directly to me at

[email protected] . (In the past messages sent through that system had frequently gotten

lost.)

Please try to use proper sentences and punctuation when writing to me. I am getting older by the

day and cant always figure out what your short-hand abbreviations are trying to say___________________________________________________________________________________

Religious Holidays

Students at MSU Denver who, because of their sincerely held religious beliefs, are unable to attendclasses, take examinations, participate in graded activities or submit graded assignments on particular

days shall without penalty be excused from such classes and be given a meaningful opportunity to make

up such examinations and graded activities or assignments provided that advance written notice thatthe student will be absent for religious reasons is given to the faculty members during the first twoweeks of the semester.

Nothing in paragraph 1 of this policy shall require MSU Denver faculty members to reschedule classes,repeat lectures or other ungraded activities or provide ungraded individualized instruction solely for the

benefit of students who, for religious reasons, are unable to attend regularly scheduled classes or

activities. However, presentations, critiques, conferences and similar activities involving individual

students shall be scheduled to avoid conflicts with such students religious observances or holidays

provided that reasonable advance notice of scheduling conflicts is given to faculty members. Because

classroom attendance and participation is an important aspect of learning, MSU Denver students shouldnot register for courses if regularly scheduled classes or activities routinely conflict with their religious

observances or holidays (e.g., conflicts resulting in weekly absences for an entire semester).


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No Credit (NC) GradesDuring the first 10 weeks of class, you may opt for NC through MetroConnect online. You do not need a

signature from me. After the 10th

week, I do not have authorization to grant you a NC.

The Fall 2012 NC deadline is Monday October 29th

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Academic Integrity

As students, faculty, staff and administrators of Metropolitan State University of Denver, it is ourresponsibility to uphold and maintain an academic environment that furthers scholarly inquiry, creative

activity and the application of knowledge. We will not tolerate academic dishonesty. We willdemonstrate honesty and integrity in all activities related to our learning and scholarship. We will not

plagiarize, fabricate information or data, cheat on tests or exams, steal academic material, or submit

work to more than one class without full disclosure.

For more information:

http://www.msudenver.edu/studentengagementandwellness/studentconductandconflictresolutionservices

/academicintegrity/

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Student Code of ConductMetropolitan State University of Denver has a Student Conduct Code and every student is expected to

be familiar with it

Available online:

http://www.msudenver.edu/studentengagementandwellness/studentconductandconflictresolutionservices

/studentcodeofconduct/

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Disability AccommodationsThe Metropolitan State University of Denver is committed to making reasonable accommodations to

assist individuals with disabilities in reaching their academic potential. If you have a disability which

may impact your performance, attendance, or grades in this class and are requesting accommodations,then you must first register with the Access Center, located in the Auraria Library, Suite 116, 303-556-

8387.

The Access Center is the designated department responsible for coordinating accommodations andservices for students with disabilities. Accommodations will not be granted prior to my receipt of your

faculty notification letter from the Access Center. Please note that accommodations are never provided

retroactively (i.e., prior to the receipt of your faculty notification letter.) Once I am in receipt of yourofficial Access Center faculty notification letter, I would be happy to meet with you to discuss youraccommodations. All discussions will remain confidential. Further information is available by visiting

the Access center websitehttp://www.msudenver.edu/access/

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http://www.msudenver.edu/studentengagementandwellness/studentconductandconflictresolutionservices/academicintegrity/http://www.msudenver.edu/studentengagementandwellness/studentconductandconflictresolutionservices/academicintegrity/http://www.msudenver.edu/studentengagementandwellness/studentconductandconflictresolutionservices/academicintegrity/http://www.msudenver.edu/studentengagementandwellness/studentconductandconflictresolutionservices/studentcodeofconduct/http://www.msudenver.edu/studentengagementandwellness/studentconductandconflictresolutionservices/studentcodeofconduct/http://www.msudenver.edu/studentengagementandwellness/studentconductandconflictresolutionservices/studentcodeofconduct/http://www.msudenver.edu/access/http://www.msudenver.edu/access/http://www.msudenver.edu/access/http://www.msudenver.edu/access/http://www.msudenver.edu/studentengagementandwellness/studentconductandconflictresolutionservices/studentcodeofconduct/http://www.msudenver.edu/studentengagementandwellness/studentconductandconflictresolutionservices/studentcodeofconduct/http://www.msudenver.edu/studentengagementandwellness/studentconductandconflictresolutionservices/academicintegrity/http://www.msudenver.edu/studentengagementandwellness/studentconductandconflictresolutionservices/academicintegrity/


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Academic Calendar / Important MSCD DatesLast day to drop with 100% tuition refund: Sunday August 26th

No classes, Labor Day: Monday Sept. 3rd

Last day to drop with 50% tuition refund and course deleted from transcript: Wednesday Sept. 5th

Last day to drop with NC grade: Monday Oct. 29th

No classes, Fall Break: Nov 19thNov 23rd

Final exam week: Dec 10th

14th

Grades available online: Friday Dec. 21st

Note: Registration for all Economics courses closes atmidnight Thursday, August 23 (that is,

12:00am Friday August 24th). There will be no exceptions for those wishing to add a class or switch

sections.

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Course Schedule

(subject to revision as necessary)

Week beginning: Topics Chapter Reminders

8/20 Analyzing economic problems, Demand & Supply 1, 2 8/26 last day to dropwith full refund

8/27 Consumer preferences, Consumer Choice 3, 4

9/3 Consumer Choice, Theory of Demand 4, 5 9/5 last day to dropwith 50% refund

9/10 Theory of Demand 5

9/17 Review day, Exam 1 (ch 1-5) Exam 1 on 9/20

9/24 Inputs and Production, Cost minimization 6, 7

10/1 Cost minimization, Cost curves 7, 810/8 Cost curves, Perfectly competitive markets 8, 9

10/15 Perfectly competitive markets, Applications 9, 10

10/22 Review day, Exam 2 (ch 6-11), Exam 2 on 10/25

10/29 Monopoly & Monopsony, Capturing surplus 11, 12 10/29 is NC Deadline

11/5 Capturing surplus, Market structures & competition 12, 13

11/12 Market structures & competition 13

11/19 No ClassFall Break

11/26 Game theory, General equilibrium theory 14, 16

12/3 Externalities & Public goods, Review day 1712/10 (Finals Week) Exam 3 (117) Exam 3 Date

TBA

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IntMicro_syllabusF12