ECO
3101 Intermediate Microeconomics
Spring 2008
Dr. Cem Karayalcin
Office DM 319A
Office hrs: TuTh 11:00-12:00
e-mail: karayalc@fiu.edu
webpage: www.fiu.edu/~karayalc
This
course is designed to further the understanding of microeconomic phenomena. We
will cover consumer and producer theory, learn about
market power and strategic interactions in markets. Some background in basic
algebra and calculus is required.
Textbook: The
textbook for the course is Microeconomics, 3rd
Edition by David Besanko and Ronald R. Braeutigam, ISBN: 978-0-470-04924-2. It is available in the University Bookstore.
PowerPoint Presentations
(Note: 7.69 MB)
Homeworks
Homework 2 (Chap 7
presentation Slide 31 shows the Homework)
Solutions to End-of-Chapter
Problems
Exams
Midterm and Final Exams:
Material to be included in each exam is to be announced in
class.
Midterm 1: January 31, 2008 (weight 25%)
Answers to Midterm 1
Questions
Answers to Midterm 2
Questions
Midterm 2: March 6, 2008 (weight 25%)
Final exam: April 22, 2008 (class time) (weight 40%)
25 Review Problems: Ch 6: 11, 15, 17; Ch 7: 3, 5, 17, 24, 28; Ch 8: 5, 16, 17, 25;
Ch 9: 1, 6, 16, 31;
Ch 10: 3, 4, 7, 21; Ch 11: 2, 8,
14, 24; Ch 12: 1.
Class Participation (weight
10%).
Grading Scale:
100 – 90 A
89 – 80 B
79 – 70 C
69 – 60 D
59 – 0 F
Pluses and
minuses will be given at the instructor’s discretion.
General Notes: THOSE THAT ARE NOT PRESENT FOR AN EXAMINATION CAN EXPECT
A FAILING GRADE FOR THAT EXAM. NO EXCEPTIONS. THERE WILL NOT BE ANY
MAKE-UP EXAMS OR EXTRA CREDIT WORK FOR MISSED
EXAMS.
Grades are available to students via web and at kiosks.
(Please do not request grades via email, as they will not be provided)
I.
Introduction to Microeconomics
Chapters:
1.
Analyzing
Economic Problems
“Cell phones
of Indian Fishermen”
“Pollution
control: Cap-and-trade”
2. Demand and Supply Analysis
II.
Consumer
Theory
Chapters:
3.
Consumer Preferences and the Concept of Utility
4. Consumer Choice
5.
The Theory of Demand
III.
Production
and Cost Theory
Chapters:
6. Inputs and Production Functions
7. Costs and Cost Minimization
8. Cost Curves
IV.
Perfect
Competition
Chapters:
9. Perfectly Competitive Markets
10. Competitive Markets: Applications
V.
Market Power
Chapters:
11. Monopoly and Monopsony
12. Capturing Surplus
VI.
Imperfect Competition and Strategic Behavior
Chapters:
13. Market Structure and Competition
14. Game Theory and Strategic Behavior
VII.
Special Topics (time
permitting)
Chapters:
15. Risk and Information
16. General Equilibrium
17. Externalities and Public Goods