Principles of Microeconomics

ECO 2023 U05, Fall 2007
M/W 18:25 - 19:40
Room: PC 310

Instructor Information:

Zhao Rong
Office: DM 310B
Phone:
E-mail: zrong002@fiu.edu
Office Hours: M/W 19:40-20:40 or by appointment
Website: http://www.fiu.edu/~zrong002

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Announcements

· The final score is now available. Carefully check your grading and let me know if there is any mistake. (12/17/07)
· I have updated the roaster. Unfortunately, the final score is not available until tomorrow. However, it is time for you to check out in details if there is anything wrong with your posted scores. Let me know if there is any. (12/16/07)
· The Final Exam is scheduled back to Friday Dec 14th at 5:00pm to 7:30pm! Refer to http://www.fiu.edu/orgs/register/academiccalendaranddeadlines.html for confirmation. (12/06/2007)

• The Final Exam is rescheduled to Monday Dec 10th at 5:00pm to 7:30pm.
• The slides for Chapter 5 are now available. (11/28)
• The score of Quiz III is now available. (11/28)
• The slides for Chapter 13 are now available. (11/21)
• The slides for Chapter 12 are now available. (11/16)
• The results of Exam II are now available. (11/09)
• The slides for Chapter 14 & 15 are now available. (10/31)
• The score of Quiz II is now available. (10/26)
• The slides for Chapter 16 are now available. (10/23)
• The slides for Chapter 10 and 11 are now available. (10/16)
• The slides for Chapter 9 are now available. (10/10)
• The score of Exam I is now available. (10/07)
• Homework for Chapter 3 and 6 is assigned online. (09/26)
• The slides for Chapter 3 and Chapter 6 are now available. (09/26)
• The score of Quiz 1 is now available. (09/26)
• Homework for Chapter 2 is assigned online. (09/17)
• The slides for Chapter 2 are now available. (09/17)
• Homework for Chapter 1 is assigned online. (09/10)
• The slides for Chapter 1 are now available. (09/10)
• Here is a flyer from MyEconLab. It is an old one. I hope it will help (See the document below). (08/24/07)
• The powerpoint below will help you understand how to use MyEconLab as a study tool. (08/24/07)
• To register for the MyEconLab Web site, go to http://www.myeconlab.com/hubbard (See the document below for more details).
• Download and read the syllabus, below.

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Readings and Assignments

Auxiliary Documents	Exercise	Key	Slides
Syllabus	Exercise 1	Key to Exercise 1	Chapter 1
Student Registration Walkthrough	Exercise 2	Key to Exercise 2	Chapter 2
Roaster	Exercise 3	Key to Exercise 3	Chapter 3
New Hubbard/O’Brien & MyEconLab Offers	Exercise 4	Key to Exercise 4	Chapter 6
MyEconLab Introduction			Chapter 9
			Chapter 10&11
			Chapter 16
			Chapter 14&15
Useful Links
Milton Friedman (1953), The Methodology of Positive Economics.
Adam Smith (1776), "An Inquiry into the Nature and Causes of the Wealth of Nations".

Chapter 12

Chapter 13

Chapter 5

Basic Mathematics

 . A system of two linear equations

http://www.purplemath.com/modules/systlin3.htm

. Slope of a line

http://www.purplemath.com/modules/slope.htm

Course Outline and Tentative Schedule:

Date	Description
8/27	Review of syllabus and course expectations; What is Economics? (Ch. 1)
	DEFINITIONS AND ECONOMIC TOOLS
8/29	What is Economics? con’d
9/5	What is Economics? Introduction to graphs and graphing.
9/10	The Economic Problem (Ch. 2)
9/12	Demand and Supply (Ch. 3)
9/17	Demand and Supply con'd.
9/19 Quiz 1	Demand and Supply con'd.
9/24	Quiz Reviews. Elasticities (Ch. 6)
9/26	Elasticities con'd.
	MARKET STRUCTURE
10/1 Exam 1
10/3	Economic Efficiency of Markets (Ch. 9:270-282 and Ch. 4:97-104)
10/8	Exam Review. Efficiency con’d.
10/10	Production and Cost (Ch. 10)
10/15	Production and Cost con’d.
10/17	Perfect Competition (Ch. 11)
10/22	Perfect Competition con’d. Factor Markets (Ch. 16)
10/24 Quiz 2	Factor Markets con’d.
10/29	Quiz Review. Factor Markets con’d.
10/31	Monopoly (Ch. 14)
11/5	Price Setting (Ch. 15:478-485)
11/7 Exam 2
11/14	Exam Review. Monopolistic Competition (Ch. 12)
11/19	Monopolistic Competition con’d.
11/21	Oligopoly (Ch. 13)
	GOVERNMENT AND THE MARKET
11/26 Quiz 3	Oligopoly con’d.
11/28	Quiz Review. Public Goods (Ch. 5:146-155).
12/3	Government Price Setting (Ch. 4:104-111)
12/5	Review for Final Exam. Antitrust Policy (Ch. 14:458-464)
Final	Friday Dec 14th at 5:00pm to 7:30pm

Last updated Aug. 24th, 2007