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302 Microeconomic Analysis
Reference #00000
Fall 199X
Class meets in Rm 000 Haag Hall  at 00:00 MWF

ECONOMICS 302
INTERMEDIATE MICROECONOMICS

BEN YOUNG 
Phone: 962-9563 (home), 235-1314 (office) 
Office: 205 Haag Hall 

Course Description: The student examines the application of economic theory under alternative
market structures and management objectives and its relationship to corporations and the firm. The
course focuses on the concepts of average, total, and marginal revenue; costs and utility; elasticities;
returns to scale; static equilibria under competition, monopolistic competition, oligopoly, and
monopoly; and profit maximization and loss minimization strategies. 
Course Statement of Objectives: 
     a. Students will understand why business and individuals act as they do in a market economy.
     b. Students will apply microeconomics to practical problems.
     c. Students will be able to communicate microeconomic principles to others in an
     understandable manner. 
Schedule of required readings, class preparations, assignments, lectures, discussions, and
exams: 
        ALL READING TO BE COMPLETED PRIOR TO CLASS MEETING 
WEEK 1 Introductions and review of course syllabus and expectations. Review of basic economic
principles. 
     READ: Chap. 1,2, & 3 in text. Discussion. 
WEEK 2 Discussion: Consumer and Market Demand 
     READ: Chap. 4 & 5 in text. 
WEEK 3 Discussion: Applying Microeconomic Theory: Oil 
     READ: Chap. 6 in text. 
                                   TEST 1 
WEEK 4 Discussion: Technology and Costs 
     READ: Chap. 7 & 8 in text. 
WEEK 5 Discussion: Applying Microeconomic Theory -- Milk and Dairy Products. 
     READ: Chap. 9 in text. 
                                   TEST 2 
WEEK 6 Discussion: Market Structure. 
     READ: Chap. 10,11,12, & 13 in text. 
WEEK 7 Discussion: Application of Microeconomic Theory -- Carmlike Cinemas 
     READ: Chap. 14 in text. 
                                   TEST 3 
WEEK 8 Discussion: Investment Decisions -- The Case of Jetliners 
     READ: Chap. 17 & 18 in text. 
                                   TEST 4 
Required Texts: Applied Microeconomics by Edwin Mansfield, Norton, 1994, 1st ed. ISBN 0 393
96431 0 
Supplemental Readings: Current business publications. 
Visual Aids: Overheads. 
Course Requirements: 
      a. Weekly Problems 
                       30% 
      b. 4 Exams 
                       60% 
      c. Class Participation 
                       10% 
                       100% 







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