UNIVERSITY OF MISSOURI - KANSAS CITY
ECON 302 INTERMEDIATE MICROECONOMICS
Office: 203E Manheim Hall
Office hours: To be announced
Please feel comfortable in contacting me at any of these addresses for any problems or questions that may arise.
Credit Hours: 3
Prerequisites: Econ 202
Supplies: Calculator may be helpful.
Textbook: Pindyck, Robert S. and Rubinfeld, Daniel L. Microeconomics, 5th Edition. Upper Saddle River, New Jersey: Prentice Hall, Inc., 2001.
1. Three equally weighted tests (some consideration for adjustment on the first test for low grades will be taken).
2. The text requires slow and careful reading with particular attention given to the graphs. Taking notes on the reading is recommended. Daily reading of a current newspaper such as the Wall Street Journal, Business Week, or The Economist will help the student relate the reading in the text to the current economic issues and will increase the student's ability to participate in class discussion.
4. Class participation is very important. Discussion of economic issues is a means of learning. Credit is given for meaningful discussion and participation. Discussion and participation are not possible if you are not in class. Please let me know if you will have trouble attending (work schedule, etc.).
5. Problems will be assigned weekly and must be turned in when due. Late problems will generally not be accepted.
Three tests (100 points each) 300
Problems and in class exercises 100
A = 90 - 100% 360 – 400
B = 80 - 89% 320 - 359
C = 70 - 79% 280 - 319
D = 60 - 69% 240 – 279
F = below 59% 239 - 000
TENTATIVE COURSE OUTLINE
PART I INTRODUCTION
WEEK 1 Chapter 1 Preliminaries
Chapter 2 Supply and Demand
PART II PRODUCERS, CONSUMERS, AND COMPETITIVE MARKETS
WEEK 2 Chapter 3 Consumer Behavior (TO PAGE 84)
Chapter 4 (4.1-4.4) Individuals and Market
WEEK 3 Chapter 6 Production
6-23 TEST 1
6-28 Chapter 7 (7.1-7.4) The Cost of Production
Chapter 8 Profit Maximization and Competitive
Supply (THRU PAGE 268)
WEEK 5 Chapter 9 (9.1-9.3) Analysis of Competitive
Chapter 10 Market Power: Monopoly and Monopsony
7-12 Chapter 11 (11.1-11.3) Pricing with Market Power
Chapter 12 Monopolistic Competition and Oligopoly
7-14 TEST 2
WEEK 7 Chapter 14 Markets for Factor Inputs
7-19 Chapter 15 (15.1-15.4) Investment, Time, and
WEEK 8 Chapter 18 Externalities and Public Goods
7-28 TEST 3
Last day of class