Ben Young

Phone (UMKC):816-235-5699

Office: 203E Manheim Hall

Office hours: To be announced

E-mail: youngb@umkc.edu

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

TOTAL 400

Grading scale:

PERCENT POINTS

PART I INTRODUCTION

WEEK 1 Chapter 1 Preliminaries

6-7

PART II PRODUCERS, CONSUMERS, AND COMPETITIVE MARKETS

WEEK 2 Chapter 3 Consumer Behavior (TO PAGE 84)

6-14

Demand

WEEK 3 Chapter 6 Production

6-21

6-23 TEST 1

WEEK 4

6-28 Chapter 7 (7.1-7.4) The Cost of Production

WEEK 5 Chapter 9 (9.1-9.3) Analysis of Competitive

7-7 Markets

WEEK 6

7-12 Chapter 11 (11.1-11.3) Pricing with Market Power

WEEK 7 Chapter 14 Markets for Factor Inputs

7-19 Chapter 15 (15.1-15.4) Investment, Time, and