UNIVERSITY OF MISSOURI - KANSAS CITY

COURSE SYLLABUS

ECON 302 INTERMEDIATE MICROECONOMICS

SUMMER 2004

INSTRUCTOR INFORMATION

Ben Young

Phone (UMKC):816-235-5699

Office: 203E Manheim Hall

Office hours: To be announced

E-mail: youngb@umkc.edu

Please feel comfortable in contacting me at any of these addresses for any problems or questions that may arise.

COURSE INFORMATION

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.

COURSE REQUIREMENTS

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.

GRADING

Three tests (100 points each) 300

Problems and in class exercises 100

TOTAL 400

Grading scale:

PERCENT POINTS

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

6-7

Chapter 2 Supply and Demand

PART II PRODUCERS, CONSUMERS, AND COMPETITIVE MARKETS

WEEK 2 Chapter 3 Consumer Behavior (TO PAGE 84)

6-14

Chapter 4 (4.1-4.4) Individuals and Market

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

Chapter 8 Profit Maximization and Competitive

Supply (THRU PAGE 268)

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

7-7 Markets

Chapter 10 Market Power: Monopoly and Monopsony

 

 

 

 

 

WEEK 6

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

Capital Markets

 

 

WEEK 8 Chapter 18 Externalities and Public Goods

7-26

7-28 TEST 3

Last day of class