ECON 2102 - Principles of Microeconomics
Summer , 2008
Textbooks
Required:
Schiller, The Micro Economy Today, 11th edition (10th will
also work)
Be sure to keep your online access
codes (for practice) if one comes with your book.
Optional:
Study Guide to accompany The Micro Economy Today, 11th edition
Course Syllabus
ECON 2102
PowerPoint Slides
(Download free PowerPoint slide viewer)
Chapter 1 - Economics: The Core Issues
Chapter 3 - Supply and Demand
Chapter 4 - The Public Sector
Chapter 5 - The Demand for Goods
Tips for understanding revenue changes
Elasticity Problems
Solutions
Test answer -
Version B is page 1, Version A is page 2.
Don't ask me why.
MU Problems Solutions
Test answer -
Version A (White)
Version B (Purplish)
Chapter 6 - Costs of Production
Chapter 7 - Competitive Firm
Cost Worksheet
Solutions
Cost curves practice
Chapter 8 - Competitive Markets
Chapter 9 - Monopoly
Chapter 10 - Oligopoly
Chapter 11 - Monopolistic Competition
Chapter 12 - (De)Regulation of Business
(Natural Monopoly)
Chapter 13 - Environmental protection
(Externalities)
Chapter 15 - The Labor Market (Labor vs
leisure, L Demand)
Test Schedule (Chapters are
tentative - will update in class)
Test 1 -
Friday, June 6 - Ch 1,
3, 4
Test 2 - Monday, June 16 -
Ch 5,6, 7
Test 3 -
Monday, June 23 - Ch 7, 8, 9
Test 4 - Monday, June
30 - Ch 9, 10, 11
Final Exam (optional) - Wednesday,
July 2 - 12:00 to 2:45pm
EXTRA CREDIT OPPORTUNITY #2
This assignment is due NO LATER than
Monday, August 9, by 2:00pm. Do not email - I want it handwritten.
The full 5 points will be given only
for complete answers. Make sure you answer the question that is
asked,
no more, no less. You will need
to weigh the marginal benefits and marginal costs to determine if your
time
should be spent on this 5-point
assignment or on studying for the final exam. Make an economically
sound decision!
The United States is experiencing a high rate of
unemployment.
a. Identify one fiscal
policy action that Congress might initiate to decrease the unemployment
rate.
b. Assume that the
policy you identified reduced unemployment, but the economy is still
operating below full employment.
Using a correctly labeled aggregate demand/aggregate
supply graph, show and explain how the action you identified
would affect each of the following:
i) Output
ii) Price level
c. Briefly explain how
the policy you identified would affect interest rates.
d. Given that the
economy is still below full employment, identify the open market policy
the Federal Reserve
could implement to increase the money supply.
e. Using correctly
labeled graphs, show and explain how an increase in money supply will
affect each of the
following in the short run.
i) Interest rates
ii) Output
iii) Price level
