Learn more », © 2001–2018 Find materials for this course in the pages linked along the left. - Definition & Examples, Lesson 2 - Total Product, Average Product & Marginal Product in Economics, Lesson 3 - Identifying Fixed Costs & Variable Costs for Producers, Lesson 4 - The Law of Diminishing Marginal Returns, Lesson 5 - Using the Total Cost Curve to Make Production Decisions in the Short-Run, Lesson 6 - Average Cost Vs. Total Cost: Making Production Decisions in the Short-Run, Lesson 7 - How Marginal Costs Differ from Average & Total Costs, Lesson 8 - Product & Cost Curves: Definitions & Use in Production Possibility Curves, Lesson 9 - Understanding Long-Run Production Decisions in Economics, Lesson 10 - Short-Run Costs vs. Syllabus, Lectures: 2 sessions / week, 1 hour / session, Recitations: 1 session / week, 1 hour / session. MIT OpenCourseWare is a free & open publication of material from thousands of MIT courses, covering the entire MIT curriculum. ECON-2302 Credit Summer 2020 06/01/2020 - 07/05/2020 Course Information. Lesson 1 - Who Is the Consumer in Microeconomics? Jessica Leight. This Principles of Microeconomics Syllabus Resource & Lesson Plans course is a fully developed resource to help you teach microeconomics. The Code of Honor, an expression of the values from which our Doctrinal Statement was born, defines the fundamental principles by which our community exists. Principles of Economics. PRINCIPLES OF MICROECONOMICS SYLLABUS. Principles of Microeconomics is concerned with the interactions between individual households and business firms. The concepts of supply and demand will be studied; students will learn what these concepts mean, how they operate, and how prices are determined. Students may work together on problem sets, but they all have to individually write up the answer. All rights reserved. Did you know… We have over 220 college courses that prepare you to earn The instructor reserves the right to use his discretion in individual circumstances that may not be covered by this syllabus or if the application of the rules of the syllabus would result in a miscarriage of justice. The resource below is provided in the course at no cost to the student.. Mateer, D., & Coppock, L. (2018). Check your knowledge of this course with a 50-question practice test. Massachusetts Institute of Technology. There's no signup, and no start or end dates. ), Learn more at Get Started with MIT OpenCourseWare, MIT OpenCourseWare makes the materials used in the teaching of almost all of MIT's subjects available on the Web, free of charge. This is one of over 2,200 courses on OCW. CG • Section 8WK • 11/08/2019 to 04/16/2020 • Modified 07/28/2020. For each course, the course syllabus will document the amount of in-class (or other direct faculty instruction) and out-of-class work required to earn the credit hour(s) assigned to the course. Earn Transferable Credit & Get your Degree, Principles of Microeconomics Syllabus Resource & Lesson Plans Practice Test. They do not provide credit. - Definition & Impact on Consumers, Lesson 5 - An Overview of Major Economic Powers of the World, Lesson 6 - Understanding a Command System in Economics, Lesson 7 - What is Game Theory? At MIT, this is the first course that undergraduates take in economics. Week 5 and 6: Elasticity, Consumer Choices, Chapters 5-6 of Principles of Microeconomics 2e from OpenStax, discussion board, homework Week 7 and 8: Production, Costs, and Industry Structure, Perfect Competition, Chapters 7-8 of Principles of Microeconomics 2e from … You can utilize these transcripts in several ways: Each video lesson has a corresponding quiz. Microeconomics is concerned with how societies allocate scarce resources. Principles of Microeconomics deals with the interactions between individual households and business firms. Home Section 002 Distance Learning ONL DIL James Sondgeroth. Course Syllabus ECN211G – Intermediate Microeconomics Number of ECTS credits: 6 Time and Place: Tuesday, 16:30-18:00 at VeCo 2 Thursday, 16:30-18:00 at VeCo 2 We don't offer credit or certification for using OCW. 14.01 Principles of Microeconomics is an introductory undergraduate course that teaches the fundamentals of microeconomics. During the first two weeks of the semester, students may switch between formats. MIT OpenCourseWare makes the materials used in the teaching of almost all of MIT's subjects available on the Web, free of charge. Market structure, market failure and income distribution will also be considered. The goal is to apply select microeconomic theories to real-world … - Definition & Impact on Consumers, Lesson 3 - Understanding Monopolistic Competition in Economics, Lesson 4 - What is an Oligopoly? Principles of Microeconomics. Course Description. About this Course. Lesson 2 - Utility Maximization: Budget Constraints & Consumer Choice, Lesson 3 - Understanding the Individual Demand Curve, Lesson 4 - Factors that Affect the Market Demand Curve, Lesson 5 - Calculating & Using the Market Demand Curve in Microeconomics, Lesson 6 - Substitution & Income Effects: Impacts on Supply & Demand, Lesson 7 - Normal & Inferior Goods in Microeconomics, Lesson 8 - How the Engel Curve Influences Individual Demand, Lesson 9 - Consumer Preferences & Choice in Economics, Lesson 10 - Consumer Theories in Economics: Decision Making, Incentives & Preferences, Lesson 11 - Budget Lines & the Rate of Transformation in Economics, Lesson 12 - Indifference Curves: Use & Impact in Economics, Lesson 13 - Marginal Rate of Substitution: Definition, Formula & Examples, Lesson 14 - The Indifference Curve for Substitutes & Complements in Economics, Lesson 15 - Economics Assumptions about the Maximization of Utility, Consumer Behavior & Microeconomics Lesson Plans, Lesson 1 - What is Short-Run Production? Scarce Economic Resource Markets Lesson Plans, Practice test: Scarce Economic Resource Markets Lesson Plans, Ch 7. ECON-2302 Credit Fall 2020 08/24/2020 - 12/13/2020 Course Information. If students are interested in further reading, they can look at the following book: Perloff, Jeffrey M. Microeconomics, 7th Edition. Course Description- Principles of Microeconomics deals with the interactions between individual households and business firms. The syllabus as it stands on the first week of the semester will be the final arbiter of all questions about the course, its assignments, its due dates, and its grading methodology. Supply and Demand in Microeconomics Lesson Plans, Practice test: Supply and Demand in Microeconomics Lesson Plans, Ch 3. Knowledge is your reward. PRINCIPLES OF MICROECONOMICS SYLLABUS (COWEN/TABARROK) Syllabus follows a M-W-F schedule but can be adapted for other class schedules… Thereafter a student can change only with special faculty approval. At the end of the term, students will have the nine best homework grades cumulated and this will count for 25% of the final course grade. This will be 2 hours long, and will count as 25% of the grade. The concepts of supply and; demand will be studied; students will learn what these concepts mean, how they; operate, and how prices are determined. » All other trademarks and copyrights are the property of their respective owners. Consumer Behavior & Microeconomics Lesson Plans, Practice test: Consumer Behavior & Microeconomics Lesson Plans, Ch 4. Find materials for this course in the pages linked along the left. - Definition & Types, Lesson 2 - The Importance of Consumer Choice in Economics, Lesson 3 - Microeconomic Resources: Scarcity & Utility, Lesson 4 - Understanding the Challenge of Resource Allocation, Lesson 5 - What Is the Economic Man? 458 Spring 2008 Office Hours: Open Door Policy Prof. Bruce Caldwell Office Phone: 334-4865 bruce_caldwell@uncg.edu COURSE DESCRIPTION The purpose of this course is to familiarize the student with the generally accepted principles of microeconomics. Spring 2020 Course Syllabus Course: ECON-2302 - Section: 71 Principles of Microeconomics: Instructor Information; Instructor: Kara Booth: E-mail: boothkn@lamarpa.edu: Phone (409) 984-6418: Office: Location: Umphrey Industrial Technology Center - Room: 201A Hours: by appointment I was a teaching assistant for 14.01 Principles of Microeconomics in both semesters in the 2010-2011 year, and also served as the head TA. » Recitations are taught by graduate students but are organized to closely follow the lecture material so that there is little variation in content or teaching style between sections. There are no prerequisites for this course, although some calculus at the level of 18.01 Single Variable Calculus will be used. This will count as the remaining 50% of the grade. Study.com has thousands of articles about every imaginable degree, area of You can test out of the first two years of college and save Course Syllabus. For other students, it may provid… About MIT OpenCourseWare. MIT OpenCourseWare is a free & open publication of material from thousands of MIT courses, covering the entire MIT curriculum.. No enrollment or registration. Section 009 Distance Learning ONL DIL James Sondgeroth. Sciences, Culinary Arts and Personal Here's how to use the quizzes: Below is a sketch of the microeconomics syllabus modeled on a 7-week course. There will be one mid-term exam held. Disclaimer: The above resources provide information consistent with the latest research regarding the subject area. © copyright 2003-2020 Study.com. Syllabus , current location; Slides FAQs PRINCIPLES OF MICROECONOMICS SELF-PACED COURSE. Recitation Only: Students attend three one-hour sessions each week. This sample can be adapted based on your course schedule. Services, Lesson 1 - What is Economics? Download files for later. Office Hours. Here are the key components of the course and how you can use them: As you work on your microeconomics lesson plans, save time by incorporating video lessons from this resource. This is one of over 2,200 courses on OCW. If sessions are extremely unbalanced, the faculty reserves the right to reassign students. With more than 2,400 courses available, OCW is delivering on the promise of open sharing of knowledge. - Concept, Assumptions & Constraints, Lesson 6 - Common Logic Pitfalls in Economics, Lesson 7 - Microeconomics vs. Macroeconomics, Lesson 8 - Comparing Normative & Positive Economics, Lesson 9 - Comparative vs. Absolute Advantage in Microeconomics, Lesson 10 - An Overview of Economic Models & Uses, Introduction to Microeconomics Lesson Plans, Lesson 1 - The Concept of Ceteris Paribus in Economics, Lesson 2 - Understanding the Demand Curve in Microeconomics, Lesson 3 - The Supply Curve in Microeconomics, Lesson 4 - Causes of Supply and Demand Changes in Microeconomics, Lesson 5 - Market Equilibrium from a Microeconomics Perspective, Lesson 6 - Identifying Shortages and Surpluses in Microeconomics, Lesson 7 - Microeconomic Shifts in Supply and Demand Curves, Lesson 8 - Using Market Forces to Manipulate Supply and Demand, Lesson 9 - Price Ceilings and Price Floors in Microeconomics, Lesson 10 - Controlling Supply: Government Intervention & Market Forces, Lesson 11 - Price Elasticity: Understanding Supply and Demand, Lesson 12 - Price Elasticity of Demand in Microeconomics, Lesson 13 - Cross Price Elasticity of Demand: Definition and Formula, Lesson 14 - Income Elasticity of Demand in Microeconomics, Lesson 15 - Price Elasticity of Supply in Microeconomics, Supply and Demand in Microeconomics Lesson Plans. Microeconomics deals with the interactions between and among households and business firms; it focuses on the behavior of people and deals with the process by which we make our living under … There is no formal textbook for the course. Section 015 Distance Learning ONL DIL Livingstone Kumassah. The following is a synopsis of the syllabus for the one lecture section of ECON 2302 that I will teach in the Spring of 2011. At the core of this code lie two essential concepts: a belief in the significance of all individuals, and a reliance on the existence of objective truth. ECON-2302 Credit Summer 2019 07/05/2019 - 08/12/2019 Course Information. This course covers the fundamentals of Microeconomics that are usually covered throughout an introductory one-semester college course. Course ECN201 . Market Structures in Economics Lesson Plans, Practice test: Market Structures in Economics Lesson Plans, Ch 6. NOTE #1: Because of the Extra Credit Points discussed later in this syllabus, the total points shown in the Blackboard gradebook might actually be 1160. Supply and Demand. Course Description: Principles of Microeconomics deals with the interactions between individual households and business firms. Principles of Microeconomics Course Description- Principles of Microeconomics deals with the interactions ; between individual households and business firms. Government Issues in Microeconomics Lesson Plans, Practice test: Government Issues in Microeconomics Lesson Plans, Principles of Microeconomics Syllabus Resource & Lesson Plans, Biological and Biomedical Cancel Update Syllabus. Certificates show that you have completed the course. There will be 10 mandatory problem sets which will be individually graded and returned to the students. Introductory economics is an engaging subject and one that can serve as a foundation for a long academic career in economics or related fields, as it has for me. Ch 1. Principles of microeconomics.New York, NY: W. W. Norton. You can use this microeconomics course as a template for designing and implementing your course. Once you take the test, you will receive - Definition & Impact on Fixed Costs, Lesson 1 - Perfect Competition in Economics & Adam Smith's 'Invisible Hand', Lesson 2 - What is a Monopoly in Economics? Also, collaboration during exams will be considered a breach of academic honesty. ISBN: 9780133456912. Syllabus: ECN201 Principles of Microeconomics . credit by exam that is accepted by over 1,500 colleges and universities. NOTE #1: Because of the Extra Credit Points discussed later in this syllabus, the total points shown in the Blackboard gradebook will be 1140. Freely browse and use OCW materials at your own pace. Your use of the MIT OpenCourseWare site and materials is subject to our Creative Commons License and other terms of use. There will also be a three-hour final during finals period, which will be cumulative and cover all of the course materials. PRINCIPLES OF MICROECONOMICS INTRODUCTION Principles of Microeconomics introduces the basic building blocks of economic analysis based on economic agent optimizing behaviour. Principles of Microeconomics. Microeconomics is concerned with how societies allocate scarce resources. Not sure what college you want to attend yet? Principles of Microeconomics – ECON 213. Microeconomics deals with the interactions between and among households and business firms; it focuses on the behavior of people and deals with the process by which we make our living under conditions of free market capitalism. The concepts of supply and demand will be studied; students will learn what these concepts mean, how they operate, and how prices are determined. SYLLABUS Economics 201.04 – Principles of Microeconomics Office: Bryan Bldg. Here's how: Each video lesson includes a complete transcript. Semester: Fall 20. Addison-Wesley, 2012. Both formats use the same materials, cover the same topics, and have the same required homework and exams. 1. I am Jessica Leight and I'm a Ph.D. student in Economics at MIT. We study how individuals make decisions and how these decisions aggregate in market outcomes; individuals and firms. » thousands off your degree. Principles of Microeconomics. Principles of Microeconomics. You can easily adapt the video lessons, transcripts… We do so under conditions of perfect competition, Navigate the chapters and lessons for more detail. Check your knowledge of this course with a 50-question practice test. ... Syllabus, Textbook, Lecture Outline, Course Schedule, Grading System, Links). With more than 2,400 courses available, OCW is delivering on the promise of open sharing of knowledge. At the due date of the first homework, students must declare which section they are in, by attending section and signing in. No enrollment or registration. Market structure, market failure and income distribution will also be ; considered. Principles of Microeconomics ECON 2302 Instructor: James Sondgeroth SPRING 2018 MW Noon - 1:20 p.m. RGC - Room 3302 Synonym 31152, Section 019 NOTE: This syllabus may undergo minor changes up to the first day of the semester. Jump to Today ECON E-10a. In this unit we introduce the ceteris paribus assumption, which is crucial to … Send to friends and colleagues. The concepts of supply and demand will be studied; students will learn what these concepts mean, how they operate, and how prices are determined. ECON 203 7987 Principles of Microeconomics (2202) ECON-203 Spring 2020 Section 7987 3 Credits 03/16/2020 to 05/10/2020 Faculty Contact Tizita Wasihun [email protected] Course Description An analysis of the economic principles underlying the behavior of individual consumers and business firms. Economics All assignments, including homework and exams, will be submitted and graded individually. study and career path that can help you find the school that's right for you. Course Title: Principles of Microeconomics . Course Summary: Date Details; Prev month Next month November 2020. Through a dynamic and interactive approach, you will learn and apply concepts pertaining to Microeconomics (markets, prices, supply and demand, elasticity, competition etc.) » Fall 2020 Course Syllabus Course: ECON-2302 - Section: 71 Principles of Microeconomics: Instructor Information; Instructor: Kara Booth: E-mail: boothkn@lamarpa.edu: Phone (409) 984-6418: Office: Location: Umphrey Industrial Technology Center - Room: 201A Hours: Virtual Course Information. Anyone can earn credit-by-exam regardless of age or education level. - Explanation & Application in Economics, Lesson 8 - Nash Equilibrium & Game Theory, Market Structures in Economics Lesson Plans, Lesson 1 - Roles of Consumers & Producers in a Resource Market, Lesson 3 - Using Financial Markets to Allocate Capital in Economic Systems, Lesson 4 - Land & Natural Resources: Scarcity & Allocation. Courses This will automatically enroll them in that choice. The purpose of this course is to familiarize the student with the generally accepted principles of microeconomics. Use OCW to guide your own life-long learning, or to teach others. Made for sharing.