ECON 211 Syllabus, Spring 2011

AMERICAN UNIVERSITY OF BEIRUT COURSE SYLLABUS Course Number: Economics 211 Sections: All Term: Spring 2011 Course Title: Elementary Microeconomic Theory Catalog Description: The general principles of microeconomics. Includes elements of supply and demand, consumer behavior, production and costs, market structures and income distribution. Class Lectures: Mondays and Wednesdays: 10:00---10:50 11:00---11:50 Lecturer: Dr. Sandra El-Saghir Sinno Email: se02@aub.edu.lb Office: room 242 Economics department Phone: AUB extension 4063 Office Hours: Mondays and Thursdays from 1:00 pm to 2:00 pm Course Learning Outcomes: Students should be able to 1. Define economic terms, describe economic facts, identify, label and reproduce economic diagrams. 2. Identify economic problems and find solutions to these problems using the tools of supply and demand. 3. Analyze, compare and contrast different solutions to these problems according to different economists. 4. Show critical awareness of ethical, social, psychological and environmental implications of economic problems and their solutions. Resources Available to Students Textbook: Principles of Economics, by Case & Fair, 9th edition, 2009. Lecture Notes: Students are expected to take their own notes during lectures. 1 Homeworks: The following textbook (9 th edition) exercises are required: Chapter Problems 1 3, 6, and 3 in appendix. 2 4, & 6 3 4, & 9 4 8, & 10 5 3, 5, & 10 6 10, and 3 in appendix. 7 12 8 8 9 9, & 14 10 11 13 4 14 5, & 6 15 8 The following are the required chapters in the 9 th edition: TOPIC CHAPTER Scope & Method of Economics 1 + appendix Scarcity and Choice 2 Demand and Supply 3 Demand and Supply Applications 4 Elasticity 5 + appendix Consumer Choice 6 + appendix Midterm exam on Moodle Production 7 + appendix Costs in the Short Run 8 Costs in the Long Run 9 + appendix Input Demand 10 Monopoly 13 Oligopoly 14 Monopolistic Competition 15 Final Exam on Moodle 2 Course Policy 1. Attendance policy: Students are expected to attend all lecture and recitation sessions. Absences should be kept to a minimum. If a student is absent for more than six sessions, the student WILL BE ADVISED to drop the course. 2. Makeup policy: If a student misses an exam, the student should present a valid medical excuse from AUH or the AUB infirmary. Any other excuse is NOT valid. If no valid excuse is presented, the student will receive a grade of zero on the missed exam. 3. Discipline policy: Students are expected to come to class on time and leave the class on time. Students are expected to behave well in class by not disturbing the instructor or other students. Students are expected not to eat, not to drink, not to talk, not to use their mobile phones, not to let their mobile phones ring during class, etc…If a student misbehaves, the student will be asked to leave the room. If the student continues to misbehave, his (her) name will be given to the Disciplinary Committee for action. 4. Cheating policy: Students are expected NOT to cheat during exams. If a student cheats according to the cheating criteria set by AUB, the name of the student will be given to the Disciplinary Committee for action. Students should be aware of cheating criteria at AUB. 5. Grading policy: Midterm exam (35%), Final Exam (50%), attendance, behavior and participation (15%) . Note: The Final Exam is comprehensive. 3