ECON 211 Syllabus, Spring 2012

American University of Beirut Faculty of Arts and Sciences Department of Economics ECONOMICS 211: Elementary Microeconomic Theory (updated 2/06/12) SPRING 2011-2012 LEILA DAGHER 234 ADA DODGE HALL CLASS: T-TH 9:30-10:30 or 11:00-12:00 (check banner for your section) OFFICE HOURS: T-Th. 12-1 OR BY APPOINTMENT ld08@aub.edu.lb COURSE LEARNING OUTCOMES By the end of the semester, students should be able to  Explain basic economic concepts and theories including but not limited to theories of demand and supply, opportunity cost, etc.  Define economic terms and economic facts, identify, label and reproduce economic graphs.  Analyze economic problems and find solutions to these problems using economics tools learned in class  Evaluate ethical, social, psychological and environmental implications of economic problems and their solutions. RESOURCES AVAILABLE TO STUDENTS Required Textbook: Case, Fair, and Oster, 2011. Principles of Economics, 10th edition. Pearson Education Limited. GRADING CRITERIA There will be two Moodle-based exams, a midterm and a final, during the course of the semester. The date of the midterm is March 31, and the date of the final will be announced at a later time by the registrar. The final carries a weight of 45%, the midterm 40%, and the remaining 15% will be distributed between participation, assignments, and class behavior. SCHEDULE Below is a tentative course outline, it will be updated as needed. We will cover as many from the following topics as time permits. 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 Production 7 + appendix Costs in the Short Run 8 Costs in the Long Run 9 + appendix Input Demand 10 Perfect Competition 12 Monopoly 13 Oligopoly 14 Monopolistic Competition 15 Externalities and Public Goods 16 COURSE POLICY -Students are expected to abide by the Student Code of Conduct and not to engage in any disruptive behavior in class, such as side discussions, etc. -Cheating and plagiarism will not be tolerated and will be subject to disciplinary actions (see http://www.aub.edu.lb/pnp/generaluniversitypolicies/Documents/StudentCodeConduct/ StudentCodeConduct.pdf ). -Only medical reports and/or qualified professional opinions issued by an AUB employee, AUH doctor, or by the University Health services will be accepted in case you miss an announced exam or quiz.