ECN301 Intermediate Microeconomics Summer Session II 2023
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Intermediate Microeconomics
ECN301
Summer Session II 2023
Course Format
This course will be fully online and asynchronous during Summer 2023, lecture videos will be uploaded to blackboard.
Prerequisites
• ECN101
• either ECN102 or ECN203
• either MAT284, MAT285, or MAT295
Office Hours
To facilitate learning as much as possible, I will have office hours both in-person for those in the Syracuse area as well as over Zoom for those who are working remotely. Please use this link for the Zoom office:https://syracuseuniversity.zoom.us/j/3439100206. I understand that we may all be in different time zones, so I encourage you to send me an email to set up another time for an appointment as needed.
Course Description
This course covers concepts and tools for the analysis of the behavior of consumers and firms, consumption decisions, market structures, and general equilibrium. Topics include consumer choice, market demand and equilibrium, production choice, behavior of firms in competitive markets and in markets where firms have market power. Students are expected to have mastered basic algebra and be familiar with some calculus prior to attending class.
Textbook
Hal R. Varian (2014): Intermediate Microeconomics: A Modern Approach, Ninth Edition.
(Previous editions of this book are also acceptable, but I cannot guarantee that it will cover all the required material and that the chapters align perfectly with the course outline)
Grading
The final grade will consist of homework assignments and exams. The weights assigned to each are as follows:
• Homework (30%)
• Exam 1 (35%)
• Exam 2 (35%)
Homework: There will be 6 homework assignments, each worth 5% of your overall course grade. Homework will be due each week on Friday 11:59PM Eastern Standard Time and will be submitted on Blackboard under the Assignments section. Late homework will get a penalty of 1% point (20% of each homework) by each day beyond the due date. For example, if an assignment is late by one day, then the maximum point you can get for the assignment is 4% of your overall course grade. If you do not submit the homework assignment within 5 days past the due date, you may still send it to me for feedback, but you will receive 0% on the assignment. You can ask about homework during office hours.
Exam: There will be two exams. Exams will be non-cumulative and take-home with a set time and time limit. There will not be any alternative times for these exams unless for university sanctioned reasons with documentation, and you must let me know by the end of the first week.
• Exam 1: July 21st at 11AM Eastern Standard Time
• Exam 2: August 11th at 11AM Eastern Standard Time
The final course grade will be determined as follows:
A: 92 – 100 A-: 88 – 91.9
B+: 84 – 87.9
C+: 72 – 75.9
D: 60 – 63.9
B: 80 – 83.9
C: 68 – 67.9
F: 0 – 59.9
B-: 76 – 79.9
C-: 64 – 67.9
Academic Integrity
Syracuse University’s Academic Integrity Policy reflects the high value that we, as a university community, place on honesty in academic work. The policy defines our expectations for academic honesty and holds students accountable for the integrity of all work they submit. Students should understand that it is their responsibility to learn about course-specific expectations, as well as about university-wide academic integrity expectations. The policy governs appropriate citation and use of sources, the integrity of work submitted in exams and assignments, and the veracity of signatures on attendance sheets and other verification of participation in class activities. The policy also prohibits students from submitting the same work in more than one class without receiving written authorization in advance from both instructors. Under the policy, students found in violation are subject to grade sanctions determined by the course instructor and non-grade sanctions determined by the School or College where the course is offered as described in the Violation and Sanction Classification Rubric. Syracuse University students are required to read an online summary of the University’s academic integrity expectations and provide an electronic signature agreeing to abide by them twice a year during pre-term check-in on MySlice. For more information about the policy, see
https://class.syr.edu/academic-integrity/policy/.
Accommodations for Students with Disabilities
Syracuse University values diversity and inclusion; we are committed to a climate of mutual respect and full participation. There may be aspects of the instruction or design of this course that result in barriers to your inclusion and full participation in this course. I invite any student to contact me to discuss strategies and/or accommodations (academic adjustments) that may be essential to your success and to collaborate with the Center for Disability Resources (CDR) in this process. If you would like to discuss disability-accommodations or register with CDR, please visit Center for Disability Resources. Please call (315) 443-4498 or email [email protected] for more detailed information. The CDR is responsible for coordinating disability-related academic accommodations and will work with the student to develop an access plan. Since academic accommodations may require early planning and generally are not provided retroactively, please contact CDR as soon as possible to begin this process.
Course Outline
Topic |
Textbook |
Assignment /Week/ Exam |
|
Math Review |
|
Mathematical Appendix |
|
Theory of the Consumer |
Budget Constraint |
Chapter 2 |
Week 1 |
Preferences |
Chapter 3 |
|
|
Utility |
Chapter 4 |
Assignment 1 |
|
Choice |
Chapter 5 |
Week 2 |
|
Demand |
Chapter 6 |
|
|
Substitution and income effects |
Chapter 8 |
Assignment 2 |
|
Consumers Surplus |
Chapter 14 |
Week 3 |
|
Market Demand |
Chapter 15 |
|
|
Equilibrium |
Chapter 16 |
Assignment 3, Exam 1 |
|
Theory Firm |
Technology |
Chapter 19 |
Week 4 |
Profit Maximization |
Chapter 20 |
|
|
Cost Minimization |
Chapter 21 |
Assignment 4 |
|
Cost Curves |
Chapter 22 |
Week 5 |
|
Firm Supply |
Chapter 23 |
Assignment 5 |
|
Monopoly |
Chapter 25 |
Week 6 |
|
Monopoly Behavior |
Chapter 26 |
|
|
Oligopoly |
Chapter 28 |
Assignment 6, Exam 2 |
2023-06-21