Prerequisites: Economics 11

Text: Robert S. Pindyck and Daniel L. Rubinfeld, Microeconomics.

Grading: 2 midterm exams (in class) 25% each = 50% 1 comprehensive final 30% = 30% 4 problem sets 5% each = 20%

I reserve the right to raise or lower final grades one half of a letter grade, based on attendance and class participation.

NO make-up exams will be given. If you have an acceptable excuse (according to University policy), your next exam grade will be counted as double.

Problem Sets: As practice for the exams, five problem sets will be assigned. Your four best scores on these sets will be counted towards your final grade. Each problem set must be handed in at the beginning of class on the day that it is due. NO late problem sets will be accepted. You are encouraged to work with your classmates on these problems, however each individual must write-up their own answers.

Honor code: If there is any suspicion of foul play, on exams or the problem sets, all those involved will get a zero for the exam or set, no discussion. A second offense will result in failure of the course.

Chapter 1 Introduction
Chapter 2 The Basics of Supply and Demand
No class, Convocation
Chapter 3 Consumer Behavior
Chapter 4 Individual and Market Demand
Chapter 6 Production
No class, Fall Break
Exam I
Chapter 7 The Cost of Production
Chapter 8 Profit Maximization and Competitive Supply
Chapter 9 The Analysis of Competitive Markets
Chapter 10 Market Power: Monopoly and Monopsony
Chapter 11 Pricing with Market Power
Exam II
Chapter 12 Monopolistic Competition and Oligopoly
Chapter 16 General Equilibrium
cumulative Final exam