Last updated September 20, 2011
 
EC 204
principles of microeconomics

Schedule

Readings

  

Email professor

Main page

   


Dr. Tran H. Dung

Office:
285 Rike Hall

Office Hours

MWF
11:00AM - noon
or by appointment

Phone
775-2295
or 775-3070

Fax
(937) 775-2441 

 

  
Welcome to my class!

This webpage is designed for students who are taking this course from me (Tran Huu Dung) at Wright State University. If you are not one of my students, this page is not for you. I do have some stuff that might be of interest to visitors, please click here to go to the main gate to my homepage, and navigate from there.

If this is the first time you are taking a course with me, please send me an email ASAP to introduce yourself (your name, major, aspiration, and anything you care to tell me). The more I know about you, the better I can tailor the course to your background and your needs.

Visit this page as often as you can (it's a good idea to bookmark it), I'll update it at least once a week.

See you in class!

THD

 


◙  Objectives of the Course

The main objective of the course is to analyze the decisions of different economic units in a market economy. Topics covered include the theory of household behavior, input and output decisions of the firm under different market structures. The course also examines the basis for international trade and the role of government policy in a market economy.

◙  Prerequisite

None

◙  Textbooks

Required:

             Colander, Economics (Eighth edition)

The book website:

http://highered.mcgraw-hill.com/sites/0077247167/student_view0/index.html

Recommended:

                Study Guide to accompany Colander’s Economics

◙  Class Rules

Exams:

Two one-hour examinations 30% of the final grade (each)
Comprehensive final exam 40% of the total grade

Type of Exam:

Multiple Choice questions

No Quizzes, No Homework, No Other Projects

Class Participation:

Students are expected to read the assigned chapters on time and come to class prepared to discuss the material. In all cases, ask questions.

Attendance Policy:

Regular class attendance is strongly recommended. Attendance sheets are circulated in each session. Be sure to sign them.

Attendance records will be taken into consideration in borderline cases.

Retake Policy

No retake is allowed.

Makeup Policy

Request for a make-up MUST BE MADE BEFORE THE EXAM IS GIVEN IN CLASS. Approval is at the instructor's discretion.

No make-up, once allowed and scheduled, may be re-scheduled.

◙  Grading Policy

Grades will be curved.

SPECIAL INCENTIVE: Those who have a perfect attendance record throughout the course, and score above 95% in each of the two midterms, will automatically receive an A for the course and be exempted from the final exam.

◙ FALL 2011 Schedule (tentative)

Lecture notes are distributed only in class

 

WEEK

DATE

TOPICS

CHAPTER

NOTES

1

 9/7
9/9

Economics and Economic Reasoning
The production possibility model, trade, and globalization

1
2 

 

2

 9/12
9/14
9/16

Supply and demand
Using supply and demand
Using supply and demand

4
5
5

 

3

 9/19
9/21
9/23

Describing supply and demand: elasticities

Describing supply and demand: elasticities
Taxation and government intervention

7
7
8

 

4

 9/26
9/28
9/30

The logic of individual choice
 Review for exam
■ FIRST MIDTERM

10

 

 

5

 10/3
10/5
10/7

Production and cost analysis I

Production and cost analysis I
Production and cost analysis II

12
12
13

 

6

 10/10
10/12
10/14

Perfect competition
Perfect competition
Monopoly

14
14
15

  

7

 10/17
10/19
10/21

Monopoly
Monopolistic Competition, Oligopoly

Game theory, Strategic decision making, and behavioral economics

15
16
11

 

  

8

 10/24
10/26
10/28

Review for exam
■ SECOND MIDTERM
Antitrust Policy and Regulation

 

18

 

9

 10/31
11/2
11/4

Work and the Labor Market
Work and the Labor Market
Market failure vs. government failure

19
19
21

 

10

 11/7
11/9
11/11

International trade policy
International trade policy
 Review for final exam

9
9

 

FINAL EXAM

Section 1 (9:45 AM): WEDNESDAY NOVEMBER 16, 8:30 AM - 10:30 AM
Section 3 (12:15 PM):  WEDNESDAY NOVEMBER 16, 1:00 PM - 3:00 PM
 

 

 

 


Some extra readings

 

ANSWERS TO REVIEW QUESTIONS

1. A
2. D
3. A
4. C
5. A
6. A
7. C
8. C
9. C
10. D
11. B
12. B
13. B
14. B
15. C
16. C
17. A
18. A
19. C
20. C
21. A
22. B
23. C
24. B
25. B
26. A
27. B
28. D
29. A.
30. A
31. A
32. A
33. A
34. B
35. C
36. C
37. B
38. C
39. C

 

ANSWER TO PRACTICE QUESTIONS ON "WORK AND THE LABOR MARKET"

1.    C
2.    C
3.    C
4.    D
5.    D
6.    D
7.    D
8.    D
9.    D
10.    B
11.    A
12.    B
13.    A
15.    D
15.    Skip (no correct answer given)
 

        ANSWERS TO PRACTICE QUESTIONS SET #1:
                1.    B
                2.    A
                3.    B
                4.    D
                5.    A
                6.    A
                7.    A
                8.    A
                9.    A
              10.    B


ANSWER TO REVIEW QUESTIONS FOR FINAL EXAM

1-10:  B, B, B, B, B, B, D, A, C, A
11-20: C, B, B, A, B, D, B, C, C, B
21-30: C, A, C, D, B, D, C, C, B, A
31-40:  A, D, B, C, B, C, C, C, C, B
41-50: C, A, B, C, B, B, A, C, D, C
51-60: D, D, C, A, C, C, B, B, B (second 59: B), C
61-70: C, B, B, C, C, C, B, C, A, C
71-73: B, B, A,
74-88: SKIP (NOT COVERED IN CLASS, WILL NOT BE ON EXAM)
89-90: C, C
91-100: C, D, D, D, D, D, D, B, A, B
101-105: A,B, C, D, C
 

    Readings in Microeconomics

Good Links:

 

To see self tests & answers, click here

 

Last updated: August 28, 2007