Last updated April 29, 2013
 
EC 2040
principles of microeconomics

Schedule

Readings

  

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Dr. Tran H. Dung

Office:
285 Rike Hall

Office Hours

MWThF
11:00 - 11:35 AM
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 (Ninth edition)

The book website:

http://highered.mcgraw-hill.com/sites/0077501802/student_view0/index.html

Recommended:

                Study Guide to accompany Colander’s Economics

◙  Class Rules

Exams:

Three one-hour examinations 20% 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 three midterms, will automatically receive an A for the course and be exempted from the final exam.

◙ SUMMER 2013 Schedule (tentative)

Lecture notes are distributed only in class

 

Week

Date

Topic

Chapter

1

5/6

 

5/7

5/8

5/9

Economics and Economic Reasoning

The production possibility model, trade, and globalization

Supply and demand

Using supply and demand

Describing supply and demand: elasticities

1

2

4

5

6

2

5/13

5/14

5/15

5/16

Taxation and government intervention

FIRST MIDTERM

The logic of individual choice

Production and cost analysis I

7

6

19

11

3

5/20

5/21

5/22

5/23

Production and cost analysis I

Production and cost analysis II

Perfect competition

SECOND MIDTERM 

11

12

13

 

4

5 /27

5/28

5/29

5/30

MEMORIAL DAY HOLIDAY - NO CLASS

Monopoly & Monopolistic competition

Monopoly & Monopolistic competition

Oligopoly & Antitrust policy

 

14

14

15

5

6/3

6/4

6/5

6/6

Work and the Labor Market

Work and the Labor Market

THIRD MIDTERM

Market failure vs. government failure

17

17

 

8

6

6/10

6/11

6/12

6/13

Comparative Advantage, Exchange Rates, and Globalization

International trade policy

REVIEW

FINAL EXAM

9

10

 

 

 

 


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