(12:00-1:15AM on Mon and Wed, CA239)
Fall, 2011
Instructor: Jaesoo Kim, Assistant Professor
Office: CA 509B
Phone: 317-274-2217
E-mail: jaeskim@iupui.edu
Office hours: 3-5 pm on Wed
Course Overview :
Microeconomics studies the decision making of individuals and firms. The course explains how the market system can enhance people’s well-being through individual planning and voluntary cooperation in contrast to central planning. On the other hand, the course also criticizes free market fundamentalism by studying how and when market fails to achieve efficiency.
This course is best suited to a lecture format, although students are encouraged to ask questions and participate. Occasionally, several economic experiments will be run in-class.
The IUPUI All-Campus Bulletin lists “sophomore standing” as a prerequisite for all sections of
E201. Freshmen can take this course, but this is meant to advise you that E201 is a more analytically rigorous course than most survey courses you might expect to take in your first year of college study.
Textbook Either of
(1) Edwin G. Dolan, Introduction to Microeconomics 4 th edition
(eBook: $19.99 / hardcopy: $39.99)
(2) Gregory Mankiw, Principles of Microeconomics 5 th edition
(3) Paul Krugman and Robin Wells, Microeconomics 2 nd edition
Grading
(1) There will be quizzes after each chapter, two midterms, and a (common) final exam. You will only be tested on the material covered in class. The weights for the final grade will be
Best 12 Quizzes: 35%.
Two Midterm Exams: 40%
Final Exam: 25%
To help your preparation for the tests, the practice problems will be posted online after finishing every chapter. There are NO makeup exams!
1

(2) The attendance is important and required. You are allowed to have 7 absences without any penalty. After 7 absences, each additional absence will lower your final score by 0.5 point.
On the other hand, the persons who have full attendance will earn extra 2 points in the final grading scale.
(3) The following grading scale will be applied for the determination of the final grades.
A+ >=92
A
B+
>=88
>=82
B >=78
C+ >=74
C
C-
>=70
>=65
D
F
>=55
< 55
(4) There will be no make-up exam. Exceptions may be grated only when things are clearly beyond your control, i.e., injuries or illnesses.
Common Final Exam
E201 has a Common Final Exam. You will take the Final Exam at the same day with all the other E201 students. This final is cumulative.
The Common Final Exam will be held on
Wednesday Dec 14 from 10:30 AM to 12:30 PM in the Lecture Halls.
Course Website (https://oncourse.iu.edu)
All the course announcements and related materials will be posted on the course website. It is your responsibility to check it periodically to get updated information about the course.
Free Tutoring
The Department of Economics provides free tutoring to students in this course. The schedule will be posted online soon. I encourage you to take advantage of the tutoring program whenever you are unclear about the class materials.
Academic Integrity
Indiana University-Purdue University Indianapolis has a Code of Student Conduct, administered by the Office of the Dean of Students. This Code sets standards for academic integrity at IUPUI for all undergraduate and graduate students. As a student you are responsible for upholding these standards for this course. It is very important for you to be aware of the consequences of cheating, fabrication, facilitation, and plagiarism.
2

Schedule (tentative): Readings below are based on the 5th edition of Mankiw.
Date Topics
Aug 22 / 24
Aug 29 / 30
Sep 5
(Labor day)
Sep 7
Sep 12 / 14
Sep 19 /21
Sep 26
Sep 28
Oct 3 / 5
Oct 10 / 12
Oct 17
(Fall Break)
Oct 24 / 26
Oct 31
Nov 2
Nov 7 / 9
1. Principles of Economics (Dolan ch.1: p4-17) (Krugman ch.1&9)
2. Economic Method (Dolan ch.1: p17-22) (Krugman ch.2)
3. Gains from Trade (Dolan ch.7: p176-180) (Krugman ch.8)
4. Supply and Demand (Dolan ch.2: p42-59) (Krugman ch.3)
5. Elasticity (Dolan ch.3: p72-81) (Krugman ch.6)
6. Government Policies (Dolan ch.2: p59-65) (Krugman ch.5)
7. The Efficiency of Markets (Dolan ch.5: p130-134) (Krugman ch.4)
1 st Midterm
8. Application: Taxation (Dolan ch.3: p83-90) (Krugman ch.7)
9. Application: International Trade (Krugman ch.8)
10. Externalities (Dolan ch.6) (Krugman ch.1) (Krugman ch.17)
11. Public Goods and Common Resources (Dolan ch.4: p108-111) (Krugman ch.18)
13. Production (Dolan ch.8) (Krugman ch.12)
14. Competitive Markets (Dolan ch.9) (Krugman ch.13)
15. Monopoly (Dolan ch.10) (Krugman ch.14)
17. Oligopoly: Introduction to Game Theory (Dolan ch.11) (Krugman ch.15)
2 nd Midterm Nov 14
Nov 16
(Conference attendance)
Nov 21
Dec 12
Dec 14
18. The Factors of Production (Dolan ch.13) (Krugman ch.20)
19. Earnings and Discrimination (Dolan ch.6)
20. Income Inequality (Dolan ch.16)
22. Asymmetric Information (Dolan ch.14) (Krugman ch.21)
Nov 23
(Thanksgiving)
Review for the final
Nov 28 / 30
Dec 5 / 7
Final
3