SYLLABUS: ECONOMICS 100B
INTERMEDIATE MICROECONOMICS
FALL 2015
INSTRUCTOR:
OFFICE:
PHONE:
FAX:
E-MAIL:
OFFICE HOURS:
Professor Craig Gallet
Tahoe 3024
278-6099
278-5768
cgallet@csus.edu
TR 4-5:30pm
PREREQUISITES:
Economics 1B (Introduction to Microeconomic Analysis)
TEXTS:
Required: Microeconomics, 7th Edition (2015), Perloff.
Required: Transparencies to Accompany Lectures.
Recommended: Study Guide to Microeconomics (2015).
GRADING:
Percentage of Course Grade
Three Exams
Six Quizzes
Homework Assignments
70%
20%
10%
The following expected grade scale will be used in this class:
Percentage of Weighted Points Possible
90-100
80-89
70-79
60-69
< 60
Grade Range
A’s (A, A-)
B’s (B-, B, B+)
C’s (C-, C, C+)
D’s (D-, D, D+)
F’s
Note: If scores are below expectations, the instructor reserves the
right to “adjust the curve” accordingly.
Note: This class will adhere to all CSUS policies regarding
academic behavior.
Regarding the homework assignments, they are graded on a plus
(+), check (√) or minus (-) system. As long as you receive a plus
or a check, then you will receive full credit. However, a minus
will give you no credit. Furthermore, no late homework’s will be
accepted.
Regarding the examinations (to be taken during the first 75
minutes on the dates provided below), they will consist of a
mixture of multiple choice and true/false questions, as well as a
few short answer problems. Quizzes (to be taken during the first
15 minutes on the dates provided below) will consist of multiple
choice and true/false questions. Your lowest quiz score will be
“dropped” and not factored into the computation of your grade.
On exam and quiz dates, please bring a scantron sheet (Form No.
882-E), calculator, and #2 pencil with you.
IMPORTANT DATES:
September 17:
September 24:
October 1:
October 22:
October 29:
November 5:
November 26:
December 3:
December 10:
December 17:
Quiz 1
Quiz 2
Exam 1
Quiz 3
Quiz 4
Exam 2
Thanksgiving Holiday (no class)
Quiz 5
Quiz 6
Exam 3 (5:15 – 7:15pm)
PURPOSE AND OBJECTIVES:
The purpose of this course is to expand your comprehension of
economics by addressing a wide range of topics in the field of
microeconomics, including but not limited to output markets,
consumer and producer behavior, and input markets. Accordingly,
the course objectives are:
 To expand your knowledge of how prices are used to allocate
scarce resources.
 To enhance your understanding of economic decision-making,
which entails evaluating the benefits and costs of alternative
choices.
 To expand your awareness of the application of economics to the
"real-world".
LECTURE OUTLINE
I.
Introduction (Chapter 1)
Fundamental Premise of Economics
Math Refresher
II.
Demand and Supply (Chapters 2 and 3)
Demand
Supply
Market Equilibrium
Comparative Statics
Elasticity
III.
Theory of the Consumer (Chapters 4 and 5)
Cardinal vs. Ordinal Approach
Derivation of Demand
IV.
Theory of the Firm (Chapters 6 and 7)
Short Run vs. Long Run Production
Short Run vs. Long Run Cost
Profit Maximization
V.
Structure, Conduct, Performance (Chapters 8, 9, 11 - 14)
Perfect Competition
Pure Monopoly
Market Welfare
Alternative Pricing Strategies
Monopolistic Competition
Oligopoly
Game Theory
VI.
Input Markets (Chapters 15 and 16)
VII.
More Stuff? (Chapters 17 and 18)
Risk and Uncertainty
Externalities