SYLLABUS: ECONOMICS 100B
INTERMEDIATE MICROECONOMICS
SPRING 2015
INSTRUCTOR:
OFFICE:
PHONE:
FAX:
E-MAIL:
OFFICE HOURS:
Professor Craig Gallet
Tahoe 3024
278-6099
278-5768
cgallet@csus.edu
M 3-5:30pm; or by appointment.
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:
There are 500 cumulative points possible throughout the semester,
distributed across exams, quizzes, and homework assignments,
according to the following distribution:
Points
Two Exams
320
Six Quizzes
120
Six Homework Assignments
60
500
Regarding the exams, each will consist of two equally-weighted
parts. The first part (Part A) will consist of 40 multiple choice and
true/false questions, with each correct answer worth 2 points (i.e.,
80 points possible on Part A). The second part (Part B) will
consist of 4 short answer or numerical/graphical problems
cumulatively worth 80 points. Thus, each exam in total is worth
160 points.
Regarding the quizzes, each will consist of 10 multiple choice and
true/false questions. Each correct answer is worth 2 points, and so
there are 20 points possible on each quiz (i.e., 120 points in total
across the 6 quizzes). Quizzes will be completed during the first
15 minutes of class, and so it is important that you arrive on time
to each lecture.
Since the quizzes and exams will have multiple choice and
true/false questions, please purchase several scantron sheets (Form
No. 882-E) from the bookstore to bubble in your answers. Also,
make sure you bring a #2 pencil and a calculator with you on exam
and quiz days.
Regarding the homework assignments, each will consist of
questions requiring analytical and written assessments of material
presented during the lectures. Each homework assignment will be
worth 10 points, for a total of 60 points possible across the 6
assignments. Each assignment will be graded on a plus (+), check
(), or minus (-) system. As long as you receive a plus or a check,
then you will receive full credit (i.e., 10 points) on the homework
assignment.
However, a minus will give you no credit.
Furthermore, no late homework’s will be accepted.
With respect to the 500 cumulative points possible, the following
scale will determine your final grade for the course:
Range of Total Points Received
467-500
450-466
434-449
417-433
400-416
384-399
367-383
350-366
334-349
317-333
300-316
< 300
Course Grade
A
AB+
B
BC+
C
CD+
D
DF
Note: If the class average is below a C, then scores will be shifted
upward to ensure a minimum of C average for the course.
IMPORTANT DATES:
February 9:
February 23:
March 9:
March 16:
March 23:
April 13:
April 27:
May 11:
May 18:
Quiz 1
Quiz 2
Quiz 3
Exam 1
Spring Break (No Class)
Quiz 4
Quiz 5
Quiz 6
Exam 2
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.
II.
III.
IV.
V.
VI.
VII.
Introduction (Chapter 1)
Fundamental Premise of Economics
Math Refresher
Demand and Supply (Chapters 2 and 3)
Demand
Supply
Market Equilibrium
Comparative Statics
Elasticity
Theory of the Consumer (Chapters 4 and 5)
Cardinal vs. Ordinal Approach
Derivation of Demand
Theory of the Firm (Chapters 6 and 7)
Short Run vs. Long Run Production
Short Run vs. Long Run Cost
Profit Maximization
Structure, Conduct, Performance (Chapters 8, 9, 11 - 14)
Perfect Competition
Pure Monopoly
Market Welfare
Alternative Pricing Strategies
Monopolistic Competition
Oligopoly
Game Theory
Input Markets (Chapters 15 and 16)
More Stuff? (Chapters 17 and 18)
Risk and Uncertainty
Externalities