ECON 201
Donald Perry
DPerry@sccd.ctc.edu
http://facweb.northseattle.edu/dperry/econ201/
Principles of Microeconomics
Required Text: Microeconomics, Michael A. Leeds, Peter von Allmen, Richard C. Schiming
Supplemental Readings: 1) Exchange and Production: Competition, Coordination, and Control, Alchian
and Allen; 2) Price Theory and Applications: Decisions, Markets, and Information: Hirshliefer, Glazer and
Hirshliefer
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Goals:
1. Understand basic microeconomic theory, concepts, tools and vocabulary
2. Be able to apply these tools to critically analyze current issues
Grading:
Your grade will be based on three 1-hour quizzes and a final exam. The 3 quizzes comprise approximately
75% of your final grade. The final exam will account for 25% of your final.
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Three 1-hour quizzes: 75% of final grade
Final exam: 25% of final grade
The quizzes and final exam will consist of mostly multiple choice questions and a few short answer
questions. The multiple choice questions will be answered in pencil using SCANTRON cards that can be
purchased at the Bookstore or Cafeteria. You will be responsible for purchasing the SCANTRON card
prior to the quiz or exam.
Syllabus:
The readings for each week are listed below:
4/6/09
Ch.1: Economics: The Science of Everyday Life
Appendix for Chapter 1: Graphing and Algebra Review
Ch. 2: Efficiency and Allocation in the Global Economy
Ch. 3: The American Economy in a Global Setting
Ch. 4: Introduction to Demand and Supply Framework
4/13/09
Ch. 4: Introduction to Demand and Supply Framework (cont’d)
Ch. 5: Elasticity
4/20/09
Ch. 6: Market Efficiency and Government Intervention
Ch. 7: Consumer Behavior
Appendix for Ch. 7: Indifference Curves and Deriving the Demand Curve
4/21/09
Quiz 1: Ch. 1-5
4/27/09
Ch. 8: Firm Production and Cost
Ch. 9: Perfect Competition
5/12/09
Quiz #2 Ch: 5-9
5/14/09
Ch. 10: Monopoly
5/18/09
Ch. 10: Monopoly (continued)
Ch. 11: Monopolistic Competition and Product Differentiation
5/25/09
Ch. 12: Oligopoly
Ch. 13: Antitrust, Regulation and Deregulation
6/2/09
Quiz 3 Ch: 10-13
6/4/09
Ch. 17: Market Failure, Public Goods and Externalities
Harris (AER)
6/9/09
Ch: 17/Harris (continued)
6/11/09
Ch. 14: Firms and Financial Markets
Ch. 15: Labor Markets
6/18/09
Final Exam 10:30-12:30 (Ch. 14, 15, 17/Harris)
The slides for the lectures and your quiz/exam and final grades will be available at
http://facweb.northseattle.edu/dperry/econ201/