DOUGLAS COLLEGE
COMMERCE AND BUSINESS ADMINISTRATION
COURSE INFORMATION AND SCHEDULE
ECON 1150 PRINCIPLES OF MICROECONOMICS
Instructor: Allan Matadeen
Office location: Room N4333B
Telephone: 604 527 5972
Office hours: T 16:00 – 17:30
W, R 12:30 – 13:00
Or by appointment
Section: 005
Course location: N4310
Course time: W 09:30 – 12:20
Semester: 2023-2
Email: matadeena@douglascollege.ca
Page 1 of 4
COURSE MATERIALS REQUIRED
Text: Ragan, Christopher, Microeconomics, 17th Canadian edition with Myeconlab, hard
copy or e-text, Pearson Canada, 2023.
CALENDAR COURSE DESCRIPTION
This course will provide the student with the principle elements of theory concerning the
functioning of the price system, utility theory and consumer behaviour, production and
costs, market structure, factor pricing and government microeconomic policy.
COURSE OBJECTIVES
The student will be able to:
1.
apply the economic concepts of supply and demand to the process of price determination
in both perfect and imperfect markets.
2.
explain household market behaviour and the derivation of an industry demand curve.
3.
evaluate the price and output implications of profit maximizing (loss minimizing)
behaviour of firms under different demand, cost and market structure conditions, including
the derivation of an industry supply curve.
4.
demonstrate the reasons for, and economic consequences of, various forms of government
intervention in different markets.
TRANSFER INFORMATION
ECON 1150 Page 2 of 4
Please refer to http://bccat.bc.ca for course transfer information.
COURSE EVALUATION
Attendance is a course requirement. See UN grade in Departmental Grading Chart on
page 4.
Mid-term
Quizzes and Assignments
Final examination
30%
30 %
40 %
100 %
Please refer to the attached "Departmental Grading Chart" which converts your final
course percentage mark to a letter grade and grade points.
Please refer to www.douglas.bc.ca/calhtm/geninfo/ggrading.htm
information on transcript grades and the grading system.
for
additional
REGULATIONS FOR STUDENTS
Attendance and Participation: Students are expected to prepare for, attend and actively
participate in all class sessions and exercises, to sit the required tests and examinations,
and to submit written assignments as and when required.
Students are expected to behave appropriately; while in class please turn off (or do not
bring) your cell phone and/or pager. Cells and pagers going off in the middle of the class
are disruptive and exhibit a lack of consideration for your fellow students.
Class Cancellation: In the event that a class is cancelled due to instructor illness or other
unforeseen circumstance, a notification will be made by email through myDouglas or
Blackboard to every student enrolled in the course. It is the responsibility of students to be
proactive and to check their announcements and/or e-mail before coming to class. Every
effort will be made to ensure that the notification is made as soon as possible.
Plagiarism and Cheating: Douglas College in common with other educational
institutions, condemns cheating or attempted cheating within its community. Reprimands
and appeals will be exercised according to official college policy.
Please read the Academic Integrity Policy available at:
https://www.douglascollege.ca/~/media/27C599ABC76048A0A713648565906273.ashx
Missed tests or examinations: Tests and examinations will be offered only during the
scheduled date and time of sitting. Exceptions may be considered in cases of extraordinary
circumstances. It is the responsibility of the student to inform the College and the instructor
at the earliest reasonable opportunity. A final course grade will then be calculated
exclusive of the test or examination in question.
COURSE CONTENT
ECON 1150 Page 3 of 4
TENTATIVE SCHEDULE
TOPIC
CHAPTER #
Economic Issues and Concepts
1
How Economists work
2
The Market Forces of Supply and Demand
3
Elasticity
4
Markets in action
5
Consumer Behaviour
6
Mid Term Exam
Producers in the Short Run
Producers in the Long Run
Competitive Markets
7
8
9
Monopoly
10
Imperfect Competition and Strategic Behaviour
11
How Factor Markets work
13
Market Failures and Government Intervention
16
CHANGES:
The course information sheet and schedule is subject to change (consistent with college policy) with notice to the students.
ECON 1150 Page 4 of 4
DEPARTMENTAL GRADING CHART
GRADE
GRADE POINTS
ACHIEVEMENT LEVEL
A+
4.33
A
4.00
90% to 94%
A-
3.67
85% to 89%
B+
3.33
80% to 84%
B
3.00
75% to 79%
B-
2.67
70% to 74%
C+
2.33
65% to 69%
C
2.00
60% to 641%
C-
1.67
55% to 59%
P
1.00
50% to 54%
DESCRIPTION
95% and above
Outstanding Achievement
Good Achievement
Satisfactory Achievement
Marginal Achievement
Note: This grade does not permit students to
pursue another course for which the graded
course was a pre-requisite.
F
0.00
49% and below
UN
0.00
Did not write final exam or
complete course requirements
Unsatisfactory Achievement
Unofficial Withdrawal.
Student completed less than 70% of the total
evaluation of the course, or missed more than
30% of the classes.
NCG
Not Calculated
No Credit Granted.
AUD
Not Calculated
Audit. Student attended.
Auditors are not evaluated.
I
Not Calculated
Incomplete. Course requirements to be
completed within specific time period by
arrangement with the instructor and division.