KING FAHD UNIVERSITY OF PETROLEUM & MINERALS
COLLEGE OF INDUSTRIAL MANAGEMENT
DEPARTMENT OF FINANCE & ECONOMICS
SECOND SEMESTER: 2007-2008 (072)
COURSE SYLLABUS
Instructor
Course
:
:
B24/236A
Office
:
Office Hours
appointment
Textbook :
Email
:
Dr. Mubarak Al-Ghamdi
Econ 101.01 (SMW), 11:00-11:50 AM, B24/236A
Econ 101.03 (SMW), 09:00-09:50 AM,
B24/209, Phone 2450
:
7:30-8:30 AM, and :10:00-10:40 AM (SMW), and by
ECONOMICS, by Lipsey, et al, 12th Ed., 1999
Study Guide, by Menz & Mutti, 12th Ed., 1999
mobarak@kfupm.edu.sa
Internet Assignments:
[see p. 3 of this syllabus].
Course Description: Econ 101 is concerned with the workings of
Microeconomics. It defines the economic problem and explains why it exists in
each and every society. Further, it analyzes the role of each economic agent or
decision maker - - namely, the economic roles played by the households, firms,
and government agencies – and their effects on economic activities in the market
system.
Course Objectives: The course attempts to give students good background in
the behavior of the price system in terms of the analysis of demand, supply, price
determination, elasticity, consumer behavior, production and costs in different
market structures, as well as pricing of factors of production, and knowledge of
public goods and externalities.
Week
1st 16-20 Feb 08
2nd 23-27 Feb 08
science
3rd 01-05 Mar 08
4th 08-12 Mar 08
5th 15-17 Mar 08
6th 22-26 Mar 08
7th 29Mar-02Apr 08
Chapter
Topic
Chap. 1
Chap. 2
The Economic Problem
Economics as a Social
Chap. 3
Chap. 4
Chap. 5
The Anatomy of Market Economy
Demand, Supply, and Price
Elasticity
First Major Exam, Saturday, 22 March 2008
covers Chapters 1-5
OAB (Aud.): 7:30 – 9:30 PM
Chap. 6
Demand and Supply in Action
Chap. 7
Consumer Behavior
8th 05-09 Apr 08
Run
Chap. 8
Production and Cost in the Short
1) 12-16 April (Sat – Wed): Midterm Vacation
2) Classes resume on Saturday, April 19, 2008
9th 19-23 Apr 08
Run
10th 26-30 Apr 08
Chap. 9
Production and Cost in the Long
Chap. 10
Competitive Markets
Second Major Exam: Sunday, 4 May 2008
Covers chapters 6-10
OAB (Aud.) – 6:30 – 8:30 PM
11th 03-07 May 08
12th 10-14 May 08
Competition
13th 17-21 May 08
Policy
14th 24-28 May 08
15th 31May-04June 08
Chap. 11
Chap. 12
Monopoly
Imperfect
Chap. 13
Economic Efficiency and Public
Chap. 14
Chap. 15
Inside the Firm
Factor Pricing and Factor Mobility
Final Exams: 07 – 18 June 2008
Covers Chapters 11-15
Grading System:
1. First Major Exam
2. Second Major Exam
3. Final Exam
4. Total Quizzes (the best 5)
5. Total
Homework
25%
25%
25%
15%
10%
100%
Special Note: 1) Baseball hats are ABSOLUTELY not allowed to be worn in
class!
2) Mobiles (Jawals) must be turned off during class & Exam times!
3) Last day for major exams; last day for withdrawal from all
courses
with grade of "WP/WF" thru the University Registrar Office,[
May 27, 2008].
Important Rules
1.
Major exams have equal weight.
2.
No make-up examinations or quizzes.
3.
Attending is compulsory. Nine (9) unexcused absences will lead to "DN”.
Three late
attendances (tardiness) will be considered as an absence. So, please be
on time!
4. Important Note: For each unexcused absence, ONE POINT will be
deducted from the OVERALL COURSE GRADE. For example, 8 unexcused
absences = 8 points to be deducted from the OVERALL grade. So, if a student
got 70 points OVERALL which is a "C" grade, then the final course grade would
be 62 points which is, unfortunately, a "D" grade!!
AACSB Perspectives:
The AACSB expects business curricula to incorporate a variety of perspectives
on critical issues such as (1) ethical and global issues, (2) the influence of
political, social, legal and regulatory, environmental and technological issues,
and (3) the impact of demographic diversity on organizations. The
pervasiveness of these critical issues in economics is well-known at both levels,
microeconomics as well as macroeconomics. Needless to say, almost every
chapter in an economics textbook talks about the above-mentioned critical issues
in one form or another.
Computer Usage:
Students of Econ 101 (Microeconomics) are required to take advantage of the
Internet services shown in the following sites. These economic services are free
and considered to be applications of economic theories, as well as many self-test
quizzes on each chapter to help students understand economic implications and
prepare for major exams. The websites are:
www.awl.com
www.econ100.com
www.mhhe.com/economics/frankbernanke
www.mhhe.com/economics/colander5
www.mcgraw-hill.co.uk/textbooks/begg- - - - - click on
Economics, 8/e then
click on "Student
Centre"
Communications Skills:
Student oral communication skills are developed through class participation in
discussion of the subject matter, in questions-and-answers sessions,
explanations and clarifications of some issues under discussions, etc. Written
communication skills are developed and enhanced through taking quizzes,
exams, writing short essays and definitions of related economic terminologies
and their economic implications.
Note: This class requires three tools: strong English language, use of graphs,
and elementary
math.
Assignments on the Internet: Students are required (and held responsible) to go to this Website:
www.awl.com, and study the “Multiple Choice Quizzes” which deal with the major topics in each
chapter we have covered. Other Websites are shown above. They can be used as additional
sources to enrich students’ economics background and help prepare them for exams and
quizzes.