Course # and Title:
York University
Faculty of Liberal Arts & Professional Studies
Department of Economics
SUMMER 2014
S2
AP/ECON1000 3.00C, Introduction to Microeconomics
Course Webpage: Moodle
Course Instructor/Contact:
Instructor:
Office:
Phone:
Email:
David K. Lee, Ph. D.
738 Atkinson College
416-736-2100 Ext. 33486 dlee@econ.yorku.ca
Office Hours: Mon/Wed 2:00pm-2:45pm.
Lecture Time and Location:
Lecture:
TA:
Mon/Wed 3:00 pm-6:00 pm, ACW 206
TBA
TA Office Hours: TBA
Prerequisite / Co-Requisite:
Course credit exclusions: GL/ECON 2500 3.00, SB/INTL 1200 3.00. Note: Acceptable course substitutes are available in the Calendar.
PRIOR TO FALL 2009: Course credit exclusions: AK/AS/ECON 1000 3.00, AK/ECON 2410
3.00 (prior to Summer 1995), GL/ECON 2500 3.00, SB/INTL 1200 3.00.
Course Description:
This course introduces the principles and methods of economics with emphasis on microeconomic theory. Topics include general and basic concepts of demand and supply, utility analysis and demand, production and costs, pricing in competitive and monopolistic markets, and government regulation.
Note: Successful completion of this course, together with AP/ECON 1010 3.00, is required for all students who intend to pursue additional courses in economics at the 2000, 3000, and 4000 level and in order to pursue degree studies in economics, business economics, and financial and business economics.
Weighting of Course:
Evaluation *
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The grade for this course is composed of the mark received for each of the following components:
Type of Assessment Group/Individual
Midterm Exam Individual
Final Exam Individual
Final Grade = Max {Midterm*0.4+Final*0.6, Final}
Percent/Weight
40
60
Date
July 14
TBA
More detailed information is available on the course web site about each of the assessments. Students will receive the results of their first exam/term work before the final deadline for dropping courses without academic penalty.
The Midterm Exam will cover Session 1 to 5 materials. The Final Exam will cover the entire semester.
Please note that I strongly believe that the best learning experiences occur when there are healthy attendance and discussions in the classroom. Therefore, I have a policy to give some bonus points based on class attendance and participation (usually maximum of
5%) in order to encourage atten- dance and classroom discussion. Feel free to ask any questions or simply make comments on relevant topics at any time.
The following conversions will be used in converting percentage grades to letter grades:
90-100 (A+), 80-89 (A), 75-79 (B+), 70-74 (B), 65-69 (C+), 60-64 (C), 55-59 (D+), 50-54
(D),40-49 (E), 0-39 (F).
Practice problems will be posted in the course web site throughout the semester. Some of them may be solved in class. These problems will not be graded, however, I encourage you to work through them. It will help you understanding the course material and consequently, increase the probability that you will do well in the course. Practice may not always make perfect, but it ’s a good start.
Missed exams/Tests:
There will be no make-ups for the midterm exam .
The deferred exam for the final exam will be granted for medical reasons or for nonmedical reasons. MEDICAL CIRCUMSTANCES:
Exams missed due to medical circumstances must be supported by an Attending
Physician ’s
Statement downloadable from the York University ’s registrar site (see the attached copy).
The physician ’s statement must include the following information: i) Full name, mailing address, telephone number of the physician. ii) State the nature of the illness and its duration (i.e., specific dates covered). iii) An indication of whether the illness and/or medication prescribed would have
SERIOUSLY affected the student ’s ability to study and perform over the period in question.
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NOTE: the physicia n’s office may be contacted to verify that the statement was actually completed by the physician.
NON-MEDICAL CIRCUMSTANCES:
Exams missed due to non-medical circumstances must be supported by appropriate documentation, i.e. death certificates, obituary notice, automobile accident reports, airline/bus ticket receipt for emergency travel (with the date of booking on the ticket), etc.
Airline/train/bus ticket/receipts for emergency travel must indicate destination, departure, and return dates. Having to work at the time of the exam or non-emergency travels are not considered valid excuses for missing the exam.
If the course director does not agree to consider requests for deferred standing students then may file a petition with the relevant Faculty-level committee for consideration within the established deadline.
Students who may require further extensions or accommodation will have to submit a formal petition to the Faculty ’.
Course Text / Readings
Parkin and Bade, Microeconomics: Canada in the Global Environment , 8th Edition.
There are supplementary materials that are not in the textbook. These supplementary materials will be discussed in class and the class notes might be posted on the course website.
Optional Course Materials
MyEconlab by Pearson 2012
Study Guide accompanying the required text book by Parkin and Bade.
Lecture Schedule
Session Topic
01
June 23
02
June 25
03
June 30
04 (Note: July 1:
Canada
Day)
July 4
July 7
06
July 9
07
July 14
Chapters 1 and 2: Introduction and Economic Problems:
Chapter 3: Demand and Supply
Chapter 4: Elasticity
Chapters 5 and 6: Efficiency and Equity and Government and
Markets
Chapters 8 and 9: Individual Choices
Chapters 10 and 11: Production and Costs
Midterm Exam: Sessions 1 to 5 Covered
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08
July 16
09
July 21
10
July 23
11
July 28
12
July 30
Chapter 12: Perfect Competition
Chapters 13 and 14: Monopoly and Monopolistic Competition
Chapter 15: Oligopoly
Chapter 18: Markets for Factors
Review
Final Exam (Covered the entire material, Wednesday, August 6 to Monday, August
18)
New Information and Changes:
The schedule is subject to change –sometimes there are unexpected absences or we bog down on an issue. Check your class notes, or contact me for up-dated work schedules.
It may be very possible to make some adjustments of lectures and/or exams schedules.
Students may also have handouts for the topics discussed in the class. It is student s’ responsibility to be aware of any policy (or schedule change), or to collect handouts from classes. If you miss classes, contact the instructor before or immediate after, and check if there is any policy change or handout distributed.
There is no excuse for not knowing course policies or schedule changes, or for not having handouts.
Additional Information / Notes:
Important Course Information for Students:
All students are expected to familiarize themselves with the following information, available on the Senate Committee on
Curriculum & Academic Standards webpage (see Reports, Initiatives, Documents)
- http://www.yorku.ca/secretariat/senate_cte_main_pages/ccas.htm
York
’s Academic Honesty Policy and Procedures/Academic Integrity Website
Ethics Review Process for research involving human participants
Course requirement accommodation for students with disabilities, including physical, medical, systemic, learning and psychiatric disabilities
Student Conduct Standards
Religious Observance Accommodation
IMPORTANT COURSE INFORMATION
The Senate Academic Standards, Curriculum and Pedagogy (ASCP) provides a Student
Information Sheet that includes:
York's Academic Honesty Policy and Procedures / Academic Integrity Web site
Access/Disability
Ethics Review Process for Research Involving Human Participants
Religious Observance Accommodation
Student Code of Conduct
Additional information:
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Academic Accommodation for Students with Disabilities
Alternate Exam and Test Scheduling
Grading Scheme and Feedback Policy
The Senate Grading Scheme and Feedback Policy stipulates that (a) the grading scheme (i.e. kinds and weights of assignments, essays, exams, etc.) be announced, and be available in writing, within the first two weeks of class, and that, (b) under normal circumstances, graded feedback worth at least 15% of the final grade for
Fall, Winter or Summer Term, and 30% for ‘full year’ courses offered in the
Fall/Winter Term be received by students in all courses prior to the final withdrawal date from a course without receiving a grade.
Important University Sessional Dates ( you will find classes and exams start/end dates, reading/co -curricular week, add/drop deadlines, holidays, University closings and more. http://www.registrar.yorku.ca/importantdates/index.htm
"20% Rule"
No examinations or tests collectively worth more than 20% of the final grade in a course will be given during the final
14 calendar days of classes in a term. The exceptions to the rule are classes which regularly meet Friday evenings or on Saturday and/or Sunday at any time, and courses offered in the compressed summer terms.
Final course grades may be adjusted to conform to Program or Faculty grades distribution profiles.
Services for Mature and Part-time Students
The Atkinson Centre for Mature and Part-time Students (ACMAPS) maintains and strengthens York University ’s ongoing commitment to welcome and to serve the needs of mature and part-time students. For further information and assistance visit: http://www.yorku.ca/acmaps
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