ECO-2023 Principles of Microeconomics ECO 2023-B51/B53/B55 Prof. Nick Bergan Florida International University Fall Term 8/21 12/15 Instructor Contact Information Name: Nick Bergan Email Address: Nicholas.bergan@fiu.edu or bergann@palmbeachstate.edu (email me at this address for the quickest response. Will respond within 8 hours, if not, submit it again) Office Hours: 1-2pm outside of the classroom or by appointment Text MICROECONOMICS REQUIRED PACKAGE By HUBBARD EDITION: 5/6TH PUBLISHER: PEARSON ISBN: 9780132962049 Course Description This course provides an introduction to the theory and practice of contemporary microeconomics. The course will begin with a discussion on how agents deal with the fundamental problem of scarcity. The discussion will then turn to the basic concepts and tools used in microeconomic analysis. Prerequisites High school algebra and geometry. Cheating, plagiarism, and other forms of academic misconduct Students should become aware of FIU s definitions of and policies toward academic misconduct. The University s policies may be found on the FIU web-site at: Academic Misconduct and Code of Academic Integrity. If you have your cell phone out and visible, you will receive a 0 on any assessment. There is no exception to this rule! "For all FIU students admitted to the College of Business for the Fall 2016 and later terms, the GPA earned for the seven Common Prerequisite Course credit hours must be 2.5 or higher. Additionally, students must earn a C in each of the seven lower-division Common Prerequisite Courses. Each of these courses cannot be attempted more than twice. Drops after the add/drop period, which result in a DR grade, are considered an attempt in the course and count as an unsuccessful enrollment." Common Prerequisite Courses include: 1. ACG 2021, Accounting for Decisions 2. ACG 3301, Accounting for Planning and Control
3. CGS 2100, Microcomputer Applications for Business 4. ECO 2013, Principles of Macroeconomics 5. ECO 2023, Principles of Microeconomics 6. MAC 2023, Calculus for Business 7. STA 2023, Statistics for Business and Economics Chapters Breakdown Chapter 1: Economics: Foundations and Models Chapter 2: Trade-offs, Comparative Advantage, and the Market System Chapter 3: Where Prices Come From: The Interaction of Demand and Supply Chapter 4: Economic Efficiency, Government Price Setting, and Taxes Chapter 5: Externalities, Environmental Policy, and Public Goods Chapter 6: Elasticity: The Responsiveness of Demand and Grading Breakdown Supply Chapter 7: The Economics of Health Care Chapter 8: Firms, the Stock Market, and Corporate Governance Chapter 9: Comparative Advantage and the Gains from International Trade Chapter 10: Consumer Choice and Behavioral Economics Chapter 11: Technology, Production, and Costs Chapter 12: Firms in Perfectly Competitive Markets Chapter 13: Monopolistic Competition: The Competitive Model in a More Realistic Setting Chapter 14: Oligopoly: Firms in Less Competitive Markets Chapter 15: Monopoly and Antitrust Policy Chapter 16: Pricing Strategy Chapter 17: The Markets for Labor and Other Factors of Production Chapter 18: Public Choice, Taxes, and the Distribution of Income Assignments 9 at 100 points 900 points Final Exam TOTALS 100 points 1000 points Grading Scale (A) 930-1000 pts (C) 700-769 pts (A-) 900-929 pts (D) 600-699 pts (B+) 870-899 pts (F) 0-599 pts
(B) (B-) (C+) 830-869 pts 800-829 pts 770-799 pts Late Assignments No late work is accepted for any reason in the course. All exams and assignments must be completed on time and correctly as no make-ups or re-dos are allowed. You need to plan according to the schedule and prepare in advance to ensure you meet the requirements. No students will be given a different policy in terms of the late policy as no make-up exam or assignment will be accepted for any reason. No LATE work will be accepted for any reason. Since I have given you the information for all the assignments and tests, it is your responsibility to complete them and turn them in on the respective due date. Make sure you are fully aware of the course calendar because that will show you exact due dates for all respective assignments, tests, and quizzes. If you have any questions, please feel free to e-mail me concerning any of these due dates but leave ample time so that you are able to complete them. If you do not turn in the assignment on the respective due date by the instructor then it will result in a 0 for the assignment. I am very strict on this policy and there will be no exceptions to this rule. All assignment must be turned in at the discretion of the calendar because that is your contract with me stating that you understand when everything in the course is due. Make sure you check the online calendar each day to keep up with all assignment posting because you are required to complete all assignments, tests, quizzes on the respective time. Make sure you leave enough time to finish all assessments before the time period because I will not give extension to people that start to close to the closing of any assignment, test, and quiz time frame. No excuses will be made for any assignments. If you miss an assessment, you will receive a "0", which can severely affect your grade and your performance in the class. No exceptions to this rule, so make sure to take your assessment on a secure internet connection. Technical difficulties do not excuse late or incomplete work. Make sure you have a backup computer (library?) should your system fail. ASSUME TECHINCAL DIFFICULTIES WILL OCCUR DO NOT WAIT UNTIL THE LAST MINUTE TO COMPLETE ASSIGNMENTS! When you take your quiz, you have to complete it within the time period of when you started it. So, if you have 60 minutes to take a quiz and you start it at 5:30pm, you will have to end it on the same day by 6pm. You can leave and start it during that time period, but the clock will keep moving. Also, you only get TWO attempts on the quiz, so when you start it, you have to end it at that point. Assignments/Final Exam: All assignments and final exam will be multiple-choice questions. Each quiz will be 25 multiple-choice questions, of which, you will have 60 minutes to complete it. All assignments must be completed by deadline listed below or you will receive a 0. You will get two attempts and you will get the highest score out of your two attempts. No technological related excuses are accepted in the course for any reason, it is your responsibility to make sure that you complete all your work on time to get full points. The final exam will consist of 50 multiple-choice questions, of which you will have 120 minutes to complete it. It is your responsibility to complete your final exam by the due date listed below. Please note that there are different dates/times for work when it is due, so make note of it. All assignments are due by the end of class time on the date listed on the course schedule. If you experience any technical issue or your score does not appear, you FIRST have to contact the help desk at 305.348.2284 if it is AFTER the due date.
Course Schedule 8/21: Overview 8/23: Overview, Chp 1 8/28: Chp 2 8/30: Practice Quiz #1 9/4: HOLIDAY. NO CLASS 9/6: Practice Quiz #2 9/11: Chp 3 9/13: ASSIGNMENT #1(Chps 1-3) 9/18: Chp 4 9/20: ASSIGNMENT #2(chps 3(graphs)-4) 9/25: Chp 5-6 9/27: ASSIGNMENT #3(Chps 5-6) 10/2: Chp 9 10/4: ASSIGNMENT #4(chps 9) 10/9: Chp 10-11 10/11: ASSIGNMENT #4(chps 9) 10/16: Chp 12 10/18: ASSIGNMENT #5(chps 10-12) 10/23: Chp 13 10/25: Extra Credit Assignment 10/30: Chps 14 11/1: ASSIGNMENT #6(chps 13-14) 11/6: Chp 15-16 11/8: ASSIGNMENT #7(chps 15-16) 11/13: Chp 17 11/15: Chp 18 11/20: ASSIGNMENT #8(graphs)
11/22: ASSIGNMENT #9(chps 17-18) 11/27: Chp 20 11/29: NO CLASS. HOLIDAY 12/4: Chp 21 12/6: Review 12/11: Final Exam