| Spring 2008 | Dr. Walter E. Williams |
| Enterprise Hall-274 | Office: Enterprise Hall, Rm. 333 |
| Tuesdays & Thursdays 7:30am - 8:45am | Office Hours: Tu. 9-11; Wed. 9-11 |
| and by appointment (703-993-1148) |
COURSE OUTLINE
Text: Edgar K. Browning and Mark A. Zupan: Microeconomics: Price Theory and Applications John Wiley & Sons, Inc. 9th edition, 2006)
Optional Text: Study Guide to Accompany Microeconomics: Price Theory and Applications
The following represents both an approximation of our schedule and the minimum reading requirements for the semester. There will be two or three problem sets, a mid-term and final examination. In addition there will be periodic unannounced quizzes consisting of true/false and multiple choice questions. Therefore, for each class you should bring a No. 2 pencil and a Scantron.
Your final grade will be based upon performance on problem sets (15%), midterm examination (30%), final examination (45%), and unannounced quizzes (10%).
| Jan. 22 | Introduction Supply & Demand Reading Assignment: Chapter 1 |
| Jan. 29 | Supply & Demand Reading Assignment: Chapter 2 and Re-read Chapter 1 |
| Feb. 5 | Supply & Demand Reading Assignment: Re-read Chapter 2 and begin Chapter 3 |
| Feb. 12 | Consumer Choice Reading Assignment: Chapter 3 |
| Feb. 19 | Consumer Choice Re-read Chapter 3 and begin Chapter 4 |
| Feb 26 | Consumer Behavior (Applications) Reading Assignment: Chapter 5 |
| Mar. 4 | Mid-term (Tentative) |
| Mar. 10-16 | Spring Break |
| Mar. 18 | Production Reading Assignment: Chapter 7 |
| Mar. 25 | Production & Costs Reading Assignment: Chapter8 |
| Apr. 1 | Pure Competition Reading Assignment: Chapter 9 & 10 |
| Apr. 8 | Monopoly Reading Assignment: Chapters 11 & 12 |
| Apr. 15 | Oligopoly & Monopolistic Competition Reading Assignment: Chapter 13 & 15 |
| Apr. 22 | Labor Markets Reading Assignment: Chapter 16 |
| April 29 | Intertemporal Choice Reading Assignment: Chapter 17 |
| May 6 | Reading Day OR Class |
| May 8 | Final Examination (7:30 a.m., NO EXCEPTIONS) |
References
William Baumol, Economic Theory and Operations Analysis, 4th ed. (Englewood Cliffs, New Jersey, 1977).
This text will prove valuable in teaching the student the elementary mathematics necessary for the problem sets that will be required this semester. Particularly valuable are chapters 2, 3, and 4.