Hello, dear friend, you can consult us at any time if you have any questions, add WeChat: daixieit

PRINCIPLES OF MICROECONOMICS

ECONOMICS EC1021A-003

Course Objectives:

The goal of this course is to introduce you to the microeconomic principles that will enable you to understand and interpret events in the world around you. We will analyze the choices of consumers and producers, and how these choices influence market outcomes. We will explore how these decisions are affected by market conditions and government policies and interventions.

Course Learning Outcomes:

Upon successful completion of this course, students will be able to understand, explain, and analyze:

■ the economic way of thinking using the concepts of scarcity, choosing at the margin, tradeoffs, and incentives.

■ how prices and quantities are determined under perfect competition, imperfect competition and monopoly.

■ how consumers and producers react to changes in prices.

■ how consumers choose what to buy given budget limitations.

■ a producer’s costs and its profit maximization decision under perfect competition, imperfect competition, and monopoly.

■ the impact of government intervention in markets.

Textbook and Course Materials:

Textbook (also available as an eText): MICROECONOMICS Canada in the Global Environment, Tenth Edition, by Michael Parkin and Robin Bade

MyEconLab: (Required for assessments)

● Website: www.pearsonmylabandmastering.com

● Course ID: aquino31765

● Access code can be purchased with new textbook, with eText access, or separately.

● Students must register for MyLab using their UWO email address and student number. (Registration instructions are available on OWL.)

Technical Requirements:

● Laptop or computer

● Stable internet connection

● Microphone required for students who would like to attend online office hours

● Webcam required for students who require a make-up for the Final Exam

For technical support, see the OWL Help page or contact Western Technology Services Helpdesk (https://wts.uwo.ca/about-wts/contact.html). Google Chrome or Mozilla Firefox are the preferred browsers for OWL; update your browser frequently.

Communication:

● Students should check the course OWL site for newly posted course material at the start of each week (Monday, except in the case of a holiday)

● Students should check OWL announcements multiple times per week.

● Some important announcements will also be emailed to students’ UWO email accounts. Students are expected to check their UWO email daily.

● Students should post all course-related content questions on the OWL forum so that everyone can access answers to questions.

● Students are encouraged to answer each other’s questions on the forums. The forums will be monitored by the instructor or teaching assistant to correct and/or supplement answers provided by students. Questions not answered by other students will receive a response from the instructor or teaching assistant after about 48 hours.

● For questions unrelated to course content, please contact the instructor via email from your UWO email account. Students will receive a response in 24 – 48 hours.

Tentative Course Schedule:

Important: This course schedule is tentative and may change. The dates with which we cover each chapter may change. Refer to the course website for up-to-date scheduling changes.

Note: Since classes do not begin until September 8, there will not be a tutorial in the first week.

*Chapters 9, 14, and 17 will have some topics omitted. Details on coverage of those chapters will be provided on the course website. All other chapters above will be covered in their entirety, including relevant mathematical notes and appendices.

Assessments and Grading:

All regularly scheduled assessments in this course will be held online on MyEconLab. Instructions on how to access MyEconLab are found on the course website under Resources. The tentative date, coverage and weight of the assessments in the calculation of your course mark are as follows:

During assessments, students are forbidden to communicate with any person other than an examination proctor or the instructor. Students are permitted to use their textbooks. Students are not permitted to use their notes, study guides, diagrams, communication equipment such as a cell phone, computer programs or software, online resources or websites, or other aids unless specifically authorized by the instructor.

Tentative Quiz Details: Quizzes will be mixed format. Quizzes will be 45 minutes in duration and will be available 8:30-10:00PM Eastern Time on the date indicated in the table above. Quiz timing will be confirmed and additional format details will be provided one week prior to each quiz date.

Students should keep this schedule and workload in mind given their other courses and commitments. Students should plan ahead to ensure that they have the capacity to complete the tests on these dates. Students should notify the instructor of conflicts with any of these test dates no later than September 26.

Tentative Final Exam Details: The Final Exam will be cumulative and will be mixed format. The Final Exam will be scheduled by the Registrar. Once the date and time of the Final Exam is available, it will be announced on OWL. Students with a Final Exam conflict must inform the instructor within one week of the announcement of the Final Exam date.

Policy Regarding Missed Assessments:

Students with an approved absence from a quiz during the term will have the weight of the missed quiz reallocated to the Final Exam. Students who miss more than two quizzes are likely not to have met the course learning outcomes and may not be permitted to pass the course, regardless of grades received on the previous or remaining assessments. They should contact the instructor for additional steps.

Students with an approved absence from the Final Exam will be required to write a make-up exam. The make-up Final Exam may differ in length and format from the regularly scheduled Final Exam and may or may not be held on MyLab. The make-up Final Exam will be proctored using Zoom.

Students who miss any assessments must follow Western University’s procedures for approval of their absence in order to receive an accommodation. Please see pp. 7-8 of this syllabus for details on these procedures. If Western University announces any procedures for the approval of absences during Fall 2021 that supplement or supplant the information provided on this syllabus, please follow those procedures. Any assessments missed without approval will receive a mark of zero.

How to do well in this course:

1. Start each week by reading the assigned textbook chapter(s). Then read the course notes provided for you. The course notes are a synopsis of the chapter. They do not contain all of the material that you need to know! You must read the textbook.

2. Work as many problems as you need to do to feel comfortable with the material. There are problems on MyLab, at the end of the chapter in the textbook, and on the course website. There is no lack of problems to work on! Economics requires active learning. Passively reading the textbook rarely results in a passing grade.

3. Do not be afraid to ask questions. If you have questions or are struggling with a topic, post them on the Forum. Your classmates will be happy to discuss your question with you, and the teaching assistant and I will check the Forum to make sure that no one will lead you astray.

4. Make it a daily habit to log onto OWL to ensure you have seen everything posted to help you succeed in this class.

5. Connect with others. Try forming an online study group and meet on a weekly basis for study and peer support.