Preliminary syllabus, subject to change without notice.

Class Times

The class meets Tuesday and Thursday from 2:00pm to 3:15pm in GL-132.

Textbook

If you have a copy of the 1st edition, you may use that instead.

Office Hours and Contact Info

Office Hours

If you have questions, you may ask immediately after class, or come to my office. Finals week office hours are 11am-noon and 1:00-4:45pm on Tuesday. I will be happy to make an appointment for another time if that is more convenient. My office is DM-311A, my phone number is 305-348-3287, and my email is <boydj@fiu.edu>.

TA Information

The TA is Nelson Sotomayor. He is available in the Economics Tutoring Center (VH-136) on Tuesdays from 9am-10:30am and 1pm-3pm, and on Thursdays from 9am-10:30a. His email is <nsoto018@fiu.edu>.

Grades

Your grade will be based on biweekly quizzes and a final exam. There is no midterm.

Quizzes

Six short quizzes will be given during the last 30 minutes of class. They will be given on Thursday, beginning on Sept. 6. In other words, the quizzes will be on Sept. 6, Sept. 20, Oct. 4, Oct. 18, Nov. 1, and Nov. 15. The quizzes will be over the material covered in the previous two class weeks. Your lowest quiz score will dropped, and your total quiz grade will be based on your top 5 quiz scores. Your quiz letter grade will count for 70% of your grade.

Quiz and Exam Results

Updated: Dec. 6, 2018 Click here for all grades.

Quiz Answers

Links to quiz answers will be posted below.

  1. Quiz #1
  2. Quiz #2
  3. Quiz #3
  4. Quiz #4
  5. Quiz #5
  6. Quiz #6

Final Exam

The final will be in our regular classroom (GL-132) at the officially scheduled time: 12 noon--2 pm on Thursday, December 6. It will be comprehensive. The final counts for 30% of your grade.

The final will consist of approximately 30-35 multiple choice questions. If I have given you short answer problems in the quizzes, it may also include 1 or 2 short answer problems.

Calculating Your Final Grade

I average your letter grades for the quizzes and final using weights of 70% and 30%. To do this, I convert letter grades to numbers using a 12-point scale. Thus A+ = 12, A = 11, A-=10, etc., with F = 0. For example, if you got a B (=8) on the quizzes and an A (=11) on the final, your average is .7*8 + .3*11 = 8.9. This rounds to 9, which is a B+.

As of Fall 2016, the official FIU grading scale does not include A+, C-, D+, or D- as course grades. Those will be rounded down to obtain the official course grade.

Course Outline and Schedule

This course covers microeconomics: supply and demand, consumer choice, cost and production, competitive and non-competitive markets, and basic game theory.

Detailed Outline (updated 11/27/18)

Tentative Schedule

The plan is to cover about a chapter per week. As we proceed through the course, the dates and list of chapters covered will be updated to show what we actually did. You will get more from the course if you start reading the chapters by the time we start them.

Quiz days are denoted by an asterisk (*).

Aug. 21: Chapter 1: Adventures in Microeconomics
Aug. 21, 23, 28: Chapter 2: Supply and Demand
Aug. 30, Sept. 4, 6*: Chapter 3: Using Supply and Demand to Analyze Markets I
Sept. 11, 13, 18: Chapter 4: Consumer Behavior
Sept. 20*, 25, 27: Chapter 5: Individual and Market Demand
Sept. 27, Oct. 2, 4*: Chapter 6: Producer Behavior
Oct. 9, 11, 16: Chapter 7: Costs
Oct. 18*, 23, 25: Chapter 8: Supply in a Competitive Market
Oct. 25, 30, Nov. 1*: Chapter 9: Market Power and Monopoly
Nov 6, 8: Chapter 10: Pricing Strategies...
Nov. 8, 13, 15*, 20 Chapter 11: Imperfect Competition
Nov. 20: Chapter 12: Game Theory I
Nov. 22 No Class! Thanksgiving Break
Nov. 27, 29: Chapter 12: Game Theory II
Dec. 6: Final Exam: 12 noon--2pm in our regular classroom (GL-132)

Policies

Missed Quizzes and Exams

Since your grade is based on the top 5 quizzes, you are allowed to miss one quiz without penalty. If you miss a second quiz, you should contact me as soon as possible to arrange a makeup. Missing three or more quizzes or the final will mean an automatic F in the course.

Incompletes

We strictly follow university policy on incompletes. This means that incompletes will only be considered when an emergency prevents you from attending the final exam.

Academic Honesty

While you may use a calculator on quizzes and exams, any other use of computers, notes, books, or advice from others during quizzes or exams is considered cheating and will be dealt with accordingly. See the university policy on Academic Misconduct (scroll down to sec. 2.44) for more details.

Important Dates

Aug. 20
Classes begin
Aug. 27
Last day to drop with full refund
Sept. 3
Labor Day Holiday (does not affect us)
Sept. 14
Last day to drop with 25% refund
Sept. 14
Last day to apply for Fall Graduation
Oct. 29
Last day to drop with DR
Nov. 12
Veteran's Day Holiday (does not affect us)
Nov. 22-24
Thanksgiving Break (no class)
Dec. 1
Last day of regular classes
Dec. 3-8
Finals Week
Dec. 6
Intermediate Micro Final (12 noon-2pm)
Dec. 13
All grades available online