Preliminary syllabus, subject to change without notice.

Class Times

The class meets on Tuesday and Thursday from 5:00pm to 6:15pm. At least initially, classes will meet virtually via Zoom, which may be accessed through Canvas. Course announcements will also be posted on Canvas.

Textbook

If you have a copy of an earlier edition, you may use that instead. The three editions are similar, but there are some changes.

Office Hours and Contact Info

Office Hours

Due to the continuing coronavirus hazard, I will not have regular office hours in the early part of the semester. I will be available via Zoom immediately after class. Just speak up once class ends if you have a question. Otherwise, you may contact me via email at <boydj@fiu.edu> or <John.Boyd@fiu.edu>. Emails sent through Canvas may get a delayed response due to an email issue.

I hope to have some in-person office hours after I have taken both doses of the coronavirus vaccine. I'm scheduled to do this on Feb. 5.

TA Information

The TA is Anderson Tami. His email is <atami003@fiu.edu>

Grades

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

Quizzes

There will be six short (thirty minute) quizzes. Class will end 30 minutes early on quiz days. Quizzes will be available via Canvas immediately after class. You must use Canvas's Respondus Lockdown Browswer to answer them. You will have a one hour window to take each quiz. Once you start a quiz you will have 30 minutes to complete it.

The quizzes will be given on every other Thursday, beginning on Jan. 28. In other words, the quizzes will be on Jan. 28, Feb. 11, Feb. 25, Mar. 11, Mar. 25, and Apr. 8. The quizzes will focus on the material covered since the previous quiz (usually, 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.

Tentative Quiz and Exam Grading Scale (second revision)

A 85-100%
A- 80-84%
B+ 76-79%
B 72-75%
B- 68-71%
C+ 64-67%
C 60-63%
C- 58-59%
D+ 52-55%
D 48-51%
D- 44-47%
F 0-43%


Quiz Answers

Links to copies of the quizzes (with answers) will be posted below. The answers are at the end of each quiz.

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

Final Exam

The final will be at the officially scheduled time and date: 5-7pm on Tuesday, April 20. It will be comprehensive. The final counts for 30% of your course grade.

The final will likely consist of approximately 30-35 multiple choice questions.

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 0.7*8 + 0.3*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 a short introduction to game theory.

Spring 2021 Detailed Outline

Tentative Course Schedule

The plan is to cover about a chapter every 2-3 class days. 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 (*).

Jan. 12: Chapter 1: Adventures in Microeconomics
Jan. 14, 19: Chapter 2: Supply and Demand
Jan. 21, 26, 28*: Chapter 3: Using Supply and Demand to Analyze Markets
Feb. 2, 4, 9: Chapter 4: Consumer Behavior
Feb. 11*, 16: Chapter 5: Individual and Market Demand
Feb. 18, 23, 25*: Chapter 6: Producer Behavior
Mar. 2, 4: Chapter 7: Costs
Mar. 9, 11*: Chapter 8: Supply in a Competitive Market
Mar. 16, 18: Chapter 9: Market Power and Monopoly
Mar. 23, 25*: Chapter 10: Market Power and Pricing Strategies
Mar. 30, Apr. 1, 6: Chapter 11: Imperfect Competition
Apr. 8*, 13, 15: Chapter 12: Game Theory
Apr. 20: Comprehensive Final Exam: 5-7pm

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. Unless there are very special circumstances, 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, sec. 2.44 for more details.

Important Dates

Jan. 11
Classes begin
Jan. 19
Last day to drop with full refund
Jan. 22
Enrollment cancelled for uncovered unpaid fees.
Jan. 31
Last day to apply for Spring Graduation
Feb. 5
Last day to drop with 25% refund
March 22
Last day to drop with DR
April 17
Last day of regular classes
April 19-24
Finals Week
April TBA
Intermediate Micro Final
April 28
Last day for faculty to submit grades
April 29
All grades available online