ECONOMICS 101

MICROECONOMIC PRINCIPLES

INSTRUCTOR: FRANNY CHAN

E-mail address: frannychan@hotmail.com

fchan@fullcoll.edu

 Voice mail: 714-992-7000 ext. 28729

COURSE OBJECTIVE:

This course presents the basic structure of the economic system.  Students are expected to understand the behavior of consumers and firms, and the allocation of products and resources through the price mechanism.

REQUIRED TEXT:

Parkin. Economics, 9th edition, Pearson Education Inc. 2009.

Microeconomics Course Material: use link in the course website, print out handouts, staple them together and bring them to class.

CLASS WEBSITE:

http://staffwww.fullcoll.edu/fchan/ Please click on Microeconomics for additional information about this class.

 RECOMMENDED READINGS:

Have access to newsmagazine and newspaper such as U.S. News and World Report, Time, Business Week, Fortune or the Wall Street Journal. Current economic news will be discussed in the class. It will be helpful if you can familiar yourself with the present economic environment of our country. 

COURSE OUTLINE:

 I  ECONOMIC SYSTEMS: CHAPTERS 1, 2, 3, 5*, 6, 7*.                                EXAM 1

II MICROECONOMIC FUNDAMENTALS: CHAPTERS 4, 8, 9*, 10, 11.             EXAM 2

III MARKET MODELS: CHAPTERS 12, 13, 14, 15

VI FACTOR MARKETS: CHAPTERS 18, 16*, 17*                                           EXAM 3

* indicates read-only chapters                                                                                     

FINAL IS COMPREHENSIVE

 GRADING:

Your grade is based upon

6 classroom assignments (30%, 5% each)

3 exams (45%, 15% each)

1 final exam (25%)

No makeup examinations will be given.  If you miss an exam, the final will be counted twice.

If you wish to withdraw from this class, be sure to drop officially in the record office. Failure to do so will result in an F.

Classroom assignments

These assignments have to be finished in the classroom.  They are open-book exercises and will be given at the end of class sections. No makeup assignments will be given, and no late classroom assignments will be accepted.  If you missed an assignment, you have to do the extra ones to make up. You will be given more than 6 assignments. If you did more than 6 assignments, the extra assignments will be counted as extra credit towards your grade.

Exams

Examinations will consist two parts: true/false and fill-in-the-blank problems. Sample Exam will be very helpful in preparing for the exams. You can prepare a formulae sheet and a calculator to bring to the exams. No makeup examinations will be given.  If you miss an exam, the final will be counted twice.

COMMUNICATION:

I would be glad to answer your questions about the lecture or course materials. The most effective method of contacting me is by e-mail.  Usually, I will respond to your questions within 24 hours. If you like to talk to me, I can meet you before the class or by appointment. 

The general rules of the College, the requirements of the Social Science Division and the Department of Economics are all assumed and specially applied to the cases of cheating, plagiarism and assignment of an incomplete grade.