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ECN 201 - Course Outline - Spring2020
ECN 201 - Course Outline - Spring2020
School of Business
Department of Economics- Course Outline
COURSE DESCRIPTION:
Introduction to the functions of individual decision makers, both consumers and
producers, within the larger economic system. Emphasis on the nature and functions of
product markets, theory of the firm under varying conditions of competition and monopoly
and the role of government in prompting efficiency in the economy.
PREREQUISITE:
Familiarity with number system and derivatives will be needed for quantitative part of this
course.
COURSE POLICY:
1. It is the student’s responsibility to gather information about the assignments and
covered topics of the missed lectures. Regular class attendance is mandatory. Points
will be taken off for missing classes. Without 70% of attendance, sitting for final exam
is NOT allowed. According to IUB system students must enter the classroom within
the first 20 minutes to get the attendance submitted.
2. The date and syllabus of quiz, midterm and final exam is already given here; however,
announcements will be given ahead of time.
3. The reading materials for each class will be given prior to that class so that student
may have a cursory look into the materials.
4. Class participation is vital for better understanding of sociological issues. Students are
invited to raise questions.
5. Students should take tutorials with the instructor during the office hours. Prior
appointment is required.
6. Students must maintain the IUB code of conduct and ethical guidelines offered by the
School of Business.
7. Students must refrain from any type of cheating and/or plagiarism in a course. Any
student acting otherwise will receive an “F” grade in the course. School of Business,
IUB, maintains a zero tolerance policy regarding violation of academic integrity.
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8. Students are not allowed to keep bags, handouts, books, mobile phones, smart watches
or any other smart electronic devices with them during any exam. Students are advised
to keep everything in the front of the class room before the exam starts. Please note
that, just carrying any smart electronic devises (even if the devise is turned off or put it
in silent mode) during the exam will be considered as “cheating”. Moreover, during
the exam, anything written on hand palms (or anywhere else) and carrying paper
materials (whatever is written) will be considered as “cheating”. Any sort of
“cheating” will result in an “F” grade with no exception. During the exam, students
are only allowed to carry pen, pencil, eraser, sharpener, ruler, highlighter and
calculator in a clear plastic bag.
COURSE EVALUATION:
GRADING POLICY:
The following scheme should be followed in assigning final grade for the course.
TEXT BOOK:
N. Gregory Mankiw, Principles of Microeconomics, Sixth Ed., The Dryden Press.
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CLASS AND EXAM SCHEDULE, TOPIC AND READINGS:
4
Parkin,
Chapter 11
Pages 267-
270
Session -18 Firms in Overview of Different Markets; Mankiw,
Competitive Perfect Competition: Properties; Chapter 14
Markets Economic Profit & Revenue;
Demand curve of individual firm Pages 279-
QUIZ - 2 (P=MR); Firm’s Output Decision. 286
Session -19 Firms in Output, Price & Profit and Loss in Mankiw,
Competitive Short Run; Chapter 14
Markets Zero Profit in the Long Run;
Entry & Exit in the Long Run Pages 286-
296
Session -20 Firms in Competition & Efficiency; Mankiw
Competitive Mathematical problems discussion & Chapter 14
Markets practice.
Parkin,
Chapter 12
Pages 288,
293 – 296
Session -21 Monopoly How Monopoly Arises; Natural Mankiw,
Monopoly; Demand curve faced by Chapter 15
monopoly (P>MR);
Monopoly Price Setting Strategies. Pages 299-
Monopoly vs. Perfect Competition 304
Pages 304-
310
Session -23 Monopoly Mathematical problems discussion & Mankiw
practice. Chapter 15
Parkin,
Chapter 13
Pages 319-
321
Session -24 Monopolistic Properties; Price & Output in Mankiw,
Competition Monopolistic Competition; Chapter 16
Monopolistic Competition & Perfect
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Competition; Efficiency of
QUIZ-3 Monopolistic Competition.
Session -25 Oligopoly What is Oligopoly; Mankiw,
Properties of Oligopoly. Chapter 17
Review of Final Exam Contents.
Practice of Critical Mathematical
Problems for Final Exam.
Session -26 FINAL EXAM Chapter: 13 – 17 Mankiw,
Chapter
13 – 17
* Handouts available on virtual learning system
AUDIT:
Students who are willing to audit the course are welcome during the first two classes and
are advised to contact the instructor after that.
NOTE:
Plagiarism- that is the presentation of another person’s thoughts or words as though they
were the students’ own – must be strictly avoided. Cheating and plagiarism on exam and
assignment are unacceptable.