ECON 211 PRINCIPLES OF ECONOMICS I

2020-2021 FALL TERM

Instructor: Esma Gaygısız

E-Mail: esma@metu.edu.tr Office: FEAS, Building A, A116
Lecture Hours: Monday 13.40-16.30
Teaching Assistant: Ayşenur Ahsen
E-Mail: aahsen@metu.edu.tr Office: FEAS, Building A, A210
Recitation Hours: To be announced

TEXTBOOK:
R. S. Pindyck and D. L. Rubinfeld (2013): MICROECONOMICS, Eighth Edition, Pearson
The 8th edition of the book is in the Reserve Section of the Main Library.

COURSE WEBSITE: https://odtuclass.metu.edu.tr

All announcements related to the course and the course materials will be on the course website.

COURSE REQUIREMENTS: Two midterm exams and one final exam will be given as well as
quizzes. The exams will cover the topics in the Required Readings and Lectures and may include topics
and readings that will be posted on the course website.

GRADING: The final grade will be the weighted average of exams and quizzes. The weights are:
First exam: 25%
Second Exam: 25%
Quizzes: 10%
Final Exam: 40%

• Extra points will be added to the grade for the attendance of more than half of the class period.
• Penalty points will be deducted from the grade for the absence of more than half of the class period.
• There will be no make-up exams for the quizzes and the midterm exams. If you miss any of the
exams by a valid reason and a documentation, your final exam grade will count twice
to replace the missing grade with 25% weight for any of the midterm exams and 10% weight for any
of the quizzes.

IMPORTANT NOTES: When you receive your final letter grade at the end of the semester, please do
not contact me or the teaching assistant to request a higher grade. In communications and discussions,
you are expected to avoid disrupting the lectures and please refrain yourself from class distractions.

1
ECON 211 REQUIRED READINGS FROM THE TEXTBOOK

Dates Topics Associated with Book Chapters

Week 02 19 October Chapter 02 The Basics of Supply and Demand
Week 03 26 October Chapter 03 Consumer Behavior
Week 04 02 November Chapter 04 Individual and Market Demand
Week 05 09 November Chapter 06 Production
Week 06 16 November Chapter 07 The Cost of Production
Week 07 23 November Chapter 08 Profit Maximization and Competitive Supply
Week 08 30 November Chapter 09 The Analysis of Competitive Markets
Week 09 07 December FIRST EXAM (07.12.2020)
Week 10 14 December Chapter 10 Market Power: Monopoly and Monopsony
Week 11 21 December Chapter 11 Pricing with Market Power
Week 12 28 December Chapter 12 Monopolistic Competition and Oligopoly
Week 13 04 January Chapter 13 Game Theory and Competitive Strategy
Week 13 09 January SECOND EXAM (09.01.2021)
Week 14 11 January Chapter 16 General Equilibrium and Economic Efficiency
Chapter 18 Externalities and Public Goods

FINAL EXAM (Date to be set by the Registrar's Office)