ECO2023 - Florida International University

ECO-2023
Principles of Microeconomics
ECO 2023-B51A(50417) Tuesdays, 2:40-6pm
Prof. Nick Bergan
Florida International University
Academic Center One 265
May 11—June 19, 2015
Instructor Contact Information
Name: Nick Bergan
Email Address: Nicholas.bergan@fiu.edu or bergann@palmbeachstate.edu (email me at this address for the
quickest response. Will respond within 8 hours, if not, submit it again)
Office Hours: 3:30-4pm outside of the classroom or by appointment
Text
MICROECONOMICS-W/ACCESS
REQUIRED PACKAGE |By HUBBARD
EDITION: 4TH 13
PUBLISHER: PEARSON
ISBN: 9780132962049
Course Description
This course provides an introduction to the theory and practice of contemporary
microeconomics. The course will begin with a discussion on how agents deal with the
fundamental problem of scarcity. The discussion will then turn to the basic concepts and
tools used in microeconomic analysis.
Prerequisites
High school algebra and geometry.
Cheating, plagiarism, and other forms of academic misconduct
Students should become aware of FIU’s definitions of and policies toward academic misconduct. The University’s
policies may be found on the FIU web-site at: Academic Misconduct and Code of Academic Integrity. If you have
your cell phone out and visible, you will receive a 0 on any assessment. There is no exception to this rule!
Chapters Breakdown
Chapter 1: Economics:
Foundations and Models
Chapter 2: Trade-offs,
Comparative Advantage, and the
Market System
Chapter 3: Where Prices Come
From: The Interaction of
Demand and Supply
Chapter 5: Externalities,
Environmental Policy, and
Public Goods
Chapter 4: Economic Efficiency,
Government Price Setting, and
Taxes
Chapter 6: Elasticity: The
Responsiveness of Demand and
Supply
Chapter 7: The Economics of
Health Care
Chapter 12: Firms in Perfectly
Competitive Markets
Chapter 8: Firms, the Stock
Market, and Corporate
Governance
Chapter 13: Monopolistic
Competition: The Competitive
Model in a More Realistic
Setting
Chapter 9: Comparative
Advantage and the Gains from
International Trade
Chapter 14: Oligopoly: Firms in
Less Competitive Markets
Chapter 10: Consumer Choice
and Behavioral Economics
Chapter 11: Technology,
Production, and Costs
Chapter 16: Pricing Strategy
Chapter 17: The Markets for
Labor and Other Factors of
Production
Chapter 18: Public Choice,
Taxes, and the Distribution of
Income
Chapter 15: Monopoly and
Antitrust Policy
Grading Breakdown
Quiz
4 at 200 points
800 points
Final Exam
200 points
TOTALS
1000 points
Grading Scale
(A)
930-1000 pts
(C)
730-769 pts
(A-)
900-929 pts
(C-)
700-729 pts
(B+)
870-899 pts
(D+)
670-699 pts
(B)
830-869 pts
(D)
630-669 pts
(B-)
800-829 pts
(D-)
600-629 pts
(C+)
770-799 pts
(F)
0 – 599 pts
Late Assignments
No late work is accepted for any reason in the course. All exams and assignments must be completed on time and
correctly as no make-ups or re-dos are allowed. You need to plan according to the schedule and prepare in advance
to ensure you meet the requirements. No students will be given a different policy in terms of the late policy as no
make-up exam or assignment will be accepted for any reason.
No LATE work will be accepted for any reason. Since I have given you the information for all the assignments and
tests, it is your responsibility to complete them and turn them in on the respective due date. Make sure you are fully
aware of the course calendar because that will show you exact due dates for all respective assignments, tests, and
quizzes. If you have any questions, please feel free to e-mail me concerning any of these due dates but leave ample
time so that you are able to complete them. If you do not turn in the assignment on the respective due date by the
instructor then it will result in a 0 for the assignment. I am very strict on this policy and there will be no exceptions
to this rule. All assignment must be turned in at the discretion of the calendar because that is your contract with me
stating that you understand when everything in the course is due. Make sure you check the online calendar each day
to keep up with all assignment posting because you are required to complete all assignments, tests, quizzes on the
respective time. Make sure you leave enough time to finish all assignments, test, quizzes before the time period
because I will not give extension to people that start to close to the closing of any assignment, test, and quiz time
frame. No excuses will be made for any assignments. If you miss a test or quiz, you will receive a "0", which can
severely affect your grade and your performance in the class. When you are taking any assessment, any
technological issue that does not allow you to complete the assessment will result in a penalty of 20%. No
exceptions to this rule, so make sure to take your assessment on a secure internet connection.
Technical difficulties do not excuse late or incomplete work. Make sure you have a backup computer (library?)
should your system fail.
ASSUME TECHINCAL DIFFICULTIES WILL OCCUR DO NOT WAIT UNTIL THE LAST MINUTE TO
COMPLETE ASSIGNMENTS!
When you take your quiz, you have to complete it within the time period of when you started it. So, if you
have 60 minutes to take a quiz and you start it at 1pm, you will have to end it on the same day by 2pm. You
can leave and start it during that time period, but the clock will keep moving. Also, you only get TWO
attempts on the quiz, so when you start it, you have to end it at that point.
Quizzes/Final Exam: All quizzes and final exam will be multiple-choice questions. Each quiz will be 25 multiplechoice questions, of which, you will have 60 minutes to complete it. All quizzes must be completed by deadline
listed below or you will receive a 0. I will give you two attempts and you will get the highest score out of your two
attempts. No technological related excuses are accepted in the course for any reason, it is your responsibility to
make sure that you complete all your work on time to get full points. The final exam will consist of 50 multiplechoice questions, of which you will have 60 minutes to complete it. It is your responsibility to complete your final
exam by the due date listed below. Please note that there are different dates/times for work when it is due, so make
note of it.
Course Schedule
5/12: Overview, Chps 1-4
5/19: Chps 8-13
5/26: QUIZ #1 due by 2pm(Chps 1-4)
6/2: QUIZ #2 due by 2pm (chps 5-10)
6/9:Chps 14-18/ QUIZ #3 due by 2pm(chp11-13)/ QUIZ #4 due by 2pm(chps 14-18)
6/16: Final Exam Due by 2pm/ Extra Credit due
DUE DATES FOR ALL WORK:
5/26: Quiz #1 by 11pm
6/2: Quiz #2 by 2pm
6/9: Quiz #3 by 11pm
6/9: Quiz #4 by 2pm
6/16: Extra Credit Quiz due by 11pm
6/16: Final Exam by 2pm