Professor
Information:
Dr. Robert A. Lawson
Professor of Economics
& George H. Moor Chair
School of Management
Capital University
227 Troutman Hall
614-236-6138 (office)
614-252-5453 (home)
614-236-6540 (fax)
rlawson@capital.edu
(e-mail)
http://capital2.capital.edu/faculty/rlawson/ |
Class
Information:
Fall Semester,
2002
3 credits
Section #01: 11:00-11:50
a.m., MWF
LC 02
Office Hours:
10:00-11:00, Monday
& Friday
3:30-4:30, Wednesday |
Bulletin
Description and Other Information:
-
Ways in which resources
are allocated to different firms and industries; theories of demand, production
and pricing of commodities and productive resources under perfect and imperfect
competition. Prerequsite: ECON 200. MATH 220 is recommended.
-
This course is required
of economics majors and can fulfill the upper-level economics requirement
for Management and Accounting Majors.
|
Course
Objectives: A successful student will learn the following topics:
-
Understanding of the basic
role and function of prices in individual decision-making.
-
Understanding of the basic
role and function of prices in a market economy under various market conditions.
-
Understanding of the similarities
and differences in product, resource, and other types of markets
-
Understanding of the role
and impact of government on a market economy at the mircroeconomic level.
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Textbooks
& Materials:
-
A student resources web
page is available
here; this has sample multiple choice and essay questions, relevant
news articles, internet exercises, powerpoint presentations.
-
You are strongly advised
to buy the textbooks as the lectures will conform closely to this material.
A note to business majors especially: you should get in the habit of regularly
reading the
Wall Street Journal. Affordable student subscriptions
are available from me. You may want to have a calculator for this course
as well.
|
Class
Policies:
-
There is no attendance
requirement. So skip at your own risk! In the event of an absence,
you are responsible for all material missed.
-
Turn off
all cell phones and audible pagers. You may audio tape lectures.
-
As a courtesy to your
classmates, make every effort to arrive at class on time.
-
The stated schedule and
procedures in this course are subject to change in the event of extenuating
circumstances.
-
Failure to attend does
not constitute official withdrawal from the course and may result in a
failing grade. Official withdrawal requires that the student submit
a completed "Change of Registration" form to the Registrar by the published
deadline.
-
Continued enrollment in
this course will indicate that the student has carefully read the syllabus
and assumed responsibility for meeting the course requirements.
-
Any "Academic Integrity"
violation (see Undergraduate Student Handbook for details) may result
in an "Irrevocable F-IF" in the course and may result in disciplinary action
by the university.
|
| Exams
& Assignments: There will be four exams in this course worth 18%
each and a comprehensive final exam worth 28% of your final grade.
The exams will consist of multiple choice questions, short answer
problems, and short essays. You are responsible for all material
covered in the books, the classroom lectures, videos, handouts, etc.
On all written work, you will be graded, in part, on grammar, spelling,
style, etc.
What if I miss an
exam? No make-up exams will be given during the term although
early exams are possible with permission. If you miss an exam for
a legitimate reason, then the comprehensive final exam score will count
in its place. You must contact me as soon as possible to discuss
an such situation--failure to do so will result in a zero on the exam in
question.
Grading Scale:
The grading scale will be determined at a later date and explained in detail
in class. Plus and minus
final grades are awarded in
borderline cases. |
Extra
Credit Opportunities:
Opportunities for extra credit will be available
throughout the term.
-
Occasionally, extra credit
points are awarded for students to attend special on-campus events like
lectures, debates, etc. Your professor will inform you of any such opportunities
as and if they arrive.
|
Course
Outline: This is a tentative course outline and is subject to change.
| 8/26 |
Syllabus & Introduction
to Course |
| 8/28 |
Chapter 1. Preliminaries |
| 8/30 |
Chapter 2. The Basics
of Supply and Demand |
| 9/2 |
Labor Day--no classes |
| 9/4 |
Chapter 2. (cont.) |
| 9/6 |
Chapter 3. Consumer
Behavior |
| 9/9 |
Chapter 3. (cont.) |
| 9/11 |
Chapter 3. (cont.) |
| 9/12 |
Special Event: School of Management
Distinguished Lecture by Donald Shackelford, Chairman, Fifth-Third Bank
Central Ohio, Bridge of Learning, 7:30 p.m. Extra
credit will be available. All students are strongly encouraged to
attend. |
| 9/13 |
Chapter 4. Individual
and Market Demand |
| 9/16 |
Chapter 4. (cont.) |
| 9/18 |
Chapter 4. (cont.) |
| 9/20 |
Exam
I (18%) |
| 9/23 |
Chapter 6. Production |
| 9/25 |
Chapter 6. (cont.) |
| 9/27 |
Chapter 6. (cont.) |
| 9/30 |
Chapter 7. The Cost
of Production |
| 10/2 |
Chapter 7. (cont.) |
| 10/4 |
Chatper 7. (cont.)
Special
Event: Todd Nesbit presentation, "Are Safer Cars More Dangerous:
Evidence from NASCAR," 10:00-11:00 a.m., LC 202. Extra credit will
be available. All students are strongly encouraged to attend. |
| 10/7 |
Chatper 8. Profit
Maximization and Competitive Supply |
| 10/9 |
Chapter 8. (cont.) |
| 10/11 |
No Class--Economic Freedom Network Meeting, Madrid, Spain. |
| 10/14 |
No Class--Economic Freedom Network Meeting, Madrid, Spain. |
| 10/16 |
Chapter 8. (cont.) |
| 10/18 |
Mid-Semester Break--no classes |
| 10/21 |
Exam
II (18%)
Special
Event: George H. Moor Chair Lecture by Russell Roberts, "The Argument for
Free Trade," 7:00 p.m., Huntington Recital Hall. Extra credit will be available.
All students are strongly encouraged to attend. |
| 10/23 |
Chapter
9. The Analysis of Competitive Markets |
| 10/25 |
Chapter 9. (cont.)
Last
Day to Withdraw from a course or apply for pass/fail option. |
| 10/28 |
Chapter 10. Market
Power: Monopoly and Monopsony |
| 10/30 |
Chapter 10. (cont.) |
| 11/1 |
Chapter 10. (cont.) |
| 11/4 |
Chapter 11. Pricing
with Market Power |
| 11/6 |
Chapter 11. (cont.) |
| 11/8 |
Chapter 12. Monopolistic Competition |
| 11/11 |
Chapter 12 (cont.) |
| 11/13 |
Exam
III (18%) |
| 11/15 |
Chapter 14. Markets
for Factor Inputs |
| 11/18 |
Chapter 14. (cont.) |
| 11/20 |
Chapter 15. Investment,
Time, Capital Markets |
| 11/22 |
Chapter 15. (cont.) |
| 11/25 |
No Class--Southern Economic Association meeting, New
Orleans, LA. |
| 11/27 |
Thanksgiving Break--no classes |
| 11/29 |
Thanksgiving Break--no classes |
| 12/2 |
Chapter 18. Externalities
and Public Goods |
| 12/4 |
Chapter 18. (cont.) |
| 12/6 |
Exam
III (18%) |
| 12/10 |
Final Exam (28%), 8:00 a.m.
- 10:00 a.m. |
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