CENTRAL CONNECTICUT STATE UNIVERSITY

 

 

Dr. James Loughlin                                                           Loughlin@CCSU.edu                                

Fall, 2007                                                                            Office Hours: M-W-F 1 – 2 and M-W 3:30 - 5

 

Course:      Economics 201, PRINCIPLES OF ECONOMICS II

 

Required Texts:  McConnell & Brue, Microeconomics, 17th Ed. (M/B); McGraw-Hill, 2008 (paperback)

                                 Bingham & Walstad, Microeconomics, Study Guide, McGraw-Hill, 2008 (paperback)

 

Course Outline:                                                                                                                    Text/Chapter

 

1.       Review of Supply and Demand; Price Determination in Product Markets,

Pure Competition                                                                                                          M/B – 3

 

2.     Elasticities; Derivation of Total and Marginal Revenue                                           M/B – 6; & pp. 167-

                                                                                                                                            168;  1972-194

 

3.     Derivation  of Demand; Utility Theory                                                                          M/B - 7

                                                                                                                                            (omit appendix)

 

4.     Derivation of Costs from Production Functions                                                                   M/B – 8

 

5.     Pure Competition                                                                                                          M/B – 9

 

6.     Pure and Natural Monopolies                                                                                        M/B – 10

 

7.     Monopolistic Competition                                                                                            MB –pp.211-216

 

8.     Oligopoly                                                                                                                      M/B –pp. 217-230

 

9      Resource Demand & Marginal Productivity Theory                                                       M/B – 13

 

10.   Wage Determination in Labor Markets; Pure & Imperfect Competition                        M/B – 14

 

11.   Rent, Interest and Profit                                                                                                 M/B – 15

 

12.   International Trade and Comparative Advantage                                                       M/B – 23; 24

 

NO TAPING OF LECTURES IS ALLOWED UNLESS AUTHORIZED BY THE OFFICE OF SPECIAL

STUDENT SERVICES.                     CELL PHONES ARE TO BE TURNED OFF DURING CLASS.

 

Tests:  Three (3) objective type tests involving definitions, diagrams and problem-solving.  Each test is worth 1/3 of the grade.  Grade improvement from one test to another will be taken into consideration for your final grade.  No individual extra-credit arrangements will be made.

 

Make-up Test Policy:

  1. E-mail or phone Dr. Loughlin (832-2731) on or before day of scheduled test.  Any return communication will be by e-mail only.
  2. Student must present an acceptable written reason for absence, with substantiation.  This documentation must be presented within 7 business days after the scheduled exam (including final).
  3. ALL semester make-up exams will be given on the last class day of the semester.
  4. Failure to comply with (1), (2) and (3) will result in an “F” grade for the missed test.