ECG 505 Fall 2007 Applied Microeconomics Syllabus Dr. Walter Wessels Office: 4106 Nelson, 513-2879. Secretary: David 515-2472 Home: 678-9553 Office Hours: M-W 3 – 4 PM or after class. E-mail: [email protected] or [email protected] Web Page: courses.ncsu.edu/ecg505/lec/001/ Goals This course examines how microeconomics can be applied to analyze various issues. The student should learn how to apply the basic microeconomic tools, including marginal analysis, demand and supply theory, and indifference curves and constraints. The student should be able to apply these tools in the analysis of the cost and benefits of public decision making. The student is expected to become proficient in economic analysis, utilizing both graphical and mathematical tools.

Prerequisites EC 301 and Calculus Required James Perloff, Microeconomic, 4th Edition, 2007 Grading Policy Your grade will be based upon being prepared for class (10%), two midterm tests (60%), and a final (30%). Being prepared for class means having read and studied the material assigned for each class (see syllabus) and doing the homework. Students must take all tests. Students are reminded of the existence of the university policy on academic integrity found in the Code of Student Conduct and the utilization implications of the Honor Pledge. Any student caught cheating on a test will have that test count as a zero and the test will not be dropped. Graphic calculators, cell phones, or any other electronic device capable of displaying or communicating answers are not to be accessible during tests. Computers will not be allowed in class at any time. Absences Absences will lower your grade. You will be allowed 3 absences with no penalty. This is to allow for all emergencies. Each absence above 3 will subtract 2 points from your grade. Roll will be taken at the beginning of class by the use of seating chart. Snow Days Roll will not be taken on snow days, but class may be conducted. Any tests will be delayed until the next class. A snow day occurs when either NCSU or IBM (in RTP) closes. Wessels, ECG 505 WEEK DATES TOPIC Chapter 1 8-22 Introduction 1 2 8-27,29 Supply and Demand 2 3 9-5 Applications 3 4 9-10,12 Consumer Choice 4 5 9-17,19 Applications 5 6 9-24,26 Review, Test One 7 10-1,3 Firms and Production 6 8 10-8,10 Costs 7 9 10-15,17 Competitive Firms 8 10 10-22,24 Applications 9, 10 11 10-29,31 Review, Test Two 12 11-5,7 Monopoly 11 13 11-12,14 Pricing 12 14 11-19 Oligopoly 13 15 11-26,28 Review, Test Three 16 12-3,5 Capital Markets 16 FINAL Mon, Dec 17, 1 to 4 PM