What This Document Is
This is a detailed syllabus for Introduction to Microeconomics – Prices and Markets (ECON 151) at the University of Delaware, as offered in Fall 2007. It serves as the foundational guide for the course, outlining the schedule, expectations, and key areas of study throughout the semester. This syllabus provides a comprehensive overview of the course structure and how student progress will be evaluated.
Why This Document Matters
This syllabus is essential for any student enrolled or considering enrollment in ECON 151. It clarifies important dates for examinations and assignments, allowing for effective time management and study planning. Understanding the course layout and the relationship between lectures, readings, and assessments is crucial for success. Prospective students can use this syllabus to gauge the course’s scope and determine if it aligns with their academic goals.
Topics Covered
* Core principles of supply and demand, including elasticity.
* Consumer behavior and the concept of utility.
* Market structures, including pure competition and potential explorations into monopoly.
* The economics of specific sectors, such as agriculture.
* Government intervention in markets, including taxes, minimum wages, rent controls, and tariffs.
* Cost of production analysis.
* Detailed examination of price and output determination.
What This Document Provides
* A week-by-week schedule of topics to be covered in lectures.
* References to required course materials, including a Course Material Booklet and Lieberman’s Course Readings.
* A calendar of potential assignment due dates, including problem sets.
* Information regarding examination dates, point values, and the types of questions to expect.
* Links to relevant articles from sources like *The Wall Street Journal* and *The New York Times* used to illustrate economic concepts.
* Details regarding multimedia CD modules designed to supplement learning.
