ECON 208 Lecture : Microeconomics Analysis and Applications.docx
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ECON 208 Full Course Notes
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Office hours: tuesday 10-11 am and wed 10:30-11:30 am in leacock 438. Textbook: microeconomics (13th canadian edition) by ragan & lipsey. Www. tophatmonocle. com (5% bonus for participation if you answer 50% of the questions) or go to paragraphe bookstore. Basic economic principles and to show how they are applied. Examine choices that individuals and firms and face. How different market structures respond to these choices. The basics: fundamental concepts and approach, competitive markets. Consumer and producers: the consumer side of economic side. Consumer surplus and value: the producer side of markers. Production and costs in the short run. Production, costs and technology in the long run: market structures and economic efficiency. The monopoly extreme, cartels, and price discrimination. Economic efficiency and government policy: factor markets, government intervention. The economics of environmental protection: international trade. Conferences with tas to go over material (starting in the 3rd week) Midterm on october 21st, in class (0-25%) Structure: combination of mc and short answer.