MGEA01H3

Introduction to Microeconomics

University of Toronto Scarborough

Economic theory of the firm and the consumer. Although calculus is not used in this course, algebra and graphs are used extensively to illuminate economic analysis.Note: This course is not for students interested in applying to the Specialists in Management and Economics leading to the B.B.A or for the Major program in Economics.
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H. Ho

MGEA01H3 Syllabus for H. Ho — Fall 2018

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Management, 1265 Military Trail, Toronto, ON, M1C 1A4, Canada
www.utsc.utoronto.ca/mgmt 1
MGEA𝟎𝟏H𝟑 F (LEC𝟑𝟎)
Introduction to Microeconomics
𝟐𝟎𝟏𝟖 Fall
Instructor Contact Information:
Name: Michael Ho
Office: IC 200B
Office hours: Thursday 6: 30 − 7: 00pm in IC 200B
Email: michaelhc.ho@utoronto.ca
Class day/time: Thursday 7 − 10pm
Class location: IC 130
Course website: Blackboard
Course Description:
Economic theory of the firm and the consumer. Although calculus is not used in this course, algebra and
graphs are used extensively to illuminate economic analysis.
Note: This course is not for students interested in applying to the Specialists in Management and
Economics leading to the B.B.A or for the Major program in Economics.
Prerequisite & Exclusion:
Exclusion: MGEA02H3/(ECMA04H3), (ECMA01H3), ECO100Y, ECO105Y
Required Materials:
Microeconomics (Third Canadian Edition) by Paul Krugman, Robin Wells, Iris Au, and Jack Parkinson.
Macmillan (2018).
Sapling Online Learning Assessment.
Course Materials:
Course outline, lecture outlines, recommended problems (with solutions), pass test and exam (questions
only) will be posted on Blackboard.
Management, 1265 Military Trail, Toronto, ON, M1C 1A4, Canada
www.utsc.utoronto.ca/mgmt 2
Evaluation and Grading:
Assessment
If Mid-term is better than
Final Examination
If Final Examination is better
than Mid-term
Sapling
Mid-term (1œ hours)
Final Examination (2œ hours)
15%
35%
50%
15%
25%
60%
The Mid-term is scheduled on October 18 during regular scheduled class time (venue pending upon
room booking confirmation). The variable weights for the Mid-term and the Final Examination are
designed to encourage students to work harder in their Final Examination. The Final Examination is not
cumulative and will be held during examination period.
Re-reads of the Mid-term will be granted if the test is written in pen and the request submitted to me
within one week after the Mid-term has been returned in class (rather than one week the Mid-term has
been picked up by the student) as students in this course need to know their relative position as early as
possible before last day to drop F courses without academic penalty and have them removed from the
transcript (November 19th). In addition to this, you must include in writing and with specificity, your
question or concern with the grading. Please be advised that re-read and re-mark may result in upward
or downward revision. Addition errors will, of course, be corrected on the spot.
Policy on Missed Mid-term:
Any student misses the Mid-term due to something outside his/her control, such as illness, accident or
the death of a family member (see the Undergraduate Calendar for details), must submit a written
request in person for special consideration within one week of the missed Mid-term explaining the
reason for missing the Mid-term, and attaching appropriate documentation, such as Verification of
Student Illness or Injury. If the request for special consideration has been accepted, then the student will
be eligible to write the make-up Mid-term on November 9th at 5pm (venue to be announced later). No
allowance will be made for any possible time conflict and no excuses of any kind will be accepted for
missing the make-up Mid-term. Hence, failing to write the make-up Mid-term will result in a zero.
Academic Misconduct:
Students should note that copying, plagiarizing, or other forms of academic misconduct (cheating in the
mid-term or exam) will not be tolerated. Any student caught engaging in such activities will be subject
to academic discipline ranging from a mark of zero on the assignment, test or examination to dismissal
from the university as outlined in the academic handbook. Any student abetting or otherwise assisting
in such misconduct will also be subject to academic penalties.
Management, 1265 Military Trail, Toronto, ON, M1C 1A4, Canada
www.utsc.utoronto.ca/mgmt 3
Important:
This course is constructed around the textbook (Second Canadian Edition) and the responsibility of the
instructor is to specify the best source of information for the students to prepare for this course. It is
totally up to the students to decide whether they would want to buy the textbook or not. This is a
demanding course and there is a considerable amount of preliminary reading which should be done
before each class. It would be difficult to do well if one falls behind in covering the required reading
materials. Hence, students are expected to (i) read the relevant chapter(s) in the textbook before each
class in order to follow the lecture discussion; and (ii) attend every lecture because a significant portion
of the Mid-term and the Final Examination will be comprised of lecture discussion.
Communication in email must be done through UTOR email account for record-keeping and
identification purposes as required by the University. Please put “MGEA𝟎𝟏” in the message title as this
will help draw my attention to your email. Questions in any email should not require more than two
sentences to answer. For any question that involves more than two sentences to answer, or requires
equation or diagram, should be discussed in person either in class or office hours (by appointment).
Since there are limits to how much time can be devoted to answering email, questions already covered in
the syllabus or announcements (in class or on Blackboard) will not get response. Students should not
take email as a means to receive private tutorials or review material covered in class(es) that they missed.
Topics:
1. First Principles Chapter 1
2. Economic Models Chapter 2
3. Demand, Supply, & Equilibrium Chapter 3
4. Consumer & Producer Surplus Chapter 4
5. Elasticity Chapter 6
6. Government Intervention Part I Chapter 5
7. Government Intervention Part II Chapter 7
8. Decision Making by Individuals & Firms Chapter 9
9. Rational Consumer Behaviour & Demand Curve Chapter 10
10. Inputs, Costs, & Supply Curve Chapter 11
11. Perfect Competition Chapter 12
12. Monopoly Chapter 13
13. Imperfect Competition Part I – Monopolistic Competition Chapter 15
14. Imperfect Competition Part II – Oligopoly Chapter 14
15. International Trade Chapter 8
Management, 1265 Military Trail, Toronto, ON, M1C 1A4, Canada
www.utsc.utoronto.ca/mgmt 4
Academic Support:
The Department of Management, in collaboration with the UTSC library, will be providing academic
research support in the IC Building. To refine your research skills or to learn more about various
scholarly resources, please contact the Librarian for Management and Economics students:
Mariana Jardim, Liaison Librarian< Department of Management UTSC
Office hours: by appointment
Email: mariana.jardim@utoronto.ca
Web: http://guides.library.utoronto.ca/UTSCFinanceLab
The English Language Development (ELD) Centre helps students develop the critical thinking,
vocabulary and academic communication skills essential for achieving academic and professional
success (http://ctl.utsc.utoronto.ca/eld/). The Writing Centre offers invaluable services to students to
learn to become better writers. The kinds of help include drop-in sessions, longer individual
consultations, clinics and writing groups, along with print and online writing handouts
(http://ctl.utsc.utoronto.ca/twc/).

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