| Microeconomics, AP/GT |
Fall 2008 (Updated 08-24-08) |
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Microeconomics is the study of specific economic units. At this level of analysis, the economist looks at the details of an economic unit, or a very small segment of the economy, under a figurative microscope. In microeconomics, we talk of an individual industry, firm or household. We measure the price of a specific product, the number of workers employed by a single firm, the revenue or income of a particular firm or household, or the expenditures of a specific firm. In microeconomics, we examine the sand, rocks, and shells, not the beach.
A. This class will be guided by the following assumptions:
1. All assignments will be turned in at the stated time.
2. Students will remain current with all assigned readings.
3. Questions will be asked as necessary to clarify information.
4. All writing assignments will be typed using appropriate style and format.
5. Students will be familiar with all required material, whether presented in class or as a part of the assigned readings.
6. Students will take advantage of all internet and web-related resources associated with this course.
B. Six weeks grades will be based on a weighted average using the following categories and weights:
1. Homework and class work 40%
2. Chapter quizzes (primarily vocabulary) 10%
2. Unit tests 50%
Text: McConnell, Campbell R. and Brue, Stanley L. Economics: Principles, Problems, and Policies, 15th ed. New York: McGraw-Hill/Irwin, Inc., 2002.
This semester, I will use a web site to provide useful links and information about the course, post some assignments, and publish practice tests. However, to use this site, you must register; the password for this semester will be provided in class. Go to http://hfranks.pageout.net to access this site.
You may contact me using the following methods.
Phone, Midland High: 432-689-1167
Phone, home: 432-689-0656
Phone, mobile: 432-413-1575
Fax, Midland High: 432-689-1144
Email: hfranks@esc18.net
Web site: http://homepage.mac.com/hfranks/
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Hugh Franks
Midland Senior High School
Midland, Texas
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| TINSTAAFL - There is no such thing as a free lunch. |
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Class Highlight |
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Class Calendar |
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Class Work |
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New Advanced Placement Test Policy
Beginning this school year, all students enrolled in AP courses, including this one, will be required to take at appropriate AP exam in May; the school district will, of course, pay for the cost of the exam. While I realize this requirement may annoy some students, I see it as a welcome challenge. At the end of this course, I guarantee that you will have a solid grasp of basic microeconomic principles and will be well prepared to take the AP test. Look at this as a way to show off what you know.
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In addition to the simple summary of the course below, a detailed syllabus is available for download by clicking on the "Downloads for Students" link at the top of this page. Be aware that actual timing is subject to change as the semester progresses.
Introduction to Economics and the Economy (9 days)
Chapter 1: The Nature and Method of Economics,
pp. 3-21
Chapter 2: The Economizing Problem, pp. 22-39
Supply and Demand Theory,
(24 days)
Chapter 3: Individual Markets: Demand and Supply, pp. 40-58
Chapter 20: Topics in Demand and Supply,
pp. 374-390
Chapter 21: Consumer Behavior, Utility Maximization, pp. 394-413
Chapter 22: The Costs of Production, pp. 415-433
The Market System (5 days)
Chapter 4: The Market System, pp. 59-72
Microeconomics of Market Types (22 days)
Chapter 23: Pure Competition, pp. 437-462
Chapter 24: Pure Monopoly,
pp. 463-485
Chapter 25: Monopolistic Competition and Oligopoly,
pp. 486-509
Microeconomics of Resource Markets (14 days)
Chapter 27: Demand for Resources, pp. 532-549
Chapter 28: Wage Determination,
pp. 550- 571
Review and Semester Exam
(5 days)
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Assignments will be distributed in class and/or posted as appropriate on the PageOut site devoted to this course. In addition, this site includes several review exercises as well as old tests which can be used to better prepare students for the tests given this semester. The URL of this site is:
http://hfranks.pageout.net
More information as to the use of this site will be made available in class after the semester begins.
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