Introductory Microeconomics

ECON 111/3.0

Overview

An introduction to microeconomic analysis of a modern mixed economy. The course analyzes the behaviour of individual consumers and producers, the determination of market prices for commodities and resources, and the role of government policy in the functioning of the market system. ECON 111/3.0 and ECON 112/3.0 are together equivalent to ECON 110/6.0.

Learning Outcomes

  1. Use the basic analytical principles and tools of modern economics to understand and assess observed economic phenomena, contemporary economic problems and government economic policies.
  2. Explain how resources are allocated and income is distributed in an economy.
  3. Describe and model the behaviour of economic agents, including households, firms and governments, and explain how these behaviours affect the determination of prices and quantities in individual markets for commodities and resources.

Topics

PART I: INTRODUCTION
  • Economic Issues and Concepts
  • How Economists Work
  • The Gains from International Trade
PART II: SUPPLY AND DEMAND APPLICATIONS
  • Demand, Supply, and Price
  • Elasticity
  • Markets in Action
PART III: HOUSEHOLD DECISIONS
  • Consumer Behaviour
  • Supp. Chapter Other Household Decisions
PART IV: PRODUCER THEORY
  • Producers in the Short Run
  • Producers in the Long Run
PART V: OUTPUT MARKETS
  • Competitive Markets
  • Monopoly
  • Imperfect Competition and Strategic Behaviour
  • Economic Efficiency and Public Policy
PART VI: THE GAINS FROM TRADE REVISITED
  • The Gains from International Trade
  • Trade Policy
PART VII: INPUT MARKETS
  • How Factor Markets Work

Terms

Winter 2023
Course Dates
Exam Dates
Delivery Mode
Online

Evaluation

6 Online Quizzes  - 25%

3 Written Assignments (Best 2 of 3) - 15%

Proctored Final Exam - 60%

Note: Students will need to pass the final exam in order to pass the course.

*Evaluation Subject to Change*

Live Sessions

This course has optional live sessions (e.g. webinars, synchronous activities).

Proctored Exams

If a student is enrolled in ONLY online courses (section 700), they may choose either of the following options to write the exam:

  • Write the final exam online: you will write in onQ with Examity proctoring. A $100 online exam fee will be charged to your SOLUS account.  
  • Write the final exam in-person: you will write on Queen’s campus in Kingston. You will not be charged an extra fee to write on campus. 

If a student is enrolled in ANY in-person courses (section 001, 002, etc), you MUST write all your final exams in-person on Queen’s campus, including for an online course. You may not choose to write your exams online. 

Location and Timing of Final Exams

Once the exam schedule has been finalized the exam date will be posted on your SOLUS account. The exam dates for each Term are listed in the Academic Calendar. Student exam schedules for the Fall Term are posted via SOLUS immediately prior to the Thanksgiving holiday; for the Winter Term they are posted on the Friday before Reading Week, and for the Summer Term they are individually noted on the Arts and Science Online syllabi. Students should delay finalizing any travel plans until after the examination schedule has been posted. Exams will not be moved or deferred to accommodate employment, travel/holiday plans or flight reservations.  
 

Instructor Information

Nam Phan (nvp@queensu.ca)

Textbook and Materials

ASO reserves the right to make changes to the required material list as received by the instructor before the course starts. Please refer to the Campus Bookstore website at http://www.campusbookstore.com/Textbooks/Search-Engine to obtain the most up-to-date list of required materials for this course before purchasing them.

Course Notes

Students will obtain their lesson notes, assignments, and any supplementary material from the course onQ site beginning the first day of term.

Required Textbooks

All the required readings for the course are contained in the textbook and its related website MyEconLab:

  • Microeconomics, 16th Canadian Edition, with MyLab Economics Access Code by Ragan, Christopher

Included with your text is a subscription to the MyEconLab site. This site contains many exciting features including self-testing facilities, video links, and a complete e-book.

This textbook has proven itself for many years and in many countries to be one of the best first year economics texts. It contains all of the material presented in a modern form with superb diagrams to aid the learning process.

Time Commitment

A course such as this on campus would have three lecture hours per week, usually with an assignment to follow. Students can expect to spend, on average, about 10 - 12 hours per week (120 hours per term) on the course.

Summer (May–July) 2023
Course Dates
Delivery Mode
Online

Evaluation

6 Online Quizzes  - 25%

3 Written Assignments (Best 2 of 3) - 15%

Proctored Final Exam - 60%

Note: Students will need to pass the final exam in order to pass the course.

*Evaluation Subject to Change*

Live Sessions

This course has optional live sessions (e.g. webinars, synchronous activities).

Proctored Exams

If a student is enrolled in ONLY online courses (section 700), they may choose either of the following options to write the exam:

  • Write the final exam online: you will write in onQ with Examity proctoring. A $100 online exam fee will be charged to your SOLUS account.  
  • Write the final exam in-person: you will write on Queen’s campus in Kingston. You will not be charged an extra fee to write on campus. 

If a student is enrolled in ANY in-person courses (section 001, 002, etc), you MUST write all your final exams in-person on Queen’s campus, including for an online course. You may not choose to write your exams online. 

Location and Timing of Final Exams

Once the exam schedule has been finalized the exam date will be posted on your SOLUS account. The exam dates for each Term are listed in the Academic Calendar. Student exam schedules for the Fall Term are posted via SOLUS immediately prior to the Thanksgiving holiday; for the Winter Term they are posted on the Friday before Reading Week, and for the Summer Term they are individually noted on the Arts and Science Online syllabi. Students should delay finalizing any travel plans until after the examination schedule has been posted. Exams will not be moved or deferred to accommodate employment, travel/holiday plans or flight reservations.  

Instructor Information

Rajni Dogra (rd95@queensu.ca)

Textbook and Materials

ASO reserves the right to make changes to the required material list as received by the instructor before the course starts. Please refer to the Campus Bookstore website at http://www.campusbookstore.com/Textbooks/Search-Engine to obtain the most up-to-date list of required materials for this course before purchasing them.

Course Notes

Students will obtain their lesson notes, assignments, and any supplementary material from the course onQ site beginning the first day of term.

Required Textbooks

All the required readings for the course are contained in the textbook and its related website MyEconLab:

  • Microeconomics, 16th Canadian Edition, with MyLab Economics Access Code by Ragan, Christopher

Included with your text is a subscription to the MyEconLab site. This site contains many exciting features including self-testing facilities, video links, and a complete e-book.

This textbook has proven itself for many years and in many countries to be one of the best first year economics texts. It contains all of the material presented in a modern form with superb diagrams to aid the learning process.

Time Commitment

A course such as this on campus would have three lecture hours per week, usually with an assignment to follow. Students can expect to spend, on average, about 10 - 12 hours per week (120 hours per term) on the course.