The "Father of Modern Utility Theory" London, England Intermediate Microeconomics
ECO 221
Syllabus: Fall 2008
Section 1: 9:00-9:50am MWF
Section 2: 10:00-10:50am MWF
Required Text: Managerial Economics and Business Strategy, 5th ed. or 6th ed., Michael Baye.
| The "Father of Modern Utility Theory" London, England |
Schedule of Activities, Fall 2008
Homework Problems and Dates
Selected textbook solutions will be posted in the Library Reserves. See below
for details on accessing these solutions.
Possible Pricing Interview Questions: As you prepare for your pricing interview with a local business manager, consider some of the following questions to structure your interview. These questions are not all encompassing and should be amended according to the business and product discussed. Use these questions as an outline only, and add your own questions and thoughts prior to the interview.
Pricing Paper: General guidlines to consider when preparing your interview and paper.
Announcements:
Test 3 is scheduled for Monday, November 24th. The Q&A session for the third exam is scheduled for Friday, November 21st at noon in L-203. Please come prepared with questions from chapters 9 and 11. Material from the pricing presentations will also be included on this exam, so contact your classmates with any additional questions and refer to chapter 8 for market models and pricing strategies included in the presentations but not analyzed in current text chapters.
Textbook Solutions
Selected textbook solutions will be posted in the
library reserves following the homework assignment due date. Please check the
reserves following each assignment.
Directions:
1. Go to
http://petrelnet.oglethorpe.edu/.
2. Login with your Oglethorpe username and password.
If you do not know your username and password or have difficulties with them,
contact the Helpdesk in Network Services/Information Technologies Services
(404-364-8518) for that information. Don't forget that you will be
prompted for your full email address.
3. Click on 'Library Reserves'.
4. Scroll down to 'Copeland' and choose the "ECO 221 F08" file for selected solutions.
Practice Questions for the Appendices
Practice Problems: Connections in Ch. 2 (Test 1) Solution
Practice Problems: Ch. 4 (Test 1)
Solutions
Practice Problems Ch 5 (Test 2)
Solutions
Practice Problems Ch 11 (Test 3)
Solutions
Test Reviews
The review sheet is simply a list of terms or concepts that are associated with formulas and problems that have been introduced in ECO 221 prior to the exam. You are responsible for understanding, defining, solving, and/or graphing in each of these areas. Refer to the suggested problems, homework, and in-class assignments for examples of each concept and its accompanying problems.
Review Test 1
Review Test 2
Review Test 3
Web Links to Concept Reviews and More Practice Questions
Ch 1: Microeconomic Graphing and Math:
Ch 2: Demand and Supply: http://hadm.sph.sc.edu/Courses/Econ/SD/SD.html
Ch 3: Demand: http://hadm.sph.sc.edu/Courses/Econ/Demand/Demand.htm
Elasticity I: http://hadm.sph.sc.edu/Courses/Econ/Elast/Elast.html
Elasticity II: http://hadm.sph.sc.edu/Courses/Econ/Elas2/Elas2.html
Ch 4: Utility and Demand: http://www.economics.ltsn.ac.uk/archive/poulter/ ; www.digitaleconomist.com/co_tutorial.html ;www.digitaleconomist.com/micro_gif.html
Ch 5: Production: http://www.digitaleconomist.com/po_tutorial.html
Ch 5: Costs: http://hadm.sph.sc.edu/Courses/Econ/Cost/cost.html
Ch 5: Marginal Cost and Optimal Output Rule: http://hadm.sph.sc.edu/Courses/Econ/MCost/Mcost.html