Intermediate Microeconomic Theory

Student Learning Outcomes, Goals, Objectives:

Students successfully completing this course will be able to:

• Explain how income, prices, and preferences affect the decisions of a single consumer and total market demand.

• Explain how inputs and production technologies affect the decisions of a single firm and total market supply.

• Describe the market configurations of perfect competition and monopoly and determine their effects on quantity and price.

• Describe common systematic departures from rational economic decision making.

Course Grading Information:

Activity/Performance Measure	Percentage/Points
Macmillan Achieve activities	10%
Canvas activities	10%
Homework	20%
Exams (4 exams at 15% each)	60%

Student performance will be assessed through learning activities in Canvas and Macmillan Achieve, homework, and exams.

Grading Scale

Percentage	Letter Grade
94% and above	A
90% to <94%	A-
87% to <90%	B+
84% to <87%	B
80% to <84%	B-
77% to <80%	C+
74% to <77%	C
70% to <74%	C-
67% to <70%	D+
64% to <67%	D
60% to <64%	D-
less than 60%	F

Grades may be curved at the instructor’s discretion to better align the distribution of student scores with the information carried by letter grades.

Attendance/Participation:

Attendance/participation is not a graded component included in the student's final grade for this course.

Course Materials Purchased by the Students:

• Microeconomics (4th edition) by Austan Goolsbee, Steven Levitt, and Chad Syverson.

• Macmillan Achieve.