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Econ3010 -A01: Microeconomic Theory 2
University of Manitoba, Department of Economics

Fall Term, 2020

Instructor: Professor Hikmet Gunay.

E-mail: Hikmet.Gunay@umanitoba.ca

Tel: 474-8915.

Office: 511 Fletcher Argue Building. Offices are closed due to covid 19.

Office Hours: Tuesdays 6.50:pm -7:40 pm. We will use Cisco Webex or ZOOM for online office hours. If you have a valid reason for not being able to attend my office hours, I will give you an appointment at a mutually acceptable time. There will be no office hours during the Midterm Break in November.

Teaching Assistant: Michael Apata. Office Hours: Online Mondays 3:00 pm to 4:30 pm. E-mail: apatam@myumanitoba.ca

Optional Textbooks: There is no required textbook. We will use lecture notes. I do not post lecture notes, and you cannot record the lectures or course content in any format as they are copyrighted.

Course Day, Hours, and Location: TTH 4.00 pm -5.15pm. We use Cisco Webex for online lectures. You can access via course website on UMLEARN.

Course Description and Objective

We start with a review of some mathematical concepts and competitive markets. Then, we study market structures such as monopoly and oligopoly by using calculus and game theory. We also discuss firms' bundling (e.g., Microsoft does not sell Word as a single software but bundles it with Excel and Power Point) and price discrimination practices (e.g., Air Canada sells first class and economy class tickets). Finally, we study Edgeworth Box to understand why exchanging of goods is beneficial to the society. The objective of the course is to provide a basic foundation of microeconomic theory by using calculus. This course also provides a background for the other upper-level courses such as industrial organization and labor economics.

Students are expected to know basic algebra, a good understanding of calculus, and the content of Econ 2010.

Grading Scheme: Evaluation of student performance in the course is based on the following table. There is no final examination.

Weight

Date/Deadline

In-class presentation

40 per cent

In November. Each student will make a presentation in class for 3 to 5 minutes on an assigned topic. Exact dates will be provided later.

Mid-term Test

40 per cent

Nov 3

Quiz

20 percent

Dec 10

There will be some assignments, which will not be graded.

Grade conversion will be:

A+ 100-94, A 93.9-87, B+ 86.9-79, B 78.9-72, C+ 71.9-65, C 64.9-60, D 59.9-55, F 54.9-0

I will give you information about in-class presentation during the first lecture.

I reserve the right to change the grade conversion if it will be beneficial to some students.

Evaluative feedback will be provided by the voluntary withdrawal deadline, which is November 23, 2020. By then, you will learn your midterm grade, which is 40 percent of your grade.

Students appealing any term work (including any tests, assignments, quizzes etc.) whether it be an informal or formal appeal must appeal their term work within 10 working days of receiving their mark.

In keeping with UM policy, any term work that has not been claimed by students will be held for four months from the end of the final examination period for the term in which the work was assigned. At the conclusion of this time, all unclaimed term work will be destroyed according to FIPPA guidelines.

All final grades are subject to departmental approval.

UMLEARN: You have to check the course webpage on UMLEARN regularly for announcements, grades etc. More importantly, you have to use it to access online lectures.

Copyright and ownership of course content

Lectures are copyrighted by Hikmet Gunay, 2020. No audio or video recording of the lectures, or presentations is allowed in any format, openly or surreptitiously, in whole or in part without permission of Hikmet Gunay. Course materials (both paper and digital) are for the participant’s private study and research, and must not be shared. Violation of these and other Academic Integrity principles, will lead to serious disciplinary action.

Policy on Make-up Exams and Late Assignments: Students who are unable to meet a course requirement due to medical circumstances are currently not required to submit medical notes. However, students are required to contact their instructor and academic advisor by email to inform of the missed work and to make arrangements for extensions, deferrals, or make-up assignments. Please follow these guidelines if you are unable to meet an academic requirement for your courses. - Contact your instructor for term work such as a class, quiz, midterm/test, assignment, presentation Email your instructor/advisor from a U of M email address, and include your full name, student number, course and section number, and academic work that was missed. You must inform the course instructor no later than 24 hours after missing the course requirement. If not, you must have an explanation in writing of why you could not inform the instructor within 24 hours.

Academic Dishonesty: It is my sincere hope that no student in this class will cheat. However, if you do so, this will be taken seriously and you will be punished according to the university rules. Students should acquaint themselves with the University’s policy on plagiarism, cheating, exam personation, and “Plagiarism and Cheating” and duplicate submission by reading documentation provided at the Arts Student Resources web site at

http://www.umanitoba.ca/faculties/arts/student/index.html

and/or

http://umanitoba.ca/faculties/arts/student_resources/student_responsibilities_integrity.html

Students should acquaint themselves with the University’s Student Discipline Bylaw and related Procedures on academic found in the Academic Calendar of the current year. Ignorance of the regulations and policies regarding academic integrity is not a valid excuse for violating them.

The common penalty in Arts for academic dishonesty on a test or examination is F for the paper, F (DISC) for the course, and a one-year suspension from courses acceptable for credit in the Faculty. For more serious acts of academic dishonesty on a test or examination, such as repeat violations, this penalty can also include suspension for a period of up to five years from registration in courses taught in a particular department or program in Arts or from all courses taught in or accepted for credit by this Faculty.