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This microeconomics course is an introduction to macroeconomic analysis of the economy as a whole, including the determination of national income, the price level, interest rates, the money supply, and the balance of payments. The principles of monetary and fiscal policy are also examined. /3.0 and are together equivalent to /6.0.
There are two main branches in Economics: Microeconomics and Macroeconomics. Economics courses are commonly divided into two sections to deal with "Micro" and "Macro" separately. Microeconomics (the subject of this course) by its name suggests that it is primarily concerned with the smaller economic agents - the consumer, the producer, the buyer, the seller, inputs, outputs, etc. Macroeconomics, on the other hand, is primarily concerned with the larger economic agents – governments, taxes, national income, inflation, monetary and fiscal policy.
Whether you take Micro or Macro as your first course in economics will not hinder your understanding of the material. However, it is generally accepted that if one has a strong understanding of the micro concepts, one will have a stronger appreciation and awareness of macroeconomics; because macroeconomics is in a sense, the "summation" of microeconomics.
You will be required to complete the three Online Quizzes and a formal, supervised final examination to receive credit for the course.
The distribution of marks is as follows:
- Online Quizzes* (3 - 10% each) 30%
- Group Written Assignments** (best 1 out of 2) 10%
- Final Examination 60% (You must pass the final exam in order to pass the course.)
*The Online Quizzes will be posted to the course Moodle site.
** Students are encouraged to work in groups of up to 4 on the Written Assignments and to do a joint submission. However, individual submissions are also allowed. Details on group and individual submissions can be found on the course Moodle site.
50% (D-) is the passing grade
The formal, supervised final exam will consist of three parts: multiple choice, true/false/uncertain, and long answer questions. You are permitted to bring a non-programmable calculator to the final exam.
Students must write their exam on the day and time scheduled by the University. The start time may vary slightly depending on the off-campus exam centre. Do not schedule vacations, appointments, etc., during the exam period.
Included with your textbook is a subscription to the MyEconLab site. This site contains many exciting features including self-testing facilities, video links, and a complete ebook.
|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|
|Markets in Action|
|PART III HOUSEHOLD DECISIONS|
|Supp Chapter Other Household Decisions|
|PART IV PRODUCER THEORY|
|Producers in the Short Run|
|Producers in the Long Run (Omit the Appendix)|
|PART V OUTPUT MARKETS|
|Imperfect Competition and Strategic Behaviour|
|Economic Efficiency and Public Policy|
|PART VI THE GAINS FROM TRADE REVISITED|
|The Gains from International Trade|
|PART VII INPUT MARKETS|
|How Factor Markets Work|
Textbooks and Materials
CDS 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/SearchEngine/ to obtain the most up-to-date list of required materials for this course before purchasing them.
Students will obtain their lesson notes, assignments, and any supplementary material from the course Moodle site beginning the first day of term.
All the required readings for the course are contained in the textbook and its related website MyEconLab:
- Microeconomics, 13th Canadian Edition W/MyEconLab by Ragan and Lipsey
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. 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
- Study Guide to Accompany 13th Canadian Edition: Microeconomics, by Christopher Ragan, Richard G. Lipsey (The Study Guide is optional)
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 on the course.
Moodle is Queen's online learning platform. You'll log into Moodle to access your course. All materials related to your course—notes, readings, videos, recordings, discussion forums, assignments, quizzes, groupwork, tutorials, and help—will be on the Moodle site.
About Credit Units
Queen’s courses are weighted in credit units. A typical one-term course is worth 3.0 units, and a typical two-term course is worth 6.0 units. You combine these units to create your degree. A general (three-year) BA requires a total of 90 credit units.
To take an online course, you’ll need a good-quality computer (Windows XP/Vista/7, Pentium III, or Mac OS X 10.5, G4 or G5 processor, 256 MB RAM) with a high-speed internet connection, soundcard, speakers, and microphone, and up-to-date versions of free software (Explorer/Firefox, Java, Flash, Adobe Reader). See also Preparing For Your Course.
The deadlines for new applications to Queen’s are 1 April (for May summer term), 1 June (for July summer term), 1 August (for fall term), and 1 December (for winter term). All documents must be received by the 15th of the month following the deadline. You can register for a course up to one week after the start of the course. See also Dates and Deadlines.
Tuition fees vary depending when you start, your year, faculty, and program. Fees for 2013-14 first-year Distance Career Arts & Science Canadian students are as follows: for a 3.0-unit course, $597.70; for a 6.0-unit course, $1195.40. See also Tuition and Payment.
All textbooks can be purchased at Queen’s Campus Bookstore.
All Queen’s Arts and Science Online courses are open to students at other universities. Before applying as a visiting student, request a Letter of Permission from your home university that states that you have permission to take the course and apply it to your degree. See also Apply.
Please see Queen’s policy statement on academic integrity for information on how to complete an online course honestly.