Major emphasis is given to how individual consumers, firms, and resource suppliers decide how much to produce and spend, and how prices are determined. The role of the government, and its affect on the market will also be examined. Class participation grade requires regular attendance or active Participation. Attendance is taken at the beginning of the class period. If you are late you may not get credit for attendance.
Some material is presented only in the class lectures.
The format of the exams will be discussed in class. Any exams missed on the assigned exam days must be made up on the very next class meeting and must have prior approval. The exams dates could be changed if the class needs additional time to master the material. A week s notice is given in class as to exact date. During the semester five homework problems will be assigned.