Sirindhorn International Institute of Technology Thammasat University Academic Program: Management Technology Teaching Program Course Title: Prerequisite:

Lecturer: MTS 251 Resource Economics None Dr. Boonyarat Samphanwattanachai Weekday Tuesday Section 2 13:30-17:20 @ BKD 3207 Semester/Year Office Hours Friday Section 3 13:30-17:20 @ BKD 3207 2/2011 By Appointment

Time of Lecture

Objectives: 1. To give students a thorough understanding of the principles of economics that applies to the decisions of individuals--both consumers and producers--within the larger economic system. 2. To present an introductory overview of the problem of decision taking in Economics 3. To provide the basic Microeconomic Analysis instruments 4. To acquire the necessary skills to analyze certain economic aspects Course Description: Microeconomics is a branch of Economic Theory that attempts to explain the behaviour of individual economic agents, consumers and producers, as well as the way in which these act in given markets. Required Textbook Robert S. Pindyck and Daniel L. Rubinfeld (2008), Microeconomics, 7th Edition, Prentice Hall Instructors Email boonyarats@gmail.com

Course Schedule Weeks 1 - 2 Part I: Introduction to Economics Tools for Mathematical Analysis Economics Way of Thinking Production Possibilities, Opportunity Cost and Economics Growth Weeks 3 - 7 Part II: Microeconomics Fundamentals Market Demand and Supply Price Elasticity of Demand and Supply Consumer Choice Theory Production Cost Weeks 8-10 Part III: Market Structures Perfect Competition Monopoly Monopolistic Competition and Oligopoly Weeks 11-12 Part IV: Microeconomics Policy Issues Environmental Economics
Please

note that all materials and contents may be modified. Any changes will be announced in class.

Course Evaluation: Two Quizzes Attendance and Participation Mid-term Examination Final Examination 20% 10% 30% 40%

Exams All quizzes and exams are closed book. Non-graphics calculators and dictionary may be used on all quizzes and exams. Quiz dates will be announced later in class. Attendance Attendance is EXPECTED! Attendance will be recorded. You are expected to be on time to class. Coming to class late, leaving early, or completing other task during class (i.e. sleeping, working on assignments for other classes, reading newspaper, magazine, texting, etc) will be counted as absence. Only students with TU uniform are allowed to enter the classroom. If you miss a class or are late, you are still responsible for all materials covered and assignments due. Assignments will NOT be accepted late; Plan accordingly! Please pay special attention to the following "ground rules" for this course: Rule #1. Helping one another understand general concepts and procedures is encouraged. But, helping one another with the specifics of a take-home assignment/homework constitutes academic dishonesty and will be punished accordingly.

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Rule #2. Failure to take an exam/quiz as scheduled will result in a "zero" Rule #3. Any student having a legitimate reason for missing an exam or turning in work late must obtain the instructors approval in advance, i.e., simply failing to show up, calling the Department office and leaving a message, or talking with the secretary is not sufficient. Academic Integrity I assume that anything turned in with your name on it is your own work. Each time you submit a quiz, homework assignment, etc, you affirm the honor pledge, I have neither received unauthorized aid nor given aid on this assignment. The minimum penalty for cheating is a grade of zero on the assignment; violators may be reported, which can impose additional sanctions. Other Cell phones, mp3 players, laptops, and other such devices should be turned off before class starts! Class time is for class; it is not for sleeping, talking, reading newspaper and magazine, or other distractions. The best way to pass this class is to come, pay attention, review, and complete all work. I work hard for you and expect you to do the same for yourself! Expectations What you can expect from me: 1. Respect 2. You can expect thoughtful well-prepared lectures 3. Your assignments will have meaning and purpose 4. You will get tough but fair exams 5. You can expect me to be available when possible to help you. I want you to do well What I expect from you: 1. Respect, Respect, and Respect 2. Attend class everyday - Be on time! 3. Keep up with the material and assignments 4. Ask questions!!! 5. Be responsible for your own learning NO WORK = NO Credit! NO credit for incorrect work leading to a correct answer If I cannot read your work, or if no work is provided, it will be counted as incorrect! These rules apply to all quizzes, assignments, and exams

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Attendance and Participation (10%) Everyone will begin with 50 points for professional conduct and attendance. Students are allowed to miss up to 4 classes. You will be deducted 5 points for each class you missed more than four classes. Those students who miss more than 9 classes will not be allowed to take the final exam. Absence due to illness or unexpected circumstances may be excusable depending on the instructors judgment. (An official proof is required). The proof must be submitted to the instructor within one week after the absence. Students must dress appropriately according to the university regulation. Failure to comply will result in a 5 points penalty. Students must be in the classroom before the instructor arrives. Ten minutes after the instructor walks in, the door(s) will be locked and will remain locked until the class is over. All communication devices must be turn off or turn to silent mode before the class started. Chatting with friends in the classroom is strongly discouraged. Any violation will receive 5-point penalty. In case of questions, ask the instructor. Violation of the class rules will result in point deduction. o Improper dress 5 points o Using mobile phone 5 points o Talking 5 points o Sleeping 5 points o Restroom visit (unless emergency) 5 points Other improper behavior will be penalized based on the instructors discretion. The instructor has the right to conduct her lectures without disruption. Students also have the right to learn without being bothered. Outrageous behavior will not be tolerated and the offending student will be asked to leave the classroom. Examples of unacceptable behavior are: talking loudly that it disrupts the class, shouting at the instructor or at any student, always coming in late, use of abusive language directed at either the instructor or students.

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