TEMPLE UNIVERSITY

DEPARTMENT OF ECONOMICS

Instructor: Professor Simon Hakim

Ritter Annex R-815, Telephone (215) 204-5037

E-mail: shakim@sbm.temple.edu

Microeconomic Principles (Econ co52 section 005)

Main Campus, MWF, 12:40-1:30PM . Office hours: Monday or Wednesday 10:00-11:30AM

Or by appointment.

Text: David Colander Microeconomics, Irwin, McGrawHill, N.Y., N.Y. 4^th edition, 2001.

Required reading: Friedman, Milton and Rose, Free to Choose, Avon Books, New York.

Work Book: Copeland, Douglas, Student Workbook for use with Microeconomics, 4^th edition, 2001. Instead, you may be able to use the Internet with a special card that provides free access for 6 months. Discover Econ 0072462809.

Optional: Salvatore, Dominick, Eugene Diulio, Principles of Economics, Schaum's Outline, McGraw Hill, N.Y., New York.

Exams:

. First exam: Chapters 1-7. Second exam: Chapter 8-10. Third exam: Chapter11-13. Each exam will include material, which was covered since the earlier exam. Exams include:

-- The material from the text and the instructor's lectures.

-- End of chapter and study guide questions.

-- Current economic issues.

The last test includes additional questions from Friedman's book.

Additional requirements:

It is recommended that students read in advance the chapters of the week and solve end of chapter questions on the weekend before the Tuesday and Thursday classes. After class, students should concentrate on solving questions from the study guide. The entire book by Friedman should be read. Questions on the book will be part of the final exam. It is recommended to start reading the book in the beginning of the semester and take notes.

The instructor will notify at the end of each class about the chapter (s) in the book and additional readings required for the next class. Students are required to cover the material and answer in writing all ends of chapter and study guide questions. At the beginning of each class, students are encouraged to raise questions pertaining to unclear information for discussion.

Students are required to read the book by Friedman. Questions on the book will be included in the final exam. Students are highly recommended to start reading the book at the beginning of the semester. In the last week of classes we will discuss the book by Friedman, and the privatization of state and local services. Each student will be assigned a chapter in the book which he/she will make a 15 minute presentation and will lead the discussion on the subject.

At the beginning of each class, we will spend 10 to 15 minutes discussing a current economic topic and its relation to economic theory. Students are requested to read an economic newspaper and/or magazine on a regular basis, and present description and analysis of such economic news. The instructor will make arrangements for special subscription to the N.Y. Times. All students are required to prepare a presentation every week of a current economic event. The instructor will take the liberty of asking students to present a current event. Lack of preparations will yield a poor grade. Even though, class attendance is not required, lack of participation in class activities will be taken into consideration in the final grade. The grade in the course will be composed of the entire performance of the student.

Students are requested to be in the room before class starts. It is very disturbing when students enter late. Also, please refrain from bring food to class. Beverages are allowed.

Composition of grade:

Exams 60 Percent

Presentation of economic news 15

Participation in class, and written assignments 15

Presentation of a topic from Friedman's book 10

Total 100

Topics and Chapters covered in class: Chapters 1 through 13 and the book by Milton and Rose Friedman, Free to Choose.