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Principles of Microeconomics

Department of Economics
Course Syllabus: EC 102 Online
Principles of Microeconomics


Office Hours:


Taeko Nakashima (Fukuda), Ph.D.

TBA (Armitage Hall – 332)

taeko.fukuda@rutgers.edu, tae@sfc.keio.ac.jp

(Email contact is strongly preferred; Please use your Rutgers email and always mention the course number in your mail. During the weekdays, I normally respond within 48 hours. If you do not hear back within 48 hours, please send a follow-up email.) 

 For Technical Assistance – Sakai, Contact: 848-445-8721


Course Goals

This course introduces the fundamentals of Microeconomics. Starting from the basic ideas of tradeoffs, opportunity cost, and the benefits of trade, we will study how the market forces of supply and demand cause prices to be what they are. You will learn the basics of economic models that are designed to explain certain microeconomic phenomena and problems.

By the end of the course, you will be able to understand introductory microeconomic theory, solve basic microeconomic problems, and use these techniques to think about a number of policy questions relevant to the operation of the real economy.

Teaching Methods

PowerPoint Slides; Discussion Forums; Internet Resources, Streaming Videos


Self-discipline in meeting deadlines, persistence in working through problems independently, and ability to communicate effectively through the written word at the undergraduate level in the online environment. 


  1. Gregory Mankiw, Principles of Microeconomics, 7th Edition. 2014
    (Buy with access code to Aplia)

Grade Components and Final Grade Calculation

Your grade in the course will be determined as follows:

Assessment Component

Weight in percent

Quizzes (3)

Midterm exam

Final exam

Online Homework

Student Discussion Forums (4)

15% (5% each)




20% (5% each)


There will be 3 quizzes comprising 15% of your course grade. Quiz 1 will be at the end of week 5 on Chapters 4, 5 and 6. Quiz 2 will be at the end of week 11 on Chapters 13 and 14. Quiz 3 will be at the end of week 14 on Chapters 15, 16 and 17. In week 8, there will be a Midterm on Chapters 4, 5, 6, 7, 10 and 11 comprising 20 % of your course grade. In week 16, there will be a Final Exam on Chapters 13, 14, 15, 16, 18 and 20 comprising 25 % of your course grade.

20% of your grade will be based on your online homework, which will be assigned almost every week. In order to complete your online homework, quizzes, Midterm and Final Exams, you will need to gain access to Aplia. The following are options to gain access to Aplia for doing your online homework.

  1. Buy paperback textbook with package – Aplia
    ISBN: 9781285165905
  2. Buy e-textbook with package – Aplia
    ISBN: 9781285165905
  3. Buy loose leaf version with package – Aplia
    ISBN: 9781305135444 

Every online assignment will be open for at least 7 days. After the due date you can no longer access your online assignments. In order to register to Aplia you will need the Course ID.

In all, there will be 4 Student Discussion Forums. In week 3, week 6, week 12 and week 14 the Student Discussion Forums will be open on Sakai. The initial post of the discussion forum must be submitted on Friday by 11:59 PM of the respective week. Two reaction posts are due on Sunday by 11:59 PM. The rules of the Student Discussion Forum will be explained in detail on Sakai. I may be making some additional posts throughout the semester, but you do not have to respond. However any reactions or responses are always welcomed.

Most importantly, all assignments are time sensitive. Hence, students are advised to log in to both Sakai and Aplia at least once a day. 

Letter grades for the entire course will be assigned as follows:

Final Grade Rubric








   B +


90 – 100

85 – 89.99

80 – 84.99

    C +



75 – 79.99

70 – 74.99

60 – 69.99


0 – 59.99


Course Policies
Missed Examinations and / Assignments   

There will be no make-up tests under any circumstances! If you miss a test, the test will be scored as a “zero”.

Academic Violations

I follow a policy of zero tolerance for violations of standards of academic conduct. Please refer to the following document on Rutgers Academic Integrity Policy


Disability Statement

“Rutgers University welcomes students with disabilities into all of the University’s educational programs. In order to receive consideration for reasonable accommodations, a student with a disability must contact the appropriate disability services office at the campus where you are officially enrolled, participate in an intake interview, and provide documentation:

https://ods.rutgers.edu/students/documentation-guidelines. If the documentation supports your request for reasonable accommodations, your campus’s disability services office will provide you with a Letter of Accommodations. Please share this letter with your instructors and discuss the accommodations with them as early in your courses as possible. To begin this process, please complete the Registration form on the ODS web site at:





Subject – Topic?

Reading: Textbook (mandatory)


Week 1

Ten principles of Economics

Interdependence and the Gains from Trade

Textbook: Chapter 1&3 Appendix Ch. 2

HW: Chapters 1&3

Appendix Ch. 2


Week 2

The Market Forces of Supply and Demand

Elasticity and Its Application

Textbook: Chapter 4&5

HW: Chapter 4

Week 3

Supply, Demand, and Government Policies

Textbook: Chapters 6

HW: Chapters 5

Discussion Forum 1

Week 4

Textbook: Chapters 4, 5 and 6

HW: Chapters 6

Week 5

Consumers, Producers, and the Efficiency of Markets


Textbook: Chapters 7&10

Quiz 1: Chapters 4, 5 and 6

Week 6

Public Goods and Common Resources

Textbook: Chapters 11

HW: Chapters 7

Discussion Forum 2

Week 7

Textbook:  Chapters 4 ,5, 6, 7, 10,11 

Chapter 10&11


Week 8

The Costs of Production, Firms in Competitive Markets

Textbook: Chapters 13& 14

Midterm Exam:

Chapters 4,5, 6, 7, 10and 11

Week 9

Monopoly, Monopolistic Competition

Textbook: Chapters 15 & 16

HW: Chapters13&14

Week 10

Textbook: Chapter11,12

HW: Chapters15&16

Week 11


The Markets for the Factors of Production

Textbook: Chapter 17&18

Quiz 2: Chapters 13 &14

Week 12

Textbook: Chapters 15,16,17

HW: Chapter 18

Discussion Forum 4

Week 13

Thanksgiving Break


Week 14

Earnings and Discrimination

Textbook: Chapter 19

Quiz 3: Chapters 15, 16

Week 15

Income Inequality and Poverty

Textbook: Chapter 20

HW: Chapter 20

Close Conversation

Week 16

Textbook: Chapters 13though 20

Final Exam: Chapters 13, 14, 15, 16, 18, and 20