Course Syllabus – Fall 2024

A. Course Information
Course Number ECO 201
Course Name Microeconomics
Section 22
Credit Hours 3
Department Department of Economics
Campus Beirut
TR 3:30 P.M. - 4:45 P.M.
Meeting Time and Place
AKSOB 0904
Number of Hours per
week
Tutorial Lab Hours 0
This course is an introductory course dealing with the nature and scope of
Course Description economics, consumer behavior, theory of the firm, price determination, and
allocation of resources.
Prerequisites None
B. Instructor Information
Instructor Name Nora El- Baba
Office Location AKSOB 1607
Telephone Extension

Email [email protected]
Office Hours Tuesday at 4:45 P.M.
C. Textbooks and Content Coverage
Required Textbook(s) Principles of Economics, by Case, Fair and Oster, Twelfth Edition,
1
Pearson.
D. Goals, Outcomes and Learning Methods
The School of Business at LAU follows processes to assess and evaluate how well the school accomplishes its program
educational goals and learning outcomes. These measures assist departments and faculty members to continuously improve
programs and courses.
Program Learning 1. The graduate will have essential knowledge of various disciplines in business.
Goals 2. The graduate will possess problem solving capabilities.
BS in Business
1. The graduate will possess knowledge of core economic principles, theories and
BS in Economics quantitative tools.
2. The graduate will have the ability to use economic analysis for the solution of business
and organizational problems.
LAU School of Business | Course Syllabus 2

3. The graduate will have an understanding of the workings of economic policy

instruments and objectives, and the linkages between the public sector and the private
economy.

Program Learning
Outcomes BS Business:
This course will be used 1.1 The graduate will demonstrate essential knowledge acquired in the field of
towards fulfilling the
following program
economics.
learning outcomes. 2.1: The graduate will be able to propose a solution to a business problem using
quantitative and/or qualitative reasoning.
BS Economics:
1.1: The graduate will be able to demonstrate knowledge of key economic
principles and theories of the macro and micro dimensions of market economies.
1.2: The graduate will be able to express economic relationships using graphical
and mathematical tools, and to empirically examine such relationships using
regression methods.
2.1: The graduate will be able to propose a solution to a business or economic
problem using qualitative and quantitative reasoning.
3.1: The graduate will understand the social and ethical/moral dimensions of
economic theory and policy.

 Analytical thinking (able to analyze and frame problems)

General Skills
 Reflective thinking (able to understand oneself in the context of society)
This course will contribute  Application of knowledge (able to translate knowledge of business and
to developing the
following: management into practice)
General Business and
Management  Economic, political, regulatory, legal, technological, and social contexts of
Knowledge Areas organizations in a global society
This course will contribute  Systems and processes in organizations, including planning and design,
to developing knowledge production/operations, supply chains, marketing, and distribution
of the following:
 Group and individual behaviors in organizations and society
 The economic problem that faces individuals and society as a whole
 The main tools of economic analysis, such as demand and supply
 The characteristics of different market structures, and the shortcomings of the
market system

Teaching Methodology The course will be taught through lectures and problem solving sessions at the end
of each chapter. The assigned problems should be attempted prior to being
discussed in class. These problem-solving sessions will be especially relevant in
determining the participation grade for each student. You are expected to regularly
bring the text to class.
Previous exams as well as additional problems are available on e-reserve.
The password to the e-reserve is “Flynn”.

Required Technology
Skills Regularly check the course Blackboard page.
LAU School of Business | Course Syllabus 3

E. Performance Evaluation

2 Exams (30% on each) 60%

Final Exam (Comprehensive, and

35%
includes a 5% assessment)

Attendance & Class Participation 5%

Total 100%

University Grade Quality Points Guidelines over 100

Grading Scale A 4  90
A letter grade will A- 3.67 87 - 89
be determined
B+ 3.33 83 - 86
based on the
University grading B 3.0 80 - 82
scale, as follows: B- 2.67 77 - 79
C+ 2.33 73 - 76
C 2 70 - 72
C- 1.67 67 - 69
+
D 1.33 63 - 66
D 1 60 -62
F 0  59
LAU School of Business | Course Syllabus 4

Week Material Covered / Chapter Title

Aug. 29 Ch. 1: The Scope and Method of Economics
Sept 3 Ch. 2: The Economic Problem: Scarcity and Choice
(+Ch. 16: Externalities, Public Goods, and Social Choice, pp. 362-
3; 365; 375)
Sep. 10 Ch. 3: Demand, Supply, and Market Equilibrium
Sep. 17 Ch. 4: Demand and Supply Applications

Sep. 26 EXAM 1

Oct. 1 Ch. 5: Elasticity

Summary
of Topical
Oct. 15 Ch. 6: Household Behavior and Consumer Choice
Coverage:

Oct. 22 Ch. 7: The Production Process: The Behavior of Profit-Maximizing

Firms

Oct. 29 Ch. 8: Short-Run Costs and Output Decisions

Nov. 5 EXAM 2
Nov. 7 Ch. 9: Long-Run Costs and Output Decisions
(+Ch. 10: Input Demand: The Labor and Land Markets, pp. 247-
50)

Nov. 14 Ch. 13: Monopoly and Antitrust Policy

Nov. 21 Ch. 14: Oligopoly
Nov. 28 Ch. 15: Monopolistic Competition

FINAL EXAM (TBA)

Last day of classes: Dec. 6, 2024

Deadline for withdrawal from the course with a “WI” grade: Oct. 3, 2024

Deadline for withdrawal from the course with a “WP” or “WF” grade: Nov. 7, 2024

Fall 2024 final exams: Dec 6–19, 2024

LAU School of Business | Course Syllabus 5

F. Policies
Attendance Policy Students are held responsible for all the material presented in the classroom, even
during their absence. Makeup work and exams, if any, will be according to the
rules spelled out in the course syllabus.
Students can miss no more than two weeks of classes in any semester (one week
for summer term) excused and otherwise, in any course, and still receive credit for
that course.
Students who exceed the allowed number of absences must withdraw from the
course; otherwise, the course grade will be recorded by the instructor as F or NP,
depending on the type of grading in the particular course.
Make-Up Policy
Requests for approval of a make-up should be made within
Missing an Exam a week of the specified date of the exam. The requests will
be approved for medical situations only if the appropriate
medical excuse presented to the guidance office is deemed
valid by the instructor.
Lost session due to All lost sessions will be made up. The specific date and
instructor’s absence time will be determined by the instructor.

Withdrawal Policy WI (Early Withdrawal) indicates withdrawal from the course, after the Late
Registration Period and until the end of the 5th week of the Fall and Spring
semesters, and until the 10th day of the Summer modules. It has no quality
points. It does not count in the GPA, and no credits will be added to the
student’s record.
WP (Withdrawal Pass) indicates withdrawal from the course, after the 5th week
and until the end of the 10th week of the Fall and Spring semesters, and from
the 11th day of classes until 18th day of the Summer modules. It has no
quality points. It does not count in the GPA, and no credits will be added to
the student’s record.
WF (Withdrawal Fail) indicates withdrawal from the course, after the 5th week
and until the end of the 10th week of the Fall and Spring semesters, and from
the 11th day of classes until 18th day of the Summer modules. It has no
quality points. It does not count in the GPA, and no credits will be added to
the student’s record, but is counted as repeat.
A Withdrawal Form must be submitted to the Registrar’s Office.

G. Additional University Policies

Student Code of Conduct Refer to LAU’s website for the complete policy
https://catalog.lau.edu.lb/2019-2020/documents/student_code_of_conduct.pdf

Copyright laws Refer to LAU’s policy on Copyrights and Patents on the web or the academic
catalogue
https://www.lau.edu.lb/about/policies/copyright_patent_policy.pdf

Academic Dishonesty and Refer to the policy on academic dishonesty on LAU’s website
Plagiarism https://catalog.lau.edu.lb/2019-2020/documents/student_code_of_conduct.pdf
LAU School of Business | Course Syllabus 6

Policy on Incompletes Grade I indicates incomplete work. This grade is exceptionally given by the
Instructor when a student, with a valid excuse, did not sit for the final exam and/or
did not present the final project. Students will not be entitled to an I grade unless
they have a passing grade in the completed material throughout the course, and so
long as they have not exceeded the allowed number of absences. The I grade does
not count in the average and adds no credits to the student’s record.

Course Evaluation In order to improve the effectiveness of the educational process, all students are
expected to submit their course evaluations by the last day of classes. Students who
fail to complete the evaluation of all registered courses by the set deadline:
1. will not be able to access their course grades from Banner or Portal until two
weeks after the end of the final exams period; and
2. will not be able to request transcripts.
The anonymity of the process and the students will be maintained at all times.