Compiler Press'

Elemental Economics

Not Accounting, Not Business, Not Commerce, Not Mathematics  - Economics  






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Competitiveness of Nations

Cultural Econometrics

Cultural Economics

Elemental Economics

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Dr. Harry Hillman Chartrand, PhD

Cultural Economist & Publisher

Compiler Press


215 Lake Crescent

Saskatoon, Saskatchewan

Canada, S7H 3A1

Curriculum Vitae


Launched  1998




Econ 111.01 & 111.03

Fall 2017-18

Instructor: Dr. Harry Hillman Chartrand, PhD

Class Time & Location:

Econ 111.01, Tuesday & Thursday, 8:30-9:50 am, Arts 241

Econ 111.03, Monday, Wednesday & Friday, 2:30-3:20 pm, Arts 143

Phone: n.a.



Office Hours: By Appointment

Tutorial: n.a.

Course Description: Shows the student how to understand the individual consumption and production decisions which are made within a market economy, guided by prices and costs. Economic concepts of supply, demand, cost, response to price changes, production, equilibrium, and income distribution are analyzed.

Required Text: principles of micro economics,

Mankiw, Kneebone & McKenzie (MKM), 6th or 7th Canadian Edition, Nelson Education. 

E-edition available at:

Lecture Notes are cross-referenced to chapter, page and graphic in MKM (6th /7th)


All Emails MUST include: Student Name & #, Course & Section #. 

Students are expected to review the Text before each Class and be prepared for questions


The Standard Model of Market Economics: Demand, Supply, Markets, Competition & Market Failure


Introduction: Concepts

Ch. 1: Ten Principles of Economics

Ch. 2: Thinking like an Economist



Ch. 21: Theory of Consumer Choice


Supply (Theory of the Firm)

Ch. 13: The Costs of Production


The Market

Ch. 4: The Market Forces of Supply & Demand

Ch. 7: Consumers, Producers and the Efficiency of Markets

Ch. 6: Supply, Demand and Government Policies

1st Midterm Test

Learning Outcome

What is the Standard Model of Market Economics?

Econ 111.01: Oct. 10; Econ 111.03: Oct. 11


Ch. 14: Firms in Competitive Markets

Ch. 15: Monopoly

Ch. 16: Monopolistic Competition

Ch. 17: Oligopoly

2nd Midterm Test

Learning Outcome

What are the different forms of market competition?

Econ 111.01: Nov. 7; Econ 111.03: Nov. 8

Market Failure

Ch. 10: Externalities

Ch. 11: Public Goods and Common Resources

Ch. 22: Frontiers of Microeconomics

3rd Midterm

Learning Outcome

What is Market Failure?

Econ 111.01: Nov. 30; Econ 111.03: Dec. 1


Final Examination

Learning Outcome

What is the Standard Model of Market Economics: Its Strengths & Weaknesses




5 Online Assignments - 15%

3 Midterms - 45%

1 Final Exam 40%


Online Tests, Midterms & Final Examination

For midterms and the final exam op scan sheets are used. Read the instructions carefully.  Each Student must use a lead pencil 'to fill in the dots' and code their Student NSID correctly.  Each Student is responsible for the legibility of their opscan sheet.  Fresh sheets will be issued any time during an exam.  No additional time will be allowed to copy a sheet or make corrections after the testing period.  Failure to correctly code a Student's NSID will result in delay of results.  Scheduling will be announced in class.

The weight of a missed midterm may be transferred to the Final Examination on condition documentation is provided for acceptable cause such as sickness, family emergency, jury duty, etc.

Five Online Tests (OTs) will be posted on Blackboard: (1) Demand; (2) Supply; (3) The Market; (4) Competition; and, (5) Market Failure.  They are 45 minutes long consisting of 30 multiple choice questions. They can be done anywhere with Internet connexion.  There are also 5 corresponding Practice Tests (PTs).  These are not for credit but do provide immediate answers.

OTs must be completed by 11:59 pm the night before each midterm Ensure, however, that you set aside sufficient time (45 minutes) for the Test. There is no pause. Once started they must be completed. Students will have five attempts for each Test with the highest mark counting towards the Final Grade. The five attempts are intended to negate any technical disruptions.  Please do not wait until the last minute!.  

The tthree hour (180 minute) Final Examination will include 100 multiple choice questions comprehensive of the entire Course.


Grade Scheme

Please see:  system.php#GradingSystem USASK Policy on Academic Dishonesty

Please take note that plagiarism and other forms of academic dishonesty is subject to severe penalty at the University of Saskatchewan.  “Student Academic Dishonesty Rules of the University of Saskatchewan Council" (September 2000) are posted at  99.shtml


















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