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ECON 2010-040 Principles of Microeconomics

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ECON 2010-040 Principles of Microeconomics
ECON 2010: Principles of Microeconomics
Tyler Mangin
ECON 414
[email protected]
sites.google.com/a/colorado.edu/tylermangin/home
Office Hours
M,W 1-2 PM
and by appointment
Prerequisites
You should be familiar and comfortable with fractions and decimals, graphing, and solving basic linear
algebraic equations. There will be a homework within the first two weeks that covers the math you will
need. If you find these problems very difficult, please come and see me during my office hours.
Required Materials
For this course, access to the Aplia course homework and e-book website for Greg Mankiw’s Principles
of Microeconomics is required.
To sign up, please visit login.cengagebrain.com/course/7EZR-JWQ8-J9N6.
There is a ‘grace period’ from now until September 14th in which you may use Aplia without charge
in case you decide to drop the course. Help with registration for Aplia will be available outside of the
bookstore on Tuesday, August 26th and Wednesday, August 27th.
Feel free to purchase a hard-copy textbook on top of the e-book if you like the feel of paper between
your fingers. It is not required. We will be using the seventh edition, but the textbook has not changed
much, so an earlier version could work.
You are also required to have a ‘clicker’ for the course to answer in-class questions. One can be obtained at the Bookstore, and can be used for any other courses that require them during the rest of your
studies.
Recitations
Attending recitation is an important part of success in the course. It provides an opportunity for you
to work through the material in a smaller class. You should already be signed up and ready to attend one
of the following recitations. There are no recitations the first week of school.
TA
Day
Time
Room
Mendez
Monday
8 AM - 9 AM
ECON 117
Mendez
Monday
4 PM - 5 PM
ECON 205
Mendez
Wednesday
8 AM - 9 AM
ECON 117
Mendez
Wednesday
4 PM - 5 PM
ECON 119
Duff
Monday
3 PM - 4 PM
MUEN E130
Duff
Monday
4 PM - 5 PM
MCOL E158
Duff
Wednesday
3 PM - 4 PM
STAD 140
1
Samara Mendez: [email protected]
Cameron Duff: [email protected]
Grading
Item
Percent of Final Grade
Exam 1
25%
Exam 2
25%
Final Exam
30%
Homework
10%
In-Class Questions
10%
Recitation
25%
NOTE: This adds up to more than 100%! See below under Recitation / Exam Make-up for an explanation.
Exams
Exams will be mostly multiple choice questions, with (possibly) some short-answer questions. There
will be a day of review before the exams.
The tentative Exam schedule is as follows:
1. Exam 1 : September 29th, Hale 270
2. Exam 2 : November 3rd, Hale 270
3. Final Exam: December 15th, Hale 270
Exams 1 and 2 will be held during class time and the Final Exam will be held from 10:30 AM to 1:00
PM. You have until Friday, October 3rd to contact me to reschedule your final if mine is the third of your
finals in a single day.
Homework
Homework is conducted through the Aplia site. Homework will be due (roughly) weekly by Sunday
night.
In-Class Questions
We will have in-class questions using ‘clickers’ almost every class. Only some will be graded on accuracy,
but all will be graded on participation. You will receive a point for every question you answer, and an
additional point for correct answers on some questions.
Recitation / Exam Make-up
There are no make up exams.
If you miss an exam for any reason, you will be given a zero. However, you will also be given a grade in
recitation, and at the end of the semester, I will replace your lowest exam score with your recitation score,
if it helps your grade.
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E-mail
I am happy to answer your e-mails. However, since there are many students in this class, I ask that you
give me at least 24 hours to respond. Also, I will only respond during business hours (not on weekends!!).
If I feel you can find the answer to the question on this syllabus, I will e-mail you back a terse “Syllabus.”
Please don’t be offended, and please don’t send me these kind of e-mails. Last, please start a new thread,
rather than replying to a class-wide e-mail.
I am not allowed, by law, to discuss grades with you or anyone else over e-mail.
Drop Deadline
The deadline to drop the course without receiving a “W” on your transcript is Wednesday, September 10th.
Tentative List of Topics:
Exam 1 Topics:
1. Opportunity Cost
2. Economic Rationality
3. Economic Models
4. Production Possibility Frontiers
5. Comparative Advantage and Trade
6. Markets
7. Supply and Demand
Exam 2 Topics:
1. Elasticity
2. Price Ceilings and Floors
3. Welfare and Surplus
4. Dead-weight Loss
5. Externalities
Final Topics:
1. Firms in Competitive Markets
2. Firm Entry and Exit
3. Economic Profit
4. Monopoly and Oligopoly
3
Additional Information
Honor Code
All students of the University of Colorado at Boulder are responsible for knowing
and adhering to the academic integrity policy of this institution. Violations of this
policy may include: cheating, plagiarism, aid of academic dishonesty, fabrication, lying,
bribery, and threatening behavior. All incidents of academic misconduct shall be
reported to the Honor Code Council ([email protected]; 303-735-2273). Students
who are found to be in violation of the academic integrity policy will be subject to both
academic sanctions from the faculty member and non-academic sanctions (including
but not limited to university probation, suspension, or expulsion). Other information
on the Honor Code can be found at
http://www.colorado.edu/policies/honor.html and at
http://www.colorado.edu/academics/honorcode/.
Discrimination and Harassment
The University of Colorado at Boulder Discrimination and Harassment Policy and Procedures, the University of Colorado Sexual Harassment Policy and Procedures, and the
University of Colorado Conflict of Interest in Cases of Amorous Relationships Policy
apply to all students, staff, and faculty. Any student, staff, or faculty member who believes s/he has been the subject of sexual harassment or discrimination or harassment
based upon race, color, national origin, sex, pregnancy, age, disability, creed, religion,
sexual orientation, gender identity, gender expression or veteran status should contact
the Office of Discrimination and Harassment (ODH) at 303-492-2127, or the Office of
Student Conduct (OSC) at 303-492-5550. Information about the ODH, the above
referenced policies, and the campus resources available to assist individuals regarding
discrimination or harassment can be obtained at http://www.colorado.edu/odh.
Classroom Behavior Policy
Students and faculty each have responsibility for maintaining an appropriate learning
environment. Those who fail to adhere to such behavioral standards may be subject to
discipline. Professional courtesy and sensitivity are especially important with respect
to individuals and topics dealing with differences of race, color, culture, religion, creed,
politics, veteran‘s status, sexual orientation, gender, gender identity, and gender expression, age, disability, and nationalities. Class rosters are provided to the instructor
with the student‘s legal name. I will gladly honor your request to address you by an
alternate name or gender pronoun. Please advise me of this preference early in the
semester so that I may make appropriate changes to my records. See policies at
http://www.colorado.edu/policies/classbehavior.html and at
http://www.colorado.edu/studentaffairs/judicialaffairs/code.html#student code.
Students with Disabilities
If you qualify for accommodations because of a disability, please submit to me a letter
from Disability Services in a timely manner so that your needs be addressed. Disability
Services determines accommodations based on documented disabilities. Contact: 303492-8671, Center for Community N200, and http://www.colorado.edu/disabilityservices.
If you have a temporary medical condition or injury, see guidelines at
http://www.colorado.edu/disabilityservices/go.cgi?select=temporary.html.
4
Disability Services’ letters for students with disabilities indicate legally mandated reasonable accommodations. The syllabus statements and answers to Frequently Asked
Questions can be found at http://www.colorado.edu/disabilityservices.
Religious Observance Policy
Campus policy regarding religious observances requires that faculty make every effort
to deal reasonably and fairly with all students who, because of religious obligations,
have conflicts with scheduled exams, assignments or required attendance. If you have
a conflict, please contact me at the beginning of the term so that we can make proper
arrangements. See full details at
http://www.colorado.edu/policies/fac relig.html.
5
Tenative Schedule:
Monday
Wednesday
Friday
August 25th
August 27th
August 29th
Class Syllabus
Tradeoffs
Opportunity Costs
Economic History, Micro and Macro
Marginal Benefits and Costs
Reading
Reading
Reading
Syllabus
Chapter 1-1
Chapter 1-2
Monday
Wednesday
Friday
September 3rd
September 5th
Economic Models
PPFs Continued
September 1st
Incentives
Production Possibilities Frontier
Labor Day
Monday
September 8th
PPFs Continued
Comparative and Absolute
Advantage
Reading
Reading
Chaopter 2-1 (a ,b)
Chapter 2-1 (c,e)
Wednesday
Friday
September 10th
September 12th
Comparative Advantage and Trade
The Price of Trade
Trade and Opportunity Costs
Comparitve Advantage Applications
Trade and Localism
Reading
Reading
Reading
Chapter 3-1 (a,b)
Chapter 3-2
Chapter 3-3, Chapter 9-3
Monday
Wednesday
Friday
September 15th
Septembre 17th
September 19th
When Markets Work
Demand Curves
Equilibrium
Buyers and Sellers
Supply Curves
Shifts in Supply and Demand
Reading
Reading
Reading
Chapter 4-1, 4-2
4-3
Chapter 4-4
Monday
Wednesday
Friday
September 22nd
September 24th
Shifts in Quantity Supplied and
Demanded
Supply and Demand Analysis
Reading
Reading
None
None
September 26nd
EXAM reveiw
6
Monday
September 29th
Wednesday
Friday
October 1st
October 3rd
Price Elasticity of Demand
Price Elasticity of Supply
Cross-Price Elasticity of Demand
Cross-Price Elasticity of Supply
Reading
Reading
5-1 (a,b,d,e,f,g)
5-2
Wednesday
Friday
EXAM
Monday
October 6th
Elasticity Applications
October 8th
October 10th
Price Ceilings
Price Floors
Rent Control
Minimum Wage
Reading
Reading
Reading 6-2, 6-3
Chapter 5-3, 5-4
6-1
Monday
Wednesday
Friday
October 15th
October 17th
The Social Planner
Deadweight Loss of Taxation
Market Efficency
Marginal Buyers and Sellers
Reading
Reading
7-3, 7-4
8-1, 8-2
Wednesday
Friday
October 13th
Surplus
Reading
2-2, 7-1, 7-2
Monday
October 20th
Determinants of Deadweight Loss
DWL and Tax Reveue
Reading
8-3, 8-4
Monday
October 22nd
Positive and Negative Externalities
Government Intervention
October 24th
Private Solutions
Coasian Bargaining
Reading
Reading
10-3
10-1, 10-2
Wednesday
Friday
October 27th ?
October 31st EXAM Reveiw
October 27th
Asymmetric Information
Market Power
Reading
None
7
Monday
Wednesday
Friday
November 5th
Firms in Competitive Markets
November 3rd EXAM
Economic Profit
November 21st
Reading
None
Monday
Wednesday
Friday
November 24th
November 26th
November 28th
Fall Break
Fall Break
Fall Break
Monday
Wednesday
Friday
December 1st
December 3rd
December 5th
Monday
Wednesday
Friday
December 1st
December 3rd
December 5th
Oligopoly
Wrap-up
Exam Reveiw
8
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