ECON 2010-050 Principles of Microeconomics

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ECON 2010-050 Principles of Microeconomics
Principles of Microeconomics
ECON 2010 - 050
Fall 2014
Tuesdays and Thursdays, 2:00 - 3:15, HALE 270
Instructor: Greg Madonia ([email protected])
Oce: ECON 309C
Oce Hours: Tuesday 3:30-4:30 PM and Thursday 10:00-11:00 AM, and by appointment.
Website: Desire2Learn
Required Text: N. Gregory Mankiw.
Principles of Microeconomics: 7th Edition.
Prerequisites: There are no formal prerequisites; however, students are expected to have a basic knowledge
of both algebra and graphing techniques.
Teaching Assistants: Kyoung-Gon Kim ([email protected]) and Jacob Kirsch
([email protected]). The recitation schedule is:
Lecture Number
CLRE 301
CLRE 212
ECON 205
ECON 119
Course Description and Objectives: Economics involves decision-making. More specically, economists
study the process of decision-making where individuals and rms make decisions in a rational manner
given their set of circumstances. Economists are concerned with the consequences for individuals,
rms, and the economy of decisions made this way. Thus, in studying economics, reasoning skills are
much more important than memorization skills. Having to think and reason (that is, make decisions)
rather than just memorize makes economics a challenging subject for many students. On the other
hand, studying economics also develops reasoning and analytical skills.
Grading Scale:
Let x be your nal grade percentage in the class, then your letter grade is
93 ≤ x
90 ≤ x < 93
87 ≤ x < 90
83 ≤ x < 87
80 ≤ x < 83
77 ≤ x < 80
73 ≤ x < 77
70 ≤ x < 73
67 ≤ x < 70
63 ≤ x < 67
60 ≤ x < 63
x < 60
Grading Scheme:
Grade Item
Midterm 1
Midterm 2
Midterm 3
Course Grade: If you look at the Grade Items above, you should notice that the Percentage column adds
up to more than 100%. Your nal grade will consist of the Final Exam, Participation, Homework,
Recitation and your two best scores from Midterm 1, Midterm 2, and Midterm 3. Since you can drop a
Midterm there will be NO MAKE-UP EXAMS. If you miss a Midterm, then you will receive a score
of zero. Course Grades will rounded in the following way: a celing function (denoted by d e)will be
applied to the course grade. That is, all course grades will be rounded up to the next percentile unless
that grade is already an exact percentile. For example 78.03% becomes 79%, while 88.0% remains 88%.
Individual components of the nal grade will not be rounded.
FinalGrade% = d(0.10 × Participation%) + (0.10 × Homework%) + (0.10 × Recitation%)
+ [0.20 × (MT1% + MT2% + MT3% − min {MT1%, MT2%, MT3%})]
+ (0.30 × Final%)e
Participation: In addition to having homework, this course will use iclickers. You will need to acquire and
register your iclicker immediately. Registration can be done following this tutorial:
You will receive 1 point for every clicker question you attempt and an additional point
for every clicker you question you get correct. Not only are you allowed to discuss the clicker
questions with the people around you, you are encouraged to do this. However, you may not bring
another student's clicker to class and answer questions for them. If you are caught doing this, you will
lose all clicker points for that day. If you are caught doing this more than once, you will receive a zero
for your Particpation grade for the semester. Your grade will be out of 90% of all of the points assigned
during the semester. Thus, there will be no excused absences other than those that fall under the
University of Colorado's rules. Additionally, the maximum participation grade possible will be 100%.
Homework will be assigned through Aplia assignments. There will be 13 assignments and your lowest
3 assignment percentages will be dropped. There will be no makeup assignments. The Aplia
assignments will be due every Sunday, except 8/31, 11/30 and 12/14, at 11:59 PM. Late assignments
will not be accepted. The registration code for our Aplia course is: V68U-WUYP-QE9M. Use this
after you login at: http://login.cengagebrain.com/. More complete instructions can be found on the
course website. Additional information can be found on D2L.
Recitation begins the second week of the semester. You do not have recitation the rst week of
class. Grades for recitation will be determined by your TA and will be outlined in their syllabus. Your
TAs are a valuable resource in your attempt to pass this class - make sure to use them.
Midterm 1 will take place on Thursday, September 25th. This exam will cover topics through Tuesday,
September 23th. You will need to bring your Studentd ID Number (Note: this is not the number on
your Bu OneCard), a Blue Book, and a pencil to the exam.
Midterm 2 will take place on Thursday, October 23rd. This exam will cover material through Tuesday,
October 21st. However, there may be concepts from the rst part of the course that you will need to
use for this exam. You will need to bring your Studentd ID Number (Note: this is not the number on
your Bu OneCard), a Blue Book, and a pencil to the exam.
Midterm 3 will take place on Thursday, December 4th. This exam will cover material through Tuesday,
December 2nd. However, there may be concepts from the previous parts of the course that you will
need to use for this exam. You will need to bring your Studentd ID Number (Note: this is not the
number on your Bu OneCard), a Blue Book, and a pencil to the exam.
The Final will take place on Sunday, December 14th from 4:30 - 7:00 PM. The nal exam will be held in
the room where lecture is held, HALE 270. The nal exam will be comprehensive. You will need to
bring your Studentd ID Number (Note: this is not the number on your Bu OneCard) and a pencil to
the exam.
Laptop/Tablet and Cellphone Policy: Please turn o your phone prior to class. As for laptops, PDFs
of the lectures (without the clicker questions) will be posted on Desire2Learn before our class meeting.
You are more than welcome to download them to your laptop or tablet and bring them to class.
However, please do not use your laptop or tablet for email, web browsing, gaming, or anything else not
related to the class. This is a huge distraction to those around you (see Chapter 10 - Externalities).
Calculators are not necessary for the clicker questions or the exams. However, I will allow 4 function
calculators to be used during exams. Yet still, any programmable calculator is strictly prohibited.
If you are caught using a programmable calculator on an exam, you will receive a score of zero and
further discipline will be pursued at the instructor's discretion. If you are unsure about whether or not
a calculator is legal - ask.
Important Dates:
Wednesday, September 10th
Thursday, September 25th
Friday, October 3rd
Thursday, October 23rd
Friday, October 31st
November 24th - 28th
Thursday, December 4th
Thursday, December 11th
Sunday, December 14th
Drop deadline without a W on transcript
Midterm 1
Last day to inform me about nal exam conict
Midterm 2
Drop deadline without signature
Fall Break - NO CLASS
Midterm 3
Last day of class
Final Exam starting at 4:30 PM
Tentative Course Outline:
Principles of Economics
Thinking Like an Economist
Gains from Trade
Supply & Demand
Supply, Demand & Government Policies
The Eciencies of Markets
International Trade
Public Goods
Costs of Production
Competitive Markets
Monopolistic Competition
Theory of Consumer Choice
Note this outline is tentative and topics are subject to be added or dropped at the instructor's discretion.
Email Policy: Unfortunately, this class has so many students that answering all emails is extremely costly.
Thus, to make sure that I can answer all important emails, I will not respond to emails where
the answer can be found in the syllabus. Additionally, when I send out emails to the entire class,
I ask that you not respond to these emails directly. If you would like to respond to an email that I
send out to the entire class, please start a new email thread.
Academic Integrity
A university's intellectual reputation depends on maintaining the highest standards of intellectual honesty. Commitment to
those standards is a responsibility of every student, faculty, and sta member on the University of Colorado at Boulder campus.
Honor Code
A student-run Honor Code was instituted on the Boulder Campus in 2002. The intent of the Honor Code is to establish a
community of trust where students do not plagiarize, cheat, or obtain unauthorized academic materials. An honor code council
collaborates with the colleges and schools in addressing allegations and instances of academic dishonesty and in assisting to
educate all members of the university community on academic integrity issues.
Breaches of academic honesty include cheating, plagiarism, and the unauthorized possession of examinations, papers, computer
programs, as well as other class materials specically released by the faculty.
A student accused of academic dishonesty will either accept the accusation made by a faculty member or request a hearing
before a student panel, who will make a decision on the accusation of academic dishonesty. In addition to academic sanctions
imposed by the faculty, students found guilty of academic dishonesty also face consequences from the honor code council ranging
from attending a mandatory class in ethics to expulsion from the campus. More information about CU-Boulder's Honor Code
may be found at http://www.colorado.edu/policies/student-honor-code-policy.
The following terms are claried for the benet of all members of the university community.
Cheating is dened as using unauthorized materials or receiving unauthorized assistance during an examination or other
academic exercise. Examples of cheating include: copying the work of another student during an examination or other academic
exercise (includes computer programming), or permitting another student to copy one's work; taking an examination for another
student or allowing another student to take one's examination; possessing unauthorized notes, study sheets, examinations, or
other materials during an examination or other academic exercise; collaborating with another student during an academic
exercise without the instructor's consent; and/or falsifying examination results.
Plagiarism is dened as the use of another's ideas or words without appropriate acknowledgment. Examples of plagiarism
include: failing to use quotation marks when directly quoting from a source; failing to document distinctive ideas from a source;
fabricating or inventing sources; and copying information from computer-based sources, i.e., the Internet.
Unauthorized Possession or Disposition of Academic Materials
Unauthorized possession or disposition of academic materials may include: selling or purchasing examinations, papers, reports
or other academic work; taking another student's academic work without permission; possessing examinations, papers, reports,
or other assignments not released by an instructor; and/or submitting the same paper for multiple classes without advance
instructor authorization and approval.
Religious Obligations: Conicts with Scheduled Exams, Assignments or Class
Teaching faculty shall make every eort to accommodate all students who, because of religious obligations, have conicts with
scheduled exams, assignments, or other required attendance, provided they notify you well in advance of the scheduled conict.
Whenever possible, students should notify faculty at least two weeks in advance of the conict to request special accommodation.
Faculty members should always include precise instructions regarding their own policies for these special accommodations in
their syllabus and they should call attention to the requirement for early, timely arrangements. If an exam is scheduled
on a religious holiday, the faculty member must provide a suitable option for the aected students. Examples of suitable
accommodations include: (1) creating a course policy in which all students are allowed to drop an exam or assignment score for
any accepted reason, specically including religious holiday observance as one of those reasons, or (2) providing the opportunity
for a makeup exam or an equivalent assignment, or (3) allowing extra-credit assignments to substitute for missed class work, or
(4) arranging for an increased exibility in assignment due dates, etc. Other reasonable and appropriate accommodations may
be made by the course instructor. If class attendance is required, classes missed to observe a religious holiday should not be
counted as an absence. The specic accommodations employed may vary from course to course depending upon factors such
as the size of the class, nature of the course content, and mode of instruction. All faculty in all courses are expected to create
a class-specic accommodation policy which strives to maintain a climate of essential fairness to all members of the class.
Classroom Behavior
Students are required to adhere to the behavior standards listed in the Rights and Responsibilities Regarding Standards of
Conduct and to refrain from disrupting classes and other academic settings.
If a student is disruptive, the faculty member and/or the relevant Assistant/Associate Dean's oce may ask the student to stop
the disruptive behavior and warn the student that such disruptive behavior can result in academic or disciplinary action.
A faculty member is authorized to ask a student to leave the classroom or other academic site if the faculty member deems it
necessary. If the faculty member does this, s/he shall le a Disruptive Classroom Incident Report with the Oce of Judicial
Aairs and the Assistant/Associate Dean of the College or Department Chair (as determined by the College) within 24 hours.
The Oce of Judicial Aairs shall provide the student with a copy of the report.
A faculty member may also exclude the student from the classroom or other academic area pending resolution of the matter
by: (1) informing the student of the exclusion, (2) informing the student of his/her rights to request an expedited review of the
exclusion, and (3) by immediately referring the matter to the Oce of Judicial Aairs by submitting the Disruptive Classroom
Incident Report and informing the relevant Assistant/Associate Dean of the College. If such exclusion occurs, and if the student
requests a review, the Oce of Judicial Aairs shall review the exclusion within three business days of the date the student
requests the review.
Nothing in this policy prohibits an immediate call to the University of Colorado Police or referral of the matter to another
policy oce, as determined to be appropriate by the classroom instructor.
Sexual Harassment
The University of Colorado is committed to maintaining a positive learning, working and living environment. The University
does not discriminate on the basis of race, color, national origin, sex, age, disability, creed, religion, sexual orientation, or veteran
status in admission and access to, and treatment and employment in, its educational programs and activities . (Regent Law,
Article 10). In pursuit of these goals, the University will not tolerate acts of sexual harassment or related retaliation against
or by any employee or student. This policy (1) provides a general denition of sexual harassment and related retaliation; (2)
prohibits sexual harassment and related retaliation; and (3) sets out procedures to follow when a member of the University
community believes a violation of the policy has occurred. It also is a violation of this policy for anyone acting knowingly or
recklessly either to make a false complaint of sexual harassment or to provide false information regarding a complaint. Robust
discussion and debate are fundamental to the life of the University. Consequently, this policy shall be interpreted in a manner
that is consistent with academic freedom as dened in Regent Law, Article 5 D, last amended 10/10/02. It is intended that
individuals who violate this policy be disciplined or subjected to corrective action, up to and including termination or expulsion.
For more information see: https://www.cu.edu/policies/aps/hr/5014.pdf
If you qualify for accommodations because of a disability, please submit to your professor a letter from Disability Services in
a timely manner (for exam accommodations provide your letter at least one week prior to the exam) so that your needs can
be addressed. Disability Services determines accommodations based on documented disabilities. Contact Disability Services at
303-492-8671 or by e-mail at [email protected] If you have a temporary medical condition or injury, see Temporary Medical
Conditions: Injuries, Surgeries, and Illnesses guidelines under Quick Links at Disability Services website and discuss your needs
with your professor.
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