101f16 Faq Syllabus Schedule 500 1

Course Description, Syllabus, and Business Details
Economics 101-500 (24182)

Fall, 2016
Course Description
ECON 101 is designed to help students understand the economic method
through the study of the principles of microeconomics. By the end of the
academic term, students will understand basic concepts (opportunity cost,
comparative advantage, marginal utility and marginal productivity, human
and financial capital, externalities, public goods, income distributions, etc.).
Students will be able to use the tools of economics to solve basic economic
problems (Does it matter how many people use an iPhone? Why do people
who drink soda pop care about the price of corn? Why does the price of a taxi
in NYC change when the weather is bad? How much will it cost to pay back
your student loan?) Students who continue in economics will have a solid
grounding in basic theory and will be prepared for advanced classes.
Students who never take another economics class will be able to explain
economic dilemmas to relatives, friends, and others they want to impress.
Personnel
Associate Professor Sherrie A. Kossoudji, kossoudj@umich.edu
2788 School of Social Work Building (SSWB)
Please contact me by email. Put Econ 101 in the subject heading to get a
rapid answer.
Office Hours in room 2788 SSW Building

There will be numerous and changing office hours throughout the semester
to accommodate students varying schedules. Ill increase office hours
throughout the term. They will always be announced in class and on the
Canvas site. There will always be office hours on Mondays from 3:305:00
starting on September 12th. Students may make an individual appointment

with me by sending me an appropriate email.
101f16
last change 09.07.2016
Critical information
This document should answer all of your questions about this class. If you
have a question, look here first for the answer. If it isnt answered in
this document, email me. I may not respond if the answer is obvious in
the syllabus.
Please put econ 101 in the subject heading when you email me. I can
filter on this heading. Messages without this heading are easily lost and
are unlikely to be answered.
Attendance at lecture and discussion is your responsibility. You do not

need to inform me of absences and you are responsible for what is
missed. Lectures and other materials are complementaryand all are
covered in exams and assignments. If you miss class you may miss
i>clicker quizzes and your grade may be affected.
While I do my best to plan everything out, the schedule may change for
unavoidable reasons. If there is a change, it will be announced in class
and posted to the Canvas site.
Plagiarism or cheating will lead to a failing grade in this class and may
lead to expulsion from this university. It is cheating to have another
person take i>clicker quizzes in your name or to use someone else's
i>clicker.
Cell phone use, talking with each other, text messaging, or the use of a
computer for things other than class business is disrespectful to the
instructor and you will be asked to stop or leave class if you participate in
these activities during lecture or discussion.
There is no way to earn extra credit for this class. Grades are based on
performance throughout the semester. The best way to get credit for this
class is to attend lecture and discussions regularly, study hard, turn in all
assignments, and contact me if you find yourself in trouble so that we can
work together to help you succeed.
Late assignments are not accepted and there is no accommodation

for missing exams without an adequately documented emergency
(ADE). The exams will be on October 7th, November 11th, and
December 12th during class time. If you do not attend an exam you
will receive a zero for the exam grade.
Register your i>clicker on our Canvas site, not at i>clicker.com.

I>clickers are linked to your name early in the semester. If you get a
different i>clicker, register it in Canvas AND inform Sherrie so that
grades can be assigned appropriately.
101f16
Launchpad requires newer browsers. Supported are Chrome 28 and

above, Firefox 13 and above, Safari 6 and above, and Internet Explorer 10
and above. Some functionality may work with other browsers but grades
may be posted incorrectly or not at all. It is your responsibility to use an
acceptable browser so that you can get grade credit.
There are a number of built-in features so that people can make mistakes
or miss some work without cost. In general, you are responsible for
mistakes youve made if you do not follow the instructions in this syllabus.
Make sure you that you understand your obligations and rights in this
class.
101f16
Class Resources
Required Purchase ( $85): Launchpad for Microeconomics, Worth
Publishers. Microeconomics by Paul Krugman and Robin Wells (4th edition) is
inside the Launchpad. The Launchpad also includes required assignments.
Follow these steps to get started.
To register for Launchpad for the course go to:
http://www.macmillanhighered.com/launchpad/krugmanwellsmicro4/3671588
Please bookmark the page to make it easy to return to it.
You have three options to enroll in the course: you can purchase direct
access, you can buy an access code, or you can get free 21 day access while
deciding. To navigate and start using LaunchPad please consult the Get
Started guide and/or view this video.
If you have problems registering, purchasing, or logging in, please contact
Customer Support. You can reach a representative 24 hours a day, 7 days a
week through the online form, by chat, or by phone at (800) 936-6899:
Monday through Thursday 8:00 a.m. to 3:00 a.m.
Friday 8:00 a.m. to 12:00 a.m.
Saturday 12:00 p.m. to 8:00 p.m.
Sunday 12:00 a.m. to 3:00 a.m.
Launchpad requires newer browsers. Supported are Chrome 28 and above,

Firefox 13 and above, Safari 6 and above, and Internet Explorer 10 and
above. Some functionality may work using other browsers but grades may be
posted incorrectly or not at all. It is your responsibility to use an acceptable
browser.
Required Purchase ( $38 new, $28 used): An i>clicker is required and
will be used regularly. i>clickers are available from the Computer Showcase.
in the Michigan Union and Pierpont Commons. If you have questions,
http://computershowcase.umich.edu/remotes/ Personal devices with the
web-clicker subscription may not be used. Register your i>clicker on our
Canvas site, not at i>clicker.com. If you lose or you need to replace your
i>clicker, you can register the new number on Canvas to keep your grades
recorded (please inform Sherrie if you get a new i>clicker so that grades can
be assigned with the new i>clicker).
Required Use: Lecture slides, lecture based resources, announcements
from the instructor, other resources, old exams, discussion assignments, and
changing office hours will be included in the Canvas site.
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Optional Purchase and Use: You may choose, at your own discretion, to
have a paper copy of the textbook or textbooks in addition to Launchpad.
The paper copy is not required and not even encouraged unless you feel that
you must have it.
Academic Misconduct and Grading

Academic Misconduct: The University of Michigans community functions
best when its members treat one another with honesty, fairness, respect,
and trust. The college promotes the assumption of personal responsibility
and integrity, and prohibits all forms of academic dishonesty and
misconduct. All cases of academic misconduct will be referred to the Office of
the Assistant Dean for Undergraduate Education. If you are caught in an act
of academic misconduct, you will fail the class. You may be suspended or
expelled from the university. Please make sure you understand what
constitutes academic misconduct. See
http://www.lsa.umich.edu/academicintegrity/examples.html.
Along with standard plagiarism and cheating possibilities: Do not speak
publically about any Self Check Quiz during the time the quiz is open to be
taken. Do not take Self Check Quizzes with other students and talk about
possible answers. Do not post or give other people answers to the Self
Check Quizzes.
Remember that using someone elses i>clicker or giving your i>clicker to
someone else to use constitutes cheating (I will often tell you to talk to your
neighbors during i>clicker exercisesthat is not cheating).
Grading: The class is graded on a curve and many letter grades are higher
than they would be without the curve. At the end of the semester, students
are ranked by percentage scores and assigned letter grades. Approximately
30% of final grades are in the A range, 40% in the B range, and the rest in
the C, D, or E range. I dont create letter grades until final scores are
calculated after the final exam. Individual assignments do not receive letter
grades.
The percentage distribution for last semester is inside Lecture Slides # 01. It
gives you the look and feel of a 101 distribution but there is no guarantee
that this years distribution will be exactly the same. Students who drop the
class after the drop/add deadline are included in the distribution when
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calculating letter grades (since people tend to drop when their grades are
bad).
Grade Reporting: The Canvas gradebook will contain your grades for
assignments, quizzes, and exams. Exam grades are typically posted within a
few days of the exam and i>clicker quiz scores will be posted every few
weeks. Scores on self-check quizzes and the syllabus contract are
immediately available in the Launchpad (transferred to Canvas every few
weeks).
I will periodically post class wide distributions of points so that students can
observe how they are doing relative to the rest of the class.
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Assignments
Don't wait until the last minute to submit any assignments; a computer glitch
could prevent you from turning it in on time. Late assignments earn no
credit.
Assignment
Syllabus
contract
Due Date
Sunday, September 25th

11:55 pm
Available Sept. 20th at
noon
Loca
tion
Points
Launchpa
d
The syllabus contract assignment ensures that you understand

your rights and responsibilities in this class. Read it carefully,
make sure that you understand the consequences of your actions,
and you have found the answer to any of your questions.
Self-Check
quizzes
(SCQ)
Sundays 11:55 pm
Available the previous
Monday at noon
Launchpa
d
3 points each
45 maximum
(19 SCQ, only
15 count)
SCQs evaluate developing knowledge (like basic concepts or simple

problems). Only 15 SCQ count toward your grade: Four are freebies.
They can be skipped for excused or unexcused reasons like illness, family
visits, travel, or bad weather. Dont miss too many for non-emergencies
because you may have an emergency later. You cannot make-up a SCQ. If
you take more than 15, your lowest grades will be dropped.
You may take each SCQ twice and will receive the higher score. Each quiz
has randomized questions from a question pool. Solutions will be on
Launchpad after the due date.
Students who register late but before the drop/add deadline could miss
required SCQ. These will count toward your freebies and it is up to you
to ensure that you have completed the appropriate number of quizzes for
the semester.
Self-check quizzes are listed in the schedule using to the chapters in the
Krugman/Wells textbook as a convenience (even though lectures and extra
reading also apply).
i>clicker
Many lectures (and

8
Lecture or
2 points each
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Lecture Quizzes
possibly discussion
sections)
discussion
32 points
maximum (20
quizzes, only 16
count)
i>clicker quizzes evaluate lecture attention, simple manipulation

of economic concepts, and understanding of class discussion.
There are 20 quizzes worth 2 points each. You earn point for
participation if you answer at least 75% of the questions, and 1.5/
(# of questions) for each correct answer. Only 16 quizzes count
toward your grade. Four are freebies. They can be skipped for
any excused or unexcused reason. Before September 26th, they are
for practice only. If you register after that class, that untaken quiz
will be one of your freebies. If you take more than 16 i>clicker
quizzes, your lowest grades will be dropped.
Exam # 1
(75 minutes)
Friday, October 7th,

during discussion
1372 EH
50 points, 25
multiple choice
questions
Exam # 2
(75 minutes)
Friday, November
11th, during
discussion
1372 EH
50 points, 25
multiple choice
questions
Exam # 3
(75 minutes)
Monday, December
12th, during lecture
4151 USB
50 points, 25
multiple choice
questions
Exams evaluate developed knowledge. They are more difficult than

quizzes. You will use economic tools to solve potentially complex problems.
Exam questions are multiple-choice but typically are analytical questions
requiring problem solving. You will have to solve the problem in order to
choose the correct answer. Exams are not cumulative in terms of the main
topic of the questions but are necessarily cumulative in the use of
economic methods.
Total Points
230
Percentage
Score
(# of points you've earned/ # of points available)*100
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Special Needs
Student Mental Health and Wellbeing: UM is committed to advancing
the mental health and wellbeing of its students. If you or someone you know
is feeling overwhelmed, depressed, and/or in need of support, services are
available. Contact Counseling and Psychological Services (CAPS) at (734)
764-8312 and https://caps.umich.edu/, or contact its counselors physically
located on both North and Central Campus. Or call University Health Service
(UHS) at 734-764-8320, and https://www.uhs.umich.edu/mentalhealthsvcs, or
for alcohol or drug concerns, see www.uhs.umich.edu/aodresources.
Students Representing UM in an Official Capacity off campus: If you
are a university athlete (or officially representing the university) and may be
absent during exams (see the syllabus for exam dates), please provide
Sherrie with an email from your coach or academic advisor within three days
after the drop/add deadline (September 26th). Travel that interferes with class
attendance is covered by the ability to drop some quiz scores.
This initial email must include:
The emails subject heading: Econ 101, Student officially representing the
university
Your name as the identified student. A form letter about schedules is not
acceptable.
The coachs and/or the academic advisors email address and the name
and email address of the person who will help me arrange for you to take
your exam on the road.
An accounting of which exams may be in conflict with your university
representation even if youre not sure you will be gone.
Please stay in touch with me. If you will be away during exams, I will work
with an official monitor and you will take the exam at the same time as
everyone else. I will not accommodate athlete absences for exams if I am
not specifically notified of your absence with a minimum of two weeks notice.
Disability Accommodation: If you need an accommodation, please give
Sherrie the Verified Individual Services Accommodation (VISA) form from
Services for Students with Disabilities (SSD) at least two weeks prior to the
need for accommodation (and no later than the drop/add deadline on
September 26th). If you dont have a VISA form, contact SSD to establish
eligibility and acquire a VISA form. Then we can arrange accommodations.
We may not be able to accommodate students who do not inform us of their
needs within this reasonable time. Any information you provide is private and
confidential.
Religious Accommodation: U-M Guidance to Students Regarding Conflicts
Between the Academic and Religious Calendars
If you need to be absent from an exam, send me an email stating the date
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101f16
and the reason for the absence within three days after the drop/add deadline
(Monday, September 26th). http://www.provost.umich.edu/calendar/religious_holidays1617.html
The subject heading must read: Econ 101, Student religious conflict.
I will do my best to accommodate you and make it easy for you to fulfill
your exam responsibilities in this class. A religious conflict that interferes
with class attendance is covered by the ability to drop some quiz scores.
Lecture, Reading, and Assignment Schedule

This schedule is formatted with each week on its own page. If you choose to
print a paper copy, you may want to reformat the schedule.
The schedule may change because there may be delays in classes and
because several chapters are joined together in a theme and the ideas dont
necessarily fit neatly into a single days lecture. The order of readings and
subjects will stay the same unless announced in lecture and on the Canvas
course site. Attending lecture and discussion is a sure way to know exactly
what is being discussed on any particular day.
WEEK 1: SEPTEMBER 5TH TO SEPTEMBER 11TH
Lecture #:
Discussion #:
None
i>clicker #:
None
Subjects/Concep
ts:
Class Introduction, organization, analytical approach,

introduction to economic thought, first principles
Textbook
Readings:
By this week:
For Next week:
KW Chapter 1
KW Chapter 2 (incl. Appendix), KW Chapter 9 (incl.
Appendix)
Homework/Quizz
es:
Chapter 1 SCQpractice only, due September 11th by

11:55 pm
Exams:
None
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Other Important
Information:
Purchase the Launchpad and register your UM

uniqname
Make sure you purchase 2016 Launchpad, 4th edition of
Krugman/Wells Microeconomics.
Purchase i>clicker and register your i>clicker in
Canvas
Chapter 2 Appendix is not discussed in class and You
are responsible for its material. Feel free to ask
questions during discussion or office hours.

Lecture #:
23
Discussion:
Week 2
Q & A, solving exam level problems, teaching others
i>clicker #:
Practice only
Subjects/Concep
ts:
Economic models, comparative advantage and

tradeoffs, trade; Making decisions, benefits and costs,
and the margin
Readings:
By this week:
KW Chapter 2, (incl. Appendix), KW Chapter 9 (incl.

Appendix)
For Next week:

KW Chapter 10 (incl. Appendix, skip 10A.3.1 and
10A.3.2), some extra on behavioral economics
Homework/Quizz
es:
(1) Chapter 2 SCQdue September18th by 11:55 pm
Exams:
None
Other Important
Information:
Carefully read the syllabus.

Make sure you understand Chapter 2 Appendix. Feel
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free to ask questions if you do not.

Make sure you have purchased the Launchpad and
registered your uniqname.
Make sure you have registered your i>Clicker in
Canvas.
13
101f16

Lecture #:
45
Discussion:
Week 3
i>clicker #:
Practice only
Subjects/Concep
ts:
Consumer decisions, utility, budgets and optimization,

preferences, income, change, and the demand of a
single person and multiple people.
Readings:
By this week:
For Next week:

Homework/Quiz
zes:
KW Chapter 10 (incl. Appendix, skip 10A.3.1 and

10A.3.2), some extra on behavioral
KW Chapter 11, KW Chapter 12
(2) Chapter 9 SCQdue September 25th by 11:55 pm
Syllabus Contractdue September 25th by 11:55 pm
Exams:
Other Important
Information:
None
The Syllabus Contract assignment available on Sunday,
September25th at 11:55 pm.
Make sure you are registered in the Launchpad with
your correct uniqname.
While the SCQ are titled with the Krugman/Wells
chapters, they refer to the topics we have covered
whether or not in the book.
Past Econ 101 exams and answers will be posted in
Canvas two weeks before the exam.
14
101f16
WEEK 4: SEPTEMBER 26TH TO OCTOBER 2ND

Lecture #:
67
Discussion:
Week 4
This is a critical discussion section.
i>clicker #:
12
Subjects/Concept
s:
The firm, its production and costs; pure competition

and supply
Perfect competition and the supply curve.
Readings:
By this week:
For Next week:
KW Chapter 3, part 1
Homework/Quizz
es:
(3) Chapter 10 SCQdue October 2nd by 11:55 pm

(4) Chapter 10 Appendix + Behavioraldue October
2nd by 11:55 pm
Exams:
None
Other Important
Information:
Exam # 1 Friday, October 7th during discussion period

Sherries extra office hours for the exam will be
announced in lecture and on Canvas.
Canvas two weeks before the exam
Dont forget that SCQs with answers are posted in the
Launchpad after the due date.
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WEEK 5: OCTOBER 3RD TO OCTOBER 9TH
Lecture #:
89
Discussion:
Week 5
Exam # 1
i>clicker #:
34
Subjects/Concept
s:
The firm, its production and costs; pure competition

and supply
Perfect competition and the supply curve; begin
supply and demand
Readings:
By this week:
KW Chapter 3, Part 1, secs. 3.13.4
For Next week:
KW Chapter 3, Part 2, secs. 3.53.6, KW Chapter 4
Homework/Quizz
es:
(5) Chapter 11 SCQdue October 9th by 11:55 pm

Exams:
Exam 1, Friday during discussion period, covers

through KW Chapter 3, part 1, secs. 3.13.4.
Other Important
Information:
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WEEK 6: OCTOBER 10TH TO OCTOBER 16TH

Lecture #:
1011
Discussion:
Week 6
i>clicker #:
56
Subjects/Concept
s:
Supply and Demand, changes in supply and demand,

surplus in the market
Readings:
This week:
KW Chapter 3, Part 2, secs. 3.53.6, KW Chapter 4
For Next week:
KW Chapter 5
Homework/Quizz
es:
Exams:
None
Q&A about Exam # 1 during lecture on Monday.
Other Important
Information:
Check out practice problems at the end of each

chapter.
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WEEK 7: OCTOBER 17TH TO OCTOBER 23RD

Lecture #:
MondayFall Study Break, 12
Discussion:
Week 7
i>clicker #:
Subjects/Concep
ts:
Consumer and producer surplus continued, price and

quantity controls, market failures.
Readings:
By this week:
KW Chapter 5
For Next week:
Homework/Quiz
zes:
Exams:
(8) Chapter 4 SCQdue October 23rd by 11:55 pm

None
Other Important
Information:
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WEEK 8: OCTOBER 24TH TO OCTOBER 30TH

Lecture #:
1314
Discussion:
Week 8
i>clicker #:
89
Subjects/Concep
ts:
Elasticity, Excise taxes and subsidies
Readings:
By this week:
For Next week:
Homework/Quiz
zes:
Exams:
None
Other Important
Information:

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101f16
WEEK 9: OCTOBER 31ST TO NOVEMBER 6TH

Lecture #:
1516
Discussion:
Week 9
i>clicker #:
1011
Subjects/Concept
s:
Externalities, Public Goods
Readings:
By this week:
For Next week:
KW Chapter 18
Homework/Quizz
es:
(10) Chapter 6 SCQdue November 6th by 11:55 pm

Exams:
None
Other Important
Information:
Sherries extra exam office hours will be announced in lecture and

on Canvas.
20
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WEEK 10: NOVEMBER 7TH TO NOVEMBER 13TH

Lecture #:
1718
Discussion:
Week 10
Exam # 2
i>clicker #:
1213
Subjects/Concep
ts:
Finish Externalities and Public Goods, Welfare and the

state, inequality
Readings:
By this week:
KW Chapter 18
For Next week:
KW Chapter 19 (incl. Appendix), KW Chapter 13
Homework/Quizz
es:

Exams:
Exam 2, Friday during discussion period, covers

through Chapter 17.
Other Important
Information:
Sherries extra office hours announced in lecture and on Canvas.
21
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WEEK 11: NOVEMBER 14TH TO NOVEMBER 20TH
Lecture #:
1920
Q & A about Exam # 2 during Monday lecture
Discussion:
Week 11
i>clicker #:
1415
Subjects/Concept
s:
Employment and unemployment, labor supply

Begin other market structures: monopoly, oligopoly,
monopolistic competition, and game theory (covers
several lectures).
Readings:
By this week:
KW Chapter 19 (incl. Appendix), KW Chapter 13
For Next week:
KW Chapter 15
Homework/Quizz
es:
(14) Chapter 18 SCQdue November 20th by 11:55

pm
(15) Chapter 19 SCQdue November 20th by 11:55
pm
Exams:
None
Other Important
Information:
22
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WEEK 12: NOVEMBER 21ST TO NOVEMBER 27TH
Lecture #:
2122
Discussion:
NONEThanksgiving break
i>clicker #:
1617
Subjects/Concept
s:
Other market structures, monopoly, oligopoly,

several lectures)
Readings:
By this week:
KW Chapter 15
For Next week:
Homework/Quizz
es:
Exams:
None
None
Other Important
Information:
23
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WEEK 13: NOVEMBER 28TH TO DECEMBER 4TH
Lecture #:
2324
Discussion:
Week 13
i>clicker #:
1819
Subjects/Concept
s:
Finish other market structures, monopoly, oligopoly,

several lectures)
Time, Uncertainty, risk and return
Readings:
This week:
For Next week:

KW Chapter 20
Homework/Quizz
es:
(16) Chapter 13 SCQdue December 4th by 11:55 pm

(17) Chapter 15 SCQdue December 4th by 11:55 pm
Exams:
None
Other Important
Information:
Sherries extra office hours to be announced in lecture

and on Canvas.
24
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WEEK 14: DECEMBER 5TH TO DECEMBER 11TH
Lecture #:
2526
Discussion:
Week 14
i>clicker #:
20, overflow*
Subjects/Concept
s:
Time, Uncertainty, risk and return
Readings:
This week:
Next week:
KW Chapter 20
None
Homework/Quizz
es:
(18) Chapter 14 SCQdue December 10th by 11:55

pm
(19) Chapter 20 SCQdue December 10th by 11:55
pm
Exams:
None
Other Important
Information:
The last lecture may have an i>clicker quiz if

something prevents an earlier quiz from occurring.
Exam 3 on Monday, December 12th during lecture
time.
25
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WEEK 15: DECEMBER 12TH

Lecture #:
Exam # 3
Discussion:
None
i>clicker #:
None
Subjects/Concept
s:
None
Readings:
By this week:
None
Homework/Quizz
es:
None
Exams:
Exam 3 on Monday, December 12th during lecture

class
Other Important
Information:
Have a great break!
26
101f16

101f16 Faq Syllabus Schedule 500 1

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Course Description, Syllabus, and Business Details

Economics 101-500 (24182)

Office Hours in room 2788 SSW Building

starting on September 12th. Students may make an individual appointment

Attendance at lecture and discussion is your responsibility. You do not

Late assignments are not accepted and there is no accommodation

Register your i>clicker on our Canvas site, not at i>clicker.com.

Launchpad requires newer browsers. Supported are Chrome 28 and

Monday through Thursday 8:00 a.m. to 3:00 a.m.

Friday 8:00 a.m. to 12:00 a.m.

Saturday 12:00 p.m. to 8:00 p.m.

Sunday 12:00 a.m. to 3:00 a.m.

Launchpad requires newer browsers. Supported are Chrome 28 and above,

Academic Misconduct and Grading

Sunday, September 25th

The syllabus contract assignment ensures that you understand

SCQs evaluate developing knowledge (like basic concepts or simple

Many lectures (and

i>clicker quizzes evaluate lecture attention, simple manipulation

Friday, October 7th,

Exams evaluate developed knowledge. They are more difficult than

(# of points you've earned/ # of points available)*100

Lecture, Reading, and Assignment Schedule

Class Introduction, organization, analytical approach,

Chapter 1 SCQpractice only, due September 11th by

Purchase the Launchpad and register your UM

WEEK 2: SEPTEMBER 12TH TO SEPTEMBER 18TH

Economic models, comparative advantage and

KW Chapter 2, (incl. Appendix), KW Chapter 9 (incl.

For Next week:

(1) Chapter 2 SCQdue September18th by 11:55 pm

Carefully read the syllabus.

free to ask questions if you do not.

WEEK 3: SEPTEMBER 19TH TO SEPTEMBER 25TH

Consumer decisions, utility, budgets and optimization,

For Next week:

KW Chapter 10 (incl. Appendix, skip 10A.3.1 and

WEEK 4: SEPTEMBER 26TH TO OCTOBER 2ND

The firm, its production and costs; pure competition

KW Chapter 11, KW Chapter 12

For Next week:

(3) Chapter 10 SCQdue October 2nd by 11:55 pm

Exam # 1 Friday, October 7th during discussion period

WEEK 5: OCTOBER 3RD TO OCTOBER 9TH

The firm, its production and costs; pure competition

KW Chapter 3, Part 1, secs. 3.13.4

For Next week:

KW Chapter 3, Part 2, secs. 3.53.6, KW Chapter 4

(5) Chapter 11 SCQdue October 9th by 11:55 pm

Exam 1, Friday during discussion period, covers

WEEK 6: OCTOBER 10TH TO OCTOBER 16TH

Supply and Demand, changes in supply and demand,

KW Chapter 3, Part 2, secs. 3.53.6, KW Chapter 4

For Next week:

(7) Chapter 3 SCQdue October 16th by 11:55 pm

Check out practice problems at the end of each

WEEK 7: OCTOBER 17TH TO OCTOBER 23RD

MondayFall Study Break, 12

Consumer and producer surplus continued, price and

For Next week:

(8) Chapter 4 SCQdue October 23rd by 11:55 pm

WEEK 8: OCTOBER 24TH TO OCTOBER 30TH

Elasticity, Excise taxes and subsidies