ECON 201 Introduction to Microeconomics Fall 2017 Don Perry

What You Need to Know - Tools Text: Microeconomics – Greg Mankiw (Version 7) Not Aplia! Most recent: 8th edition (not required) Canvas homework, in-class work/quizzes, gradebook

Required course Materials Textbook Gregory Mankiw, Principles of Microeconomics – 7th edition Available in the bookstore Hardbound, looseleaf or ebook Prior editions available from on-line sources (e.g. Amazon) Bookstore: has “price-matching” Canvas Source for Homework problems Source of In-class problems/worksheets Grades Relevant articles (classwork and extra credit analyses)

Getting Started Course Start/End Dates Begin: 09.25.17 End: 12.14.17 Finals Week: 12.11.17 – 12.14.17 Final for this course: 8:30- 10:00 am, Tues, 12.12.17 Textbook: Principles of Microeconomics by Mankiw (7th edition)

What You Need to Know - Tools http:\facweb\northseattle.edu\dperry\econ201 Organized by week Each weekly folder Lecture notes Relevant articles https://canvas.northseattle.edu Similar organization/materials as facweb Also has: homework problems, quizzes, grades, assignments and readings

Overview of What We Will Be Doing Introduction to Economic Modeling/Thinking (Ch. 1-3) Modeling How Markets Work (Ch. 4-6) Market Efficiency and Economic Welfare (Ch. 7-9) Market Failure – Negative/Positive Externalities and Common Property Resources (Ch. 10,11) Market Failure – Market Structure and Market Power – Competitive Markets, Monopoly and Oligopoly (Ch. 13- 17)

Grades – How Will They Be Determined? Three Components to Your Grade Calculation Homework (25%) Assigned weekly, available in Aplia (mostly) 3 Exams (17 % each – 50% total) Exam 1 – Week 4 - Chpt. 1-5 Exam 2 – Week 7 - Chpt. 6-8, 10, 11 Exam 3 (Final) - Week 12 (13-17, 9) 4 Short papers/analysis of current topics (3 pages) (15%) Class Participation (10%) Optional Extra Credit paper – economic analysis(3-5 pages) Choice of 4 topic areas Subject/Topic must be approved by start of 6th week Taxes/Price Controls Environmental Topics (Public Goods – Fisheries, Inoculations; Pollution - taxes/tradable permits) Market Failure (Cable TV, Pharmaceutical Drugs) Income Inequality

Short Papers Paper Length Analysis of current economic problem 3-5 pages Analysis of current economic problem From Approved List, or My Approval of a Topic of Your Choice Suggested Outline Problem Statement – what is the “economic problem” Literature Survey Brief review of what the academic economic literature says about it Critical review of Article Conclusion(s)

My Schedule and Office Hours Mondays and Wednesdays– at North and UW Bothell 9-10 AM at North Afternoon at UWB (Stats) 10-11 AM Office Hours at North Tuesday and Thursdays– at North 9-10 AM Econ 201 (Micro) 10-11 AM Office hours By Appointment – Fridays?