ECON 201 Introduction to Microeconomics Winter2018 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: 01.03.18 End: 3.24.18 Finals Week: 3.20.18 – 3.24.18 Final for this course: 8:00- 12:00 am, Wed, 3.23.18 (on-line) Textbook: Principles of Microeconomics by Mankiw (7th edition)

What You Need to Know - Tools https://canvas.northseattle.edu 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. 1-4 Exam 2 – Week 7 - Chpt. 5-8 Exam 3 (Final) - Week 12 (13-17, 10,11) 3 Short papers/analysis of current topics (3 pages) (15%) Class Participation (10%)

Short Papers Paper Length Analysis of current economic problem Max of 3 pages Analysis of current economic problem Topic Assignment/Question available in Canvas 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) Tuesday and Thursdays– at North 9-10 AM Econ 201 (Micro) 10-11 AM Office hours By Appointment – Fridays?