Econ 2301 Principles of Microeconomics (Spring 2014) Section 005 MWF 1:00-1:50 pm Holden Hall 76 Welcome! 1

Instructor: Lanlan Chu Office: HH Office hours: MWF 2:00-3:00 pm, or by appt. 2

Today Syllabus Assessment Test 3

What will we study? Eco 2301 is the first economic theory course basic foundation of economics  Theories of the consumers  Theories of the firms  Price determination tools of discipline  Application of theories to particular firms, industries and markets 4

Look at buyer and seller behavior (markets) consumer choice producer behavior role of government in markets 5

Why have retail oil prices risen (fallen)? 6

Why goods go on sale right before holiday? 7

Is Microsoft a monopoly? Why do we care? 8

Is college worth the cost? 9

Course Materials Required: Principles of Microeconomics by Case, Fair, Oster An access code to MyEconLab 10

MyEconLab Registration Course ID- chu07391 Student access code  get an access code with a new book purchase  buy the code separately in a student access card at the campus bookstore Follow the instructions step by step 11

Recommended Course web site (at top of the syllabus) contains Course information Part of lecture notes 12

Recommended Eco 2301 tutoring: HH 239 MWF: 10:00 am-5:00 pm TR: 2:00 pm – 5:00 pm but please see me too! 13

Grading Policy 3 midterm exams (100 pts. each) A cumulative final exam (100 pts.) Homework (10-12) Quiz (10-12) Extra credit? Grading scale in the syllabus 14

Exams 1, 2, 3 Multiple choice (30 to 40) Re-weighted at the end of the semester 15% on lowest grade 20% on remaining two grades 15

Makeup Exam It’s cumulative If you miss one of the first three midterm exams, and you have official university acceptable excuse, you will be allowed to makeup the exam If you miss one of the three midterm exams, and you don’t have an acceptable excuse, the makeup exam’s grade will replace it It will not replace the final exam’s grade It will not replace your lowest midterm grade 16

Final exam Cumulative 30% of your total final grade 17

Homework Homework weighs 8% Lose 30% of your each chapter’s homework grade for late submission per day 18

Quiz Quiz weighs 7% The only way you will be allowed to make up a quiz is by having an official University excused absence. 19

How do I find out my grades? Homework and quiz grades on MEL Exam grades on Raiderlink under the TTU MyTech tab 2Fwww.raiderlink.ttu.edu%2Fshim%2Flogin.jsp%3Fredire ctUrl%3D%252Fshim%252Floginprod.jsp& 20

Attendance Regular attendance is expected attendance is taken If you missed more than 6 classes, you will be reported to the academic dean (University policy) 21

Please be respectful of your classmates Be on time Do not talk during lecture Do not use cell phones Do not eat or drink in class Do not use laptops for nonrelated class activities Do not sleep 22

Cheating You cheat, I catch you, you fail the course I have the right to ask you to move seats prior to or during an exam 23

Course Schedule In syllabus Note midterm exam dates Note the final exam date & time Note the makeup exam date & time Note important dates 24

Tips for success Come to class with lecture notes to follow Finish HW and Quiz on time Read the book weekly “look-through” Ask for help (ME or the tutor or ME) Use available resources Course web site MyEconLab 25

I know this course is not easy for many students Worthwhile things are never easy. We all learn and grow when we are challenged. If you are struggling, use the resources available for help. 26

Other Things If you need special accommodations, see me If you are having problems in the course, see me sooner NOT later 27

Assessment Test An apart of an evaluation process for programs assessment in the department of economics Score on the test has nothing to do with your final grade Scantron: only course number ECO 2301 Exam: do not write anything on it 28