Fall 2015 Don Perry ECON 201 Introduction to Microeconomics

What You Need to Know - Tools 1. Text: Microeconomics – Greg Mankiw (Ver 7) Ebook (with access code) or hard copy 2. Publishers software – Aplia homework, exams, gradebook Access to Aplia needs an access code (bookstore or on- line) Grace period (free) starts 9/28/2015 Ends 10/18/2015 Bundled with and without text at the bookstore, or available on-line (be sure to get Version 7)

At the Bookstore 1. New Text (HB and LL) + Aplia access code 2. Used Text (no access code) 3. Access code for Aplia (and ebook)

Accessing Materials on Aplia 1. How to access your Aplia course – copy the url into your browser CKFM-8DCRhttp://login.cengagebrain.com/course/VB2X- CKFM-8DCR If you already have a Cengage account, Login with the address and password you used previously If you don't have an account, click the Create an Account button, and enter your course key when prompted. 2. Course Key: VB2X-CKFM-8DCRVB2X-CKFM-8DCR 3. Free (grace period): 28 Sep – 18 Oct

What You Need to Know - Tools Organized by week 1. Each weekly folder 2. Lecture notes 3. Relevant articles

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

Grades – How Will They Be Determined? Three Components to Your Grade Calculation 1. Homework (15%) Assigned weekly, available in Aplia (mostly) 2. 3 Exams (20% each – 60% total) Week 3 – Monday – Chpt. 1-5 Week 6 – Monday – Chpt. 6-8, 10, 11 Week 12 (12/14) Final Exam (13-17) 3. 2 Short papers – economic analysis(3-5 pages) (25% total) 1. Choice of 2 of 4 topic areas 1. Taxes/Price Controls 2. Environmental Topics (Public Goods – Fisheries, Inoculations; Pollution - taxes/tradable permits) 3. Market Failure (Cable TV, Pharmaceutical Drugs) 4. Income Inequality

Short Papers 1. Paper Length 3-5 pages 2. Analysis of current economic problem From Approved List, or My Approval of a Topic of Your Choice 3. 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)

Getting Started – Accessing Resources 1. Aplia Go to: 2. Course Key: VB2X-CKFM-8DCR 3. 3 week grace (free) period Begins: 9/28/2015 Ends 10/18/2015

My Schedule and Office Hours Mondays and Wednesdays – at North 9-10 AM Econ 201 (Micro) AM Econ 202 (Macro) 11 AM – 12 Office Hours Tuesday and Thursdays – at North and UW Bothell 9-11 AM at North 1PM – 3PM at UWB (Stats) No Office Hours at North By Appointment – Fridays?