1. Econ 110 Principles of Microeconomics Welcome!

2. Dr. Anwar Al-Shriaan Economics Department Office hours: Monday and Wednesday 10:00 – 10:50 am and by appt.

3. Today Syllabus Intro to economics

4. What will we be studying? Eco 110 is the first economic theory course basic foundation of economics tools of discipline

5. Look at buyer and seller behaviour (markets) role of government in markets consumer choice producer behaviour determinants of income and poverty

6. Why have energy prices risen (fallen)?

7. Why does price control not work?

8. Is Microsoft a monopoly? Why do we care?

9. Is college worth the cost?

10. What causes the gender wage gap?

11. Why do airlines require a Saturday night stay for a low fare?

12. Course Materials Required: McConnell and Brue“ Economics“, 16th ed

13. Recommended course web site URL at top of the syllabus contains course information exam study guides TA’s

14. lecture notes PowerPoint slides

15. Email list I send email about Announcements Course information Register your email address online.

16. TA Check my website But please see me too!

17. Grading Policy Midterm 1 25% Midterm 2 25% Recitation 10% Participations 10% Final 30%

18. Grading Policy Letter grades will be assigned as follows: 93.00 – 100.0 % … A 90.00 – 92.99 % … A- 86.00 – 89.99 % … B+ 83.00 – 85.99 % … B 80.00 – 82.99 % … B- 78.00 – 79.99 % … C+ 73.00 – 77.99 % … C 70.00 – 72.99 % … C- 66.00 – 69.99 % … D+ 60.00 – 65.99 % … D 59.99 – 0.00 % … F

19. Grading Policy Your Final Grades: 1 st Mid + 2 nd Mid + TA + Part + Final. If Your Participation > 8.5 you will have Extra credits as follows: Your Final Grades: 20% X Max (1 st Mid, 2 nd Mid, Final)

20. Grading Policy Your Final Grades: 1 st Mid + 2 nd Mid + TA + Part + Final. If Your Participation > 8.5 you will have Extra credits as follows: Your Final Grades: 20% X Max (1 st Mid, 2 nd Mid, Final) 1 st Mid (25) 2 nd Mid (25) Part (10) TA (10) Final (30) Total 2122992182B- 84%88%70% 86 B+

21. 1 st Mid (25) 2 nd Mid (25) Part (10) TA (10) Final (30) Total 1517992777C 60%68%90% 82.4 B-

22. 1 st Mid (25) 2 nd Mid (25) Part (10) TA (10) Final (30) Total 1517593076C 68%100%76 1517993080B- 86B+

23. final exam cumulative

24. Makeup's Usually I don’t do it planned absence: 1 week’s notice emergencies: case-by-case must be an excused absence! must be documented! makeup's may be essay exams or I may re weight other exams

25. Attendance regular attendance is expected you are responsible for information in class attendance is necessary to earn extra credit.

26. Please be respectful of your classmates be on time do not talk during lecture do not have your phone on

27. Cheating you cheat, I catch you, you fail the course programmable calculators (e.g. TI- 83),translators, phones, PDAs, etc. are NOT allowed in exams

28. Course Schedule in syllabus note exam dates, note the final exam date & time

29. Tips for success come to class with lecture notes to follow read the book!! weekly “look-through” ask for help ME or the TA or ME use available resources course web site

30. Why you should try to learn something in this course. Percentage of wage dispersion explained by skill factors. Huge variation in earnings of low vs. high-skilled college graduates

31. if you need special accommodations, see me if you are having problems in the course, see me sooner NOT later