Eco 101 Principles of Microeconomics

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Eco 101 Principles of Microeconomics

• Section 830
• MWF 1130- 1225
• Mahar 204
• Welcome!

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• Dr. Liz Dunne Schmitt
• Dr. Liz
• Dr. Schmitt
• 431 Mahar
• x3455
• edunne_at_oswego.edu
• Office hours
• MW 10 -1120, T 1115-1215 and by appt.

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Today

• Syllabus
• Intro to economics

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What will we be studying?

• Eco 101 is the first economic theory course
• basic foundation of economics
• tools of discipline

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Look at

• buyer and seller behavior (markets)
• role of government in markets
• consumer choice
• producer behavior
• determinants of income and poverty

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Why have energy prices risen (fallen)?
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(No Transcript)
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Is Microsoft a monopoly?Why do we care?
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(No Transcript)
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What causes the gender wage gap?
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(No Transcript)
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Course Materials

• Required
• Intro to Microeconomics (2e)
• Edwin G. Dolan
• in both bookstores
• (24 new)

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Recommended

• course web site
• URL at top of the syllabus
• contains
• course information
• lecture notes
• exam study guides
• homeworks answer keys

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lecture notes

• Powerpoint slides
• You can print them 3-6 to a page

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Email list

• I send email about
• Grades
• Announcements
• Course information
• I only use Oswego email address

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• if you use another email address
• forward your campus email to the account you use
• link to email forwarding on the course web page

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Eco 101 tutor

• hours TBA
• but please see me too!

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Grading Policy

• 500 points total
• 3 exams during the semester
• (100 pts. each)
• final exam (100 pts.)
• 6 homeworks
• (20 pts. each, lowest dropped)
• extra credit (at least 10 pts.)
• grading scale in the syllabus

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exams 1, 2, 3

• multiple choice short answers/problems
• re-weighted at end of the semester
• 10 on lowest score
• 30 on highest score

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final exam

• cumulative
• NOT re-weighted

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How do I find out my grades?

• exams homework handed back
• Grades will NOT be posted outside my office
• I will email exam scores using your campus email
  address
• name_at_oswego.edu
• No grades over the phone!

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Makeups

• planned absence 1 weeks notice
• emergencies case-by-case
• must be an excused absence!
• must be documented!
• makeups may be essay exams or I may reweight
  other exams

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Attendance

• regular attendance is expected
• attendance is taken
• you are responsible for information conveyed in
  class
• attendance is necessary to earn extra credit

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Please be respectful of your classmates

• be on time
• do not talk during lecture
• do not have your phone on

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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
• programmable calculators (e.g. TI-83),translators,
  phones, PDAs, etc.
• are NOT allowed in exams

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Course Schedule

• in syllabus
• note exam dates, homework due dates
• note the final exam date time

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Tips for success

• come to class with lecture notes to follow
  augment
• read the book!!
• weekly look-through
• ask for help (ME or the tutor or ME)
• use available resources
• course web site

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Why you should pass this course.
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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
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I know this course is not easy for many students

• Worthwhile things seldom are.
• We all learn and grow when we are challenged.
• If you are struggling, use the resources
  available for help.

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

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My professional obligations

• Punctuality
• Availability outside of class
• Office hours, appt., voicemail, email
• Timely, detailed feedback
• Transparent grading
• Professional conduct
• Mastery of content