Economics 73-100, Principles of Economics, Fall 2011
TOPIC OF COURSE: Strengths
and weaknesses of market decision making and various forms of government
intervention in markets
LECTURE HOURS: Monday
and Wednesday, 11:30-12:20 in PH 100, 12:30-1:20 in PH 100
DISCUSSION HOURS: Friday,
11:30-12:20, Sections: A (WEH 5302); B (PH 100); C (WEH 4623); D (WEH 4709);
E
(BH A53); F (WEH 5403)
Friday,
12:30-1:20, Sections: H (PH 100); I (PH A18B); J (PH A21); K (HH B103);
L
(HH B131); M (DH 2122)
COURSE INSTRUCTOR: Steven
Klepper
EMAIL ADDRESS: sk3f@andrew.cmu.edu
OFFICE HOURS: Monday
and Wednesday, 10:00 - 11:00, and by appointment
OFFICE LOCATION: Porter
Hall 219-F
OFFICE PHONE: 412-268-3235
REQUIRED BOOKS: Principles of
Economics: Micro,Tenth
Edition, by Willis L. Peterson, and
Problems in Microeconomics by Steven Klepper.
All
assignments are from these two books.
They are both available in the University Bookstore.
COURSE HOME PAGE: http://www.andrew.cmu.edu/course/73-100/
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TOPIC OF |
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REVIEW OF PRIOR EXAMS |
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QUIZ |
DISCUSSION |
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EXAM |
BEFORE |
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WEEK |
DATE |
PROBLEM SET DUE |
DUE |
SECTION |
ASSIGNMENT |
SCHEDULE |
EACH TEST |
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1 |
8/29-9/2 |
Print suggestions for
completing problem set 1 (hand in week 2) |
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No Class |
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2 |
9/7-9/9 |
1
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1 |
Procedural |
Chs. 1, 2, & 3, and |
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pp. i-iv in Problems
In Microeconomics |
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3 |
9/12-9/16 |
No Assignment |
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1 |
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4 |
9/19-9/23 |
2 |
2 |
1, Test 1 |
Chs. 4 & 5 |
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5 |
9/26-9/30 |
Mixed Bag I & print
Fall 2010 Exam 1 |
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2, Test 2 |
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6 |
10/3-10/7 |
3 |
3 |
Mixed Bag I |
Chs. 6 & 7 |
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Class Review, 10/5 7:30 pm, PH 100 |
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7 |
10/10-10/14 |
No Assignment |
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3, Give back Exam I |
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Exam I 10/12 |
Session I, 10/10 8:30 pm DH 2210 |
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8 |
10/17-10/19 |
4** |
4** |
No Class— Test 3
given in
lecture, 10/19 |
& Chs. 10
& 11 |
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9 |
10/24-10/28 |
Mixed Bag II |
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4, Test 4 |
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10 |
10/31-11/4 |
5 |
5 |
Mixed Bag II |
Chs. 12 & 13 |
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11 |
11/7-11/11 |
6 |
6 |
5, Test 5, Give back Exam II |
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Exam II 11/9 |
Session II, 11/7 8:30
pm DH 2210 |
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12 |
11/14-11/18 |
Mixed Bag III |
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6, Test 6 |
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13 |
11/21 |
No Assignment |
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No Class |
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14 |
11/28-12/2 |
7 |
7 |
Mixed Bag III |
Chs. 16 & 18 |
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15 |
12/5-12/9 |
No Assignment |
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7, Test 7, Give back Exam III |
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Exam III 12/5 (Monday) |
Session III, 12/4 1:30 pm PH 100 |
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** Problem Set 4 and Quiz 4 to be handed in at end
of lecture on Wednesday, 10/19.
Mini-test 3 also administered in lecture on
Wednesday, 10/19.
ASSIGNMENTS AND EXAMS
1. There are 10 problem sets and 7 quizzes that
must be completed as of the dates listed above and handed in, on time, only
in discussion section. The problem
sets and quizzes will be graded solely on the basis of EFFORT. They will be graded either
excellent, good, satisfactory, or unsatisfactory.
2. There will be 7 short open-book,
open-notes mini-tests. Six will be
administered in discussion section and one (test 3) in lecture on the dates
listed in the above schedule. These
tests will be composed of one question comparable to either the quiz or one of
the problems in the problem set corresponding to the mini-test.
3. There will be three open-book,
open-notes term exams and an open-book, open-notes final exam.
GRADING
1. Performance in discussion section will constitute 15% of the final grade. Students will be graded either excellent (100 points), good (85 points), satisfactory (70 points), or unsatisfactory (0 points). This grade will be based solely on EFFORT. This includes effort on the problem sets, quizzes, participation in the discussion section class, and interactions with the discussion section leader outside of class (e.g., seeking out help). To earn a satisfactory grade, the student must receive a satisfactory grade on at least 8 of the 10 problem sets and 5 of the 7 quizzes. Grades of excellent will be reserved for students who make a sustained, exemplary effort throughout the semester on their problem sets, quizzes, participation in discussion section, and interactions with the discussion section leader outside of the discussion section.
2. Performance on the 7 tests administered in
discussion section (except test 3, which will be administered in lecture on
10/13) will constitute 15% of the final grade.
This performance will be measured by the average grade on the
tests. No makeups
will be given on the tests. For students
who miss tests due to legitimate reasons, the average grade on the tests will
be computed based on the tests taken.
Students who miss a test without a legitimate excuse (including sleeping
through a test) will be given a zero on the test. Students must have a written excuse from a
health care professional dated on the
day of the test or earlier to be excused from a test for medical reasons.
Nonmedical excuses must be cleared with the instructor before the time of the
test. Students certified as needing
extra time on exams must make suitable arrangements with the instructor at
least one week before the date of an exam.
3. Performance on each of the term exams will
constitute 10% of the final grade and performance on the final exam will
constitute 40% of the final grade. No makeups will be given on the term exams. If a student has a legitimate excuse for
missing a term exam, the 10% weight of the term exam will be transferred to the
final exam. For example, if a student
misses one term exam with a legitimate excuse, the other two term exams will
still constitute 10% of the final grade and the final exam will constitute 50%
of the final grade. Students who miss an exam without a legitimate excuse
(including sleeping through an exam) will be given a zero on the exam. Students must have a written excuse from a
health care professional dated on the
day of the exam or earlier to be excused from an exam for medical reasons.
Nonmedical excuses must be cleared with the instructor before the time of the
exam.
MAIN
COURSE LEARNING OBJECTIVES
1. Understand how markets operate in order to analyze
how interference in markets affects price, quantity, and the welfare of market
participants.
2. Understand how events
affect the terms of transactions in the short and long term in order to be able
to explain variations over time in price and output of specific goods and
services.
3. Understand and apply
the concept of marginal analysis in order to make optimal choices.
4. Understand the factors
underlying economic growth and the determinants of economic growth in the long
term and be able to explain why countries have grown at different rates
historically.
5. Understand the
strengths and weaknesses of market decision making in order to determine the
economic activities best undertaken by government.