Econ1:PrinciplesofMicroeconomics

Fall2016PriceCenterTheatre

BasicInformation

• Instructor:ProfessorKateAntonovics– Office:Economics327– Officehours:Tuesdays1:45-3:15pm– Email:kantonov@ucsd.edu

• Thecourse:Wewillbeginthiscoursebyaskingwhy individualsinteractinmarketsettings. Wewillthen discussdemand, supplyandmarketequilibrium.Having donethatwewill examinemore closelyhowindividualsmakeconsumptionchoices,how firmsbehaveunderperfectcompetitionandwhyperfectly competitivemarketsleadtoefficientoutcomes.Finally,we discussinternationaltradeandthelabormarket.Therearenoprerequisites.

TopicOutlineTopic Reading

Comparative Advantage Chapter 2

Supply andDemand Chapter3

Elasticity Chapter4

Demand Chapter5 (includingtheappendix)

Perfectly CompetitiveSupply Chapter6

Efficiency, ExchangeandtheInvisibleHand Chapter7

InternationalTrade Chapter 27

TheLaborMarket Chapter12, pages325- 331

StuffYouNeed

1. TheUCSDcustomeditionofPrinciplesofEconomics,6th Edition,byFrank,Bernanke,AntonovicsandHeffetz (ISBN-9781308574394).TheUCSDcustomeditioncontainsanimportantappendixtoChapter5andadditionalmaterialoninternationaltradethatarenotinthestandard6th edition.ThisbookalsowillbeusedforEcon2andEcon3.

2. Connectaccesscode(for6e):YouMUSThaveanaccesscodetogainaccesstothedigitalmaterialsthataccompanythetextbook,includingthe weeklyon-lineassessments.YourinstructorsforEcon2andEcon3mayalsorequireyoutohavethisaccesscode.

3. i>clickerori>clicker2:availableattheUCSDBookstore(and,asalways,Amazon.com)

• AConnectaccesscodeplusaprintversionofthetextbookcomebundledtogetherattheUCSDBookstore:$106.75

• IrecommendthatyoubuytheBookstorebundlebecauseit’sagooddeal.Warning:donotloseyouraccesscode!!!YoumightneeditforEcon2orEcon3.

BuyingtheTextbook&AccessCode

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AWeekintheLifeofEcon11. Attendclass

a. Takenotes;partiallecturenotesarepostedonTritonedb. Answeroptional clickerdiscussionquestions.

2. Attendweeklydiscussionsections:YourTAswillgooveroldexamquestions,whichwillbepostedaheadoftimeontheclasswebpage.Answerswillnotbeavailableuntiljustbeforethemidterm.Youarenotrequiredtoattendsection,butitisrecommended.

3. Completeperiodicpre-classvideoquizzes:beforesomeclassesIwillaskyoutowatchshortvideosandcompleterelatedquizzes.

4. Completeweeklyonlineassessments

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2

3

ClickerDiscussionQuestionsIndividualVote GroupVoteSmallGroup

Discussion

Class-WideDiscussion

InstructorWrap-up

TraditionalCourses

Youlearnthehardstuffwhenthere’sno“expert”aroundtohelp.

FirstExposure

Lecture Textbook

ReadHardStuff

Homework

SeeifYouKnowHardStuff

Exam

ShowKnowledgeMastery

ThisCourse

• Yourfirstexposuretosomematerialwillhappenbeforelecture.• Thatwecanuseclasstimetoengageinactivitiesthatincreaseyour

understandingofthehardstuff.

SectionPre-ClassAssignments Lecture OnlineAssessments Exams

ShowKnowledgeMastery

FirstExposureLearnHardStuff

withMeandYourClassmates

SeeifYouKnowHard

Stuff

PracticeHardStuffwithTA

+QUIZ

Areclickersworthit?• WhenIhaveusedclickersinthepast,about90% ofstudentsagreedor

stronglyagreedthatotherinstructorsshouldusethisapproach.

• “IfeltlikeIcontributedmoretothisclassthananyotherclassbybeingabletodiscussmyanswerswithmypeers.Inaddition,IfeltlikeIwaslearningfrommypeersaswellwhentheydiscussedhowtheyapproachedtheiranswers.”

• “IfeellikeIamdefinitelymoreengaged.Andsincewediscussthequestionsamongourselves,itismorecomfortableforustoaskeachotherquestionsandhelpeachotherlearn.IstronglyfeellikeIampartofthelecturesandotherstudents'learningprocess,ratherthanjustabystander,listeningandmaybelearningnothing.”

WeeklyOnlineAssessments• Therearetwotypesofonlineassessments(BOTHarerequired)

– End-of-chapter(EOC)questions– LearnSmart (LS)adaptivelearningmodules– Bothgradedonthepercentageofquestionsyouanswer

correctly

• Tocompletetheonlineassessments,youMUSTHAVE aConnectaccesscode

• MostassessmentsaredueSundayat11pm.Lateassessmentsarenotaccepted.Noexceptions.

CourseGradesItem Option 1 Option2

In-ClassClickerDiscussion Questions• Gradedonlyonparticipation• Yougetfullcreditifyouclickatleast75%ofthetime• 6lowestclassesautomaticallydropped

5% 0%

Pre-ClassVideoQuizzes&OnlineAssessments• Approximately20individualitems• 6lowestscoresautomaticallydropped

5% 5%

Midterm1:Friday,October14th inclass* 20% 20%

Midterm2:Wednesday,November9th inclass* 20% 20%

FinalExam9amLecture:WednesdayDecember7th,8:00-11am*10amLecture:Friday,December9th,8:00-11am*

50% 55%

*ThedatesofthemidtermandfinalexamareNOTNEGOTIOABLE

COURSEGRADE =max{OPTION1,OPTION2}(Ichooseforyou)

GettingStartedwithConnect1. Logontotritoned.ucsd.edu andgotoEcon12. GototheOnlineAssessmentfolderintheContentarea.3. Clickon“Graphing”4. Followthepromptsto“Continue”and“RegisterNow”5. EnteryourUCSDemailaddress.Thisisimportant.Ifyouregister

withsomeotheremailaddress,youwillneedtocontactMcGraw-Hillcustomersupporttochangeyouremailaddress(seebelowforcontactinformation).

6. Enteryouraccesscode,orselect“BuyOnline”,orselect“StartFreeTrial”for14 daysoffreeaccess(seethescreenshotonthenextpage).

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Visit:www.mhhe.com/support

Call:(800)331-5094

Monday- Thursday: 5am - 1amFriday:5am - 6pm

Saturday:7am - 5pmSunday:9am- 11pm

(AlltimesPacific)

NeedHelp?

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CourseWebPagetritoned.ucsd.edu

• ALLcourseinformationandmaterials(includingacopyofthissyllabus)arepostedontheclasswebpage.

• YouMUSTregisteryouri>clickeronTritoned.– YES! Evenifyouhaveregisteredyourclickerforanotherclass.– ClickonRegisterYouri>clickerRemoteID inthecoursemenu.– Ifyoufailtodothis,youwillnotreceivecreditforanyofyour

clickerresponses!

AcademicIntegrity• Academicdishonestywillnotbetolerated.Studentsareexpected

todotheirownwork,asoutlinedintheUCSDPolicyonIntegrityofScholarship.AllsuspectedcasesofacademicdishonestywillbereportedtotheAcademicIntegrityCoordinator.InadditiontothepenaltiesimposedbytheAcademicIntegrityReviewBoard,Ialsoreservetherighttofailstudentsfoundguiltyofacademicmisconduct.

• Thefollowingareafewexamplesofacademicdishonesty1. Usingsomeoneelse’sclickerinclass2. Havinganotherstudentcompleteanassignmentforyouorgiveyou

answerstospecificquestions3. Usingunauthorizedmaterialsinanexam4. Lookingatanotherstudent’sanswersduringanexam5. Havingsomeoneelsetakeyourexamforyou6. Lyingabouthavingtakenanexamorcompletedanassignment

AdministrativeIssues1. Ifyouhaveadocumenteddisability,pleasetotalktoSylviaRamirezas

soonaspossiblesothatshecanmakesuitableaccommodationsforyou.Sylvia’sofficeisinSequoyahHall245.Ifyoubelievethatyouhaveadisabilityanddesireaccommodation,pleaseregisterwiththeOfficeforStudentswithDisabilities.

2. Ifyouneedtomissamidtermforaverifiablemedical/legal/sportsreason,yourmidtermgradewillbeyourgradeonthefinal.Failuretonotifymepromptlythatyoumustmissamidtermwillresultinazerogradeforthatmidterm.Unexcusedabsenceswillalsoresultinazero.

3. Ifyouarrivelatetoanexam,Iwillallowyoutotaketheexaminthetimethatremainsaslongasnoonehasturnedinhis/herexamandlefttheroom.Onceaclassmatehasturnedinhis/herexam,youwillearnazeroonthetestifyouarrivelate.

AdministrativeIssues4. UCSDnowhasautomatedwaitlists.Ifyouhaveanyquestionsregarding

addingtheclass,pleasecontacttheundergraduateadvisorsinSequoyahHall245.

5. WiththepermissionoftheTA,youmayattendanydiscussionsectionandgotoanyoftheTA’sofficehours.

6. Midtermsandexamsthatyoudonotpickupwillbekeptfor30daysfollowingtheendofthecourseandthenthrownaway(atwhichpointyourscorescannotbedisputed).

Noteon9amvs.10amlecture• Ifyouwantclickerparticipationpoints,youMUST attendthe

lectureforwhichyouareregistered.• Forthemidtermsandfinalexam,youMUST taketheexamwiththe

lectureforwhichyouareregistered.• Theanswertothefollowingquestionsis“no”.

– CanItakethefinalexamwiththeotherlecturesoIcangotomysister’swedding?

– Ihave3finalexamsonthedayofourfinal,canItakethefinalwiththeotherlecture?

– IhavetomissclassnextweekbecauseIhaveadoctor’sappointment,canIgetmyclickerpointsifIgototheotherlecture?

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TOUROF CLASSWEBPAGE

Whatdostudentssayaboutmyclass?

“Asastudentwhohasnevertakeneconomicsbefore,IfeltthisclasswassucharealityshockinthattheseconceptswelearnineconomicscanACTUALLYbeappliedtoreallifeandinthisshort10weekclass,it'sjustastruggleto acceptthatthisishowtheworldruns.Ifinditverydifficulttodowellinaclassthatissorealistic.Iwouldnotrecommendthisclassunlessit'snecessarybecauseitisnoteasy!”

--anonymous,Fall2011courseevaluations

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ThisquarterJemMarasigan,anundergraduateatUCSD,andIareconductingastudyofvoterturnoutamongstudentsenrolledinthiscourse.Ourgoalistobetterunderstandthefactorsthataffectvoter-turnoutamongcollegestudents.Aspartofthisstudy,weareaskingyoutocompletetwoshortsurveysonTritonEd thataskyouaboutyourbackgroundandyourlevelofpoliticalengagement.Yourparticipationinthisstudyisvoluntary,andyoudonotneedtocompletethesurveystodowellinclass.Inaddition,beforeweanalyzethedata,bothstudentIDsandnameswillbedeletedfromthedata.Thiswillhelpkeepyourresponsesanonymous.Completingeachofthetwosurveyswillbeequivalenttoearning100percentonahomeworkassignment.However,ifyoudonotwishtocompletethesurveys,youwillhavetheopportunitytocompleteanalternativeassignment--oneforeachsurvey.Thealternativeassignmentsreviewbasicmathconceptsthatareusefulineconomicssuchasfractions,percentages,andratios.

Forthenextclass• BuythetextbookandaConnectaccesscode• RegisterforConnect• CompletethePre-SurveyorMathReview—due9/25/16at11pm

– Bothoftheaboveassignmentsareonlygradedoncompletion.– Completingtheassignmentsisequivalenttoearning100%onahomework

assignment– Youarenotrequiredtodoboth.– Ifyouwanttodoboth,youcanbutcreditwillonlybegivenforone

assignment.

• CompletetheGraphingassessment—due9/25/16at11pm• CompletetheChapter2VideoModule—due9/25/16at11pm• Buyani>clicker• Registeryouri>clickeronTritoned