Fall 2023ECON1100 section 1

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Economics 1100-1 Introduction to Economics 1 Fall 2023 Instructor: Sean Coughlin Lecture Hours : Mondays and Wednesdays 2:30 pm - 3:50 pm Lecture Location: Odette Building Room 104 Office Hours: Mondays and Wednesdays 11:30 am - 12:30 pm Lambton Tower Room 6111 E-mail: [email protected] COURSE DESCRIPTION This course will introduce you to the fundamental principles of microeconomics. We will study how individuals and firms make decisions, and how those decisions determine market outcomes. Topics to be covered include the efficiency of markets, market failures, firm behaviour and industrial organization, as well as the role of government in regulating market outcomes. PREREQUISITES A basic understanding of graphical analysis (plotting points, lines, and calculating slope) and basic algebra will be useful throughout the course. COURSE OBJECTIVE By the end of this course, you able to use graphs and simple algebraic expressions to express microeconomic principles; explain how markets might lead to an efficient allocation of society's resources; explain how firms make production decisions in different competitive environments; explain how government policy can either correct or contribute to the problems that arise when markets allocate resources. COURSE MATERIALS & POLICIES Textbook The required textbook is Microeconomics, 17 th Canadian Edition by Christopher Ragan. MyLab We will use MyLab for assignments. These assignments constitute 25% of the grade for this course . Lowest 2 scores will be dropped. MyLab bundled with the eTextbook can be purchased directly from Pearson ( www.mypearsonstore.ca ). 1
The assignment of digital learning resources at the University of Windsor is governed by a policy entitled The Use of Digital Learning Resources for Instructional and Assessment Purposes, which can be viewed at: http://www.uwindsor.ca/provost/sites/uwindsor.ca.provost/files/digital_learning_resource_policy_frequently _asked_questions_with_link_july_19a.pdf Should you have any concerns about the assignment of digital learning resources for this course, please let the Associate Dean responsible for undergraduate programs in your Faculty know in writing, as the University regularly reviews this policy based on campus community feedback. To register for ECON 1100-1 Introduction to Economics 1: 1. Go to https://mlm.pearson.com/enrollment/coughlin27552 . 2. Sign in with your Pearson student account or create your account. 3. Select any available access option, if asked. o Enter a prepaid access code that came with your textbook or from the bookstore. o Buy instant access using a credit card or PayPal. o Select Get temporary access without payment for 14 days. 4. Select Go to my course. 5. Select ECON 1100-1 Introduction to Economics 1 from My Courses. If you contact Pearson Support, give them the course ID: coughlin27552 To sign in later: 1. Go to https://mlm.pearson.com . 2. Sign in with the same Pearson account you used before. 3. Select ECON 1100-1 Introduction to Economics 1 from My Courses. Non-Textbook Materials A critical part of understanding economic theory is learning how to apply it. Reading news articles, particularly those covering the economy, from websites such as the New York Times , Washington Post, Wall Street Journal, and other reputable sources is helpful for gaining a deeper understanding. Below is a list of helpful resources. Freakonomics podcast: http://freakonomics.com/ (Longer, more in-depth talks with economists, social scientists, engineers, scientists, etc. Cover subjects that may lie outside the boundaries of "traditional" economists. Good listen for the aspiring young economists). 2
The Loonie Hour Podcast: Home - The Loonie Hour The Loonie Hour is a Canadian based macroeconomic podcast covering newsworthy events across the globe and how they will impact Canadians. Khan Academy: https://www.khanacademy.org/economics-finance-domain/microeconomics (Free, short, and clearly explained videos on core economics concepts and beyond. Great resource for self- study.) Emails I will respond to emails as soon as possible. Emails most likely will not be responded to on weekends, however, around exam dates this may change. Before emailing me with a question be sure to check the syllabus or any university resources. REQUIREMENTS AND GRADING Grading Your final grade (letter) will be based on the following scale: % range Letter grade % range Letter grade % range Letter grade 90-100 A+ 73-76.9 B 60-62.9 C- 85-89.9 A 70-72.9 B- 57-59.9 D+ 80-84.9 A- 67-69.9 C+ 53-56.9 D 77-79.9 B+ 63-66.9 C 50-52.9 D- 0-49.9 F This will be determined using the following scheme: Evaluation Date and time Location Weight Midterm exam I Oct 4 th In class 25% Midterm exam II Nov 8 th In class 25% Assignments T.B.A. MyLab 25% Final exam (non-cumulative) T.B.A. In class 25% COURSE OUTLINE ( These readings are tentative, and they are subject to change at the discretion of the instructor. ) What is Economics? Chapters 1-2 (omit sections 2.3, 2.4) An Introduction to Demand and Supply Chapters 3-5 Consumers and Producers Chapters 6-8 (omit appendices) Market Structure and Efficiency Chapters 9-12 3
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