204Lecture12006 - Economics 204 Summer/Fall 2006 Lecture...

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Economics 204 Summer/Fall 2006 Lecture 1–Monday July 31, 2006 Revised August 1, 2006; revisions marked by ** Bob Anderson Zack Grossman Website: http://emlab.berkeley.edu/users/anderson/Econ204 /204index.html Lectures will often run past 3:00, don’t schedule things before 3:30. Sections: 10-11, 11-12 in **608-7 Evans; please split up evenly. Prerequisites: Berkeley Math 53-54 or equivalent: four semesters of college mathematics linear algebra multivariable calculus rigorous: theorems stated carefully and some proofs given stream for engineers and scientists Grading in First Year Econ Grad Classes: median grade B+: solid command of material A and A- are really good grades; A+ truly exceptional B: ready to go on to further work. B in 204, ready to do 201A-B, 202A-B,240A-B B-: really marginal, but we’re not going to make you take it again. B- in 204, you’re going to have a very hard time in 201A-B. Should seriously consider taking Math 53-54 this year, retake 204 next year, delay 201A-B for a year. B- is a 1
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passing grade for Berkeley grad students, but grad students are required to maintain a B average. C: definitely not ready for 201A-B, 202A-B, 240A-B. Take Math 53-54 this year, retake 204 next year, defer 201A-B. 204 with at least a B- will be an enforced prerequisite for 201A-B. F: didn’t take final exam. F’s do horrible things to your GPA, so make sure you withdraw if you don’t take the final. Goals: Reduce heterogeneity of math backgrounds of students in Econ grad classes Advance everyone’s math skills Challenge everyone; consequently, not everyone will under- stand everything Develop math skills needed to work as a professional economist (text is from Penn’s math class for graduate students) Ability to read purported proofs and determine whether or not they are correct. Essential to reading the models underly- ing mainstream theoretical, empirical, and experimental eco- nomics papers. Ability to compose simple proofs; essential to writing models in mainstream theoretical, empirical, and experimental eco- nomics papers. Cover material in real analysis and linear algebra at a moderate level of abstraction (considerably more abstract than Math 53- 54).
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