lecture1_final

lecture1_final - Microeconomics Spring 2008 Professor Jan...

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05/08/09 Introduction 1 Microeconomics Spring 2008 Professor Jan De Loecker Monday & Wednesday 9:30-10:45/11-12:15/2-3:15 TA recitation session starting week 1 W 08:00am - 09:15am WS TISC UC61: Wen-Jyh W 08:00am - 09:15am WS TISC UC62: Ihab W 04:55pm - 06:10pm WS TISC UC63: Wen-Jyh Office Hours Monday 3:30-5:00 Textbook: Pindyck and Rubinfield, Microeconomics
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05/08/09 Introduction 2 Three ‘teaching blocks’ Lecture : formal tools, language and analysis are introduced. Recitation by TA : further discuss material & ask questions about home works [important!] Home works and assignments : work on problem sets before recitation Current affairs: NY Times, FT, Economist, etc.
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05/08/09 Introduction 3 Course Blackboard Website: http://sternclasses.nyu.edu/ 1. lecture notes (slides) 2. assignments and keys 3. sample exams 4. announcements 5. discussion forum 6. contact info ( incl. TAs) ALL INFORMATION UNDER SECTION 1!
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05/08/09 Introduction 4 Prerequisites Basic Algebra and Calculus Math Guide posted online TA’s will go over a related problem set with you in first recitation (week 1).
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05/08/09 Introduction 5 Grading Policy Quiz 20% Midterm 30% Final 50% Weekly Problem Sets- not graded- TA’s go over the solutions in TA sessions. 4 quizzes – IF you take ALL quizzes then only your 2 best score count – ELSE average score 1 midterm 1 final- CUMULATIVE Samples of the midterm & final with solutions will be distributed
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05/08/09 Introduction 6 Course Goals Economics is a collection of tools for understanding the social and business world. Key Economic Concepts such as Marginal Costs and Benefits, Opportunity Costs, Supply and Demand.
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05/08/09 Introduction 7 Some things you should know Challenging course: Use and understanding of formal language, models and math Interpretation and logic reasoning Real world implications Steep learning curve and in addition a toolkit for future course work.
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05/08/09 Introduction 8 Today: introduction and some basic concepts (CPI) Economics as a social science Methods and fields of study Basic concepts: Normative versus positive analysis Market definition Prices & consumer price index (inflation)
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05/08/09 Introduction 9 Chapter 1 Introduction and Preliminaries
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lecture1_final - Microeconomics Spring 2008 Professor Jan...

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