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Unformatted text preview: Economics 103 Lecture #1 Administration: About Me 0. Name Doug Allen Office: WMX 2670 Phone: 3445 Hours: After Lecture/ Appointment- I cant sign you in or out.- Tutorial swaps must be done by 3 rd week. Administration: About the Web Page 1. Web: www.sfu.ca/~allen/103.html Administration: About the Books 1. Candide: - just read for fun for now.- look at last assignment around midterm. 2. The Greatest Textbook ever ...-available at: www.mcinnescreekpress.com Administration: About the Course This will either be the best or worst course you ever take. . Why? Because it is a course about thinking like an economist not a course about economics. Thinking like an economists requires the following skills: 0. Being Analytical. 1. Recognizing the model is sequential. 2. Being logical/mathematical.-We will not use anything beyond grade 9 math.- However, we use calculus ideas. the margin elasticity slopes at points etc. Thinking like an economists requires the following skills: 3. Being Analytical. 4. Recognizing the model is sequential. 5. Being logical/mathematical. 6. Being intuitive.- the economic model is made up of parts, but it works together to generate an equilibrium.- understanding in and out of equilibrium requires and economic intuition.- endogenous vs. exogenous variables....
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