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first class - Economics 101 Introductory Microeconomics...

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Economics 101 Introductory Microeconomics Amit K. Gandhi Office Hours: Mon and Wed 4-5 PM 6426 Social Science
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Syllabus Schedule of reading and homework available through Aplia Two Midterms (Feb 20 and April 9) Each Midterm 20%, Homework 20%, Final 40% OR Higher Midterm Exam 30%, Homework 20%, Final 50%
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The Text Robert Frank and Ben Bernanke, “Principles of Microeconomics” 3 rd edition Schedule of readings and homework assignments available through www.aplia.com . Course key is : 6SGG-AVWB-FBQG
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“I’d like to introduce you to Marty Thorndecker. He’s an economist but he’s really very nice.”
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Most students who take introductory economics leave the course without really having learned even the most important basic economic principles. Their ability to answer simple economic questions several months after leaving the course is not measurably different from that of people who never took a principles course.* *Hansen, W. L., M. K. Salemi, and J. J. Siegfried. 2002. Use it or lose it: teaching economic literacy. American Economic Review (Papers and Proceedings), 92 (May): 463-72.
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Opportunity Cost The opportunity cost of a engaging in an activity is the value of everything you must sacrifice to engage in it.
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concept successfully? “Do Economists Recognize an Opportunity
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first class - Economics 101 Introductory Microeconomics...

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