lec01 - Final Exam Grading Problem Sets: 5% total Midterms:...

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ECONOMICS: How societies use scarce resources to produce valuable commodities and distribute them among people. What goods are produced? What resources are used to produce the goods? Who gets to consume the goods? Scarcity Choice Opportunity Cost Opportunity cost: What we forego when we make a choice. Creation of abundance. .. • Ways to produce more. • Opportunities for mutually advantageous trade. • New products and processes. Economics How to create more benefits with existing scarce resources. Microeconomics: Behavior of individual consumers and firms. Macroeconomics: Behavior of the economy as a whole. Course requirements: Lectures Sections Textbook 5 Problem Sets 2 Midterm Exams
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Unformatted text preview: Final Exam Grading Problem Sets: 5% total Midterms: 25% each Final Exam: 45% Each GSI grades his/her students. Expected grade distribution for each GSI: As 30% Bs 35% Cs and below 35% Textbook Principles of Economics, 8 th or 7 th edition, by Case and Fair Course website http://elsa.berkeley.edu/~train/ec1.html Lecture slides Hardcopy of slides available at Desktop Design Center 100 Berkeley Square Online at course website Remember . .. Be sure to attend your section in the first week of class, or contact your GSI to say that you want to take the course. Otherwise you will be dropped from the course....
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This note was uploaded on 04/03/2008 for the course ECON 1 taught by Professor Martholney during the Fall '08 term at University of California, Berkeley.

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lec01 - Final Exam Grading Problem Sets: 5% total Midterms:...

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