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1B03 Syllabus Winter 2008

1B03 Syllabus Winter 2008 - 1 McMaster University...

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1 McMaster University Department of Economics Winter 2008 Economics 1B03 Introductory Microeconomics Instructor: Professor Hannah Holmes Office: KTH 442 ext.23834 Email: [email protected] Office Hours: Tuesday and Wednesday 11:00 – 11:45 Anytime I’m in my office or by appointment (T W F only) Lectures: Section C04 T, W , F 9:30 – 10:20 MDCL 1305 Section C03 T, W , F 12:30 – 1:20 TSH 120 This first course in microeconomics will explore basic concepts of demand and supply, consumers and producers, market structure and policy implications. At the end of this course, students will be able to - Understand how firms make production and pricing decisions - Understand the effects of policy changes on market outcomes - Understand how consumers and firms interact to reach equilibrium in different markets for goods and services Grading The grade distribution is as follows: BetterTest = 25% Lowest Test = 15% Best 7 Assignments = 14% (each assignment is worth 2%) Final Examination = 46% 100% Details on grading follow below.
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2 Course Materials The following are required for this course: Mankiw et al., Principles of Microeconomics, Third Canadian Edition. (Thomson, 2006) Aplia Software: available with purchase of the textbook or on-line. Details on how to purchase and register are attached at the end of this outline. WebCT access. URL: http://www.ltrc.mcmaster.ca/webct/index.shtml The following is optional, subject to bookstore availability: Study Guide for Principles of Microeconomics, Third Canadian Edition. Your Aplia package has ample practice questions with solutions. In most cases, the study guide is not necessary. I have put copies on reserve in the Mills library. Grading Details Assignments 14% of your Final Grade There will be 10 assignments to be done on the web using the software package Aplia. You must submit 7 assignments. You are encouraged to attempt all 10 assignments – if you submit more than 7, your best 7 out of your submitted assignments will be counted toward your final grade. Each counted assignment is worth 2% of your final grade, for a total of 14% of your final grade based on the assignment component. Consider the 3 assignments that do not count toward your final grade as “free passes” – should you miss an assignment, that assignment won’t count against you. If you miss more than 3 assignments for medical or compassionate reasons approved by your faculty, your grade on the final exam will also serve as your grade on the missed assignment. EXAMPLES: You miss 3 assignments for medical reasons – your remaining 7 will make up your assignment grade allocation. You miss 4 assignments for medical reasons- the 6 you completed plus the grade on your final exam (out of 2%) will make up your assignment grade allocation. IMPORTANT: All assignments are due on a Monday night by 10:00pm . The Aplia software does not accept late assignments. If you try to submit an assignment after the due date and time, it will be given a zero grade. If you still have free passes available, the missed assignment will not count towards your grade.
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