econ101w0713 - Introductory Economics Economics 101-300...

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(c) Sherrie A. Kossoudji Introductory Economics Economics 101--300 Lecture # 13 Sherrie A. Kossoudji If you print the preliminary version of these slides before class, please be aware that they are likely to change right up to class time.
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(c) Sherrie A. Kossoudji Please remember that reading these slides does not substitute for attending class. These slides are merely outline guides for what is discussed during the lecture.
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Schedule: Week 7 WEEK 7: WEEK OF FEBRUARY 12TH Lecture #: 12-13 Discussion #: 6 Anderson: Chapter 4 Subjects/Concepts: Efficiency and equity Readings: This week: Next week: KW Chapter 13 No new readings for week of midterm exam Homework: Graded: Ungraded: Chapter 5, problem set II; Chapter 6 problem set II Chapter 13, problem set I Other Important Information: Sherrie’s extra office hours announced in lecture. Exam Review # 1: Saturday, February, 17th Exam Review # 2: Sunday, February, 18th
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(c) Sherrie A. Kossoudji Midterm Business The midterm is from 6-8pm on Wednesday, February 21 st . You MUST bring your UM student ID to the midterm. You will not be permitted to take the midterm without your ID. Discussion section numbers 301, 302, 303, 304, or 309— take the midterm in Lorch Hall Auditorium Discussion section numbers 305, 306, 307, or 308—take the midterm in the School of Education Auditorium, room 1202 There will be 25 multiple choice questions on the midterm and the midterm is worth 50 points.
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(c) Sherrie A. Kossoudji Midterm Support Midterm Review Sessions in Angell Auditorium D: Saturday, February 17 th , 2:00—3:30 Sunday, February 18 th , 2:00—3:30 Sherrie’s pre-midterm office hours in 2788 SSW Building: Tuesday, February 13 th , 2:15—3:30 Thursday, February 15 th , 1:00—2:30 Thursday, February 15 th , 3:30—5:00
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(c) Sherrie A. Kossoudji Today’s Class Business Efficiency and Equity, market and economy Principle concepts: efficiency, equity, tax burden, surplus Principle tools: the demand curve, the supply curve WWWTP & practice problem
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(c) Sherrie A. Kossoudji Efficiency and Equity as Goals Efficiency an important goal Idea of welfare an important goal efficiency and our welfare measure of the surplus often in concert Equity or just fairness important goal How can efficiency and fairness be in conflict?
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This note was uploaded on 04/04/2008 for the course ENGR 101 taught by Professor Ringenberg during the Fall '07 term at University of Michigan.

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econ101w0713 - Introductory Economics Economics 101-300...

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