econ101w0703 - (c) Sherrie A. Kossoudji Introductory...

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Unformatted text preview: (c) Sherrie A. Kossoudji Introductory Economics Economics 101--300 Lecture # 3 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. (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. (c) Sherrie A. Kossoudji Today’s Class • Brief Bits of Business—Introductions, GSi’s etc. • How do people make economic decisions? • Principle concepts: opportunity cost, marginal cost and benefit, present value • Principle tools: the production possibilities frontier, the margin • practice problem (c) Sherrie A. Kossoudji Introductions • There are five GSI’s for this class: – Head GSI—Seb Moosapoor, [email protected] – Erik Johnson, [email protected] – Laura Kawano, [email protected] – Andres Cooper, [email protected] – Charles Taragin, [email protected] • You will personally meet your GSI in this week’s discussion section. • GSI’s are responsible for discussion sessions, office hours, office hours on the web, homework assignments, and will help prepare, review, and grade quizzes and exams. • Be nice to your GSI. Notice changes in GSIs (c) Sherrie A. Kossoudji GSI Office Hours GSI Physical Web Andres Th 1-2 pm Thursday Erik (301, 306) Th 3-4 Tuesday Laura (305, 307) Monday Seb ? Office hours will be MOSTLY be in 102 Lorch Hall. Talk to your GSI to get the specific location. We will try to update you where possible. Remember, you can attend ANY GSI’s office hours to get help. (c) Sherrie A. Kossoudji Class Organization Issues • If you have any questions about class organization, please read the syllabus carefully (on the CTools web site, under the syllabus section) and read through the lecture # 1 slides and lecture 2 slides (on the CTools web site, under the resources section). (c) Sherrie A. Kossoudji Schedule: Week 2 WEEK 2: WEEK OF JANUARY 8TH Lecture #: 2-3 Discussion #: 1 Anderson: Chapter 2 Subjects/Concepts : Economic models, production possibilities, and trade Making decisions and costs, the margin Present value and time Readings: This week: Next week: KW Chapter 2, KW Chapter 7 KW Chapter 10, KW Chapter 8 Homework: Graded: Ungraded: Aplia pretest—due January 12th by 11:00 pm Aplia—Chapter 1, problem set II; Chapter 2, problem set I; Chapter 7, problem set I Section Quizzes: None Exams: None Other Important Information: None (c) Sherrie A. Kossoudji The Syllabus Contract Assignment Discussion group assignments should be complete in CTools. If you are newly registered in the class, or you do NOT see “syllabus contract” in assignments, please let me know by email today. Please include your discussion section number....
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This note was uploaded on 04/04/2008 for the course ECON 101 taught by Professor Gerson during the Winter '08 term at University of Michigan.

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econ101w0703 - (c) Sherrie A. Kossoudji Introductory...

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