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plugin-1B03%20Syllabus%20Fall%202011%20a - 1 McMaster...

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1 McMaster University Department of Economics Fall 2011 Economics 1B03 Introductory Microeconomics Instructor: Professor Hannah Holmes Office: KTH 442 ext.23834 Email: [email protected] *I only respond to email from your McMaster Account with a subject heading Office Hours: Wednesday 1:45 – 2:45 Anytime I’m in my office or by appointment (T W F afternoons) Lectures: Section C01 T, W, F 12:30 – 1:20 MDCL 1305 Section C02 T, W, F 3:30 – 4:20 MDCL 1305 Section EC01 T 7:00 – 9:50 MDCL 1305 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: Test 1 30% Test 2 30% Best 5 In-class Quizzes 5% (each counted quiz is worth 1%) Final Examination 35% 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, Fifth Canadian Edition. (Thomson, 2011) *Includes free Study Guide for Principles of Microeconomics Avenue access. http://avenue.mcmaster.ca Grading Details QUIZZES 5% of your Final Grade There will be 9 quizzes, of which your 5 best will be counted. Each one of your 5 best will be worth 1%, for a total of 5% of your total grade based on the quiz component of the course. Consider the 4 quizzes that do not count toward your final grade as “free passes” – should you miss a quiz, that quiz won’t count against you if you still have a free pass. If you miss more than 4 quizzes for medical or compassionate reasons approved by your faculty, your grade on the final exam will also serve as your grade on the missed quiz. EXAMPLES: You miss 4 quizzes for medical reasons – your remaining 5 will make up your quiz grade allocation. You miss 5 quizzes for medical reasons - the 4 you completed plus the grade on your final exam (out of 1%) will make up your quiz grade allocation. You miss 3 quizzes for no reason and another 2 for medical reasons – only the 4 quizzes you wrote will count towards your quiz grade allocation and you will receive a grade of 0 for the fifth, unwritten quiz. In other words, use your free passes wisely. Available at McMaster is the McMaster Student Absence Reporting Form, msaf. It may be used once per term to report an absence (like a missed test) from pieces of work worth 29% or less of your total grade. However, the msaf is not useful for reporting a missed quiz since you would have to have missed 5 quizzes, all with documentation, before any reweighting would take place. In other words, don’t waste your msaf on a quiz where it won’t make a difference. Each quiz will consist of 15 multiple choice questions. The quizzes are designed to be
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