lecture 1 - LECTURE 1: INTRODUCTION Course Objective Micro...

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2010: LECTURE 1 1 LECTURE 1: INTRODUCTION Course Objective Micro v . Macro Course Philosophy Syllabus and mechanics About me About you
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2010: LECTURE 1 2 COURSE OBJECTIVE - fun! - to learn about what inputs get used up and who gets the output in a country which uses system based on markets. - does the market system give an outcome we like? What is a market? A system in which goods change hands at voluntarily-agreed prices.
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2010: LECTURE 1 3 Must all countries have “market economies”? No Big picture: - how US economy works. - why US won cold war - had “better system”.
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2010: LECTURE 1 4 Are we studying the right system?
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2010: LECTURE 1 5 MICRO v. MACRO Micro - "small" - how decisions of many small agents, households and firms, come together to determine what happens and is it good? Macro - "big" - how total levels of output, unemployment, inflation and trade-levels are related. - how govt. should stabilize the economy
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2010: LECTURE 1 6 COURSE OUTLINE Look at players in a market: - households - demand side - firms - supply side - how they interact to determine what happens - is it good?
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2010: LECTURE 1 7 COURSE PHILOSOPHY I have the way of thinking. By lecturing, information placed in public arena - we can talk about it - not yet owned by you. To be owned by you, you need to use it: - “I hear and I forget; I see and I remember; I do and I understand” (Confucius) - “Learning by doing.” - examples "I do it, you do it" I do it - I go through material in class You do it - you work through Aplia problem sets over w/e - you do Recitation Problem Sets
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2010: LECTURE 1 PRINCIPLES OF MICROECONOMICS (ECON 2010-100) Department of Economics, University of Colorado Spring, 2010 Classtime: M,W,F: 1:00-1:50 pm Room: CHEM 140 Professor: Charles de Bartolome Recitation instructor: Office hours: M 10:30-11:30am; Tu 9:15-10:15am Recitation place: Thurs 1:15 - 2:15 pm. Recitation time: Office: Econ 203. Office hours: e-mail: debartol@colorado.edu Office: Textbook : Mankiw, N. Gregory, (2009), Principles of Microeconomics (5th Edition) WITH APLIA ACCESS. Southwestern/CENGAGE Learning. This book (with Aplia Access) is available either from the CU Bookstore ($178.50) or from the publishers direct ($162.49) at: Support Material: Each student must enroll in Aplia. In addition to providing additional learning materials, there will be weekly quizzes on Aplia which will be graded. Clickers Each student must buy a i>clicker . If you do not already own one, an i>clicker may be purchased at the University of Colorado bookstore. Clickers will be used to promote faculty-student interaction. They will also be used to give class problems which will be scored. Clickers should be registered at:
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This note was uploaded on 10/29/2011 for the course ECON 2010 taught by Professor Mertens,wi during the Spring '07 term at Colorado.

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lecture 1 - LECTURE 1: INTRODUCTION Course Objective Micro...

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