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1 INTERMEDIATE MICROECONOMICS [Price Theory] (ECON301) University of Wisconsin-Whitewater, Department of Economics Fall 2011 Tuesdays and Thursdays 2:15-3:30 PM In Hyland 1301 Instructor: David Welsch Email: [email protected] Class Web Page: Office: Hyland 4400 (telephone: 4715) Office Hours: Tuesday 7:30-9:00AM and 12:30-1:00PM Thursday 7:30-9:00AM and 12:30-1:00PM Friday 10:00-11:30AM Also available electronically on Wednesdays from Noon-2:30 Also by appointment (Just email me or talk to me after class to set something up) I am also often here Thursday and Friday afternoons, but not always. Required texts: th edition, South-Western Perloff, Jeffery M., Microeconomics: Theory and Applications with Calculus, Pearson [available for checkout in my office ] Other Resources: The class webpage will have notes that will allow you to follow along with the lectures and “fill-in-the-blank”. At the end of these notes will be practice questions. It will be very hard if you come to class without these notes printed off. A three ring binder would be an excellent way to organize these notes. Prerequisite: ECON 201 and (MATH 243 OR MATH 250 OR MATH 253) Course Objectives: Learn microeconomic theory (price theory) [note: by theory, economists often mean math. I don’t mean math although it may seem like it at times]. We will also develop and improve problem solving skills. Note: this is a highly theoretical course; I will try to provide some examples, but the main goal of this course is to provide you with theoretical tools and problem solving skills to get more out of the other (more applied) field classes. A tertiary goal of this class is to learn jargon used in economic theory, so you can discuss economics with other economists. This class needs to cover a lot of difficult material fast, so I will talk fast thus you will need to put in a lot of work on your own to learn these things. Or as the philosopher 50 cent said: “…they say I talk a lil’ fast, but if you listen a lil’ faster I ain’t got to slow down for you to catch up,…”.
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2 Grading Policy: In this class we will have pop quizzes (a closed book quiz I will give at the beginning of 2-4 classes), assignments, a midterm, and a final. We will also have two “take home/ in class completion exams”; these will be several problems that I will give you ahead of time, but then will give you one problem as a 20 minute closed book exam in class. Note: there is no way to make-up “pop” quizzes or assignments. For pop quizzes I will take the top score of the 2-4 I collect. For assignments I will
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