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Class1 - Econ 100 Jim Bushnell Class 1 Introduction Econ...

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Econ 100 1 Winter 2012: Professor Bushnell Econ 100 Jim Bushnell Class 1: Introduction 1
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Econ 100 2 Winter 2012: Professor Bushnell Outline What is Economics? Course goals Reading the syllabus – Available on smartsite – Course “deliverables” – Course Process Review of Key Calculus Concepts 2
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Econ 100 3 Winter 2012: Professor Bushnell What Economics is About Allocating Resources – Consumers choosing how (or if) to spend their money; Firms figuring out what products to make and how Predicting behavior (with econ. Models) – What firms will do, what stuff people buy, what prices will be Evaluating economic policy 3
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Econ 100 4 Winter 2012: Professor Bushnell Course process Textbook- “Microeconomics: Theory and Applications with Calculus” – 1 st or 2 nd editions are ok Follow textbook pretty closely (3 parts) Consumers and Preferences Firms and Costs Markets and Prices Semi-Weekly Problem Sets Additional practice questions posted on smartsite Role of sections: No sections this week 3 Exams 4
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Econ 100 5 Winter 2012: Professor Bushnell Problem Sets About six this quarter – Posted under “problem sets” on smartsite Work in teams is ok
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