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Econ_112_Spring08_syl_012108 - Econ 112:013 Sections...

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Econ 112:013 / Sections 013D-024D Draft : 1-21-08 Spring 2008; MW 10:00-10:50 am; SCHN 55 Professor: Dennis Heffley ([email protected] ), Monteith 348. Grad Assistants: Fei Fei ([email protected] ) --sections 013D, 014D; Maura Williams ([email protected] ) --sections 015D, 019D; Leshui He ([email protected] ) --sections 016D, 017D, 022D; Jennifer Skiba ([email protected] ) --sections 020D, 021D; Parag Waknis ([email protected] ) --sections 018D, 023D, 024D. PRINCIPLES OF MICROECONOMICS This is probably the first, maybe second, economics course you’ve taken. Whenever you tackle a new subject, there’s plenty of language or jargon to learn, and economics has its fair share. Beyond the concepts and definitions, though, economics offers a way of thinking about the world and the way it works—not simply the world of stock markets, financial institutions and corporations, but almost any activity that involves conscious decisions. Choosing a major, aging a bottle of wine, searching for an apartment, planting or cutting a tree, visiting the doctor, deciding to relocate—all involve decisions that can be analyzed using basic economic principles and methods. This course will introduce you to these analytical tools, but we’ll also try to get you to the point where you can apply them to problems that interest you. Fortunately, most of economics is common sense, so the key ingredient is a little effort from all of us. Come to class, read the book, work the problems, discuss economic issues, ask questions, and apply what you learn to what you see around you. All of that will help. Text, Software, Other Readings, Discussion Sections We’ll use one required book. It’s a nicely written text that covers the essentials and makes particularly good use of everyday examples to get the ideas across: Microeconomics: A Contemporary Introduction, 7 th Edition ; William A. McEachern; Thomson/South-Western; 2006. Instead of having you purchase a workbook , we’ll also be using an online software package, developed by Stanford economist Paul Romer. Aplia includes interactive problem sets, tutorials, news analyses, and economic experiments to support economics courses. You’ll get more information about this during the first day or two of classes, but you also should see the last couple pages of this syllabus for more details. Aplia assignments are due at specific times on given dates, and will comprise 10% of your course grade, so it’s necessary that you purchase the service and start to work immediately. We’ll have an in-class demo of Aplia , 1 1
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but I think you’ll quickly learn the essentials. Disclaimer: I am not financially affiliated with Aplia and receive no monetary benefit from requiring this material. Western College Publishing, Other readings may be assigned in class and posted on the Aplia website for this course (www.aplia.com ). Typically these will be articles that can be accessed online. Such readings might focus on contemporary issues, and should provide a better sense of how economics enters into so many of our activities and the choices we face.
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