I identify the models and tools appropriate to a

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(i) Identify the model(s) and tools appropriate to a given economic problem/dilem ma, (ii) apply those models and tools and interpret results, and (iii) develop an economic way of thinking about the world In-class problem solving, graded APLIA problem sets, and exams Apply theories and methods of a field of expertise. Understand concepts and demonstrate knowledge in core areas of their field of study. Demonstrate knowledge of economics and how it improves individual decision making. In-class problem solving, graded problem sets, lab exams and written exams Engage independently and reflectively in lifelong learning. Develop a willingness to try new methods and problem-solving approaches, finding appropriate resources and supporting technological tools. Independently complete APLIA problem sets. Serve, collaborate and lead in a community Display positive interpersonal skills and practice helpful personal behaviors necessary for success in a college course Attendance, punctuality, helpfulness toward your classmates, participation in online discussion boards, study groups, etc.
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Microeconomic Analysis (4 credits) Econ 1310 Section 02 Tentative Lecture Schedule and Reading List Below please find a tentative lecture schedule and reading list. Please read the readings before coming to class and be prepared to discuss. I reserve the right to alter course content and/or adjust the lecture schedule to accommodate current events, class demands and class progress . PART ONE: INTRODUCTION TO MICROECONOMICS I. Introduction W Jan 31 A. Introduction to the course B. Introduction to course objectives C. Definition of microeconomics D. Definition of macroeconomics E. Definition of economics Required Reading; (1) Syllabus on BB. II. A brief overview of Microeconomics (F Feb 2) A. The purpose of models B. The economic point of view. C. The Concept of Opportunity Cost D. Thinking like an Economist: Why can’t we all agree? E. A brief note on Adam Smith and The Wealth of Nations Required Readings: (1) Mankiw, Chapter 2, pp. 20-21; pp. 27-23. PART TWO: THE LAW OF DEMAND AND SUPPLY I The Market Forces of Supply and Demand ( M Feb 5 - W Feb 7) A. What is a market? B. Competition versus perfect competition C. The Law of Demand: Deriving the demand curve D. Movement along the demand curve vs. shifting the demand curve E. The Law of Supply: Deriving the supply curve F. Movement along the demand curve vs. shifting the supply curve G. The concept of equilibrium
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Microeconomic Analysis (4 credits) Econ 1310 Section 02 H. Changes in equilibrium I. The importance of price in a market system Required Reading: (1)Mankiw, Ch. 4 II. Elasticity and Applications (F Feb 9 – M Feb 12) A. The concept of elasticity B. A general formula for any elasticity C. Elasticity of demand D. Total revenue and elasticity E. Elasticity along the demand curve F. Elasticity of Supply G. Income Elasticity H. Cross Elasticity I. Applications Required Reading: (1) Mankiw, Ch. 5 III. Supply, Demand and Government Policies ( W Feb 14 – M Feb 19) A. Theory of Price Ceilings B. Theory of Price Floors C. Incidence of Taxation D.
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