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ECON 103 MICROECONOMICS

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    Holt, RUSTICI, BENNETT, elmerholt, BOUDREAUX, AlexT.Tabarrok, DavidV.Youngberg, DeemaYazigi, ThomasC.Rustici, JamesT.Bennett, SCOTTSMITH, JohannaBMollerstrom, DonaldJ.Boudreaux, DR.THOMASCARLRUSTICI, Thomas Rustici, James Bennett, Beud, Donald Boudreaux
  • Average Course Rating (from 23 Students)

    4.0/5
    Overall Rating Breakdown
    • 23 Advice
    • 5
      39%
    • 4
      22%
    • 3
      26%
    • 2
      9%
    • 1
      4%
  • Course Difficulty Rating

    • Easy 9%

    • Medium 48%

    • Hard 43%

  • Top Course Tags

    Great Intro to the Subject

    Always Do the Reading

    Great Discussions

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  • 24 terms

    Term:

    Which of the following is among the reasons identified by Adam Smith for why the division of labor increases an economy's total output?

    Definition:

    specialization of workers is more likely to encourage the development of machinery to perform specialized tasks

    • Exam I
    • 24 terms
    • Vocabulary for Exam I. Find, create, and access Supply And Demand, Economics Micro, The Wealth of Nations, potato chips flashcards with Course Hero.

MICROECONOMICS Advice

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    • Profile picture
    Jul 05, 2017
    | No strong feelings either way.

    This class was tough.

    Course Overview:

    This class teaches students about the importance of economics in everyone's lives. The concepts included supply and demand, and the consumer market, and how simple market actions led to huge results and impacts. It made me much more conscious about my actions as a consumer, for example, we talked about the effects of buying brand name versus generic. I would recommend this class for sure to students and anyone.

    Course highlights:

    Dr. Bennett gave us humorous situations when practicing economic problems with us in class. When we were experimenting with supply and demand curves and graphs, he would go off on a lecture that was humorous but still relevant. I learned a lot from note taking in those lectures. He took examples from the book so that we had the answer key and could practice ourselves. I learned that economics really isn't as hard as it can appear, as long as you put your mind to it. I also learned about competition and consumer actions in the market.

    Hours per week:

    9-11 hours

    Advice for students:

    To succeed in this class, you must read the textbook. Not only that, but to get an A, one would have to go above and beyond, and even look up YouTube videos that explained concepts. I did that many times before exams. It helped so much. I purchased additional books, such as a study guide to get more exposure to practice problems. I would advise that, and to never give up on it, it takes practice, patience and time to master these concepts, but please read the book, understand the graphs, and go to class for the lectures. Without the lectures, it is hard to understand.

    • Fall 2015
    • James Bennett
    • Yes
    • Math-heavy Always Do the Reading Requires Lots of Research
    • Profile picture
    Sep 29, 2017
    | Would highly recommend.

    Pretty easy, overall.

    Course Overview:

    Very good professor. He only tests on what he has covered in classes. Exams are straightforward, and there are no tricky questions. Only if you came to class, pay attention and take good notes, you will be fine. Easy A. No assignment no attendance, no quiz.

    Course highlights:

    Principles of microeconomics. You don't need to buy the textbook, and your notes would be the best study materials for his tests.

    Hours per week:

    3-5 hours

    Advice for students:

    Only if you came to class, pay attention and take good notes, you will be fine. You don't need to buy the textbook, and your notes would be the best study materials for his tests. Easy A.

    • Spring 2017
    • Donald Boudreaux
    • Yes
    • Profile picture
    Sep 05, 2017
    | Would highly recommend.

    This class was tough.

    Course Overview:

    Great professor. He's a very high rated professor and understands what he's teaching to the fullest. He also loves cracking jokes as his lectures ride on the 3 hours he has to teach his class.

    Course highlights:

    I learned a lot about the economics that run capitalism in American society and societies all around the world. His lectures were immersive about the terminology used in the economic world.

    Hours per week:

    3-5 hours

    Advice for students:

    Study. Study. And study. As a high school student I never had to study to get good grades. This made my first semester tough because I still had that mind set. The difference with high school and college is that the professors in college will give you everything you need to pass the class but they won't take you by the hand and study with you. This is done outside of class

    • Fall 2017
    • Beud
    • Yes
    • Math-heavy Great Intro to the Subject Go to Office Hours

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