Eco 101 Principles of Eco 101 Principles of MicroeconomicsMicroeconomics

Section 830

MWF 11:30- 12:25

Mahar 204

Welcome!

Dr. Liz Dunne Schmitt• Dr. Liz

• Dr. Schmitt

431 Mahar

x3455

edunne@oswego.edu

Office hours:

MW 10 -11:20, T 11:15-12:15 and by appt.

TodayToday

• Syllabus

• Intro to economics

What will we be studying?What will we be studying?

Eco 101 is the first economic theory course

• basic foundation of economics

• tools of discipline

Look atLook at

• buyer and seller behavior (markets)

• role of government in markets

• consumer choice

• producer behavior

• determinants of income and poverty

Why have energy prices risen Why have energy prices risen (fallen)?(fallen)?

Why does NYC rent control not Why does NYC rent control not work?work?

Is Microsoft a monopoly?Is Microsoft a monopoly?Why do we care?Why do we care?

Is college worth the cost?Is college worth the cost?

What causes the gender wage What causes the gender wage gap?gap?

Why do airlines require a Saturday Why do airlines require a Saturday night stay for a low fare?night stay for a low fare?

Course MaterialsCourse Materials

Required:Intro to Microeconomics (2e)

Edwin G. Dolan

in both bookstores

($24 new)

RecommendedRecommended

course web site• URL at top of the syllabus

• contains

• course information

• lecture notes

• exam study guides

• homeworks & answer keys

lecture noteslecture notes

• Powerpoint slides

• You can print them 3-6 to a page

Email listEmail list

• I send email about• Grades

• Announcements

• Course information

• I only use Oswego email address

• if you use another email address• forward your campus email to the

account you use

• link to email forwarding on the course web page

Eco 101 tutorEco 101 tutor

• hours TBA

• but please see me too!

Grading PolicyGrading Policy500 points total:

• 3 exams during the semester

(100 pts. each)

• final exam (100 pts.)

• 6 homeworks

(20 pts. each, lowest dropped)

• extra credit (at least 10 pts.)

• grading scale in the syllabus

exams 1, 2, 3exams 1, 2, 3

• multiple choice & short answers/problems

• re-weighted at end of the semester• 10% on lowest score

• 30% on highest score

final examfinal exam

• cumulative

• NOT re-weighted

How do I find out my grades?How do I find out my grades?

• exams & homework handed back

• Grades will NOT be posted outside my office

• I will email exam scores using your campus email address• name@oswego.edu

No grades over the phone!

MakeupsMakeups

• planned absence: 1 week’s notice

• emergencies: case-by-case

• must be an excused absence!

• must be documented!

• makeups may be essay exams or I may reweight other exams

AttendanceAttendance

• regular attendance is expected• attendance is taken

• you are responsible for information conveyed in class

• attendance is necessary to earn extra credit

Please be respectful of your Please be respectful of your classmatesclassmates

• be on time

• do not talk during lecture

• do not have your phone on

CheatingCheating

• you cheat, I catch you, you fail the course

• I have the right to ask you to move seats prior to or during an exam

• programmable calculators (e.g. TI-83),translators, phones, PDAs, etc.

are NOT allowed in exams

Course ScheduleCourse Schedule

• in syllabus

• note exam dates, homework due dates

• note the final exam date & time

Tips for successTips for success

• come to class with lecture notes to follow & augment

• read the book!!

• weekly “look-through”

• ask for help (ME or the tutor or ME)

• use available resources• course web site

Why you should pass this courseWhy you should pass this course..

Why you should try to learn something Why you should try to learn something in this course.in this course.Percentage of wage dispersion explained by skill factors.

Huge variation in earnings of low vs. high-skilledcollege graduates

I know this course is not easy for I know this course is not easy for many studentsmany students

• Worthwhile things seldom are.

• We all learn and grow when we are challenged.

• If you are struggling, use the resources available for help.

• if you need special accommodations, see me

• if you are having problems in the course, see me sooner NOT later

My professional obligationsMy professional obligations

• Punctuality

• Availability outside of class• Office hours, appt., voicemail, email

• Timely, detailed feedback

• Transparent grading

• Professional conduct

• Mastery of content