Econ 110 Principles of Econ 110 Principles of MicroeconomicsMicroeconomics

Welcome!

Dr. Anwar Al-Shriaan

Economics Department

Office hours:Monday and Wednesday 10:00 – 10:50 am

and by appt.

TodayToday

• Syllabus

• Intro to economics

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

Eco 110 is the first economic theory course

• basic foundation of economics

• tools of discipline

Look atLook at

• buyer and seller behaviour (markets)

• role of government in markets

• consumer choice

• producer behaviour

• determinants of income and poverty

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

Why does price control not work?Why does price control not 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:McConnell and Brue“ Economics“,

16th ed

RecommendedRecommended

course web site• URL at top of the syllabus

• contains

• course information

• exam study guides

• TA’s

lecture noteslecture notes

• PowerPoint slides

Email listEmail list

• I send email about• Announcements

• Course information

• Register your email address online.

TATA

• Check my website

• But please see me too!

Grading PolicyGrading Policy

Midterm 1 25%Midterm 2 25%Recitation 10%Participations 10%Final 30%

Grading PolicyGrading PolicyLetter grades will be assigned as follows:93.00 – 100.0 % … A90.00 – 92.99 % … A-86.00 – 89.99 % … B+83.00 – 85.99 % … B80.00 – 82.99 % … B-78.00 – 79.99 % … C+73.00 – 77.99 % … C70.00 – 72.99 % … C-66.00 – 69.99 % … D+60.00 – 65.99 % … D59.99 – 0.00 % … F

Grading PolicyGrading Policy

Your Final Grades: 1st Mid + 2nd Mid + TA + Part + Final.If Your Participation > 8.5 you will have Extra credits as follows:

Your Final Grades: 20% X Max (1st Mid, 2nd Mid, Final)

Grading PolicyGrading PolicyYour Final Grades: 1st Mid + 2nd Mid + TA + Part + Final.

If Your Participation > 8.5 you will have Extra credits as follows:

Your Final Grades: 20% X Max (1st Mid, 2nd Mid, Final)

1st Mid (25)

2nd Mid (25)

Part

(10)

TA

(10)

Final

(30)

Total

21 22 9 9 21 82 B-

84% 88% 70% 86 B+

1st Mid (25)

2nd Mid (25)

Part

(10)

TA

(10)

Final

(30)

Total

15 17 9 9 27 77 C

60% 68% 90% 82.4 B-

1st Mid (25)

2nd Mid (25)

Part

(10)

TA

(10)

Final

(30)

Total

15 17 5 9 30 76 C

68% 100% 76

15 17 9 9 30 80 B-

86 B+

final examfinal exam

• cumulative

Makeup'sMakeup's

• Usually I don’t do it

• planned absence: 1 week’s notice

• emergencies: case-by-case

• must be an excused absence!

• must be documented!

• makeup's may be essay exams or I may re weight other exams

AttendanceAttendance

• regular attendance is expected

• you are responsible for information 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

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

are NOT allowed in exams

Course ScheduleCourse Schedule

• in syllabus

• note exam dates,

• note the final exam date & time

Tips for successTips for success

• come to class with lecture notes to follow

• read the book!!

• weekly “look-through”

• ask for help

• ME or

• the TA or

• ME

• use available resources• course web site

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

• if you need special accommodations, see me

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