EC 110 Section 008: Honors Prin Of Microeconomics
Spring, 2010
3 Credit Hours
Primary Instructor: Estate Of Harris Schlesinger
Core Designation: University Honors, Social and Behavioral Sciences
9:00 to 10:30 Wednesdays or by appointment
Economics is a social science. It deals with the allocation of scarce resources. Microeconomics examines how people and firms make decisions about what to produce and what to consume, as opposed to macroeconomics, which looks at the economy as a whole. Our main focus is the central role that prices play in allocating goods and services within a capitalistic society (i.e., within a society where resources are owned by individuals and firms, as opposed to the government). We will stress a few very basic underlying economic principles that are applied in various forms to a multitude of allocation problems.
By taking this course, you will understand the role of prices in the economy and the role of decentralized markets. You also will see the limits of market decentralization and the role of government. This is especially relevant during the current worldwide “financial crisis.” You will learn the basic principles of “thinking like an economist” as well as many of the limits that must be used in applying these principles.
There will be three in-class exams: two mid-term exams plus the regularly scheduled final exam. The two highest scoring exams will be worth 40% of your grade each. The lowest scoring exam will be worth 20% of your final grade.
There will be three in-class exams: two mid-term exams plus the regularly scheduled final exam. The two highest scoring exams will be worth 40% of your grade each. The lowest scoring exam will be worth 20% of your final grade.
Grading scale (based on 100 points)
98+ A+ 86+ B+ 74+ C+ 55+ D
92+ A 82+ B 70+ C
89+ A- 78+ B- 65+ C-
Every missed exam or assignment receives a grade of zero unless explicitly exempted by the professor. All requests for an exemption and/or make-up assignment must be requested in writing (e-mail is sufficient) at the earliest feasible time. Verification of any mitigating circumstances will be required for all excused absences.
Regular
Altern
If you have friends taking other sections of EC 110, you might also take a look at their textbooks.
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