University of Washington Economics 200C: Principles of Microeconomics Autumn 2013 Course Instructor: Allen Chen Lecture: MW 8:30-10:20 am, Anderson 010 Office Hours: MW 10:30-11:30 am, and by appointment Email: yachen@uw.edu Course Goals: Economics is not a field of study of something particular-- rather, it is a set of tools and concepts that can be applied to understand a great number of phenomena in the economic and social sphere. We use the tools of the science of economics to study why things are and how they change when a relevant factor or force that shapes the phenomenon changes. Textbook: Principles of Microeconomics, 6th Edition by N. Gregory Mankiw Calendar of Lectures, Tests, and HWs Tentative Course Outline Monday 25-Sep Week 1 30-Sep 7-Oct 2-Oct 9-Oct Week 2 Week 3 14-Oct 16-Oct Week 4 21-Oct 23-Oct Week 5 28-Oct 4-Nov 11-Nov 30-Oct 6-Nov 13-Nov Week 6 Week 7 Week 8 18-Nov 25-Nov 2-Dec 20-Nov 27-Nov 4-Dec Week 9 Week 10 Week 11 Thinking like an Economist (Ch. 2) Supply and Demand (Ch. 4) Elasticity (Ch. 5) (Ch. 6), Efficiency of Markets (Ch. 7) Efficiency of Markets (Ch. 7) Deadweight Loss of Taxation (Ch. 8), (Q&A) Exam 1: Ch. 1-8 Externalities (Ch. 10) Public Goods (Ch. 11) (Holiday) Costs of Production (Ch. 13) Firms in Competitive Markets (Ch. 14) Firms in Competitive Markets (Ch. 14) Monopolies (Ch. 15) Oligopolies (Ch. 17) (Q&A) Exam 2: Ch. 1-8, 10, 11, 13-15, 17 HW and Quiz Schedule Sunday 11 pm 29-Sep 6-Oct 30-Sep 7-Oct Week 1 Week 2 Week 3 Wednesday Overview and Principles of Economics (Ch. 1) Interdependence and the Gains from Trade (Ch. 3) Supply and Demand (Ch. 4) Supply, Demand, and Government Policies (Ch. 6) HW1 Due: Ch. 1-3 Monday Quiz 1: Ch. 1-3 13-Oct 20-Oct 27-Oct 3-Nov 10-Nov 17-Nov 24-Nov 1-Dec 14-Oct 21-Oct 28-Oct 4-Nov 11-Nov 18-Nov 25-Nov 2-Dec Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10 Week 11 HW2 Due: Ch. 4 HW3 Due: Ch. 5-6 HW4 Due: Ch. 6-7 Quiz 2: Ch. 4 Quiz 3: Ch. 5-6 HW5 Due: Ch. 10-11 HW7 Due: Ch. 13 HW8 Due: Ch. 14 HW9 Due: Ch. 15, 17 Quiz 4: Ch. 10-11 Quiz 5: Ch. 13-14 Exam 1: Ch. 1-8 (Weds., 10/30/13) Exam 2: Ch. 1-8, 10, 11, 13-14, 15, 17 (Weds., 12/4/13) Grades: 9 HWs on Aplia 4 highest quiz scores (out of 5 quizzes) Exam 1 (Weds., 10/30/13) Exam 2 (Weds., 12/4/13) 10% 30% 30% 30% Course Policies: Homework is done on Aplia (Course Key: W25Y-C85E-RRKJ) and is submitted Sunday 11 pm before Monday’s class. There is no making up late or missing homework assignments. Make-up quizzes and tests: We will take the best 4 quiz grades and count them towards your course grade. Therefore any one quiz you miss, that would be the one you drop. If you miss more than one quiz, you get a make-up quiz only if you present a doctor’s note. There will be no make up tests. If you miss the midterm you need to present a doctor’s note. If you miss the final you will receive an incomplete for the course. You may need a calculator for some of the questions on quizzes/tests. Please bring a simple 4-function or a scientific calculator to your tests. The grading policy of the Department of Economics sets the upper boundary for the Median grade in principles of economics courses to be 3.1. We will adjust the Grade Scale at the very end of the quarter to reflect a median of about 2.8-2.9 for a normal class, a median of 3.0 if the class has a strong performance and 3.1 if the median grade for the overall course is high and the class performs excellently.