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Econ 2301 Principles of
Microeconomics (Spring 2014)
Section 005
MWF 1:00-1:50 pm
Holden Hall 76
Welcome!
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Instructor: Lanlan Chu
Office: HH 262
Email: lanlan.chu@ttu.edu
Office hours: MWF 2:00-3:00 pm, or by appt.
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Today
• Syllabus
• Assessment Test
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What will we study?
Eco 2301 is the first economic theory course
• basic foundation of economics
 Theories of the consumers
 Theories of the firms
 Price determination
• tools of discipline
 Application of theories to particular firms, industries
and markets
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Look at
• buyer and seller behavior (markets)
• consumer choice
• producer behavior
• role of government in markets
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Why have retail oil prices risen (fallen)?
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Why goods go on sale right before
holiday?
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Is Microsoft a monopoly?
Why do we care?
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Is college worth the cost?
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Course Materials
Required:
• Principles of Microeconomics by Case, Fair, Oster
• An access code to MyEconLab
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MyEconLab
Registration
• Course ID- chu07391
• Student access code
 get an access code with a new book purchase
 buy the code separately in a student access card at
the campus bookstore
• Follow the instructions step by step
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Recommended
Course web site
• http://www.myweb.ttu.edu/lchu (at top of the syllabus)
• contains
• Course information
• Part of lecture notes
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Recommended
• Eco 2301 tutoring: HH 239
MWF: 10:00 am-5:00 pm
TR: 2:00 pm – 5:00 pm
• but please see me too!
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Grading Policy
• 3 midterm exams (100 pts. each)
• A cumulative final exam (100 pts.)
• Homework (10-12)
• Quiz (10-12)
• Extra credit?
• Grading scale in the syllabus
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Exams 1, 2, 3
• Multiple choice (30 to 40)
• Re-weighted at the end of the semester
• 15% on lowest grade
• 20% on remaining two grades
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Makeup Exam
• It’s cumulative
• If you miss one of the first three midterm exams, and you
have official university acceptable excuse, you will be
allowed to makeup the exam
• If you miss one of the three midterm exams, and you don’t
have an acceptable excuse, the makeup exam’s grade
will replace it
• It will not replace the final exam’s grade
• It will not replace your lowest midterm grade
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Final exam
• Cumulative
• 30% of your total final grade
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Homework
• Homework weighs 8%
• Lose 30% of your each chapter’s homework grade for late
submission per day
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Quiz
• Quiz weighs 7%
• The only way you will be allowed to make up a quiz is by
having an official University excused absence.
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How do I find out my grades?
• Homework and quiz grades on MEL
• Exam grades on Raiderlink under the TTU MyTech tab
https://eraider.ttu.edu/signin.asp?redirect=https%3A%2F%
2Fwww.raiderlink.ttu.edu%2Fshim%2Flogin.jsp%3Fredirec
tUrl%3D%252Fshim%252Floginprod.jsp&
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Attendance
• Regular attendance is expected
• attendance is taken
• If you missed more than 6 classes, you will be reported to
the academic dean (University policy)
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Please be respectful of your classmates
• Be on time
• Do not talk during lecture
• Do not use cell phones
• Do not eat or drink in class
• Do not use laptops for nonrelated class activities
• Do not sleep
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Cheating
• 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
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Course Schedule
• In syllabus
• Note midterm exam dates
• Note the final exam date & time
• Note the makeup exam date & time
• Note important dates
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Tips for success
• Come to class with lecture notes to follow
• Finish HW and Quiz on time
• Read the book
• weekly “look-through”
• Ask for help (ME or the tutor or ME)
• Use available resources
• Course web site
• MyEconLab
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I know this course is not easy for many
students
• Worthwhile things are never easy.
• We all learn and grow when we are challenged.
• If you are struggling, use the resources available for help.
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Other Things
• If you need special accommodations, see me
• If you are having problems in the course, see me sooner
NOT later
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Assessment Test
• An apart of an evaluation process for programs
assessment in the department of economics
• Score on the test has nothing to do with your final grade
• Scantron: only course number ECO 2301
• Exam: do not write anything on it