ECONOMICS 103A: Introduction to Microeconomics Prof. Diane Flaherty Room 826 Thompson Email: econ103a@econs.umass.edu Office Hours: MW 10:05 – 11:05 and by appointment The textbook The purpose of this course is to familiarize students with basic economic concepts used in the theory of consumer choice and production and applications to current economic issues like inequality and public support for education. The textbook is Bade and Parkin Foundations of Microeconomics, edition 5e. The customized paperback version specifically designed for this course is available at Food for Thought bookstore (106 North Pleasant Street in downtown Amherst). In addition, you must register for MyEconLab, where the homework will be available. Procedures for gaining access and registering also are described below. MyEconLab and the department course website The homework and practice problems can be done only through MyEconLab, so you must check that website frequently for due dates of homework assignments. The course also uses an Economics department website to provide important information such as this syllabus and information about quizzes, exams, teaching assistants and discussion sections. Review questions will be posted on the department course website as well. You will need to check this web site at http://courses.umass.edu/econ103a . Assessment and grading Assessment and grading are based on homework sets, two midterm exams and a final exam. Homework will account for 20 percent, the midterm exams for 20 percent each and the final exam for 40 percent of the grade for the course. There will be weekly homework from MyEconLab due Sunday nights starting on January 30th. The first two homeworks are for practice with MyEconLab and grades will not count toward the course grade. All subsequent homeworks are required and will be graded. All homework is on the MyEconLab (MEL) website, along with practice problems. Information on how to register for MEL is given below. Exact due dates and times for each homework set will be posted on the MEL website along with the homework questions. A homework reading assignment with an online discussion is also required. Information concerning this assignment will be posted on the department course web site. In addition, review questions will be posted on the course web site before both the midterm and final exams. These review questions are designed to familiarize students in advance with the structure of the exams and are not graded assignments. The midterm exams will be on Wednesday, February 29th and Wednesday, April 4th, both during class time. General course policies Make-up exams will be given only in cases of documented medical or personal emergencies. Please make sure that you do not arrange for travel at the end of the term until you know the final exam schedule. University policy is that final exams can be rescheduled only in cases of direct time conflicts between exams or three exams scheduled in one day. For exams, quizzes, writing assignments and homework, University policy on conduct and academic honesty will be followed strictly. The policies are available at http://www.umass.edu/dean_students/code_conduct/. Schedule for readings (Chapter numbers are from the custom textbook available at the Food for Thought bookstore.) Date Chapter number and topic Date Chapter number and topic 1/23 1/25 1/30 2/1 2/6 2/8 2/13 2/15 2/22 2/27 2/29 3/5 3/7 1. Getting Started 2. US and Global Economies 3. Demand and Supply Ch. 3 continued 4. Elasticities Ch. 4 continued 5. Efficiency and Fairness Ch. 5 continued 6. Public Goods Ch. 6 continued Midterm 1 7. Consumer Choice/Demand Ch. 7 continued 3/12 3/14 3/26 3/28 4/2 4/4 4/9 4/11 4/17 4/18 4/23 4/25 4/30 Ch. 7 continued 8. Production and Cost Ch. 8 continued 9. Perfect Competition Ch. 9 continued Midterm 2 10. Monopoly Ch. 10 continued 11. Monopolistic Competition Ch. 11 continued 12. Oligopoly Ch. 12 continued 13. Externalities MyEconLab information To access your MyEconLab online course for the first time, you need to register and log in. Whenever you want to use MyEconLab after that, you just need to log in. You can do both from the same starting point, at www.pearsonmylab.com To register, you will need a student access code and a course ID (provided by your instructor.) If you purchased a new textbook, it should have come with a Student Access Kit that contains a code you can use to register. If you do not have a Student Access Kit, you can purchase access online with a major credit card. Course ID: flaherty81145 Course name: Bade/Parkin: Foundations of Microeconomics 5e – 103a Registration 1. Go to www.pearsonmylab.com and click the Student button, in the Register section. 2. Enter the course ID, flaherty81145 and click Continue. 3. If you have an existing Pearson account, Sign in with your existing user name and password, if not click Create an account. 4. Choose to register an access code, or purchase access with a credit card / PayPal. If you are waiting on financial aid to purchase your course materials, select the Get temporary access without payment for 17 days at the bottom of the page. 5. Follow the instructions to complete your registration. Check your email for your registration confirmation. To log into your course 1. 2. 3. 4. Go to www.pearsonmylab.com Click on Sign In Enter your username and password, then click Sign In Click on the course name on your Courses home page to begin working in your course. Be sure to click on the Browser Check link on the Announcements area. This instillation wizard will walk you through necessary plugins and players that you will need to use the MyFinanceLab resources. Need More Help? A video walkthrough of the registration process is available at http://pearsonmylabandmastering.com/students/ Help and Support from within your course is available by clicking on the Help and Support Link on the top right hand side of your screen. To contact Pearson support directly, please visit: http://247pearsoned.custhelp.com/