ECN 101

Introductory Microeconomics

Syracuse University

Introduction to microeconomics. Consumer demand, theory of production, markets and prices, social welfare, and related topics. Credit is given for either ECN 101, 102 or ECN 203.

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Elizabeth Ashby

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Elizabeth Ashby
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Economics
ECN 101
Elizabeth Ashby

ECN 101 Syllabus for Elizabeth Ashby — Fall 2018

1
ECN 101: Introductory Microeconomics
Syllabus Fall 2018
Office Hours & Lab Sessions:
OFFICE HOURS
drop-in times, no appointment necessary
LAB SESSIONS
Days
Times
Locations
Mondays
9:30 – 11:00
Prof. Ashby
Mondays
9:30 – 10:25
CH 017
Mondays
11:00 – 12:30
Guanyu Liu
Mondays
10:35 – 11:30
Eggers 070
Tuesdays
3:00 – 5:00
Zhe He
Wednesdays
8 – 8:55 A.M.
Eggers 111
Wednesdays
9:30 – 11:00
Prof. Ashby
Wednesdays
5:15 – 6:10
HL 111
Wednesdays
6:30 – 8:00
Guanyu Liu
Wednesdays
5:15 – 6:10
Eggers 113
Thursdays
6:30 – 7:30
Zhe He*
Wednesdays
6:45 – 7:40
Eggers 113
Thursdays
3:00 – 6:00
Jonathan P.*
Thursdays
5:00 – 5:55
Eggers 070
Thursdays
7:30 – 8:30
Giuseppe G.*
Thursdays
6:30 – 7:25
MSQ 208A
Fridays
1:00 - 3:00
Giuseppe G.
Thursdays
6:30 – 7:25
Eggers 113
Office locations are under Contact Information
* Denotes location change to 034 Eggers Hall
(Undergraduate Study Room)
Thursdays
8 – 8:55 P.M.
Eggers 111
Fridays
10:35 – 11:30
Eggers 113
Fridays
11:40 – 12:35
Shaf 221D
Note: This is not a class in memorization, rather a class in understanding!!! This type of understanding
comes with consistent practice, which includes working on the assigned practice problems. Lab
sessions provide the best opportunity to work on these problems with the TAs and other students.
Course Materials:
1. (Required) Textbook + MyLab Economics: Robin Bade and Michael Parkin, Foundations of
Microeconomics, 8th edition, Pearson, 2017, with access to MyLab Economics.
There are two purchase options. Please choose one:
Option #1Digital Only
MyLab Econ with eText
ISBN: 9780134518428
Option #2Digital plus printed textbook
MyLab Econ with eText + loose-leaf printed text
ISBN: 9780134518428
Please refer all technical questions and issues to Pearson’s 24/7 technical support at:
https://support.pearson.com/getsupport/s/ .
2. (Required) Handouts/Class Notes
Handouts are on Blackboard. Students must print and bring handouts to each class.
3. (Required) Calculator
Students will only be allowed to use a simple four-function calculator on all exams.
4. (Optional) Color pens/pencils
I use multiple colors when writing notes. Many students find it useful to bring multi-
color pencils/pens or a pen that writes with four colors.
Professor Ashby
Giuseppe Germinario -TA
Guanyu Liu- TA
110 Eggers Hall
026 Eggers Hall
124 Eggers Hall
Jonathan Presler- TA
Zhe He TA
034 Eggers Hall
041 Eggers Hall
2
Course Objectives and General Learning Outcomes:
As a consequence of successfully completing this course, students will be able to demonstrate
proficiency on the following course objectives and general learning outcomes:
o Define economics, explain the type of questions that economists look to answer, and interpret
graphs and calculate the slope of a graphical relationships.
o Explain and graphically demonstrate the concepts of scarcity and efficiency in production and
calculate opportunity cost using the production possibilities frontier.
o Determine comparative advantage and explain how people gain from specialization and trade.
o Distinguish between quantity demanded and demand, quantity supplied and supply, and explain
the determinants of demand and supply.
o Explain how demand and supply determine price and quantity in a market and explain the
effects of changing market conditions on price and quantity.
o Define and calculate various elasticities (price elasticity of demand, price elasticity of supply,
and other demand elasticities), and explain the factors that influence these elasticities.
o Define and explain the features of an efficient allocation using concepts of total (market)
surplus, consumer surplus, and producer surplus.
o Explain how price controls (ceilings and floors) work and why controls create inefficiency in
markets.
o Explain how taxes affect price and quantity in a market, are shared among buyers and sellers of
the good, and create inefficiency.
o Explain why externalities (negative and positive cases) create efficiency and various methods
that can be used to improve efficiency.
o Explain the difference between the economic and accounting measures of a firm’s costs and
profits, derive its cost curves, and distinguish between costs in the short run and long run.
o Define the conditions of perfect competition and explain a perfectly-competitive firm’s profit-
maximizing choice and derive its supply.
o Distinguish how output, price and profit are determined in the short run and long run under the
conditions of perfect competition and explain why perfect competition leads to an efficient
outcome.
o Explain how monopolies arise, how a monopoly determines its output and price, and compare
this outcome with that of perfect competition.
o Describe and identify other market structures (monopolistic competition and oligopoly) and
determine how firms producing in these types of markets determine their output and price.
**********************************************************************************
Grading Policy:
There is a total of 340 possible points that can be earned throughout the semester. Course points will
be determined from the following assessment measures:
o Cumulative Final Exam: 100 possible points
o In-Class Exams: 160 possible points (each out of 80 points, best 2 of 3 exams)
o Online Quizzes: 80 possible points (best 8 of 10 scores)
***Grading scale on the next page***
3
To receive a course
grade of _____ ,
a student must accumulate enough of the course
points to be in the top _____ percent of students
across all MY ECN 101 classes.
A
20
A-
25
B+
30
B
55
B-
60
C+
65
C
85
C-
90
D/F
100
Students who earn at least 214 course points will automatically receive a passing grade of D or
higher.
Please note: There will be no negotiations over grades! Course grades are based solely on
performance in the course and assigned as indicated in the table above. Grades
are NOT given out based on needs (“I need a certain grade to transfer”, “I need
a certain grade to keep my scholarship”, ).
**********************************************************************************
Assessments & Practice Tools:
Exams
There will be three in-class exams and a cumulative final exam given this semester. Exams will
primarily consist of multiple-choice (note though, problems and short answer questions are still
represented on the exam, they are just converted into multiple choice questions).
Please note:
Of the 3 in-class exams, only the 2 best scores will count toward your course grade.
All students must take the final exam and it will count toward your course grade.
Students may NOT make up a missed exam unless the student can demonstrate an
acceptable reason (as determined by me) for the absence. All such arrangements must
be made PRIOR to missing the exam.
It is anticipated that exams will be given in class as follows (subject to change):
Exam #1
Wednesday, September 26th
In-class
Exam #2
Wednesday, October 24th
In-class
Exam #3
Wednesday, November 14th
In-class
Final Exam
Wednesday, Dec. 12th
3:00 – 5:00 (Location: TBA)
Online Quizzes
There will be 10 online quizzes (syllabus + 9 content quizzes) assigned throughout the semester.
Out of the 10 quizzes, only the 8 best scores will count towards your course grade. The
quizzes will consist of 10 questions (multiple choice, T/F, fill-in the blank, or similar format) for
which you will be given 30 minutes to submit your answers once the quiz has been started. You
will be given two attempts (questions will change on second attempt) at each quiz within the
time frame allowed (next page):
4
Online Quiz
Opens at 8am on the
following days:
Closes at 8pm on the
following days:
#1 – Syllabus
Friday, 8/31
Sunday, 9/2
#2 – Ch 1
Friday, 9/7
Sunday, 9/9
#3 – Ch 3
Friday, 9/14
Sunday, 9/16
#4 – Ch 4
Friday, 9/21
Sunday, 9/23
#5 – Ch 5
Friday, 10/5
Sunday, 10/7
#6 – Ch 6/7
Friday, 10/12
Sunday, 10/14
#7 – Ch 8/10
Friday, 10/19
Sunday, 10/21
#8 – Ch 14
Friday, 11/2
Sunday, 11/4
#9 – Ch 15
Friday, 11/9
Sunday, 11/11
#10 – Ch 16
Friday, 11/30
Sunday, 12/2
Quizzes are administered through MyLab Econ (must be purchased), which can be accessed through a
tab on Blackboard. See Pearson’s video instructions for the textbook and MyLab Econ on Blackboard.
PLEASE NOTE: NO LATE QUIZZES WILL BE ACCEPTED! NO MAKE-UP QUIZZES WILL BE
GIVEN FOR ANY REASON. Only under extreme circumstances (i.e. a legitimate
situation, as determined by me, that would prevent you from completing 3 or more
quizzes) will exceptions to this rule be made.
When taking online quizzes:
Be sure you have either a wired connection or good Wi-Fi.
Be sure you only have one window open in your browser and do not open another
window in your browser.
Be sure to click Submit Quiz when you are done.
Once you have started, you may NOT stop and resume later.
You may use your notes and books, but may NOT use the internet, your phone or receive
help from another person.
Please note:
o As soon as you submit your quiz, you will be able to see only your quiz grade
o After the due date has passed, you will be able to review your quiz and see which
questions you missed.
Reading/Practice Tools
1. Textbook readings will be assigned prior to covering the chapter in class.
2. Checkpoint (practice) problems are assigned in each class handout. The TAs will review
some problems during lab sessions. Checkpoint problems will NOT be graded. However, it is
in your best interest to work on these problems carefully as some exam/quiz questions will be
similar (not identical!) to these problems.
3. Key Terms and Dynamic Study Modules for each chapter are administered through the
MyLab Econ, which can be accessed through a tab on Blackboard. Students should use these
practice tools to prepare for the quizzes. Video instructions for text + MyLab Econ are
available on Blackboard.
Please Note: The above practice tools are intended to help you deepen your understanding of the
course material. The work will not be graded. However, it is in your best interest to utilize these
practice tools, as exam/quiz questions may be similar!
5
Study Tips and Suggestions:
Here are some tips that will help you succeed in this course.
Avoid missing class! Concepts continue to build upon one another, so the knowledge obtained
in one class will carry over into the next.
Read ahead! Read the assigned chapter from the text before it is covered. This will allow you
to focus more on the important points when the topic is covered in class.
Review! It is best to go over your notes within a day following class and before the next
lecture.
Practice! Online quizzes and practice problems are there to prepare you for the exams. Some
exam questions may be similar (not identical!) to quizzes and practice problems.
Do not memorize! This is not a course in memorization, rather it is a course in understanding.
Concepts covered in the online quizzes and practice problems will be on the exams, but exact
questions will (generally) not be on the exams.
Don't cram! If you do all of the above, there will be no need to cram the night before an exam.
You will get more rest and perform better on the exam.
Don’t give up! The economic way of thinking is not always easy to grasp at first, but it will
become easier if you keep working hard and follow the tips above. Be sure to see the TAs
during office hours and lab sessions if you would like some additional help!
**********************************************************************************
Academic Integrity:
Syracuse University’s Academic Integrity Policy reflects the high value that we, as a university
community, place on honesty in academic work. The policy defines our expectations for academic honesty
and holds students accountable for the integrity of all work they submit. Students should understand that
it is their responsibility to learn about course-specific expectations, as well as about university-wide
academic integrity expectations. The policy governs appropriate citation and use of sources, the integrity
of work submitted in exams and assignments, and the veracity of signatures on attendance sheets and other
verification of participation in class activities. The policy also prohibits students from submitting the same
work in more than one class without receiving written authorization in advance from both instructors.
Under the policy, students found in violation are subject to grade sanctions determined by the course
instructor and non-grade sanctions determined by the School or College where the course is offered as
described in the Violation and Sanction Classification Rubric. SU students are required to read an online
summary of the University’s academic integrity expectations and provide an electronic signature
agreeing to abide by them twice a year during pre-term check-in on MySlice. For more information
about the policy, see http://academicintegrity.syr.edu.
In addition to the general academic integrity policy, the following are specific to this class:
Online Quizzes
When taking the online quizzes, you MAY:
o Use your notes from class
o Look things up in the textbook
o Use a simple calculator
o Use pencil and paper to figure out problems
When taking the online quizzes, you MAY NOT:
o Receive help from another person
o Give help to another person
o Look things up online or use your phone for any purpose
o Discuss the content of the quiz with other students who have not yet taken it
* * * * * IMPORTANT ADDITIONAL ACADEMIC INTEGRITY INFORMATION CONTINUED ON NEXT PAGE * * * * *
6
Exams
During exams, all backpacks, phones, SMART WATCHES, and jackets must be left at the front side of the
room. You may have only pencils/pens & a simple, non-programmable calculator at your desk.
You may NOT do any of the following during an exam:
o Leave the classroom and/or remove an exam from the classroom
o Use any notes
o Look at another student’s paper
o Get things out of a bag/backpack (except with permission and supervision)
o Talk (except to ask the instructor a question)
o Get up from your seat (instead, raise your hand if you have a question)
o Share a calculator or use a programmable calculator. Only SIMPLE, NONPROGRAMMABLE
calculators are allowed for use on exams.
o Use a cell phone for ANY purpose
Blackboard
Students are not allowed to use blackboard to email students in the course or distribute notes or other
material to the entire class without prior written consent from me.
Course Materials
You MAY NOT distribute or sell any of the course materials!
The Violation and Sanction Classification Rubric (see above) establishes recommended guidelines for the
determination of grade penalties by faculty and instructors, while also giving them discretion to select the
grade penalty they believe most suitable, including course failure, regardless of violation level. Any
established violation in this course may result in course failure regardless of violation level. In
addition, all violations will be reported to the academic integrity office.
7
**********************************************************************************
Additional Policies:
Communication
Syracuse University has established email as a primary vehicle for official communication with
students, faculty, and staff. Please be sure to regularly check your e-mail.
Attendance
Attendance is expected. Success is highly unlikely without regular attendance.
Classroom Conduct
The following are expected of you at every class:
Arrive to class on time and ready to learn.
Bring a pencil or pen, a simple calculator, a ruler, and colored pencils or pens
Bring class notes that have already been distributed.
Put away technology – this includes phones, laptops, etc.
Work diligently when given class time to work on sample problems – during this time you
should only be working on problems – not checking your phone, not chatting with friends,
not leaving the room, etc.
Keep the distractions to a minimum. Late arrivals should be an exception, NOT a regular
occurrence. Please try to use the bathroom before class. If you must leave during class, please
do so as quietly as possible.
Technology:
Phones, laptops and other technology should be put away prior to the start of class unless you have
received permission from me to do otherwise. Please do not take pictures during class! If I see you
using a device during class, I will stop class and request that you put your device away.
Handouts (Class Notes)
Handouts will be provided on Blackboard. You MUST print and bring a copy of the handout with you
to class. These handouts are NOT designed to be typed, rather, we will be drawing graphs and
working problems which will best be done with paper and pencil (multiple colors are very useful).
Remember, IT IS YOUR RESPONSIBILITY TO PRINT THE NOTES PRIOR TO CLASS AND
BRING THEM TO CLASS.
NOTE: FILLED-IN VERSIONS OF THE HANDOUT WILL NOT BE PROVIDED. We will fill in
the handout together in class. If you miss class, you should borrow notes from a classmate and read
the textbook to catch up.
Extra Credit
I do not offer extra credit for any reason!
Be sure each of the following is TRUE:
1. I have read and understand the academic integrity policy for Syracuse University in
general and ECN101 in particular.
2. I will not post/share questions or answers to exams or quizzes.
3. I will not take the quizzes or exams in place of another student or have another student
take the quizzes or exams on my behalf.
8
Incomplete
A grade of (I) “Incomplete” will very rarely be given and only if a student has extenuating
circumstances (medical or family-related issues, which must be verified in writing by a doctor or
advisor and approved by me) that prevents the student from completing a significant portion of the
coursework. To receive an Incomplete, the student must see me with the appropriate paperwork
(Request for Incomplete form).
Office Hours/Lab Sessions
If you find yourself struggling with the material, don’t wait. Seek help! The material in this class is
cumulative and the longer you wait, the harder it will be. If you need help, I recommend that you start
with the lab sessions and TA office hours. I believe this is the best way to get help with the course
material. There are many times available to you, so you can get your questions answered quickly
when they arise.
Students attending office hours should be prepared!!! You should attempt all practice problems on
your own before coming to office hours. If you miss class for any reason, you should borrow notes
from a classmate and read the textbook to catch up. After you have taken these steps to prepare, then
we will be happy to help.
Tutoring:
If you find yourself struggling with the material, don’t wait. Seek help! The material in this class is
cumulative and the longer you wait, the harder it will be. If you need help, I strongly recommend that
you start with the TA office hours. I believe this is the single best way to get help with the material
in the class. There are many office hours available to you, so you can get your questions answered
quickly when they arise. If you find that our schedules do not fit, or you still want additional help,
there is free small-group tutoring available for ECN 101 classes through the Center for Learning and
Student Success (CLASS). Several tutoring sessions for ECN 101 will be offered each week.
Visit class.syr.edu to learn when and where sessions meet, and how to register.
Disability Services
If you believe that you need academic adjustments (accommodations) for a disability, please contact
the Office of Disability Services (ODS), visit the ODS websitehttp://disabilityservices.syr.edu,
located in Room 309 of 804 University Avenue, or call (315) 443-4498 or TDD: (315) 443-1371 for
an appointment to discuss your needs and the process for requesting academic adjustments. ODS is
responsible for coordinating disability-related academic adjustments and will issue students with
documented Disabilities Accommodation Authorization Letters, as appropriate. Since academic
adjustments may require early planning and generally are not provided retroactively, please contact
ODS as soon as possible.
Faith Tradition Observances
SU’s religious observances policy, found at
http://supolicies.syr.edu/emp_ben/religious_observance.htm recognizes the diversity of faiths
represented among the campus community and protects the rights of students, faculty, and staff to
observe religious holy days according to their tradition. Under the policy, students are provided an
opportunity to make up any examination, study, or work requirements that may be missed due to a
religious observance provided they notify their instructors before the end of the second week of
classes. For fall and spring semesters, an online notification process is available through
MySlice/Student Services/Enrollment/My Religious Observances from the first day of class until the
end of the second week of class. If you will be missing a class for religious reasons, accommodations
will be made as long as you have notified me via MySlice by the end of the second week of classes.
Arrangements must be made for you to take an exam before your absence.
9
Week
Day 1
Day 2
Labs
Quiz
1
Introduction / Textbook
Ch. 1 + Appendix Getting Started
Ch. 1
Syllabus
2
Ch. 3 Production Possibilities
Ch. 3 Production Possibilities
Ch. 3
Ch. 1
3
Ch. 3 Production Possibilities
Ch. 4 Demand and Supply
Ch. 3/4
Ch. 3
4
Ch. 4 Demand and Supply
Ch. 4 Demand and Supply
Ch. 4/ Review
Ch. 4
5
Review
Exam #1
--
--
6
Ch. 5 Elasticity
Ch. 5 Elasticity
Ch. 5
Ch. 5
7
Ch. 6 Efficiency (highlights)
Ch. 7 P/Q restrictions (highlights)
Ch. 6/7
Ch. 6/7
8
Ch. 8 Taxes (highlights)
Ch. 10 Externalities (highlights)
Ch. 8/10
Ch. 8/10
9
Review
Exam #2
--
--
10
Ch. 14 Theory of the Firm
Ch. 14 Theory of the Firm
Ch. 14
Ch. 14
11
Ch. 15 Perfect Competition
Ch. 15 Perfect Competition
Ch. 15
Ch. 15
12
Review
Exam #3
--
--
13
Ch. 16 Monopoly
Ch. 16 Monopoly
Ch. 16
Ch. 16
14
Highlights Imperfect Competition
Highlights Game Theory
Ch. 17/18
Finals
Review Session TBA
Final (Cumulative) Exam: Wed, Dec. 12th, 3:00 – 5:00 pm, Room: TBA

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