Syllabus for ECON 1000 Art Noordeh, PhD

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redhorse12

19 Jan 2022

School

York University

Department

Economics

Course

ECON 1000

Professor

Art Noordeh, PhD

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ECON 1000 Full Course Notes

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Document Summary

W: 1 - 3pm or by appointment anoordeh@ yorku. ca. Course: ap/econ1000d introduction to microeconomics - section d. Also, you can access the course related materials directly via: https://wwwpearsonmylabandmastering. com (course id: tba) This course is offered in a blended online and classroom lecture format. The lecture slides/notes presentations will be available on course website on myeconlab, a companion learning management system (lms) to your textbook. The lectures/slides are supplemented by discussion questions and problems to be worked out by the students. Students who have difficulties answering the questions should consult with the teaching assistants who will be available to assist students online via the discussion board or in person during their office hours. The required readings and assignments are central to the course. The lectures will serve to enrich, clarify, and illustrate crucial issues from the assigned readings. The course presents an overview of microeconomic analysis, which entails the study of markets and the behavior of individual consumers and firms.

Related Questions

Which scenario describes studying for an economics course without applying the scarcity principle?

a. Mary studies two hours for every one hour she is in the classroom.
b. Jonah studies three afternoons a week until he understands the material or until dinner, whichever comes first.
c. Lucy studies with her roommate who is also taking the course, and they discuss economic concepts during any free time they can find.
d. Chloe studies for this course and does nothing else
e. Rafael talks to an economist whenever he has a chance to do so.

burgundyserval986

1. Students at expensive liberal arts colleges can often take courses at an adjacent public university at no additional charge. One of liberal arts college professors tells his students that it would make no sense to take courses from the public university because they would be losing the money they paid for tuition at the pricey private college. Given that a student has already paid her tuition at the liberal arts college, but judges that a course offering at the public university is better for her, she should take the course from:

a.the liberal arts college because she needs to get her moneyâs worth from the high tuition she has already paid.

b. the public university because the added cost of attending the public university course is zero.

c.The liberal arts college because the average tuition cost per course will rise if she takes less courses at the private school.

d. the pubic university because average tuition cost at the public university is lower than at the private college.

2. Using the reasoning of behavioral economics, which of the reasons below might best explain why companiesoffer a30-day-no-questions-asked return policy? Such a policy may convince a customer who otherwise might not make a purchase to take the product home and then the product:

a.becomes part of the customerâsendowmentat which pointloss aversionkicks in.

b. becomes a decoy and the customer decides to purchase multiple units of the good.

c. purchase price becomes a sunk cost and the customer correctly ignores it and views the good as free.

d. becomes an anchor upon which the customer inadequately adjusts for quality and ends up keeping the good even though itâs inferior to other alternatives.