2. Guten Tag meine Damen und Herren. Willkommen bei Mikroökonomie. Es tut mir leid. Sie verstehen kein Deutsch Slide 2

3. Guten Tag meine Damen und Herren. Willkommen bei Mikroökonomie. Es tut mir leid. Sie verstehen kein Deutsch Slide 3

4. Guten Tag meine Damen und Herren. Willkommen bei Mikroökonomie. Es tut mir leid. Sie verstehen kein Deutsch C hào t hưa các quý ông. Đến kinh tế vi mô. Tôi xin lỗi. Bạn không hiểu tiếng việt. Slide 4

5. Guten Tag meine Damen und Herren. Willkommen bei Mikroökonomie. Es tut mir leid. Sie verstehen kein Deutsch C hào t hưa các quý ông. Đến kinh tế vi mô. Tôi xin lỗi. Bạn không hiểu tiếng việt. Slide 5

6. Guten Tag meine Damen und Herren. Willkommen bei Mikroökonomie. Es tut mir leid. Sie verstehen kein Deutsch C hào t hưa các quý ông. Đến kinh tế vi mô. Tôi xin lỗi. Bạn không hiểu tiếng việt. Slide 6 Good day, or greetings, ladies and gentlemen. Welcome to Microeconomics. I’m sorry. You do not speak German or Vietnamese.

7. Guten Tag meine Damen und Herren. Willkommen bei Mikroökonomie. Es tut mir leid. Sie verstehen kein Deutsch C hào t hưa các quý ông. Đến kinh tế vi mô. Tôi xin lỗi. Bạn không hiểu tiếng việt. Slide 7 Good day, or greetings, ladies and gentlemen. Welcome to Microeconomics. I’m sorry. You do not speak German or Vietnamese. It is much easier to communicate when you know the language

8. Guten Tag meine Damen und Herren. Willkommen bei Mikroökonomie. Es tut mir leid. Sie verstehen kein Deutsch C hào t hưa các quý ông. Đến kinh tế vi mô. Tôi xin lỗi. Bạn không hiểu tiếng việt. Marginal Opportunity Costs, Production Possibility Frontier, Diminishing returns to capital, time and place utility, CPI, marginal propensity to consume, Gross Domestic Product growth, Aggregate long –run supply Slide 8

9. Guten Tag meine Damen und Herren. Willkommen bei Mikroökonomie. Es tut mir leid. Sie verstehen kein Deutsch C hào t hưa các quý ông. Đến kinh tế vi mô. Tôi xin lỗi. Bạn không hiểu tiếng việt. Slide 9 Marginal Opportunity Costs, Production Possibility Frontier, Diminishing returns to capital, time and place utility, CPI, marginal propensity to consume, Gross Domestic Product growth, Aggregate long –run supply

10. Guten Tag meine Damen und Herren. Willkommen bei Mikroökonomie. Es tut mir leid. Sie verstehen kein Deutsch C hào t hưa các quý ông. Đến kinh tế vi mô. Tôi xin lỗi. Bạn không hiểu tiếng việt. The key to learning economics is learning its language Slide 10 Marginal Opportunity Costs, Production Possibility Frontier, Diminishing returns to capital, time and place utility, CPI, marginal propensity to consume, Gross Domestic Product growth, Aggregate long –run supply

15. PointsActivity 245 (35 each) - Weekly Discussion Threads (Units 1-3 and 5-8) ------------------ 1,000 Total Points Slide 15

16. PointsActivity 245 (35 each) - Weekly Discussion Threads (Units 1-3 and 5-8) 245 (35 each) - Weekly Assignments (Units 1-3 and 5-8) ------------------ 1,000 Total Points Slide 16

17. PointsActivity 245 (35 each) - Weekly Discussion Threads (Units 1-3 and 5-8) 245 (35 each) - Weekly Assignments (Units 1-3 and 5-8) 135 (15 each) – GRADED SEMINARS (Units 1 -9) ------------------ 1,000 Total Points Slide 17

18. PointsActivity 245 (35 each) - Weekly Discussion Threads (Units 1-3 and 5-8) 245 (35 each) - Weekly Assignments (Units 1-3 and 5-8) 135 (15 each) – GRADED SEMINARS (Units 1 -9) 180 - Mid-Term Assignment (due Unit 4) 150 - FINAL Assignment (due Unit 9) ------------------ 1,000 Total Points Slide 18

19. PointsActivity 245 (35 each) - Weekly Discussion Threads (Units 1-3 and 5-8) 245 (35 each) - Weekly Assignments (Units 1-3 and 5-8) 135 (15 each) – GRADED SEMINARS (Units 1 -9) 180 - Mid-Term Assignment (due Unit 4) 150 - FINAL Assignment (due Unit 9) 45 - Unit 10 Writing Assignment ------------------ 1,000 Total Points Slide 19

20. Without Extenuating Circumstances: Up to one week (1-7 calendar days) late 20% deduction in points After one week (8-14 calendar days) late 30% deduction in points No work will be accepted more than two (2) weeks after the due date. LATE POLICY Slide 20

21. Syllabus Your Reading Material Course Outline School of Business Policies GRADING RUBRIC – Discussion Board Online Communications Guidelines Different Kinds of Assignments Paper Submissions University Policies Plagiarism Tutoring Slide 21

22. Syllabus Your Reading Material Course Outline School of Business Policies GRADING RUBRIC – Discussion Board Online Communications Guidelines Different Kinds of Assignments Paper Submissions University Policies Plagiarism Tutoring Slide 22

23. Syllabus Your Reading Material Course Outline School of Business Policies GRADING RUBRIC – Discussion Board Online Communications Guidelines Different Kinds of Assignments Paper Submissions University Policies Plagiarism Tutoring Slide 23

24. Syllabus Your Reading Material Course Outline School of Business Policies GRADING RUBRIC – Discussion Board Online Communications Guidelines Different Kinds of Assignments Paper Submissions University Policies Plagiarism Tutoring Slide 24

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72. What is the last thing that you bought? Why did you buy that particular brand? Why did you buy it from that particular store? Slide 72

73. What is the last thing that you bought? Why did you buy that particular brand? Why did you buy it from that particular store? Does it matter to you that the owner of the other store desperately needed that sale to make “ends meet” ? Slide 73

74. What is the last thing that you bought? Why did you buy that particular brand? Why did you buy it from that particular store? Does it matter to you that the owner of the other store desperately needed that sale to make “ends meet” ? We each do what we feel is in our BEST INTEREST! Slide 74

75. What is the last thing that you bought? Why did you buy that particular brand? Why did you buy it from that particular store? Does it matter to you that the owner of the other store desperately needed that sale to make “ends meet” ? We each do what we feel is in our BEST INTEREST! So does everyone else (consumers AND businesses)! Slide 75

76. What is the last thing that you bought? Why did you buy that particular brand? Why did you buy it from that particular store? Does it matter to you that the owner of the other store desperately needed that sale to make “ends meet” ? We each do what we feel is in our BEST INTEREST! So does everyone else (consumers AND businesses)! Adam Smith’s “invisible hand” at work Slide 76

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79. Slide 79 Thought experiment # 1: Tomorrow, some catastrophe strikes and civilization, as we know it, ends. You, and your family are the ONLY survivors. What must you do to continue living? Water? Food ? Shelter? Clothing? What technologies can you use? What resources do you have?

80. Slide 80 Thought experiment # 1: Tomorrow, some catastrophe strikes and civilization, as we know it, ends. You, and your family are the ONLY survivors. What must you do to continue living? Water? Food ? Shelter? Clothing? What technologies can you use? What resources do you have? Must do every- thing for yourself

81. Slide 81 Thought experiment # 2: Tomorrow, some catastrophe strikes and civilization, as we know it, ends. You, and your family survive. What must you do to continue living? Water? Food ? Shelter? Clothing? What technologies can you use? What resources do you have? Also, many of your neighbors survive. How do things change?

84. Slide 84