1. ECON 201 Introduction to Microeconomics
Fall Don Perry

2. What You Need to Know - Tools
Text:
Microeconomics – Greg Mankiw (Version 7)
Not Aplia!
Most recent: 8th edition (not required)
Canvas
homework, in-class work/quizzes, gradebook

3. Required course Materials
Textbook
Gregory Mankiw, Principles of Microeconomics – 7th edition
Available in the bookstore
Hardbound, looseleaf or ebook Prior editions available from on-line sources (e.g. Amazon)
Bookstore: has “price-matching”
Canvas
Source for Homework problems
Source of In-class problems/worksheets
Grades
Relevant articles (classwork and extra credit analyses)

4. Getting Started Course Start/End Dates Begin: 09.25.17 End: 12.14.17
Finals Week: –
Final for this course: 8:30- 10:00 am, Tues,
Textbook: Principles of Microeconomics by Mankiw (7th edition)

5. What You Need to Know - Tools
Organized by week
Each weekly folder
Lecture notes
Relevant articles
Similar organization/materials as facweb
Also has: homework problems, quizzes, grades, assignments and readings

6. Overview of What We Will Be Doing
Introduction to Economic Modeling/Thinking (Ch. 1-3)
Modeling How Markets Work (Ch. 4-6)
Market Efficiency and Economic Welfare (Ch. 7-9)
Market Failure – Negative/Positive Externalities and Common Property Resources (Ch. 10,11)
Market Failure – Market Structure and Market Power – Competitive Markets, Monopoly and Oligopoly (Ch )

7. Grades – How Will They Be Determined?
Three Components to Your Grade Calculation
Homework (25%)
Assigned weekly, available in Aplia (mostly)
3 Exams (17 % each – 50% total)
Exam 1 – Week 4 - Chpt. 1-5
Exam 2 – Week 7 - Chpt. 6-8, 10, 11
Exam 3 (Final) - Week 12 (13-17, 9)
4 Short papers/analysis of current topics (3 pages) (15%)
Class Participation (10%)
Optional Extra Credit paper – economic analysis(3-5 pages)
Choice of 4 topic areas
Subject/Topic must be approved by start of 6th week
Taxes/Price Controls
Environmental Topics (Public Goods – Fisheries, Inoculations; Pollution - taxes/tradable permits)
Market Failure (Cable TV, Pharmaceutical Drugs)
Income Inequality

8. Short Papers Paper Length Analysis of current economic problem
3-5 pages
Analysis of current economic problem
From Approved List, or
My Approval of a Topic of Your Choice
Suggested Outline
Problem Statement – what is the “economic problem”
Literature Survey
Brief review of what the academic economic literature says about it
Critical review of Article
Conclusion(s)

9. My Schedule and Office Hours
Mondays and Wednesdays– at North and UW Bothell
9-10 AM at North
Afternoon at UWB (Stats)
10-11 AM Office Hours at North
Tuesday and Thursdays– at North
9-10 AM Econ 201 (Micro)
10-11 AM Office hours
By Appointment – Fridays?