Wk #15 (Dec 7-11)
Lectures:
Unit 8, Adv Pricing/Mktg (conclusion)
F: Review for final exam
Labs:
Qz #14, review
IC #15, Adv Pricing/Mktg
Readings/Homework:
see home page
Final Exam:
Study guide to be posted by W Dec 9
When: F Dec 18, 7:30 a.m.
Where: 2115 Pearson
Scores/grades: To be posted by T 22
Quote: (reminder)
"Life is like a round of golf with many a turn and twist. But the game is much too short to curse the shots you've missed. So keep a song in your heart and give thanks you can play. For the round is much to short to just let it slip away." (Criswell Freeman)
Wk #14 (Nov 30-Dec 4)
Hope you had a great Thanksgiving.
Ex #3:
Summary of scores to be posted as soon as they are available. The exam will be reviewed in lab (and some in lecture) this wk.
Lectures:
Unit 8: Adv Mktg/Pricing Topics
Lab:
IC #14: LR costs, Pricing
Qz #13: LR cost min.
Readings/Homework
Unit 8: posted on home page
Quote: "A diamond is just a piece of coal that was persistant under pressure." (Wally Ames)
Wk #13 (Nov 16-20)
Lectures:
Unit 7, LR production (conclusion)
Unit 8, Advanced mktg/pricing topics (intro)
Lab
Qz #12, LR production functions, isoquants, costs
IC #13, LR costs
Suggested readings/homework:
Unit 7
EXAM #3
F Nov 20, see study guide
Quote: "Man only likes to count his troubles, but he does not count his joys." (F. Dostoyevsky, Russian novelist, 1821-1881)
Wk #12 (Nov 9-13)
Lecture topics:
Unit 6 (SR profit anal) conclusion
Unit 7 (LR production)
Labs:
Qz #11: SR breakeven, profit analysis
IC #12: LR production
Readings/Homework:
see home page, Unit 6
Exam #3
Looking ahead = F Nov 20 (Wk #13)
Quote: "It's the final steps of a journey that create an arrival." (Sam Parker)
Wk #11 (Nov. 2-6)
Lecture topics:
Unit 6 (SR breakeven, profits, shut down)
Unit 7 (LR prod) intro
Labs:
IC #11: SR breakeven, profit analysis
Qz #10: SR costs
Suggested homework:
Unit 6
Quote: "It's the final steps of a journey that create an arrival." (Sam Parker)
Wk #10 (Oct. 26-30)
Ex #2 scores summary to be posted under exam information by T or W
Lectures:
Unit 5 (SR production) conclusion
Unit 6 (SR costs, profits)
Labs:
IC #10 SR costs
Qz #9 SR production and optimal input use
Readings and homework:
Unit 6
Ex #2:
to be reviewed in lab. You must return your Ex during lab or else your score will = 0.
Midterm notices:
Reminder - these were issued to students whose Ex #1 grade was D+ or less.
Quote: "If you think an education is expensive, look at the cost of ignorance."
Wk #9 (Oct. 19-23)
Lectures:
Unit 5, SR production
Labs:
IC #9, SR production
Qz #8, Elasticity
Suggested homework/readings:
None this week; use spare time to study for test.
Ex #2:
F Oct 23, study guide to be posted
Quote: "My definition of a good day is when I learn at least one new thing." (Barbara Grimes, Intel)
Wk #8 (Oct. 12-16)
Lecture topics:
Elasticity (Unit 4)
SR production intro (Unit 5)
Lab:
IC #8 - elasticity
Qz #7 - D and revenue analysis
Suggested homework and readings:
Unit 4
Quote: "An investment in knowledge pays the best interest." (Ben Franklin)
Wk #7 (Oct. 5-Oct. 9)
Lectures:
Unit 4 - Quantitative D and revenue analysis
Lab:
IC #7 - D and revenue analysis
Qz #6 - Utility max
Suggested homework:
Units 3 and 4
Readings:
Corresponding topic pages
Quote (Picabo Street, Olympic Skier)
L > E = S, where
L = loving what you do
E = effort of doing it
S = success
Wk #6 (Sept. 28-Oct. 2)
EX #1
a) summary of scores/grades to be osted here early in the week
b) your result to be posted under 'scores'
c) to be reviewed in lab
Lectures
Unit 3 conclusion
Unit 4 intro
Readings
See topic outline
Suggested homework
Complete Unit 3. Note, original recommended problems are from an earlier edition of Perloff and they will be written out on our home page.
Labs
Review Ex #1
Qz #5: Indifference curves
IC #6: Utility max
Quote:
"A bend in the road is not the end of the road, unless you fail to make the turn." (Anon)
Wk #5 (Sept. 21-25)
Exam #1:
F 9/25. Study guide (by F 9/18), study tips, 'old' exams (not always same topics) located elsewhere on this home page.
Lectures:
Unit III continued (utility, indifference curves)
Labs:
Qz #4, budget lines
IC #5: indifference curves, utility
Suggested readings/homework (see home page)
Quotes:
"Money can't buy happiness." (anon)
"Whoever said money can't buy happiness doesn't know where to stop." (anon)
Wk #4 (Sept. 14-18)
Topics:
Unit 2: Mkt P Analysis (conclusion)
Unit 3: Budget constraints, utility
Labs:
Qz #3: Mkt P (S&D) analysis
IC #4: Budget constraints, utility
Readings: Unit 3 (Ch 3, 4, 5) - see topic outline for specific pgs.
Homework:
Unit 1 - Should have done.
Unit 2 - Complete by mid week
Unit 3 - Start this week
Exam #1 Reminder: Fri., Sept. 25 (details TBA)
Quote: "If you can count your money, you don't have a billion dollars." (J. Paul Getty)
Wk #3 (Sept. 7-11)
M: Labor Day. NO CLASS!
Lecture topics:
Unit 1 conclusion
Unit 2 (Mkt P Analysis)
Lab this wk:
Qz #2: time value of $
IC #3: Mkt P Analysis
Readings: Ch. 2, 5, 9 (see topic outline for specific pgs)
Quote of the week: Determination + Patience = Success!
Wk #2 (Aug. 31-Sept. 4)
Readings: (see course admin. document)
Suggested Problems: (see home pg)
Lecture topics: Unit 1 continued
Lab this wk:
Qz #1: marginal analysis, math review
IC #2: marginal analysis, time value of money
Quote for the wk:
"If S = success, the formula for success is:
S = x + y + z where
x = work
y = play, and
z = keep your mouth shut." (Albert Einstein)
Econ Trivia
According to the Wall Street Journal (3/27/06), what 9 'money' questions should every couple ask and deal with before getting married?
1. What is your net worth?
2. What debts do you have?
3. What are your thoughts on spending vs. savings?
4. Should we have a prenuptial agreement?
5. What are your short-term and long-term financial goals?
6. What are your career vs. family goals and priorities?
7. How should we divide up financial duties?
8. How many checking and saving accounts should we have?
9. How would you characterize your knowledge of managing money?
Wk #1 (Aug. 24-28)
Welcome to our class home page. Look for announcements here every Friday updating you on the forthcoming week.
I hope you enjoy the class and learn a lot. Feel free to make suggestions at any time.
Our course administration handout is posted elsewhere on this home page and does contain information about our required textbook, as well as grading information and various course policies that should be of interest to you. It is suggested you print off a copy and read it carefully.
Unit 1 Learning Objectives:
1. Understand the meaning of microeconomics and related terms
2. Explain and do marginal economic analysis
3. Calculate mathematically and graphically the slope (incremental change) of both linear and nonlinear functions
4. Derive and interpret a linear equation for an economic relationship
5. Understand and apply rules of exponents
Lab this week:
In-class = marginal analysis, slope calculations, exponent rules, straight-line equations
Quote of the week: "We come to college not alone to prepare to make a living, but to learn to live a life." (M.J. Riggs, Iowa State College, 1883)