Syllabus ECO 1001 FO1 FO3 Spring 2020 PDF

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ECO 1001 FO1L & FO3L Introduction to microeconomics | Spring 2020 | Placido & Ahmadi

Bert%W.%Wasserman%Department%of%Economics%and%Finance% Zicklin%School%of%Business%|%Baruch%College%|%CUNY% % % ECO$1001$FO1L$&$FO3L$Introduction$to$Microeconomics$ Spring%2020 Online%% Starts%on%Monday,%Jan%27th% %Ends%on%Sunday,%May%17th% % % Professor:%Laetitia%PLACIDO% Office:%NVC%10%-%266% Office%Hours:%Tuesdays,%2:30%pm%-%3:30%pm,%and%by%appointment% Email:%[email protected]% % Instructor:%Somayeh%Ahmadi% Office%Hours:%Online%by%appointment%(Zoom%Video%meeting)% Email:%[email protected]$ % % Course$Description$ This%course%covers%the%basic%theories%and%applications%of%microeconomics.%Microeconomics%focuses%on%the% decisions%and%behaviors%of%individual%consumers%and%producers%within%the%marketplace.%Topics%that%will%be% covered%include%supply%and%demand%interaction,%the%impact%of%government%policies,%market%failure,%and%firm% behavior%in%a%variety%of%market%structures%(perfect%competition,%monopoly%and%oligopoly).%As%you%will%see,% economics%can%provide%insight%into%an%incredible%array%of%circumstances,%such%as%the%wage%you%are%paid,%how% many%iPhones%will%be%sold%in%the%U.S.%this%year,%and%the%root%causes%of%asset%price%bubbles%and%economic%crises.% Pre-requisite:%Calculus%or%Precalculus.% Mode$of$Instruction% All%the%class%work%is%online%except%Exam%1%and%the%Final%exam,%which%are%held%on%Campus.%Lectures%videos,% practice%videos%and%review%videos%are%available%online.%Assignments%are%to%be%submitted%online.% Course$Materials$ ● Required:% Access%to%Cengage’s%Mindtap% Principles*of*Microeconomics,%Eighth%Edition%by%N.%Gregory% Mankiw.%It%includes,%the%ebook,%some%of%the%course%videos,%online%homework%and%practice%quizzes.% The%registration%link%is%in%Blackboard,%left%panel%menu,%“MindTap”%-->%“Access%and%Register%for%the% MindTap%here”.%You%can%watch%the%video%‘MindTap%on%Blackboard%Registration%and%Login’%to%learn% how%to%register%with%the%MindTap%via%Blackboard. The%cost%is%$75.%You%can%also%buy%the%physical%book%with%access%to%mindtap%in%Baruch’s%bookstore%for% $90. ● Blackboard:%You%will%find%the%lecture%videos,%quizzes%and%their%video%solution,%and%tapings%of%past% exam%reviews.%% ● Piazza:%You%can%ask%questions%on%the%Piazza.%We%will%try%to%give%you%a%prompt%answer. $ $ $ $ $ $ 1

ECO 1001 FO1L & FO3L Introduction to microeconomics | Spring 2020 | Placido & Ahmadi

Course$Organization$ $ $ $ Each%week%begins%on%Saturday.%On%Fridays,%you%will%receive%the%study%plan%for%the%coming%week.%$ Course$Assignments$and$Exams% Online%assignments.%% ● Online%assignments%are%located%in%Mindtap%and%are%due%each%Friday%before%11:59pm.%% ● There%are%14%assignments,%each%counting%1/14%of%your%homework%grade.%%% ● Each%assignment%consists%of%several%questions%and%you%will%have%three%attempts%at%each%question.% Your%score%will%be%the%highest%of%your%three%attempts.%Please%note,%questions%are%algorithmic,%so%each% student%sees%different%versions.% ● After%a%quiz%deadline%passes,%submissions%will%be%accepted% only%up%to%two%days%after%the%due%date% with%10%%scoring%penalty.%% ● The%due%dates%of%the%quizzes%are%displayed%in%the%next%table.%I%will%not%send%reminders.% % Mindtap$Assignment$ Due$date% Friday%January%31%before%11:59pm% Friday%February%7%before%11:59pm% Friday%February%14%before%11:59pm% Friday%February%21%before%11:59pm% Friday%February%28%before%11:59pm% Friday%March%6%before%11:59pm% Friday%March%13%before%11:59pm% Friday%March%20%before%11:59pm% Friday%March%27%before%11:59pm% Friday%April%3%before%11:59pm% Friday%April%17%before%11:59pm% Friday%April%24%before%11:59pm% Friday%May%1%before%11:59pm% Friday%May%8%before%11:59pm%

Problems%&%Applications%(Ch%04)% Problems%&%Applications%(Ch%05)% Problems%&%Applications%(Ch%07)% Problems%&%Applications%(Ch%06)% Problems%&%Applications%(Ch%08)% Homework%(Ch%03)% Problems%&%Applications%(Ch%09)% Problems%&%Applications%(Ch%10)% Problems%&%Applications%(Ch%11)% Homework%(Ch%13)% Homework%(Ch%14)% Problems%&%Applications%(Ch%15)% Problems%&%Applications%(Ch%16)% Problems%&%Applications%(Ch%17)%

Piazza%Participation:%% You%are%required%to%have%a%weekly%participation%on%the%Piazza%as%described%below:%% • • •

Contribute%at%least%twice%per%week%(by%posting%or%answering%a%question%each%week),%to%receive%5%% credit%attributed%to%this%assignment.% If%you%contribute%more%than%4%times%per%week%(each%week),%you%will%earn%2%%extra%credit%on%your% course%grade. How%do%I%enroll%in%a%class%on%Piazza? 1. %You%can%use%the%link%below%to%sign%up%for%the%class:%piazza.com/baruch.cuny/spring2020/fo1l3l% 2. Or%follow%below%steps:

%%%%%%%%%%%Step%1:%%Go%to%link%below:%%https://piazza.com%and%click%the%green%"Students%Get%Started"button.% %%%%%%%%%%%Step%2:%Enter%your%school:%(CUNY%BARUCH)%% %%%%%%%%%%%Step%3:%Enter%your%class%name%or%number:%(FO%1L%&3L:%Eco%1001%Online)%% %%%%%%%%%%%Step%4:%Select%"Join%as%Student":%% %%%%%%%%%%%Step%5:%Enter%your%school%email%address:(Must%use%Baruch%email%address)% %

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ECO 1001 FO1L & FO3L Introduction to microeconomics | Spring 2020 | Placido & Ahmadi

Exams.$There%are%3%exams.%Exam%2%is%scheduled%online%on%blackboard.%Exam%1%and%the%final%will%take%place%in% the%classroom.%You%will%find%the%dates%of%the%exams%in%the%following%section.% Schedule$ Weeks%%

Topics%%

Chapter%%

Week%1%–%Mon%27-Jan% Week%2%–%Sat%1-Feb% Week%3%–%Sat%8-Feb% Week%4%–%Sat%15-Feb% Week%5%–%Sat%22-Feb% Week%6%–%Sat%29-Feb%% Week%7%–%Sat%7-Mar%

4%% 5% 7%% 6%% 8%% 3%% 9%%

Sun%15-Mar%%

Supply%and%Demand%% Elasticity%% Welfare%and%Efficiency% % Government%Policies%% Taxation%% Gain%from%trade%% International%trade% % Taped%review%@%TBA-%Room%TBA% Exam%1%@%TBA%-%Room%TBA%

Week%8%–%Sat%14-Mar% Week%9%–%Sat%21-Mar % Week%10%–%Sat%28-Mar% Week%11%–%Sat%4-Apr% 8-16%Apr% Week%12%–%Sat%18-Apr% Sun%26-Apr%

Externalities%% Public%goods% % Cost%of%production%%% Firms%in%competitive%market%% Spring%Break% Monopoly%% Exam%2%@%TBA%-%Online%

10%% 11% % 13%% 14%%

Week%13%-%Sat%25-Apr% Week%14%-%Sat%2-May%

Monopolistic%competition%% Introduction%to%Game%Theory;%Oligopoly%% Taped%review%@%TBA%-%Room%TBA% Final%Exam%@%8am%to%10am%in%TBA% %

16%% 17%%

TBA%

TBA%

Sun%17-May%%

4,5,7,%3,6,8,9%

15%% 10,11,13,14,15%

All%

$ % We%have%to%warn%you%that%there%is%a%lot%of%material%to%cover.%We%very%much%want%you%to%learn%this%material% and%we%will%work%hard%towards%that%goal,%but%you%must%carry%your%weight%in%this%process.%The%online%format% adds%another%layer%of%responsibility%on%you.%You%have%to%be%disciplined%about%doing%the%reading%and%quizzes.%% There%is%a%wealth%of%material%in%Mindtap%available%for%practice.%%I%strongly%recommend%that%you%do%the%extra% practice%problems%if%you%are%having%difficulty.%% How%to%do%well?%%Work%diligently.%Watch%the%videos%and%do%the%problems.%Go%back%and%forth%between%the% problems%and%the%videos.% % $ $ $ $ Grading$Policy% Your%grade%will%be%computed%according%to%the%two%following%rules.%The%rule%giving%the%highest%score%for% you%will%determine%your%grade%for%the%class.%%

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ECO 1001 FO1L & FO3L Introduction to microeconomics | Spring 2020 | Placido & Ahmadi

%%%%%%%%%%%%%%%Rule$1$(low$risk$strategy)$ Exam%1%%%%%%%%%%%%%%%%%%%%%%%%%%%20%% Exam%2%%%%%%%%%%%%%%%%%%%%%%%%%%%%20%% Final%exam%%%%%%%%%%%%%%%%%%%%%30%% Online%homework%%%%%%%25%% Piazza%participation%%%%%5%%

Rule$2$(high$risk$strategy)$ Final%exam%%%%%%%%%%%%%%%%%%%%%100%%

Note%that:% Each%exam%is%curved.%The%curve%sets%the%median%to%B%minus.%% The%final%exam%is%cumulative%and%departmental.% $ $ $ Final$Letter$Grade$ The%table%below%provides%the%grading%scale%that%will%be%used%to%determine%your%final%letter%grade.%This%is%the% official%Baruch%College%scale.%This%course%does%not%offer%extra%credit%assignments.% Grade% Scale%

100% -% 93.0% A%

92.90% -% 90.0% A-%

89.9% -% 87.1% B%+%

87.0% -% 83.0% B%

82.9% -% 80.0% B%-%

79.9% -% 77.1% C%+%

77.0% -% 73.0% %C%

72.9% -% 70.0% %C%-%%

69.9% -% 67.1% D%+%

67.0% -% 60.0% D%%

59.9% -% less% F%

Letter% $ Policy$regarding$make-up$exams$ You%must%attend%all%exams%at%their%scheduled%times,%as%there%will%be%no%make-up%exams.%If%you%miss%a%test,% then%I%require%both%of%the%following:%% 1)%An%e-mail%or%voice%mail%message%before%the%exam%explaining%why%you%cannot%attend;%and%% 2)%A%written%note%or%other%documentation%to%support%your%absence%with%appropriate%contact%numbers%for% verification.%% Please%note,%traffic%jams%or%subway%breakdowns%are%not%valid%excuses.%On%the%day%of%the%exam,%I%expect%you% to% leave% in% plenty% of% time% to% compensate% for% these% relatively% common% occurrences.% If% you% miss% an% exam% without%contacting%me%prior%to%the%test,%then%you%will%receive%a%zero.%No%exceptions!%% Also,%please%make%sure%you%bring%pencils%and%erasers%to%the%exams,%because%I%will%not%supply%spares.%Lastly,% If%you%miss%the%departmental%final%exam,%you%will%have%to%take%it%in%Fall%of%2020.%There%will%be%no%make%ups% because%this%is%a%joint%final%for%all%sections%of%ECO%1001.% % Disability$statement% Students%with%disabilities%may%be%eligible%for%a%reasonable%accommodation%to%enable%them%to%participate% fully%in%courses%at%Baruch.%If%you%feel%you%may%be%in%need%of%an%accommodation,%please%contact%the%Office%of% Services%for%Students%with%Disabilities%at%(646)%312-4590.% % Academic$integrity% I% take% your% commitment% to% the% following% statement% in% Baruch% College’s% Student% Guide% to% Academic% Integrity%very%seriously:% We,*the*students*of*Baruch*College,*are*committed*to*creating*and*maintaining*an*environment*dedicated* to*academic*excellence.*We*encourage*students*to*explore,*learn,*apply,*and*achieve*in*many*fields*of*student.* We*believe*that*academic*integrity*is*fundamental*to*achieving*such*goals.***Academic*integrity*can*exist*only* when* there* is* honesty* and* trust* among* students,* faculty,* administrators,* and* staff.* Any* form* of* academic* dishonesty*undermines*this*objective*and*constitutes*a*violation*of*the*academic*policies*set*forth*by*Baruch*

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ECO 1001 FO1L & FO3L Introduction to microeconomics | Spring 2020 | Placido & Ahmadi

College.*We*hold*all*students,*faculty,*administrators,*and*staff*responsible*for*understanding*and*upholding* these*policies*and*ideals.* If%I%determine%that%you%have%cheated%on%an%exam,%you%will%receive%0%points%for%that%exam%and%you%will%be% reported% to% the% Dean%of% Students.% “Cheating”% includes,% but% is% not% limited% to,% talking% to% another% student,% a% physical%exchange%with%another%student,%or%a%concerted%effort%to%view%another%student’s%exam%or%to%share% your%own.% Course$Learning$Goals$ By%the%end%of%the%semester%students%will%be%able%to:%% ● analyze%changes%in%market%equilibrium%in%response%to%changes%in%consumer%demand,%competition,% costs%of%production,%and%government%policy%by%using%the%supply%and%demand%model.% ● understand%why%countries%trade%with%each%other%and%evaluate%the%impact%of%the%main%trade%policies.% ● develop%understanding%of%models%of%firm%choices%and%evaluate%their%role%in%real-life%decisions.% ● differentiate% market% structures% and% compare% their% implications% for% the% determination% of% market% prices.% ● describe% the% economic% role% of% government% in% society% and% remedying% the% inefficiencies% caused% by% externalities.% % BBA$Learning$Goals% Analytical%Skills %

Students%will%possess%the%analytical%and%critical%thinking%skills%to% evaluate%issues%faced%in%business%and%professional%careers.%

Technological%Skills %

Students%will%possess%the%necessary%technological%skills%to%analyze% problems,%develop%solutions%and%convey%information.%

Communication%Skills:%Oral%

Students%will%have%the%necessary%oral%communication%skills%to%convey% ideas%and%information%effectively%and%persuasively.%

Communication%Skills:%Written % Students%will%have%the%necessary%written%communication%skills%to% convey%ideas%and%information%effectively%and% persuasively.% Civic%Awareness%and%Ethical% Decision -Making%

Students%will%have%the%knowledge%base%and%analytical%skill%to%guide%them% when%faced%with%ethical%dilemmas%in%business.%Students%will%have%an% awareness%of%political,%civic%and%public%policy%issues%affecting%business.%

Global%Awareness %

Students%will%know%how%differences%in%perspectives%and%cultures%affect% business%practices%around%the%world.%

$ Course$Assurance$of$Learning$Chart$ BBA$Common$Educational$ Learning$Goals$

Significant$Part$ Moderate$Part$ Course$ of$Course$

Minimal$Part$ of$Course$

Not$Part$of$ Course$

Analytical%Skills %

X$

$

$

$

Technological%Skills %

$

X$

$

$

Communication%Skills:%Oral%

$

$

$

X$

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ECO 1001 FO1L & FO3L Introduction to microeconomics | Spring 2020 | Placido & Ahmadi

Communication%Skills:%Written %

X$

$

$

$

Civic%Awareness%and%Ethical% Decision -Making%

$

$

X$

$

Global%Awareness%

X$

$

$

$

$

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