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University of Waterloo

Department of Economics

Course Outline 
 

Term & Year:     

    Fall 2012

Course Number, Section, Campus, Title:  

      7932 ECON 101-010 UW  Introduction to Microeconomics

Lecture Times, Building & Room Number: 

      Section 10   UW  Th 07:00-09:50,   MC 2066

Instructor’s Name, Office Location, Office Hours, Contact: 

      Name:      Robert Jefferson

      Office Location:   HH 218

      Office Hours:    Tuesdays, 2:30-4:00,  Thursdays, 5:00-6:30

            (or by appointment)

      Tel:    519-888-4567 ext# 33169.

      Email:    robert.jefferson@uwaterloo.ca 

      Notes: 

    • When sending email, “Econ 101” must appear in the subject line and the message must include your full name and ID number. 
    • Email will be answered within two Business days
    • Students are encouraged to discuss their questions or problems about the course and course materials with me in person during the term office hours. Group consultations are most welcomed.

Where to find this course outline:

      This course outline is available at two locations for the duration of the term:

    1. Department of Economics website http://economics.uwaterloo.ca/ug-courseschedule.htm
    2. LEARN web site http://learn.uwaterloo.ca/ (use WatIAM/Quest username and password)

 

  1. Course Description

      Economics is the study of how individuals, firms, governments, and other organizations make choices, and how those choices determine how society's resources are used.  The science of economics is divided roughly into two parts, microeconomics and macroeconomics. 

      Microeconomics is the study of the mechanisms by which goods and services are produced and distributed among individuals.  In most of the industrialized world, the allocation mechanism used is the (mostly) free market, in which the actions of buyers and sellers, consumers and producers, are coordinated through prices.  Under certain, "ideal" conditions, the market economy can lead to "efficient" outcomes, i.e., outcomes in which available resources are utilized fully, and allocated to the production of those goods and services which are "most highly valued."

     This course provides an introduction to microeconomic analysis relevant for understanding the Canadian economy. The behaviour of individual consumers and producers, the determination of market prices for commodities and resources, and the role of government policy in the functioning of the market system are the main topics covered.

  1. Course Objectives

    The objectives of this course are for students to (a) understand the need for people to make choices and together work towards overcoming the universal problem of scarcity; (b) appreciate the relevance of economics in a changing world; and (c) develop the capacity to apply critical reasoning to economic issues.

 

  1. Texts

    Required:

      Parkin, Michael and Robin Bade (2012). Microeconomics: Canada in the Global Environment, 8th edition. Pearson Education Canada. Available from UW BookStore.

    Optional/Recommended:

      MyEconLab (Access Code Card packaged with above) – for on-line quizzes

 

  1. Assessments

    The mark breakdown:

Midterm 1 Friday Sept 28, 4:30-6:00 pm 15%
Midterm 2 Friday Oct 26, 4:30-6:00 pm 25%
iClicker Participation Average of Best 16 half-classes 5%
MyEconLab Quizzes Average of Best 10 (of 12) 5%
final exam (comprehensive) TBA (between Dec 6-20) 50%
 

    Notes:

  • MyEconLab Quiz mark is optional.  Students whose final examination grade exceeds the grade on MyEconLab quizzes will be given the final exam grade in lieu of the MyEconLab grade.  Students who choose NOT to complete MyEconLab quizzes will receive the final exam grade in place of the MyEconLab grade.
  • iClicker participation is required (not optional).  Clicker registration, and the clicker participation marking scheme, are outlined below
  • Exams will consist of multiple-choice questions.
  • The date and time for the final exam will be set by the Registrar during the exam period and announced in class and on LEARN.
  • Students are expected to be available during the exam period to write the final exam. Travel plans are not an acceptable reason for requesting an alternative final exam. See http://www.registrar.uwaterloo.ca/exams/finalexams.html for details.
  • Examinations in this course are based on the material contained in the assigned textbook readings and presented as lecture contents (which are strong complements, not substitutes).

 

  1. iClicker Participation
  • Students earn participation marks through the classroom use of iClickers and are responsible for bringing a clicker to each class and ensuring that the batteries work.  
  • You MUST register your clicker for THIS TERM; having registered it in a previous term (e.g., Fall or Winter, 2011) is not sufficient. 
  • Graded class participation will begin in week 2 (September 13th) and continue over the term. 
  • In each class in which the clicker is used there will be a maximum of 5 marks available, consisting of: 3 “participation points” which will be awarded for answering all questions asked; and one “performance point” for each correctly answered question up to a maximum total of 5 (participation + performance) points for the class.   
  • Your final participation grade, worth 5% of your final course grade, will be the average of the best 16 scores. (i.e. the lowest scores will not count to allow for absences from class due to illness, forgotten clickers, dead batteries etc.)
 

Clicker Registration

  • You are responsible for purchasing your clicker from the Bookstore
  • You are required to register your clicker online.  Go to

   http://www.student.cs.uwaterloo.ca/~pkates/uw-clicker.html

  • Please note: Failure to register your clicker will result in loss of clicker marks. You MUST register your clicker to have your clicker marks assigned to you. If you registered your clicker in previous terms, you MUST register it again for this term.
  • Please direct any questions about this process or about clickers in general to Paul Kates (pkates@uwaterloo.ca).

 

  1. MyEconLab registration

    To register for Econ101, Section 10 Introduction to Microeconomics:

    1. Go to pearsonmylabandmastering.com.

    2. Under Register, click Student.

    3. Enter your instructor’s course ID: jefferson03793, and click Continue.

    4. Sign in with an existing Pearson account or create an account:

    � If you have used a Pearson website (for example, MyITLab, Mastering,

    MyMathLab, or MyPsychLab), enter your Pearson username and password.

    Click Sign In.

    � If you do not have a Pearson account, click Create. Write down your new

    Pearson username and password to help you remember them.

    5. Select an option to access your instructor’s online course:

    � Use the access code that came with your textbook or that you purchased

    separately from the bookstore.

    � Buy access using a credit card or PayPal.

    � If available, get 17 days of temporary access. (Look for a link near the bottom

    of the page.)

    6. Click Go To Your Course on the Confirmation page. Under MyLab / Mastering

    New Design on the left, click Econ101, Section 10 Introduction to

    Microeconomics to start your work. 

 

    MyEconLab registration (Continued)

 

    To sign in later:

    1. Go to pearsonmylabandmastering.com.

    2. Click Sign In.

    3. Enter your Pearson account username and password. Click Sign In.

    4. Under MyLab / Mastering New Design on the left, click Econ101, Section 10

    Introduction to Microeconomics to start your work.

    Additional Information

    See Students > Get Started on the website for detailed instructions on

    registering with an access code, credit card, PayPal, or temporary access.

 

  1. MyEconLab Quizzes
 

There will be 12 on-line homework “quizzes” over the term, using MyEconLab.  The average of the best 10 of 12 quizzes will be counted for 5% of your final grade.  Any student whose final exam grade exceeds his or her “quizzes”grade will be given the final exam grade (out of 5) in place of the grade for MyEconLab quizzes. 

  • Quizzes will be posted on MyEconLab at the dates and times listed below and are due at the dates and times also listed below.
  • Submissions will not be accepted after the posted deadline for any reason. You are advised to complete the quizzes as early as possible (which may require that you read ahead in the textbook and lecture notes.)
 
Quizzes Date & Time Coverage
Quiz One Posted Thursday, September 13 at 9:00 a.m.;

due Wednesday, September 19 at 9:00 p.m.

Chs. 1,2 
Quiz Two Posted Thursday, September 20 at 9:00 a.m.;

due Wednesday, September 26 at 9:00 p.m.

Ch. 3
Quiz Three Posted Tuesday, September 25 at 9:00 a.m.;

due Wednesday, October 3 at 9:00 p.m.

Ch. 4
Quiz Four Posted Thursday, October 4 at 9:00 a.m.;

due Wednesday, October 10 at 9:00 p.m.

Chs. 5,6
Quiz Five Posted Thursday, October 11 at 9:00 a.m.;

due Wednesday, October 17 at 9:00 p.m.

Chs. 6,7
Quiz Six Posted Thursday, October 18 at 9:00 a.m.;

due Wednesday, October 24 at 9:00 p.m.

Ch. 16
Quiz Seven Posted Tuesday, October 23 at 9:00 a.m.;

due Wednesday, October 31 at 9:00 p.m.

Ch. 17
Quiz Eight Posted Thursday, November 1 at 9:00 a.m.;

due Wednesday, November 7 at 9:00 p.m.

Ch. 11
Quiz Nine Posted Thursday, November 8 at 9:00 a.m.;

due Wednesday, November 14 at 9:00 p.m.

Ch. 12
Quiz Ten Posted Thursday, November 15 at 9:00 a.m.;

due Wednesday, November 21 at 9:00 p.m.

Ch. 13
Quiz Eleven Posted Thursday, November 22 at 9:00 a.m.;

due Wednesday, November 28 at 9:00 p.m.

Chs. 14, 15
Quiz Twelve Posted Thursday, November 29 at 9:00 a.m.;

Due Monday, December 3 at 9:00 p.m.

Ch. 18

 

  1. Class Schedule / List of Topics
 

    Week 1 (September 13): Ch01.  What is Economics?; Ch02. The Economic Problem

    Week 2  (September 20): Ch03.  Demand, Supply, Market Equilibrium

    Week 3 (September 27): Ch04. Elasticities 

                MID TERM EXAMINATION I, September 28 

        Week 4  (October 4):  Ch05. Efficiency and Equity;

                  Ch06. Government Actions in Markets

      Week 5  (October 11):  Ch07. Global Markets in Action

      Week 6 (October 18):  Ch16. Externalities

      Week 7 (October 25):  Ch17. Public Goods & Common Resources 

                  MID TERM EXAMINATION II, October 26 

      Week 8  (November 1):  Ch11. Output and Cost

      Week 9  (November 8):  Ch12. Perfect Competition

      Week 10 (November 15): Ch13. Monopoly

      Week 11 (November 22): Ch14. Monopolistic Competition

               Ch15. Oligopoly

      Week 12 (November 29): Ch18. Markets for Factor of Production

     

         

    1. Additional Information
    1. Missing the Final Exam Due to Illness
      • Missing the final exam is a very serious matter which automatically results in a zero mark for the exam itself and possibly a failing mark for the course. Read the department policy on deferred final exams http://economics.uwaterloo.ca/DeferredExams.html for instructions.
    1. Missing a Midterm Due to Illness During the Term
      • If a student misses a midterm due to illness and has valid documentation (approval required), the weight of the missed midterm will be shifted to the final exam. Without valid documentation, the student will receive zero for the missed midterm. Midterms will not be rescheduled.
    1. Fee-Arranged Issues

      Students are responsible for administrative matters concerning their course registration including fee arrangements. No make-up work or remedies will be given for losses of access to LEARN and academic consequences arising from administrative issues with the Registrar’s Office.

    1. Economic Clinic

      The department offers free tutorial services to students taking ECON 101 in a walk-in Economic Clinic. Details are available from LEARN, classes, and the department.

    1. Classroom Protocols
      • Private conversations in class are discouraged EXCEPT when clicker questions have been posed (when discussion is encouraged)
      • Turn OFF all cell phone communication devices and put them away for the duration of the lecture.
      • Photographic devices are not permitted in class; this is a University regulation.
      • Courtesy and respect for all learners, and for the learning environment (lecture hall) is expected.  Identified disruptive students will be ejected from the lecture hall.  In the event that disruptive students cannot be identified, the class will be terminated—material and concepts skipped due to early termination will be learned via self-study.
     

       

    1. University Statements
    1. Cross-Listed Courses

      Please note that a cross-listed course will count in all respective averages no matter under which rubric it has been taken. For example, a PHIL/PSCI cross-list will count in a Philosophy major average, even if the course was taken under the Political Science rubric.

    1. Academic Integrity

        Academic Integrity: In order to maintain a culture of academic integrity, members of the University of Waterloo are expected to promote honesty, trust, fairness, respect and responsibility.

        Discipline: A student is expected to know what constitutes academic integrity, to avoid committing academic offences, and to take responsibility for his/her actions. A student who is unsure whether an action constitutes an offence, or who needs help in learning how to avoid offences (e.g., plagiarism, cheating) or about “rules” for group work/collaboration should seek guidance from the course professor, academic advisor, or the Undergraduate Associate Dean. When misconduct has been found to have occurred, disciplinary penalties will be imposed under Policy 71–Student Discipline. For information on categories of offenses and types of penalties, students should refer to Policy 71 – Student Discipline, http://www.adm.uwaterloo.ca/infosec/Policies/policy71.htm

        Grievance: A student who believes that a decision affecting some aspect of his/her university life has-been unfair or unreasonable may have grounds for initiating a grievance. Read Policy 70 – Student Petitions and Grievances, Section 4, http://www.adm.uwaterloo.ca/infosec/Policies/policy70.htm

        Appeals: A student may appeal the finding and/or penalty in a decision made under Policy 70 – Student Petitions and Grievances (other than regarding a petition) or Policy 71 – Student Discipline if a ground for an appeal can be established. Read Policy 72 – Student Appeals, http://www.adm.uwaterloo.ca/infosec/Policies/policy72.htm

      Academic Integrity website (Arts):

        http://arts.uwaterloo.ca/arts/ugrad/academic_responsibility.html

         Academic Integrity Office (University): http://uwaterloo.ca/academicintegrity/

    1. Accommodation for Students with Disabilities:

        Note for students with disabilities: The Office for Persons with Disabilities (OPD), located in Needles Hall, Room 1132, collaborates with all academic departments to arrange appropriate accommodations for students with disabilities without compromising the academic integrity of the curriculum. If you require academic accommodations to lessen the impact of your disability, please register with the OPD at the beginning of each academic term. 


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