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Frequently Asked Questions
about Introductory Microeconomics

Click on a question to see its answer.

Administrative matters

  1. Can I use the second edition of the textbook?
  2. The lectures fit in my schedule fine, but my job conflicts with my recitation section. Is it OK if I attend a different section?
  3. The lectures fit in my schedule fine, but I have a conflict involving the recitation section. Do I have to attend a recitation?
  4. Do we have to hand in the homework questions at the end of the textbook chapters?
  5. Why have you only assigned one or two problems from each chapter of the Study Guide?
  6. You mentioned some data-gathering project we have to carry out involving the dispersion of prices. Say what?
  7. Can I search for prices on the Internet to use in the price-dispersion project?
  8. I have a job interview that conflicts with one of the midterm exams. When is the makeup?
  9. Is the final exam cumulative?
  10. May I use a calculator in the exams?
  11. What should I bring to the exams?
  12. If the attendance sheet does not reach my seat for me during lecture, how do I get credit for attending?

Topics in microeconomics

...under construction

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Administrative matters

  1. Can I use the second edition of the textbook?

    Although the underlying economics being presented hasn't changed between the second and third editions, some non-trivial reorganization of the topics has occurred. If you plan to use the second edition, print out this detailed counterpart to the schedule of readings from the third edition that appears on the syllabus.

     

     

  2. The lectures fit in my schedule fine, but my job conflicts with my recitation section. Is it OK if I attend a different section?

    No. You may only attend the section for which you are registered. If your job commitments cannot be rescheduled, you will need to change your registration to a different section or drop the course for this semester. Our experiments in the past with greater flexibility on this issue led to large imbalances in the sizes of sections. They also imposed heavy record-keeping burdens on the teaching assistants.

     

     

  3. The lectures fit in my schedule fine, but I have a conflict involving the recitation section. Do I have to attend a recitation?

    Yes. We can only accept your submissions of homework assignments in your recitation section. The homework assignments and attendance count for 20 percent of your grade.

     

     

  4. Do we have to hand in the homework questions at the end of the textbook chapters?

    No.

     

     

  5. Why have you only assigned one or two problems from each chapter of the Study Guide?

    As the Syllabus notes, doing most or all of the Review Questions, Worked Problems, and Chapter Tests is very useful as well. At least until you see where you stand in mastering microeconomics, it seems prudent to use the Study Guide quite extensively.

     

     

  6. You mentioned some data-gathering project we have to carry out involving the dispersion of prices. Say what?

    The materials for this project appear in the Course Packet following Assignment 13.

     

     

  7. Can I search for prices on the Internet to use in the price-dispersion project?

    Yes, that's fine.

     

     

  8. I have a job interview that conflicts with one of the midterm exams. When is the makeup?

    Sorry, there is no makeup. The dates and times of all exams are published in the syllabus to allow you to avoid this predicament.

     

     

  9. Is the final exam cumulative?

    Yes. Although the exam will place somewhat heavier emphasis on the topics covered after the second exam, you should not neglect the earlier fundamentals on which the later analysis rests.

     

     

  10. May I use a calculator in the exams?

    No. The algebraic problems are designed to be simple and not require a calculator. You may not bring a calculator to any exam.

     

     

  11. What should I bring to the exams?

    You should bring several sharpened pencils and your student ID, which should be visible on your desk at all times. It's a good idea also to bring a straight edge for drawing graphs. Seeing graphs and algebra in exam answers makes economics instructors pant with excitement, even if the test question did not explicitly invite you to include them in your answer. So feel free to include them when appropriate. (In a pinch, you can use your student ID as a straight edge.) You should not bring a calculator, notes, books, or hats. All such belongings must be left at the perimeter of the room before the exam starts.

     

     

  12. If the attendance sheet does not reach my seat for me during lecture, how do I get credit for attending?

    You must find and sign one of the numerous attendance sheets at the end of the lecture. Since we have no efficient way to verify claims after the fact that you were actually in attendance on some date in the past, we do not add names to attendance lists after the instructor has left the lecture hall. Please do not email the instructor or your TA with lengthy essays that seek to establish your presence by describing where you sat, what unusual hat you were wearing (that the instructor must surely have noticed), what amusing jokes the instructor told, or what the instructor had to say about the cross-price elasticity of supply.

     

     

Topics in microeconomics

...under construction