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Fall 2002 |
Economics
102 Introductory Economics Microeconomics |
Sections
1-12 |
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Professor
Douglas Blair Room 205, FAS Dean’s Office 77 Hamilton Street 932‑8435 Email: blair@economics.rutgers.edu Web page: http://economics.rutgers.edu/home/blair/ Prof.
Blair's office hours: Tuesday 9:00 to 11:00 a.m. (no
appointment needed) and by appointment at other times |
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Teaching
Assistants 4th floor New Jersey Hall 75 Hamilton Street Ms. Xufeng Qian, NJH423, 932-7469 (Sections 1, 3, 9, 11) Mr. Geetesh Bhardwaj, NJH406, 932-8107 (Sections 2, 7,
10, 12) Ms.
Gulseren Mutlu, NJH429, 932-7333 (Sections 4, 5, 6, 8) TAs' office
hours will be posted on the class web page. |
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REQUIRED PURCHASES:
Taylor, Principles
of Microeconomics, Third Edition, 2001, and Papell, et al., Study
Guide, Third Edition, 2001
(available bundled together at the University Bookstore)
Blair, Course
Packet for Economics 102 (Pequod Copy, 119 Somerset Street, New
Brunswick): Bring to class each day
RULES, REGULATIONS, EXPECTATIONS, AND SURVIVAL ADVICE:
I expect you
in this course to keep abreast of general economic news developments. The best
daily sources of such news are the Wall
Street Journal and the New York Times.
Another excellent source is The Economist;
it is also the best of the general weekly news magazines. Each is available in
the libraries and online, or you can subscribe for yourself. A sign-up form
will be circulated in your recitation section for inexpensive semester
subscriptions to the Journal. You can
order similar student subscriptions to The
Economist at www.economistacademic.com; use my Faculty
ID number, which is 1220. I expect all students to complete each day's
assignment before coming to class. You should also think carefully about
the Questions for Review at the end of each chapter in the text. In addition to
the suggested Practice Problems in the Study Guide, you are likely to find
useful, even though they are not noted explicitly below, the Review Questions,
Worked Problems, and Chapter Tests. In preparing for examinations, you will
find no good substitute for serious and timely attention to the assignments and
Study Guide. Assignments must be handed in weekly in the recitation section.
Since answers to the assignments will be posted in the class web page after
they have been collected, no credit will be given for assignments submitted
late. I expect that you will visit the class web page several times each week,
in part to carry out course assignments. Moreover, official announcements about
this class will sometimes appear ONLY
there. New study aids and other useful information will be added regularly.
The hour
exams each count 20 percent in your grade, attendance and submitted assignments
from the course packet together count 20 percent, and the final counts 40
percent. Makeups will NOT ordinarily
be scheduled for any examination. If you miss an exam due to illness, you must
notify your TA as soon as possible and provide corroborating medical
documentation. When we excuse an absence from an exam due to illness, the
course grade will depend on performance on the assignments and other exams.
Attendance at ALL classes is
required (and recorded).
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Date |
Topic |
Text assignment |
Internet assignment |
On-line labs |
Study Guide (Suggestion only-- not to be handed in) |
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September 5 |
1 |
Themes of Economics: Scarcity,
Choice, and Opportunity Cost |
Chapters 1, 2 ;
Advanced topic A (pp. 449-56) |
Self-grading on-line math skills
pre-test (class web page) |
1.1, 1.2, 1.3,
2.1, 2.2, 2.3 |
Practice
Problems 1.3-1.4 (i.e., Chapter 1, numbers 3 and 4) |
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September 9 |
2 |
An Application of Opportunity Cost:
The Gains from International Trade |
Chapter 17, pp.
396-408 |
Tour the class
web page; complete on-line info form |
3.1, 3.2, 3.3 |
Practice Prob
17.1 |
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September 12 |
3 |
Supply and Demand I |
Chapter 3, pp.
38-52 |
On-line quiz |
4.1, 4.2, 4.3 |
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September 16 |
4 |
Supply and Demand II |
Chapter 3, pp.
53-61 |
Feedback form |
4.4 |
Practice Probs
3.1-3.6 |
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September 19 |
5 |
Price Controls and Black Markets |
Chapter 3, pp.
62-71 |
On-line quiz |
4.5, 4.6 |
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September 23 |
6 |
Incidence of a Per-Unit Tax |
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Feedback form |
4.7 |
Practice Prob 7.2
a-c |
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September 26 |
7 |
Elasticity |
Chapter 4 |
On-line quiz |
4.7, 4.8, 4.9 |
Practice Probs
4.1-4.5 |
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September 30 |
8 |
Theory of Consumer Choice I |
Chapter 5 |
Feedback form |
5.1, 5.2, 5.3,
5.4 |
Practice Prob
5.1 |
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October 3 |
9 |
Theory of Consumer Choice II |
Advanced topic
B, pp. 456-461 |
On-line quiz |
5.5, 5.6 |
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October 7 |
10 |
Supply and Profit Maximization |
Chapter 6, pp.
114-132 |
On-line quiz |
6a.1, 6a.2 |
Practice Prob
6.1 |
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October 10 |
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First Hour Exam (11:30) |
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October 14 |
11 |
Total, Average, and Marginal
Productivity |
Chapter 8, pp.
170-172 |
Feedback form |
6a.3, 6a.4 |
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October 17 |
12 |
From Productivity to Cost Functions |
Chapter 8, pp.
164-175 |
On-line quiz |
6a.5, 6a.6,
6a.7, 6a.8 |
Practice Prob
8.1 |
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October 21 |
13 |
Short Run Supply and Profitability |
Chapter 8, pp.
175-180 |
Feedback form |
6a.9, 6a.10 |
Practice Prob
8.2 |
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October 24 |
14 |
Efficiency and Markets |
Chapter 7;
Chapter 5, pp. 109-111; Chapter 6, pp. 133-135 |
On-line quiz |
9.1, 9.2, 9.3,
9.4 |
Practice Probs
7.1, 7.2 d-e, 7.3 |
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October 28 |
15 |
Cost and Supply in the Long Run I |
Chapter 8, pp.
181-190 |
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6b.1, 6b.2 |
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October 31 |
16 |
Cost and Supply in the Long Run II |
Chapter 9 |
On-line quiz |
6b.3 |
Practice Prob
9.1 |
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November 4 |
17 |
Input Markets; the Distribution of
Income |
Chapter 13 |
Feedback form |
10.1, 8.1, 8.2 |
Practice Probs
13.1-2 |
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November 7 |
18 |
Labor and Capital Markets |
Chapter 16, pp.
368-386 |
On-line quiz |
8.3, 8.4 |
Practice Probs
16.1-2 |
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November 11 |
19 |
Monopoly I |
Chapter 10, pp.
214-230 |
On-line quiz |
7.1, 7.2, 7.3,
7.4 |
Practice Probs
10.1-5 |
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November 14 |
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Second Hour Exam (11:30) |
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November 18 |
20 |
Monopoly II |
Chapter 10, pp.
230-238 |
Feedback form |
7.5, 7.6, 7.7 |
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November 21 |
21 |
Imperfectly Competitive Market
Structures |
Chapter 11 |
On-line quiz |
7.8, 7.9 |
Practice Probs
11.1-2 |
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November 25 |
22 |
Regulation and Antitrust Policy |
Chapter 12 |
Feedback form;
price dispersion project due |
9.5 |
Practice Probs
12.1-2 |
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Tuesday, November 26 |
23 |
Public Goods; Asymmetric Information |
Chapter 15, pp.
342-348, 359-365 |
On-line quiz |
9.6, 9.10 |
Practice Prob
15.2 |
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December 2 |
24 |
Externalities and Environmental Economics |
Chapter 15, pp.
348- 359 |
Feedback form |
9.7, 9.8, 9.9 |
Practice Prob
15.1 |
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December 5 |
25 |
Distribution of Income; Policy Approaches to Inequality and Poverty |
Chapter 14 |
On-line quiz |
10.2 |
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December 9 |
26 |
Overview and Review |
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Monday, December 23 |
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Final Exam 8 a.m.--For location check
web page |
Review session
schedule on web page |
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