ECO201, Principles of Microeconomics
Fall 2007
Professor Gail
Hoyt
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Employee of the
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New
Announcements
Announcements for Tuesday, April 24
No class on Thursday, April 26 (memorial hall class only)
Grades posted on wall
Seating Chart Posted on Wall
Final exam 6:00-8:00 PM Tues. May 1 in Memorial Hall
For Today:
Course evaluations
Monopoly Lecture
Lecture Notes
for Tuesday, April 24
Announcements for Thursday, April 19
One new handout – white grade summaries
One old handout – blue final exam info
Grades posted on wall
Must know today if you need make up final
For Today:
Perfect Competition
Profit Maximizing Condition – Graphs
Shut Down Rule
Long Run Equilibrium
For Tuesday:
Monopoly Lecture – Last Day of Class (section 8 only)
Lecture
Notes for Thursday, April 19
Announcements for Tuesday, April 17
One new handout – Blue – final exam info
Final Exam Information
Sheet
Content Overview
Study Sheet
Three old handouts –white, green, yellow
For Thursday:
Read (276-291)
Grade Reports
For Today:
Collect Poems
Submit Exam Conflict Forms
Finish Costs in the Short Run
Costs in the Long
Market Structure and Perfect Competition
Lecture Notes
for Tuesday, April 17
Announcements for Thursday, April 12
Three new handouts – green, yellow, and white
For Tuesday:
Poems due (Quiz 22)
Read 253-271
For Today:
Quiz #21
Return Exam 2
Practice Questions
Over Theory of the Firm
Announcements for Tuesday, April 10
One New Handout – white-quiz 20
For Thursday:
Will be returning exams during class
Quiz #21 during class
For Tuesday, April 17
-Read 253-271 in text
-Quiz #22 Economics Poem Due - last quiz
For Today:
-Quiz 20 during class – group activity
-Theory of the Firm(144-149 in packet)
Why firms?
Principal-agent relationships
Production Theory
Product Curves
Introduction to Costs
Lecture Notes
for Tuesday, April 10
Announcements for Tuesday, April 3, 2007
Exam 2 will take place on Thursday, April 5 during regular
class time.
For section 8 will use seating chart posted on wall
For Tuesday, April 10th:
Read 214-227 and 232-245 in text
Quiz 20 During Class - activity
For Today:
Review for Exam II
Lecture Notes
for Tuesday, April 3
Announcements for Thursday, March 29
Exam II on Thursday, April 5
Review on Thursday, April 3
No old or new handouts
(resubmit quiz 9/10 if you have not)
For Today:
Taxation
-Elasticity and the Burden of a Tax
-Quiz #19
-Utility Theory
Lecture Notes
for March 29
Announcements for Tuesday, March 27, 2007
Exam II on Thursday, April 5
Two old handouts: white and pink
For Tuesday:
Read 188-204
Quiz #19 over taxation (will give ? at end of
class)
For Today:
Review Elasticity
Elasticity Quiz #18
Taxation and Government Intervention
I. Introduction
II. The Benefits and Costs of Taxing
III. Two Principles Taxation
IV. Elasticity and the Burden of a Tax
Lecture Notes for March 27
Announcements for Thursday, March 22, 2007
Two new handouts – white quiz and pink exam info
Two old handouts – white and green
For Tuesday: review 166-183 in text, Quiz over all elasticity
lectures (3/8, 3/20, 3/22)
For Today:
Quiz 16 over articles
Lecture
Review of Elasticity
Elasticity of Supply
Income Elasticity
Cross-price elasticity
Introduction to taxation
Exam 2 Information
Sheet
Lecture Notes
for March 22
Announcements for Tuesday, March 20, 2007
No old handouts
Two new handouts-green and white (white articles not available
on line)
Green Practice
Questions over Elasticity, Taxation, and Utility Theory and Key
For Thursday – read 166-183 in text
Quiz #16 over new article packet
For Today:
- Quiz #15 during class
Review of Elasticity
Elasticity graphically
Determinants of Elasticity
Elasticity and Total Revenue
Elasticity of Supply
Tues., 3-20: Elasticity
Thurs., 3-22: Elasticity
and Taxation
Tues., 3-27 Taxation
Thurs., 3-29: Utility
Tues., 4-3: Intro
to Theory of Firm
Review
Thurs., 4-5: Exam
2
Lecture notes
from Tuesday, March 20
Announcements for Thursday, March 8, 2007
No new handouts
One old handout – green practice questions
Today: 3-8 Finish Market Failure
-minimum wage
-trade issues
-start elasticity
Tues., 3-20: Elasticity
Read pages 166-183
Thurs., 3-22: Elasticity
and Taxation
Tues., 3-27 Taxation
Thurs., 3-29: Utility
Tues., 4-3: Review
for exam 2
Thurs., 4-5: Exam
2
Lecture notes
from Thursday, March 8
Announcements for Tuesday, March 6, 2007
One new handout-green Market Failure
Practice Questions and Key
Two old handouts – blue and white
Grade Reports Posted on Walls
For Thursday March 8
Quiz over market failure
Read 140-160 in text
Review blue article packet
For Today:
collect quiz over externalities
Market Failure
- Review
- Income Distribution
- Price Controls
Ceilings
Floors
Lecture notes
from Tuesday, March 6
Announcements for Thursday, March 1, 2007
Two new handouts
-Blue article packet and white quiz sheet (article
packet not available on web - can get outside Dr. Hoyt's office - 335D
in business college)
White Handout
Quiz 13 Due in class on Tuesday, March 6
Two old handouts – ivory article packet and yellow exam
key
For Tuesday:
Read new article packet
Quiz #13 on white sheet due (over articles)
For Today:
Lecture on Market Failure
Quiz #12 during class
Conference sign up sheet up front
Lecture notes
from Thursday, March 1
Announcements for Tuesday, February 27, 2007
Two new handouts – article packet – ivory and exam key
- yellow (not available on line)
For Thursday, March 1:
Review pages in text: 39-45, 121-128, 135-136,
422-437
Read article packet (Quiz 12 over these articles on Thursday,
March 1)
For today:
Quiz #11
The Role of Government in the U.S. Economy - Market failure
-lack of competition
Return and discuss exams
Lecture notes
from Tuesday, February 27
Announcements for Thursday, February 22, 2007
One new handout – Quiz 9/10 (pink) Quiz 9/10 assignment
If you are not in class on February 22 you have the option
to complete quiz 9/10 on your own and submit at the beginning of class
on Tuesday, February 22
For Tuesday:
Read 121-128, 135-136, and 422-437 in text
On Tuesday, lecture and return exams
For Today
Short lecture over shifting supply and demand
Time in class to complete quiz 9/10
Lecture notes
from Thursday, February 22
On Tuesday, February 20 students took the first exam.
Announcements for Thursday, February 15, 2007
Exam I Tuesday, February 20th
No new handouts
For Thursday, February 22: (after test)
Two quiz credit activity based on
articles and short lecture
Will have “not there” option – handout
on web Today:
About the Exam
Review
(unclaimed quizzes in folders up
front)
Finish Supply/Demand Lecture
Test Taking Tips
Seating chart posted on walls
Lecture notes
from Thursday, February 15
Announcements for Tuesday, February 13, 2007
Three old handouts: pink, green, yellow
No new handouts
Exam 1 on Tuesday, February 20th
Seating chart for exam posted on wall
For Thursday – finish lecture and review for exam
For Today:
Review Supply and Demand
Shifting Demand
Shifting Supply
Quiz #8 during class
Lecture notes
from Tuesday, February 13
Anouncements for Thursday, February 8
One old handout (ivory)
Three new handouts (pink (exam 1 review sheet), green(practice
questions for supply and demand), and yellow (articles)) Articles
are not available on the website.
Supply/Demand
Practice Questions and Key
Exam 1 Information
Sheet
Return Quizzes in folders up front (quizzes 2, 4,
and 7)
For Tuesday:
Read last article
packet
Quiz #8 During Class
over new article packet
For Today:
Demand
Supply
Supply and Demand Together-Equilibrium
Disequilibrium (scalping)
EXAM I TUESDAY, February 20 (CONFLICTS?)
Seating Chart Posted on Tuesday
Lecture notes
from Thursday, February 8
Announcements from Tuesday, February 6, 2007
Exam I – Tuesday, February 20 during class
Will use seating chart – posted next week
Quizzes in folders up front
No old handouts
One New Handout: article packet (not
available on web site)
For Thursday:
Read 114-121 and 133-135 in
text (last text reading before test)
Read new article packet
For Today:
Quiz #6 over PPFs
Brief Discussion of Quiz #7 from last time
Closing Thoughts on Economic Systems
The Taxonomy of a Market Economy
Introduction to Demand and Supply
Lecture notes
from Tuesday, February 6
Announcements for Thursday, February 1, 2007
One old handout: blue article questions
No new handouts
For Tuesday:
read 90-109 in text
Today:
Two Important Questions
Economic Systems (pp.41-42 in packet)
Video – Milton Freedom – The
Power of the Market
Group activity on articles-quiz
7
Lecture notes
from Thursday, February 1
Announcements For Tuesday, January 30, 2007
Two old handouts: green practice and white
articles
One New Handout: blue quiz #7 (snow plan) Quiz #7 for Thursday,
February 1
For Thursday:
Read new articles
quiz 7 during class – article discussion questions
in groups on Thursday, February 1
(If you can't be in class on 2/1/07 you have
the option of answering quiz 7 on your own to turn in on Tuesday,
February 6 -instructions are at the top of the quiz 7 assignment sheet.)
Quiz 6 over PPFs (now on Tuesday, February
6)
Today:
- Quiz 5 due-LEAP visit
sheet
- Review
- Robinson Crusoe II – page
19-20 CP
- Tiger Woods and his lawn
- Shifting the PPF
- Introduction to Economic
Systems
Lecture notes
from Tuesday, January 30
Announcements from Thursday, January
25, 2007
4 old handouts –Orange quiz #5, yellow key,
blue LEAP info, ivory article
2 new handouts
articles-white -not available
electronically
practice questions-green
Practice Questions
over PPFs and Key
articles not available electronically
For Tuesday, January 30:
read 58-89 in text
Quiz #5 – LEAP Visit
Sheet Due
Work through pages 19-20
in packet
For Thursday, February 1:
Quiz #6 during class
over new green sheet content
Quiz #7 over Video and
articles during class
For Today:
Collect Quiz #4 on blue
sheet
Production Possibility
Frontiers
Robinson Crusoe Example
17-18 in packet
Specialization and Exchange
Lecture notes
from Thursday, January 25
Announcements from Tuesday, January 23,
2007
4 new handouts:
yellow-practice key
Practice Questions
Key
blue (LEAP info) LEAP LEtter and
Schedule
pink (quiz 5) Quiz 5 visit to
leap
ivory article-not available
electronically
3 old handouts from last Thursday: pink
(quiz 2 taken during class), green (practice ?s), blue (quiz
4 due on Thur. Jan. 25)
For Thursday, January 25:
– No new text reading
(review 23-45)
– Work pages 17-18 in
course packet
– Quiz #4 Due, blue
paper, positive/normative
Quiz 5 Visit to LEAP (pink paper) – due
Tuesday, January 30
For Today:
Take Quiz #3
Math Review
Introduction to PPFs
Lecture Notes for Tuesday, January 23
Announcements for Thursday, January
18, 2007
One old handout – white article packet
Three new handouts-
green practice questions
Practice Questions
pink – quiz #2 for
today (only distributed in class)
blue – quiz 4 (Due
on Thursday, January 25) (includes article - not available
on website)
For Tuesday:
Read 23-45 in text
Try to work pages
11-12 in the course packet
Quiz #3 over first
two days of lecture
(possibly green handout)
For Today: (submit quiz 1 on stage up
front if haven’t yet)
Lecture-The Language of Economics
Review
IV. Forces Influencing
Economic Outcomes
V. Economic Insights
VI. Economic Policy
Options
Quiz #2 in Groups
Thursday, January
18 Lecture Note Summary
Announcements for Tuesday, January
16, 2007
Quiz #1 info sheet due today
New Handout: article packet
For Thursday:
Read article
packet
Read pp. 49-56 text
Quiz #2 based on
“Lure of Coastal Life…” and video clip during class)
Bring course packet
to class
Tuesday, January
16 Lecture Note Summary
For Today:
Outline: The Language of Economics
I. Introduction
II. Economic Terminology
III. Economic Reasoning
A. Economizing
B. Marginal Analysis
C. Opportunity Costs
IV Forces Influencing Economic Outcomes
V. Economic Insights
VI. Economic Policy Options
Announcements from Thursday,
January 11
For Tuesday, January
16th
Quiz #1 Information Sheet Due Information
Sheet
Read pages 4-18 in the Colander Text
Previous Announcements
Lecture Overheads
Assignments and Handouts
Class Photos:
ECO201 Section
7 Spring 2003
ECO201
Section 9 Spring 2003
ECO391 Spring 2003
Fall 2003
Spring 2004
Fall 2004
ECO201 Section
7 Fall 2004
ECO201 Section
8 Fall 2004
ECO201 Section
10 Fall 2004
Spring 2005
Fall 2005
ECO201
Section 8 Fall 2005
ECO201 Section 10
Fall 2005
