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Introduction to Microeconomics

ECO 1104 B&C

Fall Term 2022

COURSE INFORMATION

Lectures

First lecture: Welcome and course overview

Online and recorded

Sep. 8 for Section B and Sep. 7 for Section C

Covers the material in the syllabus, and expectations for the course and for students Subsequent lectures:

Pre-recorded and asynchronous; accessible from the course website

Each covers the material in one chapter

The chapter 1 recording will be available on Friday, September 9

Subsequent recordings will be available on the Wednesday of the week before the week in

which the material will be discussed in tutorials

Students are expected to view each recording before attending that week’s tutorial

Tutorial Schedule

Tutorials commence September 19-22.

Tutorials will be held in class and virtually using Zoom

Only the two virtual tutorials will be recorded

One of the recordings will be posted on the course website

Section B: Tuesdays, 16:00 – 17:20, and Thursdays, 14:30 – 15:50

Section C: Mondays, 17:30 – 18:50 and Wednesdays, 17:30 – 18:50

Tutorial locations for both sections B and C:

Subsection A: FSS 2005

Subsection B: DMS 1160

Subsection C: MHN 033

Subsection V: Virtual

Students are expected to attend one tutorial each week during one of the two time slots for their            subsection. For example, a student in subsection BB must attend the tutorial on either Tuesday at 16:00 or Thursday at 14:30, but not both days.

Instructor Information

Name: Cristina Blanco-Perez

E-mail:cblancop@uottawa.ca

Office location: Faculty of Social Sciences, Room 8063, and online using Zoom

Office hours: Tuesdays, 9:30 – 11:00, and Wednesdays, 9:30 – 11:00

Name: Gordon Lenjosek

E-mail:Gordon.Lenjosek@uottawa.ca

Office location: Faculty of Social Sciences, Room 14025, and online using Zoom

Office hours: Tuesdays, 11:30 – 13:00, and Thursdays, 10:00 – 11:30

Teaching Assistants (TAs)

Will hold tutorials from the 3rd to 2nd  last week of classes to review, and address students’

questions on, chapter material.

Will manage all communications with students relating to course material via the Discussion

Forum.

Will help set up all exams.

Will grade the short-answer questions of the final exam.

Names: TBD

E-mail: Discussion Forum

Name of TA

Number of tutorials per week

Subsection

1

Two

TBD

2

Two

TBD

3

Two

TBD

4

Two

TBD

5

Two

TBD

6

Two

TBD

7

Two

TBD

8

Communications

Communications

Students will  use the Discussion Forum on the course website to ask all questions regarding course content. Questions may be posted there anonymously. Do not use university e-mail addresses to ask questions about course content.

Before posting any question in the Discussion Forum, re-read this document and the Course Overview (PPT document), and review all resources posted on the course website. The answers to many questions can be found in those resources, and students will be referred to them if the answer has already been made available. Verify also that the question has not already been asked and answered in the Discussion Forum.

E-mail questions of a personal nature (i.e., non-content related) to both professors. Include your name and the course code (ECO1104) in the e-mail. Students who e-mail the professors about course content or materials will be directed to the Discussion Forum.

Our goal is to respond to questions within two business days between the hours of 9:00 and 17:00 Ottawa time. We will typically not respond to questions outside of those hours nor on weekends.

Matters requiring detailed discussion will be addressed during the professors’ office hours.

OFFICIAL COURSE DESCRIPTION

Nature and scope of economics. Scarcity and choice. Market mechanism. Demand and supply curves. Shifts of demand and supply. Elasticity and determinants. Consumer behaviour. Nature of the firm and    its basic decisions. Production functions. Total, average, and marginal cost curves. Price decision. Perfect competition. Monopoly. Price discrimination. Government regulation. Factor pricing. Case studies and    applications. Comparative advantage.

COURSE LEARNING OUTCOMES

General Course Learning Outcomes

The course will give students the ability to:  apply  some  of the  key  concepts  and  theories  used  in economics; understand the relationships between economic outcomes and social, political, legal and international factors, and their implications for public policy; and compare and contrast alternative theories and methods in economics and assess the strengths, weaknesses, limitations and appropriate applications of each.

Specific Course Learning Outcomes

The course introduces students to the basic tools of microeconomic analysis and the ways they are applied in real world situations; for example, how markets work, the roles of supply and demand, how prices are determined, and the impacts of selected public policies (including taxes, subsidies, and price controls) on public welfare.

This course complements Economics 1102 (Introduction to Macroeconomics) and is a prerequisite for several courses in Economics numbered 2000 and above.

SYNCHRONOUS SESSION RECORDING POLICY

The courses remote sessions (1st lecture, virtual tutorials and the exam preparation classes) will be recorded and accessible on the course website to support students. These recordings are the intellectual property of the professors and are protected bycopyright. Students authorized to receive recordings are not permitted to share or download them. Students who are found to have shared or downloaded recordings without permission will be guilty of a copyright violation, and standard penalties will apply under copyright law. Access to recordings will be removed after 150 days.

REQUIRED MATERIALS

Print textbook (optional)

Karlan, D., J. Morduch, R. Alam and A. Wong (2020) Microeconomics. 2nd  Canadian Edition. McGraw-Hill

Education.

Connect (required)

A set of online resources from McGraw-Hill that includes the Karlan et al. eText and Smartbook (a special version of the eText), instructions on how to use Connect and Smartbook, interactive chapter-specific assignments for grades, a math review, many practice questions with answers, and contact information for Connect technical support. Students are responsible for becoming familiar with all Connect resources and using them.

When registering for Connect, you must set up a student account using:

a 20-character registration code, which you must purchase; and

your uOttawa e-mail.

To register for or access Connect, click on the “Connect access” link in the Connect folder within the

Content        section        of        the        course        website        or        use        the        direct        link,

https://connect.mheducation.com/class/g-lenjosek-fall-2022-eco-1104.

Purchase Options

The Campus Bookstore has packages containing the print textbook and the Connect registration code as well as the Connect registration code by itself (no print textbook) . Alternatively, you may register and pay for Connect online.

If you acquire a used print textbook, you will still need to purchase the Connect registration code,

and be advised that there are mistakes in the 1st Canadian edition that professors Gray and Lenjosek worked with the authors to correct in the 2nd  Canadian edition.