Introduction to Microeconomics (202-0-20)
Instructors
Sara Hernandez-Saborit
I am originally from Spain, and I have lived in India, Kenya, and now the USA. I recently finished my PhD at MIT. My research has focused on violence and labor economics, with a marked gender component. I love yoga, doing ceramics, reading poetry and growing plants that belong to the cactus family. I pronounce my name: /ˈsara/
Meeting Info
Tech Institute Lecture Room 2: Tues, Thurs 8:30AM - 9:50AM
Location of Midterm TBD: Thurs 6:30PM - 8:30PM
Location of Midterm TBD: Thurs 6:30PM - 8:30PM
Overview of class
This is an introductory course that covers the fundamentals of microeconomics. We will study the behaviour of individuals and firms in a world of limited resources, and the interactions between the two in many different markets. With an emphasis on economic principles, students will be introduced to core terminology and modes of analysis for studying the production and distribution of goods and services in the economy. An overarching goal is to gain insight into how, when, and why markets fail or succeed. Specific topics include supply and demand, market equilibrium, elasticity, costs of production, different degrees of competition (including perfect competition and monopoly), and government interventions (price controls, taxes). You will get started thinking about the three fundamental questions in economics: (i) what goods and services should be produced?, (ii) how do we produce those goods and services?, and (iii) who gets those goods and services? This course is aimed at potential economics majors and students who are curious about having a better understanding of the popular press, or analyzing and comparing different government policies.
Registration Requirements
Basic algebra and graphing. Instructor Note: You should be well acquainted with and have confidence applying high-school algebra tools (graphs, equations, tables, inequalities, roots and exponents).
Learning Objectives
The goal of this course is to give the students an introduction into the tools and skills that economists use, as well as an understanding of economic concepts related to: ? Consumer behavior ? Firm behavior ? Government interventions
Evaluation Method
The 2 midterms will happen in the evening and will show up on CAESAR as 2 additional meeting patterns.
Class Materials (Suggested)
Microeconomics by Daron Acemoglu, David Laibson, and John List, 2nd edition, ISBN: 9780134492049 or Microeconomics by Daron Acemoglu, David Laibson, and John List, 1st edition, ISBN: 9780321391575. "MyEconLab" access is not required for the course.
Class Notes
The 2 midterms will happen in the evening and will show up on CAESAR as 2 additional meeting patterns.
Class Attributes
Social & Behavioral Sciences Distro Area
Enrollment Requirements
Enrollment Requirements: Students who have taken or are taking ECON 310-1 or MMSS 211-1 are not allowed to enroll in this course.
Associated Classes
DIS - Shepard Hall B25: Fri 9:00AM - 9:50AM
DIS - Shepard Hall B25: Fri 10:00AM - 10:50AM
DIS - Schapiro Hall 101B: Fri 9:00AM - 9:50AM
DIS - Schapiro Hall 101B: Fri 10:00AM - 10:50AM
DIS - University Hall 101: Fri 9:00AM - 9:50AM
DIS - University Hall 101: Fri 10:00AM - 10:50AM
DIS - Parkes Hall 223: Fri 9:00AM - 9:50AM
DIS - Parkes Hall 223: Fri 10:00AM - 10:50AM