ECRU1200 Fall 2007 Dr. Gwendolyn Tedeschi
Sections 2 (10 AM), Section 3 (11:30 AM) Tel: 718-817-3636
Office: E-520 Dealy Hall Email: firstname.lastname@example.org
Office Hours: Mondays & Thursdays 4 – 5:30 PM or by appointment
This course will offer an introduction to the field of economics by examining how individuals
and firms help determine prices, exploring the government's role in economic policy and
inv estigating firms operating in various market situations. We will discuss economic theories,
which are sometimes abstract, and then learn how these theories are applied to the real
world. I n order to further understand how these economic principles govern our everyday
actions, students will take part in classroom experiments in which they will see how the
economic concepts we cover in class influence our decision making processes.
Our textbook for this course is Principles of Microeconomics, 4th Edition by Gregory Mankiw, a
textbook that I have used for many years. We will also be using Aplia, an online application
from economist Paul Romer. Aplia aims to get students more involved in learning economics
through on-line problem sets, experiments, and news analyses. (Payment for Aplia is not
required until 9/26/2007.)
You hav e three options for accessing the Mankiw text + Aplia, both of which are required.
1. Traditional: The bookstore offers a used textbook w ith an Aplia access card for $121.
2. Cheapest: You may purchase Aplia online for $60. Aplia offers all of the textbook
chapters on-line, with a search feature. You can read the textbook from any computer,
on campus and off, so long as it is connected to the Internet. As you will be unable to
store the chapters for use off-line, you may w ant to either print the relevant parts of the
text or plan on walking to the library w hen service in your dorm inevitably goes dow n.
3. Midrange: For those who prefer a non-virtual textbook, you may purchase Aplia online for
$60, and then secure a used version of the textbook. Sources of used textbooks can be
found all over the internet, but buy from a reputable dealer so that you get your book
quickly. A 3rd Edition book is very similar to the 4t h Edition and will be much less expensive.
Homew ork 30%
Midterm Exams 15% each
Final Exam (cumulativ e) 40%
The exams are based mainly on problem sets and the concepts that we cover in class.
Practice exams are available in Aplia under the heading “Course Documents.”
If you must be absent for an exam, I will only give a makeup if I have prior notification
(before the exam is scheduled to begin) and you have a doctor's note or other verifiable
reason for missing the exam.
Homew ork assignments for each chapter are found on Aplia. Most of these assignments
come in pairs of practice and graded problem sets, labeled I and II, respectively. Only
the graded problem set will count toward the homework grade.
The practice sets (“I”) giv e you immediate feedback about whether your answer is right
or wrong and provides an explanation of the correct answer. Use them to check your
understanding of the material before you move onto the graded problem set (“II”).
Assignments are generally due at 9:00 AM on class days. You hav e homework for every
chapter that we cover.
Aplia graded assignments must be completed by the due date/time. You can change
your answers as many times as you like before the due date has passed, but beyond the
due date, the grade will be recorded and it w ill not be possible to change your answers
or complete the assignment. The software does not care whether you have an excuse or
not, so do these assignments early to avoid any emergencies. After the due date, you will
be able to see the correct answers and the explanations.
Since there are many problem sets and emergencies do occur, you might occasionally
fail to complete a problem set. Therefore, I will drop the three lowest grades w hen
calculating your homework grade.
In order to liven up the lectures and show that economic theory is based in reality, we will
attempt several economic “experiments” over the course of the semester. Your active
participation in these experiments, along with homework assignments based on these
experiments, w ill be figured into your homework grade.
Most experiments will be done outside of the Aplia framework, so there w ill be written
problem sets that you must physically turn in to me at the beginning of class.
If you miss class on a day in which we are having an Experiment, you may turn in the
homew ork for credit. You may need to obtain the data from me or another student in
the class to complete the homework. If possible, I will make the data av ailable on Aplia,
under Course Materials. The due date for the homework does not change if you miss the
(Subject to Revision)
Chapter 1: Ten Principles of
Chapter 2: Class WEDNESDAY
10 – 14 Thinking like Chapter 3: Gains Chapter 4: Demand & Supply
an economist from Trade
Chapter 7: Consumers, Producers &
17 – 21 Chapter 4: Market Equilibrium
24 – 28 Experiment: Snipe Market Chapter 5: Elasticity
Chapter 6: Government Policies –
Chapters 6 & 8: Gov ernment Policies
8 – 12 No Class – Columbus Day
15 – 19 Experiment: Drug Market Chapter 10: Externalities
Chapter 11: Public Goods and
22 – 26 Chapter 13: Costs of Production
Chapter 14: Firms in Competitive
29 – 2 Experiment: Airplane Factory
Chapter 14: Firms in Competitive
5–8 Chapter 15: Monopoly
Chapter 16: Oligopoly (not game
12 – 16 Chapter 15: finish Monopolies
19 – 23 MIDTERM No Class – Thanksgiv ing Break
Chapter 17: Monopolistic
26 – 30 Chapter 16: Game Theory
3–6 Chapter 22 Consumer Choice Chapter 21: Frontiers of Economics
Experiment: The Market for Lemons
10 – 14 Reading Day
Last Day of Class
17 (Mon) Section 3 (11:30 – 12:45) Final Exam @ 9:30 AM
20 (Thur) Section 2 (10:00 – 11:30) Final Exam @ 9:30 AM
Student Registration and Payment Instructions
Course Name: Basic Micro Professor: Gwendolyn Tedeschi
Start Date: 09/06/2007 Course Key: D6MM-P5FN-YS66
You can begin working on your homework as soon as you register!
• In this course, you will use a textbook and Aplia's website.
• You have two purchase options.
• You will have free access to the first four chapters of an online copy of your textbook at Aplia. You
can access the remaining online chapters as soon as you submit a payment for your Aplia course.
• Don't buy anything until you understand your alternatives.
1. Connect to http://www.aplia.com.
2. Click the System Configuration Test link below the Sign In and Register sections to make sure you
can access all of the features on Aplia's website. This takes just a few seconds and tells you how to
update your browser settings if necessary.
3. Return to http://www.aplia.com.
• If you have never used Aplia before, click the New Student button and enter your Course Key:
D6MM-P5FN-YS66. Continue following the instructions to complete your registration.
• If you have used Aplia before, sign in with your usual e -mail address and password and enter
your Course Key when prompted: D6MM-P5FN-YS66. If you are not prompted for a new Course
Key, click the Enter Course Key button to enroll in a new Aplia course. Enter your Course Key
when you are prompted.
4. If you understand your payment options, pay now. Otherwise, postpone your purchase decision by
choosing the option to pay later. Your payment grace period ends at the end of the day on 09/26/2007.
Option A: Pay Aplia Directly
• Purchase access to your course directly from Aplia on our website for $60.00 USD. The website
- Access to an online copy of your textbook.
- Content that has been customized for your textbook and course.
• However, if you try using the online textbook and decide you would also like a physical textbook, you
can order one from Aplia for $50.00 USD plus $7.50 for shipping and handling.
Option B: Purchase at Bookstore
• Purchase a bundle from your school's bookstore, which includes:
- An Aplia Access Card containing a Payment Code that you can enter on Aplia's website as
payment for your Aplia course.
- A physical textbook.