HW paper
Microeconomics Principles
ECON 102
FALL 2012
Lecture time: Tuesdays and Thursdays from 1:00 – 1:50 pm
Lecture room: Foellinger Auditorium
Instructor: Dr. Jose J. Vazquez-Cognet
Office: DKH 102
Office Hours: Wednesdays from 11-12pm; Thursdays from 2-3pm
E-mail: contact your TA first!
COURSE DESCRIPTION
The following is the course description for this course in our course catalog:
Introduction to the functions of individual decision-makers, both consumers and producers, within the larger economic system. Primary emphasis on the nature and functions of product markets, the theory of the firm under varying conditions of competition and monopoly, and the role of government in prompting efficiency in the economy.
I would not be surprised if you were somewhat dismayed by this description. Most people make the incorrect assumption that economics is mainly the study of money. My primary goal in this course is to shatter this belief, then show you how economics deal with some of the most interesting and important questions for humanity. For instance, the following questions are just a few examples of the type of issues economists have dealt with during the last 50 years:
About Love and Marriage
Why is the divorce rate so high and what should we do in order to reduce it?
About the Environment
Why do we have so much pollution?
How much is an endangered species worth?
About Crime
Why is legalizing many drugs the way to go if you want to reduce crime?
About Labor Markets
Why the Federal Minimum Wage puts people out of work?
Why so many women entered the labor force during the last 40 years?
About freedom of religion
Why are people so religious these days?
About things you should be worrying about
Why shouldn’t college be a smart investment?
Why are the presidential candidates missing the point on college costs?
And about many other things
Why are vouchers the best way to finance public education?
Why a draft would only damage the
ECON 102
FALL 2012
Lecture time: Tuesdays and Thursdays from 1:00 – 1:50 pm
Lecture room: Foellinger Auditorium
Instructor: Dr. Jose J. Vazquez-Cognet
Office: DKH 102
Office Hours: Wednesdays from 11-12pm; Thursdays from 2-3pm
E-mail: contact your TA first!
COURSE DESCRIPTION
The following is the course description for this course in our course catalog:
Introduction to the functions of individual decision-makers, both consumers and producers, within the larger economic system. Primary emphasis on the nature and functions of product markets, the theory of the firm under varying conditions of competition and monopoly, and the role of government in prompting efficiency in the economy.
I would not be surprised if you were somewhat dismayed by this description. Most people make the incorrect assumption that economics is mainly the study of money. My primary goal in this course is to shatter this belief, then show you how economics deal with some of the most interesting and important questions for humanity. For instance, the following questions are just a few examples of the type of issues economists have dealt with during the last 50 years:
About Love and Marriage
Why is the divorce rate so high and what should we do in order to reduce it?
About the Environment
Why do we have so much pollution?
How much is an endangered species worth?
About Crime
Why is legalizing many drugs the way to go if you want to reduce crime?
About Labor Markets
Why the Federal Minimum Wage puts people out of work?
Why so many women entered the labor force during the last 40 years?
About freedom of religion
Why are people so religious these days?
About things you should be worrying about
Why shouldn’t college be a smart investment?
Why are the presidential candidates missing the point on college costs?
And about many other things
Why are vouchers the best way to finance public education?
Why a draft would only damage the