Principles of Economics Economics 1 UCLA Winter 2013

Syllabus
Lecturer: Oce: Oce Hours: Telephone: E-mail: Webpage: TAs: Dr. Randall R. Rojas Bunche 9282 Thur, 3:00PM-4:00PM (310) 206-8380 rrojas@econ.ucla.edu www.econ.ucla.edu/rrojas Xue Hu (ecxuehu@ucla.edu) Amanda Nguyen (anguyen10@ucla.edu) Zhipeng Li (leozpl@ucla.edu) Ruoyao Shi (shiruoyao@ucla.edu)

Time and Location Tuesday and Thursday 9:30AM-10:45AM, Rolfe 1200 Course Description Introduction to principles of economic analysis, economic institutions, and issues of economic policy. Emphasis on allocation of resources and distribution of income through price system. Textbook: Modern Principles of Economics. Tyler Cowen and Alex Tabarrok, 2nd Edition (2012). Worth Publishers. Computation of Course Grade The course grade will be based on two midterm exams, and a cumulative nal exam. Formula sheets will be provided during the exams. Missed exams and homework assignments may not be made up. 25% Midterm Exam 1 (Chapters: 1 - 5, Jan 31th ) 25% Midterm Exam 2 (Chapters: 6 - 10, Feb 28th ) 50% Final Exam (Chapters 1 - 14, Mar 18th , 3:00PM - 6:00PM)

Academic Dishonesty: Any cases of academic dishonesty will be reported to the Oce of the Dean of Students. For more details please refer to the Oce of the Dean of Students website at http://www.studentgroups.ucla.edu/dos/

Discussion Sessions You should attend the section for which you have signed up. You may swap sections if you can nd someone in the section that you wish to attend who will swap with you and move to the section for which you are signed up. Please inform the TAs in both sections if you make such a swap.

Section 2A 2B 2C 2D 2E 2F 2G 2H

Day Mon Mon Thur Fri Mon Mon Thur Fri

Time 1:00-1:50PM 2:00-2:50PM 2:00-2:50PM 8:00-8:50AM 2:00-2:50PM 11:00-11:50AM 4:00-4:50PM 11:00-11:50AM

Room BUNCHE 3170 BUNCHE 1221A PUB AFF 2319 BUNCHE 1221A BUNCHE 3164 PUB AFF 2232 BUNCHE 1221A BUNCHE 2100A

TA Xue Hu Xue Hu Amanda Nguyen Zhipeng Li Ruoyao Shi Zhipeng Li Ruoyao Shi Amanda Nguyen

Where to Direct Questions: Types of Questions Administrative (course enrollment, advice) Administrative (switching sections) Problem Sets Course Material Regrading of Exams: Any question about regrading of any exam should be submitted in writing to your section leader, and only if there is clear evidence of such error. If a problem set and/or an exam are submitted for regrading, the entire problem set (or exam) will be regraded. Consequently, the overall grade may increase or decrease, depending on the new grade assigned to each question. Whom to Contact ug-counselor@econ.ucla.edu Ed McDevitt (mcdevitt@econ.ucla.edu) Your TA Post your question on the Discussion Forum

Tentative Course Schedule

Week 1 (Jan 8, 10) 2 (Jan 15, 17) Lecture Topics The Basic Ideas The Power of Trade and Comparative Advantage Supply & Demand 3 (Jan 22, 24) Equilibrium: How Supply and Demand Determine Prices Elasticity and Its Applications 4 (Jan 29, 31) Taxes and Subsidies Midterm Exam 1 (Jan 31) 5 (Feb 5, 7) The Price System: Signals, Speculation, and Prediction Price Ceilings and Floors 6 (Feb 12, 14) 7 (Feb 19, 21) 8 (Feb 26, 28) 9 (Mar 5, 7) International Trade Externalities: When Prices Send the Wrong Signals Midterm Exam 2 (Feb 28) Cost and Prot Maximization Under Competition Competition and the Invisible Hand 10 (Mar 12, 14) Monopoly Price Discrimination 11 (Mar 18) Final Exam (Mar 18, 3:00PM-6:00PM) 11 12 13 14 1 - 14 7 8 9 10 Chapters 1 2 3 4 5 6