Econ2:MarketImperfectionsandPolicy

Fall2016PriceCenterTheatre

BasicInformation

• Instructor:ProfessorKateAntonovics– Office:Economics327– Officehours:Tuesdays10:15-11:45am– Email:kantonov@ucsd.edu

• Thecourse:Econ2isasequeltoEcon1.Theobjectiveofthiscourseistoanalyzetheallocationofgoodsandserviceswhenmarketsarenotperfect,andtheroleofgovernmentinthemarket.Wewillalsotalkaboutthelabormarket.

TopicOutlineTopic Reading

Efficiency,ExchangeandtheInvisibleHand(briefreview) Chapter 7

Monopoly, Oligopoly,andMonopolisticCompetition Chapter8

GamesandStrategic Behavior Chapter9

Externalities andPropertyRights Chapter10

TheEconomicsofInformation Chapter11

LaborMarkets, PovertyandIncomeDistribution Chapter12

TheEnvironment,HealthandSafety Chapter 13

PublicGoodsandTaxPolicy Chapter14

StuffYouNeed

1. TheUCSDcustomeditionofPrinciplesofEconomics,6e,byFrank,Bernanke,AntonovicsandHeffetz (ISBN-9781308574394).TheUCSDcustomeditioncontainsanappendixtoChapter5andadditionalmaterialoninternationaltradethatarenotinthestandardversionofthetextbook.ThisbookalsowillbeusedforEcon3. The5th editionisalsofine.

2. AConnectaccesscodeforthe6th edition.YouMUSThaveanaccesscodetogainaccesstothedigitalmaterialsthataccompanythetextbook,includingthe weeklyon-lineassessments.YourinstructorforEcon3mayalsorequireyoutohavethisaccesscode.

3. i>clickerori>clicker2(optional):availableattheUCSDBookstore(and,asalways,Amazon.com)

• Ifyouhavea5th editionaccesscode,thenemailKaitlinBrooks(kaitlin.brooks@mheducation.com).LetherknowthatyouareinmyEcon2classandgiveheryour5th editionaccesscode.Shewillupdateyourcodetothe6th edition.

• Ifyoudonothavea5th editionaccesscode,thena6th editionaccesscodeplusaprintversionofthetextbookcomebundledtogetherattheUCSDBookstore for$106.75.IrecommendthatyoubuytheBookstorebundlebecauseit’sagooddeal.Warning:donotloseyouraccesscode!!!YoumightneeditforEcon3.

GettingtheTextbook&ConnectAccessCode

5

AWeekintheLifeofEcon21. Attendclass

a. Takenotes;partiallecturenotesarepostedonTritonedb. Answeroptional clickerdiscussionquestions.

2. Attendweeklydiscussionsections:YourTAswillgooveroldexamquestions,whichwillbepostedaheadoftimeontheclasswebpage.Answerswillnotbeavailableuntiljustbeforethemidterm.Youarenotrequiredtoattendsection,butitisrecommended.

3. Completeperiodicpre-classvideoquizzes:beforesomeclassesIwillaskyoutowatchshortvideosandcompleterelatedquizzes.

4. Completeweeklyonlineassessments

1

2

3

ClickerDiscussionQuestionsIndividualVote GroupVoteSmallGroup

Discussion

Class-WideDiscussion

InstructorWrap-up

TraditionalCourses

Youlearnthehardstuffwhenthere’sno“expert”aroundtohelp.

FirstExposure

Lecture Textbook

ReadHardStuff

Homework

SeeifYouKnowHardStuff

Exam

ShowKnowledgeMastery

ThisCourse

• Yourfirstexposuretosomematerialwillhappenbeforelecture.• Thatwecanuseclasstimetoengageinactivitiesthatincreaseyour

understandingofthehardstuff.

SectionPre-ClassAssignments Lecture OnlineAssessments Exams

ShowKnowledgeMastery

FirstExposureLearnHardStuff

withMeandYourClassmates

SeeifYouKnowHard

Stuff

PracticeHardStuffwithTA

+QUIZ

Areclickersworthit?• WhenIhaveusedclickersinthepast,about90% ofstudentsagreedor

stronglyagreedthatotherinstructorsshouldusethisapproach.

• “IfeltlikeIcontributedmoretothisclassthananyotherclassbybeingabletodiscussmyanswerswithmypeers.Inaddition,IfeltlikeIwaslearningfrommypeersaswellwhentheydiscussedhowtheyapproachedtheiranswers.”

• “IfeellikeIamdefinitelymoreengaged.Andsincewediscussthequestionsamongourselves,itismorecomfortableforustoaskeachotherquestionsandhelpeachotherlearn.IstronglyfeellikeIampartofthelecturesandotherstudents'learningprocess,ratherthanjustabystander,listeningandmaybelearningnothing.”

WeeklyOnlineAssessments• Therearetwotypesofonlineassessments(BOTHarerequired)

– End-of-chapter(EOC)questions– LearnSmart (LS)adaptivelearningmodules– Bothgradedonthepercentageofquestionsyouanswer

correctly

• Tocompletetheonlineassessments,youMUSTHAVE aConnectaccesscodeforthe6th edition.

• MostassessmentsaredueSundayat11pm.Lateassessmentsarenotaccepted.Noexceptions.

CourseGradesItem Option 1 Option2

In-ClassClickerDiscussion Questions• Gradedonlyonparticipation• Yougetfullcreditifyouclickatleast75%ofthetime• 6lowestclassesautomaticallydropped

5% 0%

Pre-ClassVideoQuizzes&OnlineAssessments• Approximately20individualitems• 6lowestscoresautomaticallydropped

5% 5%

Midterm:Friday,October14th inclass* 20% 20%

Midterm:Wednesday,November9th inclass* 20% 20%

FinalExam: Tuesday,December6th from11:30-2:30pm* 50% 55%

*ThedatesofthemidtermandfinalexamareNOTNEGOTIOABLE

COURSEGRADE =max{OPTION1,OPTION2}(Ichooseforyou)

GettingStartedwithConnect1. Logontotritoned.ucsd.edu andgotoEcon22. GototheOnlineAssessmentfolderintheContentarea.3. Clickon“Graphing”4. Followthepromptsto“Continue”and“RegisterNow”5. EnteryourUCSDemailaddress.Thisisimportant.Ifyouregister

withsomeotheremailaddress,youwillneedtocontactMcGraw-Hillcustomersupporttochangeyouremailaddress(seebelowforcontactinformation).

6. Enteryouraccesscode,orselect“BuyOnline”,orselect“StartFreeTrial”for14 daysoffreeaccess(seethescreenshotonthenextpage).

14

Visit:www.mhhe.com/support

Call:(800)331-5094

Monday- Thursday: 5am - 1amFriday:5am - 6pm

Saturday:7am - 5pmSunday:9am- 11pm

(AlltimesPacific)

NeedHelp?

15

CourseWebPagetritoned.ucsd.edu

• ALLcourseinformationandmaterials(includingacopyofthissyllabus)arepostedontheclasswebpage.

• YouMUSTregisteryouri>clickeronTritoned.– YES! Evenifyouhaveregisteredyourclickerforanotherclass.– ClickonRegisterYouri>clickerRemoteID inthecoursemenu.– Ifyoufailtodothis,youwillnotreceivecreditforanyofyour

clickerresponses!

AcademicIntegrity• Academicdishonestywillnotbetolerated.Studentsareexpected

todotheirownwork,asoutlinedintheUCSDPolicyonIntegrityofScholarship.AllsuspectedcasesofacademicdishonestywillbereportedtotheAcademicIntegrityCoordinator.InadditiontothepenaltiesimposedbytheAcademicIntegrityReviewBoard,Ialsoreservetherighttofailstudentsfoundguiltyofacademicmisconduct.

• Thefollowingareafewexamplesofacademicdishonesty1. Usingsomeoneelse’sclickerinclass2. Havinganotherstudentcompleteanassignmentforyouorgiveyou

answerstospecificquestions3. Usingunauthorizedmaterialsinanexam4. Lookingatanotherstudent’sanswersduringanexam5. Havingsomeoneelsetakeyourexamforyou6. Lyingabouthavingtakenanexamorcompletedanassignment

AdministrativeIssues1. Ifyouhaveadocumenteddisability,pleasetotalktomeassoonas

possiblesothatIcanmakesuitableaccommodationsforyou.Ifyoubelievethatyouhaveadisabilityanddesireaccommodation,pleaseregisterwiththeOfficeforStudentswithDisabilities.

2. Ifyouneedtomissamidtermforaverifiablemedical/legal/sportsreason,yourmidtermgradewillbeyourgradeonthefinal.Failuretonotifymepromptlythatyoumustmissamidtermwillresultinazerogradeforthatmidterm.Unexcusedabsenceswillalsoresultinazero.

3. Ifyouarrivelatetoanexam,Iwillallowyoutotaketheexaminthetimethatremainsaslongasnoonehasturnedinhis/herexamandlefttheroom.Onceaclassmatehasturnedinhis/herexam,youwillearnazeroonthetestifyouarrivelate.

AdministrativeIssues4. UCSDnowhasautomatedwaitlists.Ifyouhaveanyquestionsregarding

addingtheclass,pleasecontacttheundergraduateadvisorsinSequoyahHall245.

5. WiththepermissionoftheTA,youmayattendanydiscussionsectionandgotoanyoftheTA’sofficehours.

6. Midtermsandexamsthatyoudonotpickupwillbekeptfor30daysfollowingtheendofthecourseandthenthrownaway(atwhichpointyourscorescannotbedisputed).

20

TOUROF CLASSWEBPAGE

Forthenextclass• GetthetextbookandasixtheditionConnectaccesscode• RegisterforConnect• Buyani>clicker• Registeryouri>clickeronTritoned

• CompletetheGraphingassessment—due9/25/16at11:00pm