PRINCIPLES OF ECONOMICS - Brown University
PRINCIPLES OF ECONOMICS - Brown University
PRINCIPLES OF ECONOMICS - Brown University
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<strong>PRINCIPLES</strong> <strong>OF</strong> <strong>ECONOMICS</strong><br />
ECON 0110<br />
<strong>Brown</strong> <strong>University</strong> Fall 2010<br />
Professor Rachel Friedberg Rachel_Friedberg@brown.edu 863-7578<br />
Course Organizer econ110@brown.edu<br />
Course Web Site available at http://mycourses.brown.edu/<br />
Teaching Assistants:<br />
Brian Cross (914)330-7672 brian.charles.cross@gmail.com<br />
Barthelemy Dessaint (917)573-0924 bdessaint@gmail.com<br />
David Flatow (917)881-9605 daflatow@gmail.com<br />
Chelsea Garber (614)323-8126 chelsea.garber@gmail.com<br />
Ruyi Jiang (301)335-6822 ruyi_jiang@brown.edu<br />
Lawrence Livornese (484)686-9934 lawrence_livornese@brown.edu<br />
Jordan Ou (770)853-6526 jordan_ou@brown.edu<br />
Samantha Wong (917)881-1727 samantha_wong@brown.edu<br />
Rie Yamamoto (203)554-3229 rie_yamamoto@brown.edu<br />
Emily Zheng (401)688-0923 ang_zheng@brown.edu<br />
Office Hours:<br />
Prof. Friedberg Wednesday 10:00-11:30 Robinson Hall 216<br />
Brian Cross Friday 2:00-4:00 Science Library lobby<br />
Barthelemy Dessaint Friday 5:00-7:00 Hillel 2 nd floor<br />
David Flatow Tuesday 7:00-9:00 Alumnae Hall 212<br />
Chelsea Garber Thursday 3:00-5:00 Science Library mezzanine<br />
Ruyi Jiang Wednesday 1:00-3:00 Robinson Hall basement<br />
Lawrence Livornese Wednesday 11:00-1:00 Science Library mezzanine<br />
Jordan Ou Wednesday 3:00-5:00 Robinson Hall basement<br />
Samantha Wong Friday 1:00-3:00 Science Library mezzanine<br />
Rie Yamamoto Monday 2:00-4:00 Science Library mezzanine<br />
Emily Zheng Monday 11:00-1:00 Science Library mezzanine
I. General Information<br />
Class meets for lecture Monday, Wednesday, and Friday, 9:00-9:50 in Salomon 101.<br />
You must register on Banner for a conference section (C##), as well as for the lecture (S01,<br />
CRN 12429).<br />
Free tutoring is available through <strong>Brown</strong>’s Tutorial Program, which is on the web at<br />
http://www.brown.edu/Administration/Dean_of_the_College/tutoring/index.php.<br />
II. Conferences<br />
Conferences meet weekly, for the purpose of collecting and discussing the homework and<br />
assigned readings, presenting new material, and going over material presented in lecture.<br />
Section size is limited to 30, so not everyone will be able to receive their first choice. Once<br />
your schedule is settled, you are expected to attend the same section every week.<br />
Conference Section Schedule:<br />
Section CRN Days Time Place<br />
Teaching Assistant<br />
C01 12708 M 12:00 pm-12:50 pm Salomon Hall 203 Jordan Ou<br />
C02 12709 M 12:00 pm-12:50 pm Wilson Hall Hall 105 Barthelemy Dessaint<br />
C03 12710 M 12:00 pm-12:50 pm Smith-Buonanno Halll G01 Samantha Wong<br />
C04 12711 M 12:00 pm-12:50 pm Smith-Buonanno Halll 101 Ruyi Jiang<br />
C05 12712 M 12:00 pm-12:50 pm Wilson Hall 304 Brian Cross<br />
C06 12713 M 3:00 pm-03:50 pm Smith-Buonanno Halll G18 Samantha Wong<br />
C07 12714 M 3:00 pm-03:50 pm Wilson Hall 304 Lawrence Livornese<br />
C08 12715 M 3:00 pm-03:50 pm Alumnae Hall 212 Chelsea Garber<br />
C09 12716 M 7:00 pm-07:50 pm Alumnae Hall 212 Jordan Ou<br />
C10 12717 Tu 12:00 pm-12:50 pm Smith-Buonanno Halll G01 Emily Zheng<br />
C11 12718 Tu 12:00 pm-12:50 pm Smith-Buonanno Halll 101 Ruyi Jiang<br />
C12 12719 Tu 12:00 pm-12:50 pm Smith-Buonanno Halll G18 Lawrence Livornese<br />
C13 12720 Tu 12:00 pm-12:50 pm Wilson Hall 304 Barthelemy Dessaint<br />
C14 12721 Tu 12:00 pm-12:50 pm Alumnae Hall 212 Chelsea Garber<br />
C15 12722 Tu 4:00 pm-04:50 pm Wilson Hall 304 Rie Yamamoto<br />
C16 12723 Tu 4:00 pm-04:50 pm Smith-Buonanno Halll G13 Brian Cross<br />
C17 13236 Tu 4:00 pm-04:50 pm Alumnae Hall 212 David Flatow<br />
C18 13237 Tu 7:00 pm-07:50 pm Wilson Hall 304 Rie Yamamoto<br />
C19 13238 Tu 7:00 pm-07:50 pm Smith-Buonanno Halll G13 Emily Zheng<br />
C20 13239 Tu 7:00 pm-07:50 pm Alumnae Hall 212 David Flatow
III. Reading<br />
The text is by N. Gregory Mankiw, Principles of Economics, 5th edition, 2009. We will be<br />
covering 29 of the 36 chapters in the book. The version of the textbook available at the <strong>Brown</strong><br />
Bookstore is a two-volume set: “Microeconomics, vol. 1” and “Macroeconomics, vol. 2.”<br />
You are not responsible for chapters not assigned, but you are responsible for material<br />
covered in assigned chapters that is not discussed in lecture, except where explicitly stated<br />
otherwise. In addition, there will be newspaper and magazine articles assigned periodically.<br />
IV. Grading<br />
Your course grade will be based upon three midterms, a final exam, and weekly homework<br />
assignments. Each midterm counts for 18% of the course grade. The final exam counts for<br />
36% of the course grade. Homework counts for 10% of the course grade.<br />
Homework assignments will be posted on the course website and should be turned in at your<br />
conference section.<br />
If you have to miss section one week, you may turn your homework in to your TA’s mailbox<br />
in the basement of Robinson Hall up until 5 p.m. on Tuesday. Note that the building is locked<br />
at 5 p.m.. No credit will be given for homework turned in later, or turned in at a section other<br />
than the one for which you are registered.<br />
Please note the dates of the four exams, which are listed on the next page. An absence from an<br />
exam will be excused only in cases of a medical or family emergency, verified by a letter<br />
from a Dean. Any other requests to be excused from an exam must be presented in writing<br />
within the first two weeks of the semester.<br />
Students entitled by Disability Support Services to extra time on exams must submit<br />
documentation of their eligibility to the Course Organizer at econ110@brown.edu at the<br />
beginning of the semester.
V. Schedule<br />
Wed Sep 1 ch. 1,2 Ten Principles; Thinking Like an Economist<br />
Fri Sep 3 ch. 3 Gains from Trade<br />
Mon Sep 6 Labor Day. No lecture. No TA sections this week.<br />
Wed Sep 8 ch. 4 Supply and Demand<br />
Fri Sep 10 ch. 5 Elasticity<br />
Mon Sep 13 ch. 6 Supply, Demand, and Government Policies<br />
Wed Sep 15 ch. 6 Supply, Demand, and Government Policies<br />
Fri Sep 17 ch. 7 Consumers, Producers, and Market Efficiency<br />
Mon Sep 20 ch. 8 Costs of Taxation<br />
Wed Sep 22 ch. 1-7 FIRST MIDTERM EXAM<br />
Fri Sep 24 ch. 9 International Trade<br />
Mon Sep 27 ch. 10 Externalities<br />
Wed Sep 29 ch. 11 Public Goods and Common Resources<br />
Fri Oct 1 ch. 12 The Tax System<br />
Mon Oct 4 ch. 13 Costs of Production<br />
Wed Oct 6 ch. 14 Competitive Markets<br />
Fri Oct 8 ch. 15 Monopoly<br />
Mon Oct 11 Columbus Day. No lecture. No TA sections this week.<br />
Wed Oct 13 ch. 16, 17 Oligopoly and Monopolistic Competition<br />
Fri Oct 15 ch. 18 Factors of Production<br />
Mon Oct 18 ch. 19 Earnings and Discrimination<br />
Wed Oct 20 ch. 8-18 SECOND MIDTERM EXAM<br />
Fri Oct 22 ch. 19 Earnings and Discrimination<br />
Mon Oct 25 ch. 20 Income Inequality<br />
Wed Oct 27 ch. 20 Poverty<br />
Fri Oct 29 ch. 23 National Income<br />
Mon Nov 1 ch. 24 Cost of Living<br />
Wed Nov 3 ch. 25 Growth<br />
Fri Nov 5 ch. 26 The Financial System<br />
Mon Nov 8 ch. 26 Saving = Investment<br />
Wed Nov 10 ch.19-25 ex. 21,22 THIRD MIDTERM EXAM<br />
Fri Nov 12 ch. 28 Unemployment<br />
Mon Nov 15 ch. 29 Money<br />
Wed Nov 17 ch. 30 Money Growth and Inflation<br />
Fri Nov 19 ch. 33 Aggregate Demand<br />
Mon Nov 22 ch. 33 Aggregate Supply<br />
W-F Nov 24-26 Thanksgiving. No Lecture.<br />
Mon Nov 29 ch. 34 Monetary Policy<br />
Wed Dec 1 ch. 34 Fiscal Policy<br />
Fri Dec 3 Review<br />
Wed Dec 15 comprehensive FINAL EXAM 2:00-5:00
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