Microeconomic Theory - 2302 Words

|ECON E-1010 | |Microeconomic Theory Spring, 2013 | Course Web Site: http://isites.harvard.edu/course/ext-23285/2013/spring Professor: Bruce Watson econe1010@dce.harvard.edu Lectures: Mondays 7:40 – 9:40 Science Center A Teaching Assistants: Teo Nicolais (For distance students) teo.the.ta@gmail.com Sections (On-line) at http://chat.dce.harvard.edu: To Be Announced Jodi Beggs (For in-class students) jodi@post.harvard.edu Sections: Tuesdays 6:30-8:00 (EST) Location TBA Office†¦show more content†¦We will make these calculations automatically for each student—you don’t have to â€Å"opt in† or â€Å"opt out† of one or the other weighting. We will make certain you receive the highest grade to which you are entitled. Requests for problem set or midterm exam regrades must be submitted to your grader no later that one week after your work has been returned. In order to allow for a timely and orderly response to your request, we must adhere to this policy without exception. We cannot regrade requests made after these deadlines. Grading Mechanics: Assigning Letter Grades Based on a Curve Semester grades are determined by a curve. The nature of a curve is that your grade is based on your performance relative to all other students in the class. It does not involve an â€Å"absolute standard,† e.g., 90 – 100 = A, 80 – 90 = B, etc., which you may be used to from some other courses. I believe that a curve is ultimately the fairest way to determine grades, since it does not set some arbitrary absolute standard, but judges students on their performance relative to their peers. With a curve, your grade is based on your percentile rank in the class, i.e., the percentage of students inShow MoreRelatedMicroeconomic Theory Essay1757 Words   |  8 PagesRunning head: Module 1 Homework Module 1 Homework Michael J Feller Allied American University Author Note This paper was prepared for ECN 150: Introduction to Microeconomics, Module 1 Homework taught by Dr. Dani Babb. PART I Directions: Please draft a three page long document in APA format in which you address the questions below. You must cite at least three scholarly sources within the context of your work and cite your references according to APARead MoreThe Theory Of Macroeconomics And Microeconomics1634 Words   |  7 Pagesfoundation of our economy, the basis of planned obsolescence, the system in all our products are manufactures and marketed, how this technique is â€Å"pulled-off† (in an epithetical fashion) by corporations and how primordial edicts of macroeconomics and microeconomics should be conformed to. Firstly, what is economics? In the words of highly-acclaimed American economists, Steven D. Levitt Stephen J. Dubner-â€Å"Economics is, at root, the study of incentives, how people get what they want or need, especially whenRead MoreThe Demand And Supply Theory Of Microeconomics1055 Words   |  5 Pagesscience and is central to the concerns and problems around the globe† (2003). Microeconomics covers the micro aspects viz. fundamentals, elements of demand and supply, costs, production formation, revenue, markets etc. (Samuelson and Nordhaus, 2003). With that being said, a good knowledge of these above listed aspects is necessary for management students as well as managers. Therefore, a thorough understanding of microeconomics and its principles is vital for effective decision-making. However, sinceRead MoreTheory Of Consumers Choice And Frontiers Of Microeconomics1207 Words   |  5 Pages Theory of Consumers Choice and Frontiers of Microeconomics The consumer’s choice theory studies how consumers make decisions and how they respond to changes in the environment (Mankiw, 2015). In today’s society, there are many changes, and as the years go on and innovations come forth, people are bound to change the way they live their life. As firms produce new and improved products, consumers will continue to buy into them. With the change in economy, people are known to make decisionsRead MoreA Report On The Supermarket Wars1211 Words   |  5 PagesBusiness Economics December 12 2014 Abstract The main purpose of this report is to make references to significant microeconomic models, in order to explain the supply, Demand, Market equilibrium, price discrimination, and Opportunity rate as well as making references to important macroeconomic aims which can be described with some examples such as growth, Inflation, UnemploymentRead MoreMicroeconomics: The Foundation behind Small Businesses1130 Words   |  5 PagesMicroeconomics: The Foundation behind Small Businesses Small business are said to be the backbone of the United States economy. It said that small businesses contribute to growth and vitality in the specific area of the United States economic development. Small businesses play a huge role in how the business world is shaped. Entrepreneurs are smart, creative and innovative however, those same entrepreneurs need to have some knowledge that the study of microeconomics focuses on. With the studyRead MoreSupply and Demand and Academic Honesty Policy Essay1057 Words   |  5 PagesCourse Objectives Tested: 1. Explain key microeconomic terminology. 2. Differentiate between microeconomics and macroeconomics. 3. Create and use economic graphs and numerical models to analyze and solve microeconomic problems. 4. Explain the costs and benefits of international trade, including calculation of gains from trade. 5. Analyze the impact of government activity in markets. 6. Determine optimal consumer buying decisions in the context of utility theory. 7. Compare and contrast optimal pricingRead MoreMicroeconomics of Customer Relationships930 Words   |  4 PagesReading: Microeconomics of Customer Relationships â€Æ' Reading: Microeconomics of Customer Relationships The follow is a critique and review of the reading of Microeconomic of Customer Relationships by Fred Reichheld. I will review the article and evaluate Mr. Reachheld. I will also apply economic theories into why and how I came to my conclusions. Overview on the Reading Microeconomic of Customer Relationships by Fred Reichheld is based on a simple survey based customer-relationship metricRead MoreArticle Analysis 61110 Words   |  5 Pages It begins with a covering known as economics that leads to a multitude root system known as microeconomics only to be fed by the morsels of supply and demand. Though what seems simple in building this mountain, many factors exist waiting for their chance to cause destruction. However, to understand our quest to the top, consumers must understand the clues that are defined as economics, microeconomics, Law of supply and the Law of demand. Dictionary.com states that economics is The social scienceRead MoreSustainable Competitive Advantage Through Core Competencies in a Resource Based Approach1633 Words   |  7 PagesQuestion: The ability of some firms to sustain longer term competitive advantage relates to their capabilities according to the resource based theory of the firm. Summarise this approach to explain why some firms perform better than others in an industry. Sustainable Competitive Advantage Within all economies there have always been firms that are destined for success and firms that are doomed to failure... or have there? Is this an inevitable outcome predestined by exterior market forces