Welcome To Microeconomic Theory

Welcome to Economics!!

Hello Econ Students!

My name is Jack Wegman, and I will be your economics instructor for the upcoming semester.

Contact Information:

phone - 527- 4610

Office - 1555 Emeritus - Santa Rosa Campus

Class Meets -MW - 9:00AM - 10:30AM (Emeritus 1596)

Office Hours - MW - 10:30AM -11:00AM

I enjoy talking and working with my students. If you can't attend my office hours, I'm available M-F from 8:00AM - 5:00PM to answer any questions that you might have about the material or the course. Just shoot me an email at jwegman@santarosa.edu

I check my email frequently during the day. I will get back to you the same day.

If you contact me after 5:00PM, chances are that you are not going to get a response until the next day.

If you email me on the weekend, you will receive a response on the following Monday.

We have a lot of material to cover this semester, so I think it a good idea to introduce you to some of the important concepts that you need to keep in mind before the semester begins.

Website: . please familiarize yourself with my website. You will find my teaching schedule and office hours. Please read the Welcome Message. Make sure that you understand my attendance, coming late to class, etc., policies

Before you e-mail any questions to me, make sure that you have looked for the answers to your questions on the syllabus. Many of the answers to your questions can be found there. If you can't find the answer to your question...please e-mail me and I'll be glad to answer.

Check out some of the links just to get an idea of what the course is about (and my sense of humor).

UC and CSU Information:

All SRJC economics courses transfer to the University of California (UC), and California State University (CSU) systems. The primary difference between SRJC courses and four-year college courses at the freshman/sophomore level is the cost of the course, and the number of students in the classroom (35 - 45 at SRJC v 300 - 900 at CAL).

SRJC Course Outline for Econ 2

UC Berkeley Tuition

Sonoma State Tuition

The mathematics prerequisite for both Economics 1 (Macro), and Economics 2 (Micro) is successful completion of Math 155 or eligibility for any SRJC math course numbered 1 - 99.

You will complete the same level of college work in this course that students complete at the University of California. Homework is assigned every day, and all homework assignments require math applications. Homework assignments are reviewed every lecture.

You should plan to devote six hours per week to homework.

The Contract Between You and Me - (please read this and make sure that you understand what it says)

The Golden Rule: it’s very important that we treat each other with respect. When I was a college student, I could not stand instructors who came to class late, were frequently absent, or came unprepared to give an interesting lecture. Now that I am a college instructor, these are some of the things that really bother me:

1. Please do not come to class late. It is disruptive and disrespectful of others.
2. Pay Attention: Text messaging and checking your cell phone is not helpful during class.
3. Leaving Early. If you must leave the class early for some reason, please tell me that you will be leaving class at the beginning of the lecture, and sit near the door so that you don’t walk in front of the entire class when you leave.
4. Please talk to your friends outside of class. Talking while I’m teaching is not going to help your grade. Do not sit near your friends if you feel that you may be tempted to chat during my lectures.
5. Inappropriate behavior: if you’re tired, and need to yawn…do it quietly. If you need to yawn “out-loud” to let me know that you are either tired or bored, then I’ll ask you to leave the room and go home where you can get some sleep. Please don’t come to class sleepy or tired. Putting your head down on your desk to get some rest is not going to impress me.
6. Attendance: the State of California allows a student to miss a maximum of 10% of the course. That means that if you miss more than three (3) lectures, I am required to drop you from my roster.
7. Gear: Being a good student requires the same attitude as being a good athlete. You need to be focused and committed. Please bring the following “gear” to class every day (including the first day of class): textbook, calculator (Econ 2 students need to bring a TI – 83, 84, 85, 86, or 89), ruler, note book, pencils, and erasers.
8. Homework: homework is collected at the beginning of class. Please do not turn homework in at the end of the period. It will not be accepted. I do not accept late homework assignments. If you miss class, then you will not get credit for the assignment. Please do not email homework.

Late Homework Assignments - Late homework assignments are never accepted!! The assignment is LATE if you have to go outside of the classroom to get it!

Please do not send homework assignments via e-mail.

If you miss a class, you may attend a different section. You are welcome to attend as many sections as necessary, but the bottom line is that it is your responsibility to get the information that you missed.

Absence from class is not an excuse for failing to complete assignment(s).
Get the phone numbers or e-mail addresses of one or two students in the class, so that you may contact them should you miss a lecture or need information regarding upcoming quizzes or exams.

"Students with disabilities who believe they may need accommodations in this class are encouraged to contact Disability Resources(527-4278)in the Bertolini Student Center as soon as possible to better ensure such accommodations are implemented in a timely fashion."

SRJC Attendance Policy

Students are expected to arrive to class on time. It is both rude and disruptive to the class when a student arrives late. I understand that sometimes it is difficult to get to class on time, but there is a limit to tardiness.

Students who regularly miss class have a very low probability of passing the course. Santa Rosa Junior College attendance policy is described on page 21 section 2.1 of the College Catalog. For clarification purposes, a student may be dropped from a course if the student misses 10% of the course. Since this course has 30 class meetings, students are permitted to miss a maximum of 3 class meetings.

Attendance Requirements (SRJC College Catalog page 21)
It shall be the policy of the Sonoma County Junior
College District to maintain an attendance policy
and procedures consistent with State and local
requirements.
1.0 Attendance
1.1 Students are expected to attend all sessions
of the course in which they are enrolled.
1.2 Any student with excessive absences may be
dropped from the class.
2.0 Excessive Absence Defined
2.1 A student may be dropped from any class
when that student’s absences exceed ten percent
(10%) of the total hours of class time.
2.2 Instructors shall state in each course syllabus
what constitutes excessive absence for that
course.
3.0 Excused vs. Unexcused absences
3.1 Unless state or federal law requires that the
absence be deemed excused, no instructor
shall be required to make a distinction between
excused and unexcused absences.
3.2 If individual Instructors wish to distinguish
between excused and unexcused absences
the instructor shall state in each course syllabus
all criteria for any excused absences in
addition to those required by state or federal
law.

B. Nonattendance

1.Students who fail to attend the first class
meeting may be dropped by the instructor. For
classes that meet online, students who fail to
log on and initiate participation by 11:59 p.m.
Pacific Time of the first day of the class may be
dropped by the instructor. The start date for full
semester online classes is the official first day
of the semester; for short-term classes, the first
day will be specified in the schedule of classes.

2.Instructors are required to drop all No-Show
students immediately following the second
class meeting. A No-Show is an enrolled stu
-
dent who has not attended any class meeting
of the course. For classes that meet online, a
No-Show is an enrolled student who has not
logged on and initiated active participation
by 11:59 p.m. Pacific Time of the second day
of the class.

Please do not miss class!!!

What Did I Miss? Links to an external site.

Information on Petition to Waive College Regulations - late withdraw from classes https://admissions.santarosa.edu/sites/admissions.santarosa.edu/files/petition-for-waiver.pdf

Exams: All exams are a combination of multiple choice and blue book. I try to make each part worth 50% of the exam. I also give 5 points to every exam just to make certain that I did not make any mistakes when grading your exam. Sometimes I even grade exams twice. I always try to give students the “benefit of the doubt”.

Grades:

There will be four (4) 100 pt exams. The exams are NOT cumulative.
A 90% - 100% (360 - 400)
B 80% - 89.9% (320 - 359)
C 60% - 79.9% (240 - 319)
D 50% - 59.9% (200 - 239)
F less than 50%

There are no term papers or extra credit projects. Grades are based entirely on exams.
.A grade of "C" is required to "pass" if you are taking the class Pass/No Pass.

Exams may be made up ONLY with a written medical excuse signed by an attending physician. There are no term-papers or extra credit projects. If you are planning to miss an exam for any reason, you must make arrangements to take the exam BEFORE you leave.

Information on Academic Integrity - Cheating

SRJC College Catalog - Academic Integrity - page 20

Academic Integrity

Santa Rosa Junior College holds that its primary
function is the development of intellectual curiosity,
integrity, and accomplishment in an atmosphere
that upholds the principles of academic freedom.
All members of the academic community—
student, faculty, staff, and administrator—must
assume responsibility for providing an environment
of the highest standards characterized by
a spirit of academic honesty and mutual respect.
Because personal accountability is inherent in an
academic community of integrity, this institution
will not tolerate or ignore any form of academic
dishonesty.
Academic dishonesty is regarded as any act of
deception, benign or malicious in nature, in the
completion of any academic exercise. Examples of
academic dishonesty include cheating, plagiarism,
impersonation, misrepresentation of idea or fact
for the purpose of defrauding, use of unauthorized
aids or devices, falsifying attendance records,
violation of testing protocol, inappropriate course
assignment collaboration, and any other acts that
are prohibited by the instructor of record.
E.C. 66300-01, 76030-37; Policy 3.11 May 2001
Faculty and students are partners in maintaining
the College’s academic integrity, in accordance
with the guidelines delineated below

Letters of Recommendation

A minimum grade of "A" in the course is necessary to receive a letter of recommendation. Although an "A" is required, it is not sufficient.

I also consider class participation, attendance, and overall attitude.

My Job: It is my responsibility to come to class prepared to provide you with an interesting lecture. I will try to make the lectures as interesting, relevant, and as fun as possible. I enjoy teaching, and like to have fun with my students. I do not miss class. Neither should you!

Your Job: It is your job to come to class prepared to participate. I expect students to ask questions when they need help, and answer questions when called upon. Please do not spend time explaining to me why you cannot do what I expect you to do.

Students may attend any section, but you must take exams with the section in which you are enrolled. Sections have different personalities, and you may visit all of them. If you miss your regular class meeting, go to another section to make-up the lecture material. All sections move at about the same pace.

Online econ students: You are welcome to attend any of the "face-to-face" classes that I teach. You don't need to ask for permission. Just show-up and take a seat!

Information regarding course sections, instructor office hours, and final exam schedules is located on the SRJC website.

Finally, economics is a great subject. It’s a fun course, and it will enable you to understand yourselves and the world around you.

Please feel free to contact me if you have any questions or suggestions.

I look forward to having you in my class for the next seventeen weeks. See you in a few days.

wegman

Education and Teaching Experience:

M. A. Economics, University of Pittsburgh (1977)
M. A. Philosophy, University of Pittsburgh (1977)

B. A. Economics, California State University, Northridge (1974)
B. A. Philosophy, California State University, Northridge (1973)

Academic Experience
Santa Rosa Junior College
Instructor - Economics
1979 - present

Golden Gate University
Lecturer - MBA Program
1985 - 1989

College of Marin
Instructor - Economics
1980 - 82

Santa Monica College
Instructor - Economics
1977 - 1979

Cerritos College
Instructor - Economics
1977 - 1979

University of Pittsburgh
Teaching Assistant (GSI) - Economics
1975 - 1977

Presentations and Publications;

Brook Tauzer Lecture Series - Tauzer Lecturer - Award For Teaching Excellence - "Finding Values, Prices, and Happiness in the Dismal Science", February 14, 2013 Links to an external site.

"Deficits, Debt, and Damnation: A Spiritually Uplifting Lecture on Economics"- Santa Rosa Junior College Professional Development Day - Fall 2009

"Economics - The First Lecture" - Santa Rosa Junior College Professional Development Day - Fall 2005

"The Structure and History of The Federal Reserve System" - Kiwanis Club - March 2000

"Good Policy Requires Good Numbers", Academic Senate Newsletter, March 1999, Volume 2, pp 3

"Failing to Understand the Phillips Curve: A Reply to Warren Brookes" San Francisco Chronicle, May 1988

"An Economic Analysis of Grade Inflation Using Indexing", College and University: The Journal of Collegiate Registrars and Admissions Officers,
Winter 1987, pp 137 - 146

Information on Petitions to Waive College Regulations:

ECON 2 - COURSE INFORMATION, ASSIGNMENTS, SYLLABUS

Course Syllabus for Econ 2 -

Textbook:

McConnell/Brue/Flyn - Economics - 19th ed You may purchase this textbook at the SRJC bookstore.

You may also purchase the textbook at Amazon or any other textbook website.They are available for between $12 - $17.

The ISBN number is: 9780073511443. Please make sure that you purchase the correct textbook.

The textbook is available at the SRJC library at the reserve desk. The call number is HB171.5 .M47 2012. You will need the call number in order to check-out the textbook.

You will need a calculator. You can use:

TI 83, 84, 85, 86, 89

You will also need:

Econ 2 - Principles of Microeconomic Theory - Problem Sets - You may purchase the problem sets at the SRJC bookstore.

Additional Free Textbooks and Materials that can help you understand the material:

Free Complete Textbook - Tregarten/Rittenberg

Free Textbooks on All Subjects - https://openstax.org/ Links to an external site.

Links to an external site.FREE LECTURES! - These are MIT (Massachusetts Institute of Technology) Microeconomics Lectures taught by MIT faculty

FREE DEFINITIONS OF TERMS!!- provided by Professor Johnson - Auburn University Links to an external site.
Links to an external site.

FREE LECTURE NOTES - - Links to an external site.http://homepages.stmartin.edu/fac_staff/dstout/ECN101/lecture_notes.htm

FREE LECTURE NOTES - provided by Professor Kane - State University of New York - Oswego
http://www.oswego.edu/~kane/eco101.htm

Lecture Notes - Eric Doviak - http://www.doviak.net/microbook_3e.pdf