Economics 1 Spring 2002

• Welcome to Economics 1

• Course Requirements and Grading

• Schedule of Lectures and Quizzes

• Homework Assignments--What to do and when to do it

• Access to Computers at UCSB

• TA Office Hours,  Section Numbers and Class Times, E-mail addresses

        Watch Here for New Announcements
Well, here we are. The end of the term.  Thanks for taking this course.  I hope you have enjoyed yourself.
 

 Best wishes from all of us.
Ted Bergstrom
Anita Gantner
John Hartman
Taeil Kang
Darius Martin
Chris Stoddard
 

The answer keys and the grade distribution on the final exam are  posted.

The scores rat now has your test scores and your exam grades.

If you are curious to see whether you were among the top 10 overall scores and the top 10 earners in classroom experiments, you can click here to see a list of id numbers of the top 10 in each category.
 

***

Do you think United Airlines executives were watching our Chapter 7 Experiment?
Who ever heard of $5 airline tickets?  Click here for the story.
 

Data from Experiments: 
Here is where you will find the data from your section after each experiment is completed.  The data is posted within 3 days of each experiment.

You must use the data from your own section for your homework.  If you are in sections 1-9, your section number is the first digit of your Class ID number.  If you are in section 10, your Class ID  number is of the form 10xx.   If you don't know your ID number, check the page of TA office hours  where the section numbers are given for each TA and each time.

The last two columns of the transaction data tell you the session and round. Please  note that for your homework you will want to work with the data from the last round of each  session.
 

Click here for Homework Data: Experiments 1-6

Click here for Homework Data: Experiment 7
Click here for Homework Data: Experiment 8
Click here for Homework Data: Experiment 11
Click here for Homework Data: Experiment 12
 

Here we supply some slides that are used in the lectures. Just click on the appropriate date below.  The slides use Macromedia's Flash, a program common to interactive web pages.  If you have a recent version of  Netscape or Internet Explorer, you should be able to view them without a problem.   If you can't view them from your browser, try a computer at any of the university's computing labs.Click here for information on access to university computing labs.

Some people have asked whether it is possible to print these slides out.  This is a little awkward because we make many, many pages which are viewed one at at ime.  You can however, do pretty well by putting many small slides on a page.  Do this as follows.  While viewing the lecture, right click on the one of the slides.  On the menu that pops up, choose the pages that you want to print.  Then from the layout tab, choose 16 slides to the page.

Click here  for Quiz Answers and Grade Distributions

Answers Keys and Grade Distribution  for  Final Exam

The Test Scores Rat

Click the rat below to look up your scores on  quizzes.  In the window that opens,  click on the "test"  box and choose the  quiz for which you  want the score.  Enter your Class ID  number (not your perm number)  in the box labelled "id number."  Then click on "Get Score".  A little  box will appear with your score on the selected quiz.

Note:
We do not negotiate grades.  Pleas for a better (or a worse) grade  will fall on deaf ears..

Click the winnings rat to find   your normalized score in each experiment. Click here  to
find out how normalized scores are calculated. In the window that opens when you click the rat, enter your class ID number and  select the score that you want to see.  Then click "Get Score."

We have now posted your normalized winnings on Experiments 1-8 and on 11.  The top total score from these 9 experiments is 85.8.
   The score at the 90th percentile is 68. The median score is 52.   About 2/3 of the class have scores within 10 points of the median.
If your score is within about 10 points of the median,  the effect of your winnings on your course grade will be small.

Practice Questions for Chapter 1
Practice for Quiz 2
Practice for Quiz 3
More practice for Quiz 3
Practice for Quiz 4
More practice for Quiz 4
Practice on Monopoly
More Bozoworks
Notice (typo in Bozoworks) In the Bozoworks problem that starts
"Bozoworks can increase its profits by increasing its output from Q to Q+1 if and only if"
the answer options that say $5 should be changed to $4.   Note that Bozoworks has a marginal cost of $4, not $5.

Practice on Entry and Exit
Practice Problems on Comparative Advantage
Practice Problems on Lemons Markets

Homework Answers

Suggested Further Reading

• EconWeb Samples and Subscription Information. EconWeb is an introductory economics tutorial program which has good discussions of most of the material covered in this course.  It also has some sample multiple choice quizzes and several discussions of applications of simple economics appearing in the newspapers.  To make full use of EconWeb, you have to subscribe. The price is just $9.95 for 6 months to the Micro part of  the course.
• The Iowa Electronic Market.  A political "stock market" in which people can "bet" on outcomes in political elections.
• Paul Krugman's Home Page  Most  economic journalists don't know much economics and most economists can't write worth a damn.  Paul Krugman  is a very competent professional economist who also writes about economics for the popular press.  His home page has links to many of his popular articles.  Take a look.  See if you don't find some of them entertaining and instructive.
• Information Rules! If you  want to know more about the issues raised in our experiment on Network Externalities, this is the place to look. This  book, by Hal Varian and Carl Shapiro, is the best source that we know of on the economics of information technology.
• The Trouble With Electricity Markets (and some solutions), by Severin Borenstein. (pdf file)  A  leading  economist  presents his views on what is going on with California's electric powercrisis.  This is a  readable and interesting application  of simple  economic principles to a major policy issue.

Miscellaneous News Items

• A  Boom in the Popularity of Economics Courses
• Economic Prospects of Economics Majors
• Medical Advice on Learning
• Calvin and Hobbes  Just in case you need a short study break

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