Term
What is the instructor's name? 

Definition


Term
Where is the instructor's office? 

Definition


Term
What are the three parts of Microeconomics 143? 

Definition
Introduction to Markets and the Consumer
Theory of the Firm
Additional Topics 


Term
How many quizzes are in the class? 

Definition


Term
Are there makeups for quizzes? 

Definition


Term
How many tests are there? 

Definition


Term
When should you ask questions you have about your notes? 

Definition
At the beginning of class 


Term
How much are quizzes and homework sets worth? 

Definition


Term
How much are tests worth? 

Definition


Term
If you miss class when a homework set is given what do you score on the homework set? 

Definition


Term
How many homework sets are there? 

Definition


Term
How many points is the final test worth? 

Definition


Term
What does Part One of Tests Consist of? 

Definition


Term
What does Part Two of Tests consist of? 

Definition
Critical thinking and analysis of concepts. 


Term
When is a homework set due? 

Definition
One week after it is assigned 


Term
Can you keep track of class progress online using canvas? 

Definition


Term
Can you reschedule an exam? 

Definition


Term
If you are interested in supplement knowledge relevant to the class, where can you find it online? 

Definition


Term
What is the instructor's email? 

Definition


Term
Are the tests comprehensive? 

Definition
The first two, not so much, the third one, yes. 


Term
What does today's introduction cover? 

Definition
Graphics, Mathematics, and Thinking 


Term
What does Economics Involve? 

Definition


Term
How do economic variables seem to appear? 

Definition


Term
What are economic thinkers interested in? 

Definition
The relationships between economic variables 


Term
What do economic thinkers use to help understand the relationship between variables? 

Definition


Term
What are the three analytical tools of economics? 

Definition
Language, Graphics, Mathematics 


Term
Variables in a sample can have three possible relationships? 

Definition
Direct relationship, Inverse relationship, or no relationship. 


Term
What are direct variables? 

Definition
Variables that move in the same direction 


Term
What are examples of variables with direct relationships? 

Definition
Consumption and Disposable Income  Price and Quantity of Supply  Labor Input and Production Output  Total Cost of Production and Production Costs 


Term
What does y equal when referring to a direct relationship, indirect relationship, and no relationship between variables? 

Definition


Term
What is an inverse relationship between variables? 

Definition
When variables move in opposite directions 


Term
What are examples of inverse variable relationships? 

Definition
Price and Quantity Demanded  Interest Rate and Quantity of Capital Demanded  Decision to Buy More of One Good and Decision to Buy Less of Another Good 


Term

Definition
A ratio of absolute changes in a function. The change in y over the change in x. 


Term
The distance across the xaxis from one point to another is what? 

Definition


Term

Definition
The distance across the yaxis from one point to another. 


Term
How are variables that are directly related graph? 

Definition
As a positively sloped function. 


Term
How do variables that are inversely related graph? 

Definition
As a negatively sloped function. 


Term
If change in y and change in x are both positive or both negative then the slope is what? 

Definition


Term
If the change in y and the change in x are one positive and one negative then the slope is what? 

Definition


Term
Can a function represent multiple relationships? 

Definition


Term
If there is no slope then what is the relationship? 

Definition


Term
If there is no change in y then there is no what? 

Definition


Term
What type of slope does a curve have? 

Definition


Term

Definition
The infinite number of lines that intersect at a point with the curve that has its own slope which can be used to determine the relationship of the point of a curve. 


Term
No relationship can indicate what of a curve? 

Definition
Its maximum and/or minimum 

