Term
| What is the instructor's name? |
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Definition
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Term
| Where is the instructor's office? |
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Definition
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Term
| What are the three parts of Microeconomics 143? |
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Definition
Introduction to Markets and the Consumer
Theory of the Firm
Additional Topics |
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Term
| How many quizzes are in the class? |
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Definition
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Term
| Are there make-ups for quizzes? |
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Definition
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Term
| How many tests are there? |
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Definition
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Term
| When should you ask questions you have about your notes? |
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Definition
| At the beginning of class |
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Term
| How much are quizzes and homework sets worth? |
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Definition
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Term
| How much are tests worth? |
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Definition
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Term
| If you miss class when a homework set is given what do you score on the homework set? |
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Definition
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Term
| How many homework sets are there? |
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Definition
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Term
| How many points is the final test worth? |
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Definition
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Term
| What does Part One of Tests Consist of? |
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Definition
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Term
| What does Part Two of Tests consist of? |
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Definition
| Critical thinking and analysis of concepts. |
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Term
| When is a homework set due? |
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Definition
| One week after it is assigned |
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Term
| Can you keep track of class progress online using canvas? |
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Definition
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Term
| Can you reschedule an exam? |
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Definition
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Term
| If you are interested in supplement knowledge relevant to the class, where can you find it online? |
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Definition
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Term
| What is the instructor's email? |
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Definition
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Term
| Are the tests comprehensive? |
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Definition
| The first two, not so much, the third one, yes. |
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Term
| What does today's introduction cover? |
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Definition
| Graphics, Mathematics, and Thinking |
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Term
| What does Economics Involve? |
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Definition
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Term
| How do economic variables seem to appear? |
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Definition
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Term
| What are economic thinkers interested in? |
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Definition
| The relationships between economic variables |
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Term
| What do economic thinkers use to help understand the relationship between variables? |
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Definition
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Term
| What are the three analytical tools of economics? |
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Definition
| Language, Graphics, Mathematics |
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Term
| Variables in a sample can have three possible relationships? |
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Definition
| Direct relationship, Inverse relationship, or no relationship. |
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Term
| What are direct variables? |
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Definition
| Variables that move in the same direction |
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Term
| What are examples of variables with direct relationships? |
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Definition
Consumption and Disposable Income
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Price and Quantity of Supply
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Labor Input and Production Output
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Total Cost of Production and Production Costs |
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Term
| What does y equal when referring to a direct relationship, indirect relationship, and no relationship between variables? |
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Definition
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Term
| What is an inverse relationship between variables? |
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Definition
| When variables move in opposite directions |
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Term
| What are examples of inverse variable relationships? |
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Definition
Price and Quantity Demanded
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Interest Rate and Quantity of Capital Demanded
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Decision to Buy More of One Good and Decision to Buy Less of Another Good |
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Term
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Definition
| A ratio of absolute changes in a function. The change in y over the change in x. |
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Term
| The distance across the x-axis from one point to another is what? |
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Definition
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Term
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Definition
| The distance across the y-axis from one point to another. |
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Term
| How are variables that are directly related graph? |
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Definition
| As a positively sloped function. |
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Term
| How do variables that are inversely related graph? |
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Definition
| As a negatively sloped function. |
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Term
| If change in y and change in x are both positive or both negative then the slope is what? |
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Definition
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Term
| If the change in y and the change in x are one positive and one negative then the slope is what? |
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Definition
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Term
| Can a function represent multiple relationships? |
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Definition
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Term
| If there is no slope then what is the relationship? |
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Definition
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Term
| If there is no change in y then there is no what? |
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Definition
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Term
| What type of slope does a curve have? |
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Definition
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Term
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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. |
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Term
| No relationship can indicate what of a curve? |
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Definition
| Its maximum and/or minimum |
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