This additional sophistication is useful in understanding more fully the underlying mathematical meaning of the graphical models, and allows us to bring real world issues into our analysis in a more sophisticated way. I also hope to use various applied examples to introduce you to the various fields of applied economics, such as public finance, environmental economics, international trade, labor economics, industrial economics, etc. This course will be evaluated primarily on the basis of examinations and regular homework assignments. There will be three hourly examinations given on October 1, October 29, November 17, plus a final examination during the scheduled final exam period. The hourly exams will be worth a maximum of 100 points while the final will be worth 100 to 135 points.
Homework is a very large component of the course.
There will be between 15 and 20 homework assignments during the semester, which generally will be individually graded. We may also experiment with in-class and out of class brain teasers which may be done in pairs. Homework cannot be assigned a precise total point value at this time but, cumulatively, homework will be worth at least 100 points and probably more. Frank, Ch. 2. Mansfield, Microeconomics , pp.