professor eric m. jamelske (dr. j.) 471 schneider hall office hours tba and by appointment
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WELCOME to Economics 103 Fall 2014. Professor Eric M. Jamelske (Dr. J.) 471 Schneider Hall Office Hours TBA and by appointment 715-836-3254 [email protected] 2151.econ.103.002 2151.econ.103.501. Index Card Front Name, first and last Major, minor Year in college - PowerPoint PPT PresentationTRANSCRIPT
Professor Eric M. Jamelske (Dr. J.)
471 Schneider Hall
Office Hours TBAand by appointment
715-836-3254
2151.econ.103.002 2151.econ.103.501
WELCOME to Economics 103
Fall 2014
Index CardFront
• Name, first and last
• Major, minor
• Year in college
• Economics experience (do you have any?)
Back
• What do you hope to learn in this class?•One or two things of interest to you…•Issues you care about!
The String Activity
Let’s PLAY!
The String Activity
What’s the point?
The String Activity
Teamwork and Problem Solving…It’s a metaphor!
Friendship Bracelets
What’s the point?
Friendship Bracelets
We are all FRIENDS…Let’s work together!
Call me Dr. J
Economics 103 Introduction to the
Economic Way of Thinking
Speak a NEW language!Be Prepared….
Work Together….
Do a little ECON every day!
The course syllabus is a CONTRACT!
The course syllabus is a CONTRACT!
I hear, I forget
I see, I remember
I do, I understandConfucius
We must all be prepared each day and work together toward reaching our goal…
BECAUSE YOU CARE
Do a little ECON every day!
Meet the Tutors
Jacob Raleigh
Mitchell Fischer
What Economists Do…..
Teach• Microeconomics, Health Economics, Environmental
Economics
Research• Child/school nutrition, fruits & vegetables
• Health care issues, health care policy
• Climate change public opinion, climate change policy
• The first-year college experience
• Local economic trends
Hobbies• Basketball, Music, Outdoors
What is Economics?
What is Economics?
Contrary to what you might believe…..
Economics IS NOT first and foremost about MONEY!
Voluntary Transactions Increase Well-being
is a unit of account ($1, $2, $3…)
is a store of value (I can use it later)
is widely accepted for purchases
is a medium of exchange
is a common language
lowers transaction costs
increases the # of transactions
money has value because of what we can get with it.
Money…is not economics
Does anybody want some bread, or some soap or clothing,or an education….how about some ECON?
No double coincidence of wants and desires
