This document appears to be a syllabus for an introductory microeconomics course. It includes the course name and professor contact information. The syllabus outlines the time commitment expected for class and homework. It previews key microeconomics concepts that will be covered like scarcity, choices, incentives, tradeoffs and economic models. Sample exam questions are provided to assess understanding of these core microeconomic principles.

1. ECO 101
Microeconomics

2. Gale L. Pooley, Ph.D.,
MAI, MRICS, CCIM, SRA
gpooley@alfaisal.edu

17. How did this happen?

18. Prince Alwaleed bin Talal al Saud
Bill Gates

19. Scarcity
Choices

20. Make Better
Choices

23. Time Commitment
!
Class
3 Hours
Homework
6 Hours
Total
9 Hours

24. afecon101.blogspot.com

25. Think
like an
Economist

26. Words
Numbers
Illustrations

27. Economist’s
Dictionary

28. Who should
make your
choices?

29. What
do you
want to be?

30. Get the most
out of life

31. Rational
Incentives
Margin

33. Optimize
Tradeoffs

35. Where was this
t-shirt made?

40. Tradeoffs
Mileage Safety
A 2001 National Academy of Sciences study estimated that the traffic
death toll attributable to past downsizing was approximately 2,000 lives
per year.

41. Economic Models
Simplified Version of
Reality
Value in Prediction

42. Incentives Matter
Change Incentives
Change Behavior

43. Incentives are
more important
than goals

44. Consequences
matter more than
intentions

45. Unintended
Consequences

46. Macro Micro

47. 101 Quiz 1 Name__________ Fill in blanks
!
1. Economics is the study of _______________
!
2. We live in a world of ______ wants and ______resources
3. Economics assumes three things about people:
_____________, ________________, ______________
!
4. Consequences are more important than __________.
!
5. If you know a person’s incentives, you can predict his or her
___________.
!
6. Where is the iPhone made? ______________
!

48. 101 Quiz 1 Name__________ Fill in blanks
!
1. Economics is the study of _______________
Choices
!
2. We live in a world of ______ unlimited wants and ______limited
resources
3. Economics assumes three things about people:
_____________, Rational ________________, Incentives ______________
Margin
!
4. Consequences are more important than __________.
Intentions
!
5. If you know a person’s incentives, you can predict his or her
___________.
Behavior
!
6. Where is the iPhone made? ______________
Everywhere
!