Introductory Microeconomics EC101 DD/EE: Fall 2020

Under Construction
Under Construction
I am now beginning to update this website for the Fall 2020, but some of the pages still refer to Fall 2019.  During the next several months the entire website will be updated as necessary.  In the meantime, I encourage enrolled students to explore the website as it is now.  I do not use blackboard.
Because of the Covid-19 pandemic, Boston University is tentatively planning to offer hybrid classes the fall (BU’s Learn from Anywhere), with some students attending courses in the classroom while others attend online.  These plans may change as the prevalence of the Covid-19 pandemic changes, and changes will be reported here. It is possible that EC101 DD and EC101 EE lectures will be offered entirely online.
There are three assigned textbooks for this course. They are free and available online, so there is no need to buy textbooks.  Please do NOT buy or pay for any course materials at this time. The first EC101 DD/EE lecture will take place on Thursday Sept 3.
Please read the announcements posted on the right of this screen.
Check the Course Schedule frequently for required and recommended readings.

Lectures, Fall 2020
EC101 DD  Tuesday and Thursday, 11:00 – 12:15, in STO B50
EC101 EE   Tuesday and Thursday,  2:00 –   3:15, in LAW Aud

Instructor: Michael Manove

Office: 270 Bay State Road, Rm 556
Office Hours: T 5:15 – 6:15, F 10 – 12
Email: manove@bu.edu [Be sure to include EC101 in the subject line.]

Microeconomic Analysis is the study of how societies control and organize the production and distribution of goods and services. In this course, I and the teaching fellow team will attempt to explain how consumers, firms, and workers interact, why they behave in particular ways, and what the outcome of that behavior might be. We will not teach you how to run a business or play the stock market: those subjects fall into the domain of business and management courses.

Economists try to understand how and why the economy works. There is much that we already know, but there is also a great deal that we still don’t understand. With only a few exceptions, economists failed to foresee the possibility of the financial and economic crisis that struck in 2008 (I certainly didn’t), and the profession lost a lot of its credibility as a result. But at this time there is a lot of research focused on understanding what caused the crisis, big data, markets with poor information and healthcare markets . These vital issues make economics an exciting subject, both to teach and to study. We hope we can share that excitement with you. But please don’t expect us to give you clear-cut answers to the important economic questions of our time; we do not have them to give.

For me, teaching EC101 is a great challenge. The physicist Richard Feynman told professors, “If you can’t explain something to a first-year student, then you haven’t really understood it.” He was right!

Caution: Beware of Turkeys