Course Introduction to Economics

Course Introduction and Structure

  • The session starts with a quick overview of what you need to know, plus a preview of where things are on campus. The instructor plans to cover core requirements for success in the class and some general logistics.

  • Emphasis on practical guidance rather than theoretical digressions during this intro.

Lectures vs Office Hours

  • The instructor explicitly states: do not lecture at office hours; lectures are given during class time.

  • Rationale: lectures during class are seen as the most efficient method because the instructor can’t physically fit 300 students into an office, and it would be unfair to arrange a single lecture in an office.

  • Office hours are for specific, substantive questions, not broad lectures or existential questions.

Materials and Access

  • The class uses electronic access to the textbook through an open-access option (Red Shelf/open access).

  • You may already be charged for the book; it appears on your statement, so you should have access to the electronic version and the associated homework.

  • The open-access option is described as the cheapest option; the bookstore has a direct relationship with the publisher to secure this pricing.

  • If you opt out of the open-access/electronic route, you must still obtain access to the homework separately; the instructor cannot imagine a way to get the homework otherwise.

  • The electronic version is described as part of the course’s open-access participation; the electronic book comes with the homework assignment bundle.

Open Access, Bookstore Relationship, and Cost

  • The “open access” arrangement is positioned as more affordable; the bookstore coordinates with the publisher to offer the cheapest option.

  • The description emphasizes that all course information and materials you need are accessible here, with the electronic version linked through Red Shelf/open access.

Syllabus Alignment and Policy

  • The grading policy and all major rules are aligned with the official syllabus; there is no deviation, no step-by-step exceptions, and no extra credit opportunities.

  • The instructor states: there is no concept of extra credit or additional loopholes.

  • The rationale given for strictness is fairness given the large class size (approximately 300 students).

Class Size and Policy on Exceptions

  • The class size is stated as 300 students.

  • The instructor asks, rhetorically, how many people will be unhappy and how many exceptions will have to be made, then asserts: there are no exceptions.

  • A counterpoint is raised about having to make exceptions, but the concluding stance is that there are no exceptions, emphasizing fairness and consistency.

Encouragement and Attitude

  • The instructor emphasizes a growth mindset: "5% talent, 95% work" with the suggestion that dedication and effort are the key predictors of success.

  • The takeaway: if you work, you’ll pass; natural genius is not required.

  • This stance underlines the importance of sustained effort over time.

Assessments and Quizzes

  • There will be 5 in-class quizzes, each lasting 20 minutes: 5 quizzes, each of length 20 minutes.

  • There is no final exam scheduled for this course.

  • Finals week may still show up on PeopleSoft; the registrar schedules finals regardless of the course’s own status.

  • The registrar’s scheduling process is implied to be outside the instructor’s control.

  • The grading structure is described as heavily weighted, consistent with the syllabus.

Grading Policy and Score Drops

  • Grading is designed to be transparent and predictable, with the final grade calculated based on the items listed in the syllabus.

  • There is an automatic score drop: the instructor will drop one lower score for everyone if someone has a bad day.

  • This drop provides a buffer against a single poor performance affecting everyone’s overall grade.

  • There are many “drops” across all assignments to accommodate real-life events and contingencies; the policy includes multiple opportunities to recover from setbacks.

  • By the end of the term, students can create a personal spreadsheet to compute their grade, as grading will be computed exactly as described in the course materials.

In-Class Participation: Top Hat Questions

  • In-class Top Hat questions will be used for engagement and assessment.

  • These questions are only available in class, so attendance/timing matters for performance.

  • The instructor mentions that there will be a large number of Top Hat questions and implies some form of scoring manipulation or dropping related to these questions, though the exact mechanism is not fully detailed in the transcript.

  • There is a note about potential questions regarding why certain cutoffs or thresholds exist, indicating some nuance in how Top Hat scores contribute to final grades.

  • A key point: Top Hat questions are tied to in-class presence and participation rather than traditional attendance tracking.

Grade Tracking and Transparency

  • The instructor encourages students to track their own progress with a personal worksheet to anticipate the final grade.

  • The grading system is described as transparent and predictable, so students can audit their standing at any time.

Campus Orientation

  • The teacher mentions a plan to show students where things are on campus and how to navigate the environment during the course.

  • This portion reinforces practical navigation and campus integration as part of the course experience.

Modules and Transcript Status

  • The transcript ends with a heading: "Modules. This is where a lot of stuff" but the content under this heading is not included in the provided transcript.

  • This indicates that there are likely module-based topics to be covered, but the details were not captured in the excerpt.

Practical takeaways

  • Expect a lecture-heavy format during class time; office hours are not used for full lectures.

  • Use the open-access textbook or Red Shelf link to access the homework and materials; opt out only if you are prepared to source homework independently.

  • Prepare for five in-class quizzes (each ~20 minutes); no formal final exam, with finals scheduling managed by the registrar.

  • Leverage the auto-drop mechanism (one score dropped) and the broad set of “drops” to mitigate occasional poor performance.

  • Track your grade with a personal calculator/spreadsheet to stay informed about your progress.

  • Be present for Top Hat questions to maximize participation-based scoring; understand that attendance has a direct link to those scores.

  • Expect strict adherence to the syllabus with minimal allowances for exceptions; work consistently to succeed.

Quick references (LaTeX-formatted numbers and terms)

  • Class size: 300 students

  • Quizzes: 5 quizzes

  • Quiz duration: 20 minutes each

  • Talent vs. work: 5\% talent, 95\% work

  • Final exam: 0 (none); finals scheduling via PeopleSoft and registrar

  • Open access pricing: described as the cheapest option through the bookstore’s publisher relationship

  • Drops: one automatic drop per student; multiple “drops” across assignments to accommodate life events

Notes on transcript completeness

  • The transcript cuts off mid-sentence at "Modules"; further details would be needed to flesh out the remaining content in that section.