The assignments will be uploaded on the Blackboard. There will be a midterm, a final exam, and four problem sets with one or two simulation assignment. Please mark your calendar:
Midterm: Week 8
Final Exam: Week 14
Problem Set #1: Week 4
Problem Set #2: Week 7
Problem Set #3: Week 10
Problem Set #4: Week 13
Two-or-three-Page Analysis Paper
#1: (Un)bounded Rationality
#2: Profit Maximization – Perfect Competition
The final grade will be determined by the following formula:
G= 0.30*M+0.325*P+0.10*S+0.375*F
where G is the course grade, M , P , S , and F are the scores on the Midterm, Problem Sets, Simulations, and Final Exam, respectively.
Class attendance and participation is crucial such that it will have unignorable remarks on the course grade G, which will be converted to letter grades at the instructors discretion at the end of the semester in the light of the grade scale below. So please do not ask questions like: What is the letter grade corresponding to x points in midterm, or in problem sets, or in the final exam?.
A = 93-100
A- = 90-92.9
B+ = 87-89.9
B = 83-86.9
B- = 80-82.9
C+ = 77-79.9
C = 70-76.9
D = 60-69.9
F = 59.9 and below
Late Assignment Policy
Late works handed in after the original due date are discounted 10 % per day late; however, every assignment has a hard deadline, 2 days past the due date.
And late submissions (penalty or not) are not accepted after the hard deadline. Only a truly exceptional situation is granted extension beyond the hard deadline.
Please feel free to question the legitimacy of this policy with me and others; however; please also keep in mind that the philosophy guiding this late policy has two goals: Discourage lateness and keep things fair. I want to provide incentives for you to balance your commitments to meet deadlines under equal conditions and circumstances with your colleagues.
