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Professor Eric M. Jamelske (Dr. J.) 471 Schneider Hall Office Hours TBA and by appointment

WELCOME to Economics 103 Fall 2014. Professor Eric M. Jamelske (Dr. J.) 471 Schneider Hall Office Hours TBA and by appointment 715-836-3254 jamelsem@uwec.edu 2151.econ.103.002 2151.econ.103.501. Index Card Front Name, first and last Major, minor Year in college

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Professor Eric M. Jamelske (Dr. J.) 471 Schneider Hall Office Hours TBA and by appointment

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  1. WELCOME to Economics 103Fall 2014 Professor Eric M. Jamelske (Dr. J.) 471 Schneider HallOffice Hours TBAand by appointment 715-836-3254 jamelsem@uwec.edu 2151.econ.103.002 2151.econ.103.501

  2. Index Card • Front • 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!

  3. The String Activity Let’s PLAY!

  4. The String Activity What’s the point?

  5. The String Activity Teamwork and Problem Solving… It’s a metaphor!

  6. Friendship Bracelets What’s the point?

  7. Friendship Bracelets We are all FRIENDS… Let’s work together!

  8. Call me Dr. J

  9. 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 aCONTRACT!

  10. The course syllabus is aCONTRACT! I hear, I forget I see, I remember I do, I understand Confucius We must all be prepared each day and work together toward reaching our goal… BECAUSE YOU CARE Do a little ECON every day!

  11. Meet the Tutors Jacob Raleigh Mitchell Fischer

  12. 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 trendsHobbies • Basketball, Music, Outdoors

  13. What is Economics?

  14. What is Economics? • Contrary to what you might believe….. • Economics IS NOT first and foremost about MONEY!

  15. Voluntary Transactions Increase Well-being • Money…is not economics • 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.

  16. No double coincidence of wants and desires Does anybody want some bread, or some soap or clothing, or an education…. how about some ECON?

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