ECON 221 & 222: Operating framework

Read this chapter carefully for a smooth conduct of the course and better learning.

Essence of ’this’ Lecture Notes

You’ll be sticking to this set of lecture notes that was prepared to ’guide’ you through ECON 221 & ECON 222. However, these notes may not result in the best possible outcomes in the absence of regular class attendance.

Numerical or conceptual exercises are given in these lecture notes for you to practice. To the extent possible, exercises appear after the topics they belong to. Exercises provided in here establish an almost complete yet a minimal body of practice opportunities.

The following textbooks may also be useful:

0Checkpoint
No: 1

Various course activities

Lecture hours are intended to deliver the theoretical knowledge as well as problem solving skills. So, you’ll be learning the subject matter in the lectures.

In the Recitation hours, you’ll be practicing your knowledge of the probability theory and statistics, often on a computer. My choice in these courses is to use Microsoft Excel, a general-purpose spreadsheet solution software, and R, an open source and worldwide consortium for statistical computing. While the former makes you to design/solve things from scratch, the latter allows you to enjoy a dedicated statistical software doing things for you.

Attendance to lecture hours will be audited at eight random times throughout the semester, in a manner to contribute as a bonus to midterm and final exam grades.

0Checkpoint
No: 2

Assessments and grading

∙  There is 1 Midterm with a weight of 40%; 1 Final with a weight of
   40%; 10 Recitations with a combined weight of 7.5% and 5 Home -
   works with a combined weight of 12.5%. Both the Midterm and
   Final exams comprise of written/classical questions. No multiple
   choices and no computer work are to be included.

∙  Letter grades are assigned by the end of the semester considering
   the difficulty level of assessments, statistical distribution of the
In cala nsust psehreflolrmance and the particular student’s individual perfor-

   mance in comparison to the first two.
∙  Typically, the average-performed student receives a grade around

   C; a student with a minimum semester total of 20 out of 100 is
   likely to receive a D.

∙  To receive a passing letter grade, taking the final is mandatory.
∙  Student’s total earnings in the midterm exam and recitations must

   be at least 17 to be eligible for taking the final exam.

Backward and forward linkages of ECON 221 & ECON 222

0 Checkpoint
No: 3

Office Hours

A good way to keep track of the things is to utilize your instructor’s office hours. The catch here is that office hours are for those regularly studying and & lecture-attending students. That is, a student with a full set of lecture notes & a small question in mind is very much welcome; however, a student that haven’t attended the lectures & huge knowledge gaps in mind is not (as lecturing is to be done in lecture hours).

Communications


All runtime communications will be carried out in class gatherings (lectures), so regular attendance would be a plus to be timely informed. Course content and occasional announcements will be given through https://sites.google.com/view/erayyucel/teaching

Official communications about ECON 221 & ECON 222, especially the exam information, will be carried out via AIRS e-mails sent to your Bilkent-registered e-mail addresses.

Any student that want to ask a question, academic or administrative, is welcome to attend the lecture hours or office hours. Emailing is the last resort.

Logistics

Don’t worry about the logistics of anything. Sufficiently before any activity, you’ll be either notified in class by me and/or by me/your TA via e-mail. Checking your Bilkent-registered e-mail’s Inbox would be more than enough. Just make sure that our notifications not to accidentally end up in your e-mail’s Spam folder.

You’ll learn about the nature of the recitation sessions in the first one of them. This is essentially like on-the-job training.

Homeworks require computer work as well as reporting findings in writing. Each homework will arrive with a full description as well as guidance.

Conduct with TAs and Exam proctors

Regarding the conduct with TAs, students are to make sure they’ve maintained the same standards as they do with the Instructor. Disrespect to my TAs is neither expected, nor accepted & may be subject to official disciplinary investigation. The same standards with course TAs do also apply to exam proctoring Graduate Assistants.

0Checkpoint
No: 4

0 Checkpoint
No: 5

         To avoid confusions, keep the ‘Do nots’ in mind:

∙  Basic arithmetics, basic calculus including derivatives and inte-
   grals of first order (MATH  105 and MATH 106) are assumed to be
   known by students. Do not expect further/repeated instruction of
   these.

∙  ECON  221 and ECON 222 have been designed to provide a well-
   balanced mixture of theoretical perspective and applied skills in
   the context of Economics and Business Administration. Some ver-

   bal and sometimes lengthy discussions are indispensable. Do not
   expect the class time to be limited to dry mathematical content.

∙  Lab work (Recitations) and Homework assignments require the
   use of Microsoft Excel and R. The courses maynot cover these soft-
In waa nruet isnhedleltail and give the essentials only. Adopting and using
   software are up to the students. Do not expect a high school-like
   ’instruction of everything’.

∙  Exam questions may and should exceed in-class or lecture notes
   materials in difficulty as we live in a university environment. Do
   not expect a straightforward repetition of ’in -class or lecture notes

   questions’ in exams.
∙  Manners are important, maybe not for academic performance but

   definitely for a properly professional conduct. Putting hands in
   ones pocket, chewing gums, inappropriate body postures and un-
   controlled mimics are simply considered disrespectful after an age
   of 18. Do not expect much goodness against these listed behaviors.

∙  To me, students’ rights follow their duties. Do not confuse stu-
   dents’ rights, with a broader notion of rights.’

0Checkpoint
No: 6