ECON 101H: Introduction to Economics

Spring 2026 - Honors Section

Instructor: Sérgio O. Parreiras

Email: sergiop@unc.edu (use Canvas Inbox)

Office: Gardner Hall, Room 200B

Class Time: TuTh 9:30 AM - 10:45 AM

Location: Gardner Hall, Room 209

Office Hours: Mon, Wed, Fri 10:00 AM - 11:00 AM via Zoom (by Canvas appointment only)

Canvas: https://uncch.instructure.com/courses/104159

Course: ECON 101H - Introduction to Economics (4 Credits)

Term: Spring 2026

Grading Status: Letter grade

Course Description

Introduction to Economics (Economics 101H) is the Honors section of the introductory course in Economics for undergraduates. The Honors section covers the same material as the large enrollment version but does so in more depth. This is an introductory course in both microeconomics and macroeconomics. In this one-semester course students are introduced to fundamental issues in economics including competition, scarcity, opportunity cost, resource allocation, unemployment, inflation, and the determination of prices. This course is the gateway course for the major of Economics; if you wish to major in Economics, you must have at least a C in this course.

Course Objectives

The purpose of this course is to give you a basic understanding of core economic principles. By the end of the course, you should be able to:

  • Understand and comfortably use the language of economics, e.g. comprehend economics articles.
  • Analyze issues while thinking like an economist, e.g., in terms of marginal costs and benefits, etc.
  • Apply economic methods to analyze real world situations, e.g., to predict or evaluate the effects of government policies.
  • Apply your knowledge of decision-making and economic interactions to evaluate normative statements.
Gen Ed Requirements

ECON 101 meets the requirement for FC-KNOWING under the IDEAs in Action Gen Ed.

Learning Objectives for FC-KNOWING
  1. Recognize and use one or more approach(es) to developing and validating knowledge of the unfamiliar world.
  2. Evaluate ways that temporal, spatial, scientific, and philosophical categories structure knowledge.
  3. Interrogate assumptions that underlie our own perceptions of the world.
  4. Employ strategies to mitigate or adjust for preconceptions and biases.
  5. Apply critical insights to understand patterns of experience and belief.

The Canvas website https://uncch.instructure.com/courses/104159 is our primary means of communication. ALL assignments and resources shall be posted on Canvas.

For office hours (OHs): Click on "Calendar" on Canvas and then click on "Find Appointment" (below the calendar table). To participate in OH meetings, you must login to unc.zoom.us using the SSO option (see meeting ID on Canvas > Pages).

Do not hesitate to email me to schedule meetings outside regular OH if your schedule conflicts with the regular OHs.

Important: DO NOT use Outlook emails. The fastest way to reach me is through Canvas > Inbox > Compose.

1. Achieve Learning Platform

Achieve contains multiple learning resources and the e-book of the course textbook. You can purchase an access card to Achieve from the UNC bookstore or the publisher's website. This option includes access to an e-book version of the course textbook (Modern Principles of Economics, 6th edition, by Cowen and Tabarrok).

You will access the Achieve platform (through Canvas) in order to submit homework. If you fail to link your Achieve account to our Canvas course page, you will not be able to submit your homework and you will receive a zero for these assignments.

2. ZOOM

Download the ZOOM application from https://zoom.us/download. To use it, login at https://unc.zoom.us/ using your UNC onyen.

3. Respondus Lockdown Browser

Download the browser from https://oasis.unc.edu/service/respondus-lockdown-browser/. This browser is required for all exams and quizzes.

Make sure to use the test page provided in the link prior to using it for the first time.

Course Grade Weights
  • Midterms: 50%
  • Final Exam: 25%
  • Achieve Exercises: 20%
  • Active Participation: 5%
  • Extra Credit Opportunities: 1%
Important Dates
  • Midterm 1: February 17, 2026
  • Midterm 2: March 31, 2026
  • Final Exam: May 7, 2026 at 8:00 AM (notice that the time differs from class time! the location is the same)

Midterms are not cumulative. The final examination is cumulative but with an emphasis on material covered after Midterm 2.

Grading Scale
Letter Grade Minimum Score Letter Grade Minimum Score
A 95 C+ 77
A- 90 C 73
B+ 87 C- 70
B 83 D+ 67
B- 80 D 63

Note on Exam Grading: Exam grades are converted into scores ("curved") according to the formula: original grade plus 100 minus the maximum between the top class grade and 50. Assignments or problem sets are not "curved".

During this course, we may employ additional material from podcasts, videos, or literature to discuss economics related issues. Sometimes, you may find the political/religious views, or the profanity contained in the additional material offensive or objectionable, and you may feel uncomfortable. I will not endorse or advocate any particular political views but as part of your university education, it is important you engage in critical thinking while respecting different opinions expressed by your classmates.

Our classroom is an inclusive environment. Your participation is critical for the success of this course. You are expected to attend class, read the assigned readings and be prepared to discuss them in the classroom.

Achieve Exercises

Achieve exercises should be accessed on Canvas > Assignments or Canvas > Modules. Prior to a class, pre-reading exercises will be assigned. After every class, learning-curve exercises are assigned. Also, end of chapter exercises, homework, and practice exercises of the previous week chapter(s) are assigned later. Some (but not all) of these exercises may not be graded or may count as extra credit.

Achieve exercises take very little time but quickly accumulate. Unless in the case of UAA (see Policies section) or exceptions announced in class, assignments past the due date will not be accepted. I strongly suggest you try to do all these exercises as they count towards a substantial part of your grade.

Time Management

If you are pressed on time, do not try to find an ideal environment to do your assignments. Try to do them whenever you can, e.g. using your smartphone during lunch break, in between classes, or before going to bed.

Personal Hardship

If you are going through personal hardships that may interfere with your academic performance, please contact me as soon as possible. I am here to help you succeed in this course but we may run out of options if we act too late.

Syllabus Changes

I reserve the right to make changes to the syllabus including project due dates and test dates. These changes will be announced as early as possible.

Honor Code

All students are expected to follow the guidelines of the UNC honor code. In particular, students are expected to refrain from "lying, cheating, or stealing" in the academic context. If you are unsure about which actions violate the honor code, please see me or consult https://catalog.unc.edu/policies-procedures/honor-code/.

Artificial Intelligence (AI) Use Policy

Carolina students are expected to follow these general AI guidelines:

General AI Guidelines
  1. AI should help you think, not think for you. You may be able to use these tools to brainstorm ideas, research topics, and analyze problems, but you must decide what's appropriate and accurate.
  2. Engage responsibly with AI. You must evaluate AI-generated outputs for potential biases, limitations, inaccuracies, false output, and ethical implications. Do not put personal or confidential data into these tools.
  3. The use of AI must be open and documented. You should declare, explain, and cite any use of AI in the creation of your work using applicable standards (e.g., APA, MLA, course guidelines). Understand that you are ultimately 100% responsible for your final product.
  4. Follow specific AI guidelines in this syllabus. If you are unsure, check with me. Guidance offered in this syllabus would be referenced should an issue be referred to Student Conduct for alleged academic misconduct.
ECON 101H Additional AI Guidelines
  • Exams and Quizzes: AI tools are NOT permitted during any exams or quizzes. Using AI during these assessments violates the Honor Code.
  • Non-Achieve Homework: You may use AI tools to help understand concepts or check your work. However, you must cite any AI use and include the prompt you used. A prompt is the question or instruction you typed into the AI tool (e.g., "Explain opportunity cost in simple terms" or "Help me understand this graph"). Include both your prompt and a brief note about how the AI helped you.
  • Achieve Exercises: AI tools can be helpful when you receive feedback that your answer is incorrect. You may use AI to understand why your answer was wrong and learn the correct approach. However, you should first attempt all exercises on your own.
Exams and Grades

Any final-exam rescheduling request, for those with more than three final exams within a 24-hour period, must be received no later than our first midterm.

Exam grades are converted into scores ("curved") according to the formula: original grade plus 100 minus the maximum between the top class grade and 50. Assignments or problem sets are not "curved". The final course grade is computed according to the grading scale shown in the Grading section.

Attendance Policy
University Approved Absences (UAA)

No right or privilege exists that permits a student to be absent from any class meetings, except for these University Approved Absences:

  1. Authorized University activities
  2. Disability/religious observance/pregnancy, as required by law and approved by Accessibility Resources and Service and/or the Equal Opportunity and Compliance Office
  3. Significant health condition and/or personal/family emergency as approved by the Office of the Dean of Students, Gender Violence Service Coordinators, and/or the Equal Opportunity and Compliance Office

Important: Eight non-UAA absences without any consultation with the instructor may result in a grade F in the course. Ten total non-UAA absences in a semester may result in a grade F regardless of the reasons you missed class.

In all instances, either UAA or non-UAA, you MUST notify the instructor prior to missing class. If a student misses a class, it is the student's responsibility to find out what was covered in the class and whether changes have been made on the schedule, and if there was any assignment given.

Attendance and participation are recorded in every class and posted to Canvas > Assignments > Participation on a weekly basis.

Accommodations

The University Compliance Office (UCO) Accommodations Team (Accommodations) receives requests for accommodations for disability, pregnancy and related conditions, and sincerely held religious beliefs and practices through the University's Policy on Accommodations. It determines eligibility and reasonable accommodations consistent with state and federal laws.

If you are eligible to take exams with accommodations, please schedule your exam using their hub at https://ars.unc.edu/, and notify me as soon as possible.

Counseling and Psychological Services

UNC-Chapel Hill is strongly committed to addressing the mental health needs of a diverse student body. The Heels Care Network website is a place to access the many mental resources at Carolina. CAPS is the primary mental health provider for students, offering timely access to consultation and connection to clinically appropriate services.

Go to their website https://caps.unc.edu/ or visit their facilities on the third floor of the Campus Health building for an initial evaluation to learn more. Students can also call CAPS 24/7 at 919-966-3658 for immediate assistance.

Title IX Resources

Any student who is impacted by discrimination, harassment, interpersonal (relationship) violence, sexual violence, sexual exploitation, or stalking is encouraged to seek resources on campus or in the community. Reports can be made online to the EOC at https://compliance.unc.edu/reporting/incident/.

Please contact the University's Title IX Coordinator (Elizabeth Hall, titleixcoordinator@unc.edu), Report and Response Coordinators in the Equal Opportunity and Compliance Office (reportandresponse@unc.edu), Counseling and Psychological Services (confidential), or the Gender Violence Services Coordinators (gvsc@unc.edu; confidential) to discuss your specific needs. Additional resources are available at safe.unc.edu.

Policy on Non-Discrimination

The University is committed to providing an inclusive and welcoming environment for all members of our community and to ensuring that educational and employment decisions are based on individuals' abilities and qualifications. UNC offers access to its educational programs and activities as well as employment terms and conditions without respect to race, color, gender, national origin, age, religion, genetic information, disability, veteran's status, sexual orientation, gender identity or gender expression. Such a policy ensures that only relevant factors are considered and that equitable and consistent standards of conduct and performance are applied.

If you are experiencing harassment or discrimination, you can seek assistance and file a report through the Report and Response Coordinators (see contact info at safe.unc.edu) or the Equal Opportunity and Compliance Office, or online to the EOC at https://compliance.unc.edu/reporting/incident/.

Grade Appeal Process

If you feel you have been awarded an incorrect grade, please discuss with me. If we cannot resolve the issue, you may talk to our departmental director of undergraduate studies or appeal the grade through a formal university process based on arithmetic/clerical error, arbitrariness, discrimination, harassment, or personal malice. To learn more, go to the Academic Advising Program website.

This schedule is tentative and may be subject to change. Changes will be announced in class and on Canvas.

Week Coverage Tuesday Thursday
1 Chapter 1 1/8: Syllabus and The Economic Way of Thinking
2 Chapters 1 & 2 1/13: The Economic Way of Thinking and Comparative Advantage 1/15: Comparative Advantage and Trade
3 Chapters 3 & 4 1/20: Supply and Demand 1/22: Market Equilibrium
4 Chapters 5 & 11 1/27: Elasticities 1/29: Cost Functions
5 Chapters 12 & 6 2/3: Perfect Competition 2/5: Taxes and Subsidies
6 Chapters 8 & 13 2/10: Price Controls 2/12: Monopoly
7 2/17: Midterm 1 2/19: Macroeconomics: GDP
8 Chapters 26 & 27 2/24: Wealth of Nations 2/26: Why Nations Fail?
9 Chapter 28 3/3: Growth 3/5: Savings and Investment
10 Chapters 29 & 30 3/10: Unemployment 3/12: Inflation and the Quantity Theory of Money
11 3/17: Spring Break 3/19: Spring Break
12 Chapters 31 & 32 3/24: Aggregate Demand and Aggregate Supply 3/26: The FED and Open Market Operations
13 Chapter 34 3/31: Midterm 2 4/2: Well-Being Day
14 Chapter 35 4/7: Monetary Policy 4/9: Historical Crisis
15 Chapter 36 4/14: Taxes and Spending 4/16: Fiscal Policy
16 Chapters 37 & 10 4/21: Externalities 4/23: Public Goods
Finals 5/7 at 8:00 AM: Final Exam