Economics
101 - Survey of Economics
Fall
2007
COURSE
INFORMATION
INSTRUCTOR: Dr. Sayeed Payesteh OFFICE: C-211
http://www.fdl.uwc.edu/faculty/spayeste/ PHONE:
929‑3655
e-mail: spayeste@uwc.edu
OFFICE HOURS: MW
CLASS
TIMES: TR
TEXTBOOK: To better fit the course content, and
also the reduce the cost of textbook for
students, I have created a Primis customized ebook for this
course. The screen-shot instructions for
the students to access
the McGraw-Hill e-bookstore and my custom text (Gull:
Issues in Economics Today,
2008) will
be provided in class.
OBJECTIVES:
The primary purpose of this
course is to develop a basic understanding of the ma
are competitive and
non-competitive markets, minimum wage and unemployment, government regulation,
business cycle, gross product determination, the U.S. financial systems and the
role of Federal Reserve in
controlling inflation, and global trade.
Proficiencies:
A UW
Colleges-wide assessment program has been put into place to enhance the quality
and effectiveness of the curriculum, programs and services of the
institution. The following areas of proficiency will be assessed because
they are of primary importance in the education of our students:
Analytical Skills, Quantitative Skills, Communication Skills, and the Aesthetic
Engagement. The Business and Economics Department has also determined a
number of core proficiencies for students enrolled in its classes. For
more information, go to http://www.uwc.edu/resources/assess/.
Class Participation
Participation in class
is an important part of your learning experience. Regular attendance is expected along with
active class participation. Reading the
assigned material before class and completing assigned homework on time will
help you to get the most out of your experience in this class.
Class Conduct
Please turn off cell phones
and any audible device during class. Also note that private conversation during
class is distracting to both the instructor and the other students. Likewise,
walking in late and leaving before the class has ended impede the learning of
all students. If you know that you will
need to leave class early please sit near the exit
ASSIGNMENTS:
Assignments include reading the
text, completing the assigned problem sets, and the Internet Assignments. The Internet
Assignments provide students with the opportunity to use the World Wide Web as
a research tool to perform economic analysis.
These assignments allow the students to learn by taking advantage of new
technology and to experience the link between the real world and economic
theory.
Exams:
The course grade will be based
on a presentation and 4 exams
on the dates shown below. All exams are closed book and closed note. You will
be allowed to use half of a page of
notes containing definitions and/or formulas only. Document containing solutions to problems (examples, homework, etc.)
are not allowed.
As a general policy, there are
no make-up exams. Anyone missing an exam will receive a zero score.
Make-up
exam may be considered on exceptional basis only for the following reasons:
a.
Participation in an authorized University activity.
b.
Confinement due to illness, under a doctor’s care.
c.
Death in the immediate family.
d.
Participation in legal proceedings that requires your presence.
Documentation is required
(e.g., letter from a university official, a doctor, lawyer, or funeral
director). This policy will be strictly enforced.
Presentations:
Groups of two will orally present recent topics, (topics
must be approved by me) analyzed with economic methods. Presentation length is
15 minutes. Additional details will be given in class.
Grading
|
Presentation |
20% |
|
The course grading scale is roughly as follows. |
|
|
Exams(4@20% each) |
80% |
|
Above 90% |
A-, A |
|
|
|
|
77-89% |
B-, B, B+ |
|
|
|
|
65-76% |
C-, C, C+ |
|
|
|
|
50-64% |
D-, D, D+ |
|
Total |
100% |
|
Below 50% |
F |
REQUIRED
I.
Basics Concepts:
Graphing: Yes You Can Do (Appendix 1 A) Sept. 4
Economics: The Study of Opportunity cost Sept. 6, 11
Supply & Demand Sept.
13, 18, 20
Review Sept
25
EXAM I Sept.
27
II.
Microeconomics:
The Concept of Elasticity Oct.
2, 4
Firm Production, Cost, and Revenue Oct. 19, 11
Perfect Competition, Monopoly Oct.
16, 18
EXAM II Oct.
23
III.
Macroeconomics:
Every Macroeconomics Word You Ever Heard Oct. 25, 30
Aggregate Demand & Aggregate Supply Nov.
6, 8
Fiscal Policy Nov.
13
Monetary Policy Nov.
15
EXAM III Nov.
20
THANKSGIVING RECESS Nov.
22-23
IV.
International Economics
Interest Rate and Present Value Nov. 27, 29
International Trade (Chapter 13 & Handout) Dec. 4, 6
International Finance (Handout) Dec. 11, 13
Final Exam: Will
be announced in class