Economics 110  Section 1. CRN #589 -  HECO 132  - TuTh  8:30 AM – 9:45 AM

Principles of Economics

SUNY College at Oneonta

Mr. Beck

Spring  2008

Course Outline

Homepage

Review questions with answers and detailed solutions are an integral part of the course. These are located online at: http://employees.oneonta.edu/beckei  and can be accessed by clicking on the link below:
Economics 110 Review Questions

Individual student grades and class announcements are available by enrolling in this course in the Angel Learning Management Suite. To access the Angel website, go to:  http://angel.oneonta.edu

Text: Baumol & Blinder, Economics: Principles and Policy,  10th edition, Thomson/South-Western publishers
For students using the old 9th edition: go to:  E110S2008CourseOutline-sect1-9thEd.html

College Catalog Description: An introductory course dealing with resources, goals, and institutions of our economic system. Topics discussed include: scarcity and opportunity cost, laws of supply and demand, competition and monopoly, unemployment and inflation, elements of the theory of income and employment, government fiscal policy, money and banking, monetary policy, and international trade. Note: If ECON 110, 111, and 112 are taken, an additional 3 s.h. will be required to graduate.

Course Objectives: The course seeks to develop student understanding of the major forces which shape our economy. Both microeconomic factors, examining individual markets, and macroeconomic factors, examining domestic and international influences on the nation's overall level of economic activity, will be studied. A primary focus will be to foster an appreciation of the economic interaction among consumers, businesses, government, and the Federal Reserve Bank.
 
Tentative Date
Topic
Assignment
January 17 & 22
Introduction: What is Economics?
Chapter 1 (omit Appendix)
January 24
Scarcity and Choice
Chapter 3
January 29 & 31 & February 5
Supply and Demand in Microeconomics
Chapter 4 + pages 114 -117 of Chapter 6
February 7
Aggregate Supply & Demand in Macroeconomics
Pages 463 - 467 of Chapter 22
Tuesday, February 12
EXAM  I  8:00 AM - 9:45 AM
February 14
Money & Real Gross Domestic Product
Pages 468 - 481 of Chapter 22 + Pages 505 - 507
Vacation Week
February 26 & 28
Unemployment and Inflation
Pages 489 – 503 of Chapter 23
March 4 & 6
Consumer Spending and Aggregate Demand
Chapter 25 (omit Appendix)
March 11
Government Fiscal Policy
Pages 601 (bottom) – 606 of Chapter 28
Thursday, March 13
EXAM II  8:00 AM - 9:45 AM
March 18 & 20
Money and the Banking System
Chapter 29
Vacation Week
April 1 & 3
Federal Reserve Bank Monetary Policy
Pages 635 – 645 of Chapter 30
April 8 & 10 
International Trade, Comparative Advantage, & Exchange Rates
Chapter 34 (omit Appendix)
+ Pages 733-737 of Chapter 35
Tuesday, April 15
EXAM III  8:00 AM - 9:45 AM
April 17 & 22
Demand and Elasticity
Pages 103 – 112 of Chapter 6
April 24 & 29, May 1 & 6
Marginal Analysis & Profit Maximization
Chapter 8 (omit Appendix)
Tuesday, May 13
COMPREHENSIVE FINAL EXAM
(8:00 AM - 10:30 AM)

GRADING PROCEDURES

Exam 1 = 25%
Exam 2 = 25%
Exam 3 = 25%
Final Exam = 35%

The exam on which you receive your lowest grade will have its weight automatically reduced by 10% from the above values so that the total weights will sum to 100%.

Final Average of:

94.50 or above = "A" for course
89.50 - 94.49 = A-
86.50 - 89.49 = B+
82.50 - 86.49 = B
79.50 - 82.49 = B-
75.50 - 79.49 = C+
69.50 - 75.49 = C
65.50 - 69.49 = C-
62.50 - 65.49 = D+
57.50 - 62.49 = D
54.50 - 57.49 = D-
Below 54.50 = E

Notes: 1. Strong classroom participation or improvement in exam performance may result in a course grade higher than that indicated on the above grid.

            2. Enrollment in subsequent Economics and Business courses in which this class is a prerequisite, such as Marketing 261, requires a grade of C or better in this class.

            3. College withdrawal deadline is 3/21/08. All students enrolled in the course after 3/21/08 must be assigned a grade.

Attendance is expected but is not taken on a daily basis.

Appropriately documented college-approved reasons for missing exams will be honored. In such cases, a make-up exam will be given. The student must notify the instructor as soon as possible to arrange to take the make-up exam.

Office: 227 Netzer Administration Building    Phone: 436-3695

Office hours (If possible, call the Division secretary at 436-3458 to reserve an appointment during these times):
 

Monday 10 A.M. - 1 P.M.
Wednesday 10 A.M. - 3 P.M.
Thursday 2 P.M. - 5 P.M.                                      or by arrangement.


You may contact me by email at any time. Email may be accessed by clicking on the link below:
mailto:beckei@oneonta.edu

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