syllabus spring 2010 micro.doc

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Course Syllabus MICRO ECONOMICS

Course and Number:

Course Title:

Course Schedule/location:

Required Course Materials

ECON 2302

PRINCIPLES OF MACRO ECONOMICS

TBA

Textbook: : Economics for Today, 5 th edition, by Irvin B.

Tucker; ISBN:

0324689926 [this should be the soft back version available in the bookstore, but hardback versions may exist at other sources:

ISBN: 0324408013

ISBN-13 : 9780324408010 ] note: 6 th edition is out, but we use 5 th .

Textbook’s website: http://websites.swlearning.com/cgiwadsworth/course_products_wp.pl?fid=M20b&product_isbn_issn=0

324408013&discipline_number=413

OTHER RESOURCES: Online research and Articles will be used; handouts may be given from time to time. You will be expected to go online and find, evaluate and utilize statistical data, studies and articles for the paper and for you participation in the class.. Finding and discussing relevant data/articles is part of the learning process. You will likely need a calculator unless you are extremely good at doing math in your head!

Instructor’s Name:

EMAIL ADDRESS

Alternative E-mail Address:

Availability:

Dr. Pamela Cameron

PAMELA.CAMERON@HCCS.EDU

PJCameron@COMCAST.NET.

Before/After class or by Arrangement , OFFICE HOURS: I will try to meet with you any time that is feasible to both parties. To the extent my schedule allows, I am always willing to stay after class or meet before class (as early as possible)---- for any student who requires or requests it. I will maintain office hours from 3-4 pm TTH (in room

208 of TLH.)

WHAT YOU MUST KNOW TO GET A C OR BETTER

Course's Description: Microeconomics examines the fundamentals of the market, and policy implications of the Supply and Demand Model. Emphasis is on the basic concepts of supply and demand, equilibrium, etc as they relate to the market ( price and output are the outcomes, and students must be able to determine the impact on the market resulting from changes in the Non-Prince determinants of supply and demand .) In other words, to pass this course with a C or better you must be able to apply all of these concepts to real world situations. You must also understand elasticity and how it is used, Market Structure and the

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welfare implications of Anti-Competitive behavior in the market.. Market structure involves the determination of market type –competitive vs non-competitive structures—and how marketstructure impacts the equilibrium price, equilibrium output and efficiency (social welfare). This course integrates behavioral social science (theory of the consumer and the theory of the firm) to achieve solutions to real world problems. Again, to meet the requirements of this course in microeconomics you must not only understand the supply and demand model (graph), you must be able to apply that basic understanding to real world situations, and extend that into Market Structure Issues. Core Curriculum course.

OBJECTIVES :

Econ 2302:

1.Describe the concepts of elasticity and how it affects supply, demand and total revenues of a firm.

2.Discuss how government attempts to control and prevent monopolistic power through anti-trust regulation and describe the results.

3.Explain and identify production costs and how they behave in the short and long run.

4.Explain the characteristics of market behavior in both perfectly and imperfectly competitive firms.

SUMMARY TABLE: ALL POINTS ARE SUMMARIZED HERE

ASSIGNMENTS BASED ON A 1,000 POINTS POSSIBLE:

DATE DUE POINTS

TESTS [80%]

All dates are subject to change

800

200 TEST ONE : Supply and Demand Chapters 1- 4, including appendix (you will need a basic understanding of Algebra and familiarity with graphs ; which are both reviewed in the appendices).

. Depending on circumstances, chapter 5 may also be inculed. (Sections oof the text may be taken out of order. This is true of all chapters. You are expected to attend class, and to be responsible for all, but only, material discussed in class.)

TEST TWO : Elasticity (chapter 5, if not on Test 1); Consumer Surplus; Production

Costs; Derivation of Demand Curve using Consumer Surplus concepts (eg

Indifference Curves)

TEST THREE: Market Structure. This includes Competition, Monopoly, Oligopoly,

Monopolistic Competition, basic Antitrust Issues.

TEST FOUR: This test is given on the last day of class, is worth the same number of points as the other three, will not likely have essay questions, and will be comprehensive.

200

200

200

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IMPORTANT: Missing a test :: If a student misses Test 1, 2 or 3, there is no makeup, the last test will simply count twice. No exceptions (eg you may not substitute Test Two if you missed .

No make-ups on tests or any other written assignment will be given. No exceptions.

You do not get to drop the lowest test grade. You may not use your phone for any reason on a test.. If you leave the room during a test, your test will be taken up and your grade will be based on your responses up to this point. If it is an emergency see me.

You may bring one 81/2 x 11 in. piece of paper (cheat sheet) with you to a test. You may not use anything else, including your phone. Everything else must be stored under your desk for the duration of the test.

Last day for you to ask for a W or to be given an administrative withdrawl is Nov 12.

After that , you will receive a grade based on 1,000 points, you will be given a grade of A – F depending on the number of points you have at the end of the semester out of a possible 1,000.

OTHER REQUIRED ASSIGNMENTS * see details below

PAPER TOPIC: This paper is an Application of the Supply and Demand model to the silver market. You will Apply S/D concepts to events in the real worldie .,what’s happened or happening in the silver market? And, what impact will that have???

Define the Market,; Explain and show in the supply and demand model what has been happening for the last 10 years and what , theoretically, will likely change in the near future (what is the forecast?) --- How the forecasted change or the changes impact the industry? See the Syllabus within for more information on writing a paper. Please note, that this means you must begin your research early .You have many resources available to you now. If you wait until the week this paper is due to begin your research and writing, it is my experience that you most likely will not be able to get a passing grade on the Paper. See below.

Homework/quizzes Homework assignments and random quizzes will be given throughout the semester. These are due every Thursday (assuming we have class) will be worth 10 points each. Quizzes, will be 20 minutes, and given at the beginning of a class. Homeworks will also be due at the beginning of class, NOT TEN OR 15 MINUTES AFTER CLASS STARTS. No makeups and no extra credit. In case an absence is necessary, I recommend that you get the name and phone/email address of a classmate who can give you homework assignments;

and / or bring your homework in if you are unable to attend.

You are responsible for knowing test policy and test dates., and for checking the no. of absences you have by

‘last day to drop’

Nov. 12

Various dates

10 points each

LATE PENALTY

10 POINTS.

ATTENDANCE: At several places within this syllabus, you will note that attendance requires that you be in your seat by the time I finish taking role.

After week one, anyone not seated by that time will be penalized 10 points for each occurence. If you know you cannot be seated on time for some preexisting, legitimate reason you must come see me within the first week . If you are late, please enter quietly and take the nearest seat.

RE PAPERS, SUMMARY INFO. ; PLEASE READ : Papers: All papers must be typed, double spaced, clear, with graphs or charts clearly labeled: WITH A COVER

SHEET giving names, date, class specifics, and topic... TWO Points will be lost for failure to adequately document or reference ideas and text, for typographical errors, for any sentence that does not make sense, and for the use of poor grammar.

PLAGIARISM will not be tolerated. See within for definition of plagiarism. There is no reason for plagiarism or typos given the FREE TUTORING, FREE PLAGIARISM

CHECK, AND THE FREE PROOFING OFFERED BY THIS COLLEGE. NONE WILL

BE TOLERATEDED. Any paper submitted which is not on topic will be given an automatic zero ( 0 ). No redo’s, so ask questions early and get started early. NO

LATE PAPERS will be accepted NO EXCEPTION. Everyone in this class has family, work, or other personal problems similar to yours. You have ample notice of the topic and all other requirements within this syllabus, so you can get the paper finished early in case problems come up that make the deadline a problem. I will work with anyone who asks for help and who is trying. However, little can be done if your questions are not addressed until the week the paper is due.

The time to think about these things is well before the due date. No extra credit is given and no extra time will be given. (there is no distinction between

‘excused’ and

‘unexcused’ absences. )

200

100

100

Total 1000

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YOUR FINAL GRADE WILL BE BASED ON 1,000 POINTS.

900-1,000 POINTS A 90%-100%

800-899 B 80%-89%

700-799 C 70%-79%

600-699 D 60%-69%

< 600 POINTS F < 60%

NO ETRA CREDIT,

NO LAST MINUTE

NEGOTIATIONS …

……………….

THE TIME TO

THINK ABOUT

YOUR GRADE IS

NOW!!!!

YOU ARE EXPECTED TO READ ALL OF THE SYLLABUS. ALL SECTIONS MAY

NOT BE READ ALOUD. NEVERTHELESS, YOU ARE RESPONSIBLE FOR THIS

MATERIAL

Expected Outcomes and Course Goals: see also the handbook

A. Economics related- By the end of the semester the student should be able to: identify causes of changes in supply and demand, differences between changes in supply/demand and changes in the quantity supplied/demanded; how to determine points of equilibrium in markets for individual goods and services., to understand the concept of Elasticity and how it is used in market situations, production costs, consumer welfare/utility, the profit maximization principle, ..and to understand microeconomic goals of equilibrium and efficiency and methods by which they may be achieved; this involves being able to explain and analyze all of the above concepts , including ‘Market Structure’ generally.

The rest of this section is common to all classes. You are required to know how to read, write and research in English. If you are uncertain as to your abilities in these areas, please see your counselor and investigate remedial and other courses available to you.

B.

General Literacy Basic Intellectual Competencies in the HCCS core curriculum: As a core curriculum class various assignments in this class including tests and quizzes (both in class and take home) will be designed to facilitate the student’s ability to accomplish the following goals:

Reading: Reading material printed in the English language with the ability to analyze and interpret a variety of printed and other media including:

Books, periodicals, documents and web-based references.

Writing: Writing skills (in the English language) to be developed include the ability to produce clear, correct and coherent prose adapted to purpose, occasion and audience. In addition knowing correct grammar, spelling and punctuation, students should also become familiar with the writing process.

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Speaking: Effective speaking is the ability to communicate orally in clear, coherent and persuasive language appropriate to purpose, occasion and audience.

Listening: Listening at the college level means the ability to analyze and interpret various forms of spoken communication.

Critical thinking: Critical thinking embraces methods for applying both quantitative and qualitative skills analytically and creatively to subject matter in order to evaluate arguments and construct alternative strategies. Problem solving is one application of critical thinking.

Computer literacy: Computer literacy at the college level means having the ability to use computer-based technology in communicating, solving problems and acquiring information. Core-educated students should have an understanding of the limits, problems and possibilities associated with the use of technology and should have the tools necessary to evaluate and learn new technologies as they become available.

Assessing your abilities:

Reading - Assignments from textbook and outside sources will be of sufficient rigor to meet college standards and are designed to improve student comprehension of difficult material by expanding student’s vocabulary. Tests, papers, presentations, quizzes and/or special assignments will be designed to partially measure this ability.

Writing - Students will write in class and/or on tests, papers, and possibly special assignments and part of the grade on these assignments will be based on whether they write clear, grammatically correct prose.

Speaking - Grammar and vocal skills will be evaluated in student assignments. Speaking skills may be developed as a secondary goal. In-class participation will be encouraged through the use of the Socratic Method.

Listening -Students will be evaluated on lecture materials as well as newspaper articles, films or in class demonstrations. Feedback will be provided regarding student's ability to actively listen in the form of test grades.

Computer Literacy - Computers may be used to present material. Computer-based assignments will be part of the graded assignments and certain basic components of web-based searches and/or spreadsheet applications will be taught.

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_________________________________________________________________________________

Policies and Procedures

________________________________________________

1. GRADES: STANDARD

The student should prepare for each class by reading all the relevant material (which includes assigned as well as material that may not be specifically assigned.) All performance assessments are based on achievement, not effort. Showing up, taking the tests, and turning in assignments is not enough. The assignments and tests must reflect a good understanding of the material/topics covered. It is the responsibility of the student to come to class prepared each week and to ask questions in those areas where the student feels he or she does not understand the material fully. Your understanding and your ability to communicate that understanding must be at the university level, see the quote below. Please feel free to ask questions in class. Your instructor is there to answer your questions and help you understand the principles of economics.

“The Texas Legislature has mandated that Texas community colleges and universities develop and create a Core Curriculum. The legislature intended that successful completion of the courses included in a college or university’s Core Curriculum would produce academically competent students whose course of study is educationally balanced and comprehensive in scope. Houston

Community College System (hence HCCS) students are able to choose from courses in the

Course Curriculum that are consistent with a number of degree plans and university transfer options. If students complete the HCCS Core Curriculum, state-supported colleges and universities must accept all of the courses in the Core Curriculum in transfer. Please see the catalog and the schedule for the elaboration. “ [please note this also means you are expected to perform at the university level in these courses]

2. GRADING : All assignments are listed in the summary above at pages 2-3. All achievable points are listed in this table.

Papers will be evaluated for content (demonstration of understanding of the material and the ability to apply those concepts to the situation described in the topic), organization, readability and clarity. No credit can be given if the sentence makes no sense. Points will be lost for typographical errors, misspelled words, and poor grammar. Two Points for each occurrence. It is expected that the writing submissions of students are to be of high quality. Therefore, it is advisable to read, reread and then have your paper proofed before handing it in (free proofing is available through the college-therefore there can be no excuse for this type of mistake.). Make sure each sentence has a subject and a verb and says what you want it to say. You are at the

University level now and will be graded accordingly. AS you are writing, note that Microsoft's

Word has a program under 'tools' that will do a spell check and grammar check for you. . Please take advantage of this tool. YOUR HCC WEBSITE ALSO OFFERS MANY SUCH HELPFUL

TOOLS. USE THEM! THEY ARE FREE. There is also a free Economics lab that meets on

Saturday. It is free! You can always ask me in class, but if for some reason you are not able to meet with me, the tutor is like the Maytag Repairman, he is bored and looking for something to do. I repeat: There are also plagiarism checks and online paper proofing services available free .

So there can be no excuses. The sources of these free services are given below.

Regarding the tests, you will have both essay questions and multiple choice. ON the essays, your answers must be clear and complete. Critical thinking and the critical thinking process is at the heart of any essay question. .Students should explain how they reached their conclusions as well as what conclusions were reached on any problems given on the tests. Your

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thought process in arriving at a given conclusion is very important, so be clear and expressive. It is important that you demonstrate an understanding of the material as well as the ability to apply or utilize that material in real world situations. This means you will be required to draw the relevant graph, fully label it, and explain it, using the graphs which you drew

3. FEEDBACK

Written comments are provided on each assignment (papers and homework) turned in. Pay close attention to any area where you may have lost po ints. If you don’t understand my comments, feel free to ask during or after class. .

4. FORMAT : All papers or reports must be typed, double-spaced, with a cover sheet which includes the Student’s names, the Class time/day (e.g., 9:30 MW) and a description of the assignment (topic) as well as the date due---all clearly visible. SEE the prior table. All graphs, charts or exhibits must be clearly labeled; and all variables or symbols defined. No credit can be given for a graph or a series of numbers if there is no heading and no labeling to tell the reader what was intended or how the reader should interpret the numbers or the graph. Significant number of Points will be lost for failure to follow the required format. You may leave space in the paper and draw in all of your necessary graphs. All graphs, charts or exhibits must be discussed (tell the reader what is shown in the graph/chart/exhibit) and WHY THAT

GRAPH/CHART/EXHIBIT IS IMPORTANT. You must use headings and you must have an executive summar y up front. All of this is discussed in the ‘Paper” section of this syllabus.

5. A. DOCUMENTATION OF SOURCES : Document all sources, as well as, quotes. Online or web sources must be documented so that the reader of the paper could go immediately to the relevant page on the web. If not, penalties will be taken for failure to properly document. That means giving a page or subheading within the URL. If you go to a big website like Test your reference using the exact chain provided in your footnote or reference to see if that takes you to the exact page being discussed. If I go to your reference and cannot find that quote or that idea, it will be a considered plagiarism or AT MINIMUM there will be A LOSS OF SEVERAL POINTS.

5. B. PLAGIARISM : Plagiarism will not be tolerated. It is not enough to document quotes.

Credit must be given for ideas as well as quotes. Additionally, it is not enough to ‘re-vamp’ or restate an existing work. All work must be either original or credited (i.e., credit given for nonoriginal work.)*** Plagiarism will result in a grade of 0 (zero) on any work found to have been plagiarized. A paper found to be plagiarized in its entirety will result in an F for the course and may lead to additional penalties from the College. REMEMBER, FIVE OR MORE WORDS

TAKEN FROM ANY SOURCE, WHETHER THE SOURCE IS COPYRIGHTED OR NOT, MUST

BE IN QUOTATION MARKS [“…”] AND MUST ALSO BE CITED, OR IT IS PLAGIARISM.

***You must always submit work that represents your original words or ideas. If any words or ideas used in a paper or assignment do not represent your original words or ideas, you must cite all relevant sources and make clear the extent to which such sources were used. Words or ideas that require citation include, but are not limited to, all hard copy or electronic publications, whether copyrighted or not, and all verbal or visual communication when the content of such communication clearly originates from an identifiable source. By the way, your roommate is an identifiable source. Academic dishonesty could involve 1) having a tutor or friend complete a portion of your assignment, 2) copying an assignment from a friend or other source, as well as (3) using information from online information services without proper citation.

PLEASE RUN YOUR PAPERS THROUGH A PLAGIARISM CHECK BEFORE SUBMITTING IT.

PLEASE GO TO http://swc2.hccs.edu/e-tutor/ FOR MORE INFORMATION ON HELP. You can also go to HCCS.askonline.edu and find tutoring and plagiarism help, which includes a review of your paper that likely will question your paragraph or sentence if it appears to be plagiarism. In about 3 weeks I will pass out a list that includes additional sources of

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both info and tutoring/proofing/plagiarism checks. However, you can go on Google or your favorite search engine and find equally good sources. The main thing is that you use them.

6. ATTENDANCE : (a) Attendance will be taken shortly after the Class Time. HCC policy is that a student may be dropped from a course after 6 class hours have been missed — that is only 4 classes . I can and will drop you if you miss more than this, so if you are absent more than four times (regular start; 11/2 hour classes) or 3 times (second start or evening classes) come and see me immediately. If you arrive after the roll is taken, you will be counted tardy and penalized

10 points for each occurrence. When you must come in late, please take the first available seat quietly!!! If you must leave to take an emergency call please return to the closest available seat.

(b) You must turn your cell phone off, unless you are expecting an emergency and you have discussed the matter with your instructor. PENALTY: If you are found to be using your phone,. If your cell phone rings, you can get it back after class when you give me your name and the reason. ,,,,,,,You may be subject to a 10 point penalty.

Again, it is your responsibility to keep up with the number of absences you have. If you have any questions about it, come and see me before or after class or during hours. The teacher will not remind you of the number of absences.

7. LATE ASSIGNMENTS : No late papers or homework will be accepted, irregardless of the reason for being late. There are no exceptions, so try to get your paper in even if you are going to miss a class. There is plenty of time as you already have your topics and can start as soon as school begins. Additionally, all students have family, work , social commitments, etc., and yet they manage to get their papers in on time. It would not be fair to these students to make exceptions for you.

Assignments/homework or paper will not be accepted via email except from a student that cannot make the class and sends the assignment prior to the meeting time of the class. This means you may not miss the class and email the paper to the instructor later that day.

The instructor will not request or remind students of missing or late assignments. As adult college students, this is your responsibility.

8. INCOMPLETES Incompletes are rarely given and only in the most extra-ordinary situations. Missing a final or not turning in an assignment is not a basis for getting an Incomplete in the course, unless the cause was truly unusual.

9. EXTRA CREDIT : FORGET IT. It doesn’t exist. No extra credit will be given.

10. NOTICE: Students who take a course for the third time will face significant tuition/fee increases at HCC and other Texas public colleges and universities (currently that penalty is

$50/hour). If you are considering course withdrawal because you are not earning an A or even if the reason is that you are not passing, confer with your instructor and/or counselor as early as possible about your study habits, reading and writing homework, test-taking skills, attendance, course participation, and opportunities for tutoring or other assistance that might be available.

There is Economic tutoring provided free to students. This tutoring is usually held in the Stafford building (STF2) on Saturdays. You will be notified of the time and classroom as soon as that information is available. Note also that depending on when you entered the college/university system, you will only be allowed so many withdrawls. After that, you will be asked to leave by the college or university.

11.

ADA Statement

- Any student with a DOCUMENTED disability (e.g. physical, learning, psychiatric, vision, hearing, etc.) who needs to arrange reasonable accommodations must contact the Disability Services Office at the respective college at the beginning of each semester. Faculty is authorized to provide ONLY the accommodations requested by the Disability Support Services

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Office. If you have any questions please contact the counselor, Becky Hauri, at 713-718-7909

(Southwest campus) as soon as possible to make the necessary accommodations. The counselor will inform instructors on the recommended accommodations. If you still have questions contact Donna Price at 713-718-5165.

If you have a physical handicap that necessitates assistance during a building evacuation, contact the instructor on the first day of class. If your counselor advises, a buddy can be assigned to you. This buddy, along with the instructor and security personnel, will assist you in the unlikely event of a building evacuation.

12. MISC: If I forget, please also remind me to remind the class to turn all cell phones off .(or mute them) during class. It is rude to take calls during class. If a true emergency exists, please sit by the door, so you can leave quietly, and let the professor know in advance that it may be necessary to leave. Otherwise, do not look at your cell phone.

13. Classroom Behavior

: If you arrive late, or if you must get up and leave the classroom for any reason, be sure to enter, leave or reenter very quietly, taking the closest available seat.

IF you KNOW you will need to leave before the class is over, please take a seat near the door, regardless of where you usually sit.

Entering or leaving the classroom causes disruption, and prevents students from being able to concentrate on what is being said. IN addition, disrupting a class while any teacher is trying to lecture is very bad manners in addition to being disruptive. So keep such instances to a minimum.

Also, talking among your selves is disruptive and will not be tolerated. Period. There is no excuse for college students to behave like grammar school kids.

These kinds of disruption are not appreciated by students who have paid good money and wish to learn something.... You may be asked to leave if you are disrupting the class. Sleeping in class may also be disruptive. If you must sleep, please do so at home, other students notice this behavior and the amusement causes a lack of concentration on the part of all students, and thus on the part of the teacher as well. If the disruption continues, a student may be withdrawn..

_____________________________________________________

ASSIGNMENT OF PAPERS:

SUBJECT:

See the table on page 2 for the subject.

” PAPER TOPIC: Application of Supply and Demand model. This is an application of the S/D models and other concepts to events in the real world. Specifically you are asked to evaluate the silver market.This means you must define the market. What is ‘a market’ , and what kind of market is the silver market???? Explain it in your paper (theory section). It also means you must start now by going online to read articles and to find data about that market. You will inevitably find words you do not understand, articles that are not clear to you, or perhaps be unable to find certain data. Bring these questions to class and I will help you clarify these. Also, it will benefit the rest of the class if we discuss these concepts in class. So please feel free to ask any question.

Note: Draw your Supply and Demand graph or graphs. Label, etc.. Then referring back to the graph you drew, and the symbols and labels you attached in that graph, explain to your reader what is going on. Where is equilibrium price and quantity? What happened or is expected to happen to change this? Show the change and again discuss the graph. You do not have to use 'real' prices and quantities in your graph. Describing changes requires you to discuss the

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non-price determinants as they relate to your graph. Label all axes and lines. Define your symbols. 2 points lost for each label and each symbol. Be sure to explain any differences between a movement along a supply or demand curve (change in quantity demanded or supplied) and shift of the aggregate demand/supply curve, if applicable. Use the correct terminology- for example, don’t say ‘demand went up’ when you mean ‘quantity demanded went up’ . Be prepared to discuss this assignment in class.

Remember that a graph, or a table of data is totally meaningless (no points, no credit) unless you discuss it in your paper. You may leave space and pencil in your graphs. Points will be lost for each failure to label, for each failure to define symbols, and for each failure to discuss the significance of any quote you use. Long quotes and the use of many quotes tell the reader that you do not understand the quote.

There is minimum 10-page limit. However, the paper should be as long it needs to be for you to get the job done, and no longer.

I will read and comment on an outline, but I cannot pre-read any paper. If I did it for one, I would have to do it for all.

Style is up to the author ( MLA, APA, etc.), however, whether you use MLA type footnotes or some other style, you must document cites and sources clearly. References are required for each number that you did not personally develop. A reference is also required for each quote and for ideas used which are not your own.

You must have at least 20 sources cited on your Reference Page.

You may not cite Wikipedia as a source.

You must use Headings and sub-Headings.

You must include an Executive Summary; a k a ‘summary and conclusion’section, right up front.. Don't even try to write the Executive Summary until after the rest of the paper is written.

Only then will you really know what it was you said, and be able to summarize it.

You must use Heading and sub-headings. At minimum you will include the following

Headings (you may need more headings and you certainly may need sub-headings):

I.

II.

Executive Summary this is a summary and conclusion. Basically, here you state briefly what it is you set out to do, why and what conclusions you were able to find. Your conclusions may relate to the forecast for the industry and/or to the impact of your findings on the market or maybe on the economy.

Statement of the Problem: here you develop and summarize the topic

(evaluation of the silver market) , Briefly, what exactly is it are you trying to accomplish?

III. Theoretical Models Used.(your assignment involves the Supply and Demand model). Here you discuss what you researched and why (you may organize and summarize your findings on the market here or under a separate heading), what theoretical models you used and how they work (mainly supply and demand models, what assumptions went into the model, etc.)

Your assumptions are important. Every slope has a cause. Leave space and draw in your graphs, neatly, and preferably using more than one color.

THE MARKET (theory ) You must also tell your reader w hat ‘a market’ is, and how it works. You cannot apply the S/D model and concepts to the silver market unless you understand what a market is and how it works. Policy is also important and may be an issue. Here you may want to look at this market over time , at least 10 years, and you must decide and justify your opinion on

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IV. whether the market is international or national, competitive or not, and what role it plays in the US economy (which will come from your research) You might want to include research into whether inflation, growth in the economy, or unemployment rates effect or are effected by what happens in the silver market

(prices and output), etc.

Research Findings: THE MARKET (research findings —if not included in III above) Here you describe the outcome of your research into the market and the results of the MODEL APPLICATIONS ( eg this is the interpretation of the

‘after’ situation in your ‘’before and after’ graphs. Discuss what that means.)

Also, where you discuss the research results, refer back to your graph or to a newly draw graph to explain the impact illustrated in your model and the outcome..[ Look for forecasts in your research and for past trends in silver prices and output.. You may use symbols or hypothetical numbers in describing your outcomes, but remember to identify them. You may also leave space and draw in your graphs neatly. ]

V. Summary; here you give a summary of your findings above and discuss the policy implications or ramifications (? On the future, on price and output, on the economy) of your findings in III and IV. This section will also be used and useful to write the section I (Executive Summary) .

Stick to the subject. IF, for example, the subject had been monetary policy over the past ten years, do not give a history of the Federal Reserve, regardless of how interesting you might have found that history to be. Stick to the POLICY and make sure you go back ten years (definitions, trends of economic variables, etc, are all relevant, but personal histories, or how the FED came into being is not.) Remember that a paper that is written about something other than the topic will result in an automatic zero.

The important points should appear at least twice or maybe 3 times: once in the executive summary, again in the body of the paper (where you explained it in detail), and finally in the conclusions (where you gave and explained the implications of this ‘point’).

Hint. Think about the Economic theory that will be incorporated. Look at the textbook and the objectives of the chapters. Think about where and how you will introduce graphs to illustrate your point. You will need graphs to illustrate the theoretical part.

Remember that graphs are meaningless unless they are labeled and discussed.. All numbers and charts must be sourced. If in doubt about how to label, just look at how your text deals with labeling of graphs. Label all axes and lines. Define your symbols or you will lose at least 2 points for every symbol used and not defined. .

Speaking of sourcing. I repeat, because this is important. Plagiarism will not be tolerated.

This will get you an automatic zero on the paper. Don’t’ forget that five or more words from any source must be in quotations and cited or it is plagiarism.

The best rule of thumb: just give credit where credit is due.

Remember, as stated above, no late papers , No matter what the excuse.

It is your responsibility to read this syllabus and make sure you have properly addressed the topic given and have written the paper in proper form, and have turned it in on time.

Remember that your reader (i.e. me, in this case) is not a mind reader. Your professor can only give credit for what is written and demonstrated in the paper— not for what you meant to say or show.

OTHER HELPFUL SOURCES:

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.In general, Your Textbook is where you should start for information. Use it to find information on the S/D model and how it works (the Theory section of your paper) as well as to find out what your text says about “markets” and market definitions. Remember to source any data used. And, remember to discuss the data and its significance to your topic.

Remember that this is an economics paper. As interesting as it may be to explain the sociology or human interest issues encountered, , that is not the topic. Stick to the topic, as any paper that is not on topic gets a zero.

Some good websites for finding economic-related data:

. http://www.econlib.org/library/sourcesUS.html#now

. http://www.usa.gov/ www.BLS.gov

www.FED.gov

for proofing www.hccs.askonline.edu

http://swc2.hccs.edu/e-tutor/

FREE tutoring on campus will begin around the third or fourth weekend.

You can find current articles in the Houston Chronicle by going to www.chron.com

. This is free .

You may not access the archives, however, without a subscription. You can use your parents subscription number, if they subscribe.

See “Armando's Paper Writing and Presentations Page” http://www.ucc.vt.edu/stdysk/termpapr.html

http://www.fordham.edu/halsall/med/howto.html

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