ECON 100
Donald Perry
DPerry@sccd.ctc.edu
econ100nscc@yahoo.com
http://facweb.northseattle.edu/dperry/econ100
Office: IB2423 C #1
Office Hours: Tu, Th 10:00-11:00 or by appointment
What this course is:
Survey of economics:
An introduction to and an overview of the two major disciplines in
economics: (1) microeconomics – individual market demand and supply models and (2)
macroeconomics – an aggregate (summing up) of all of the markets within the US
economy
First 5 weeks will introduce the basic supply and demand models that economists
use to describe, model and forecast individual markets, e.g. demand/supply for
computers. This will allow us to look at pricing decisions, impacts of taxes and
subsidies, and market failure (e.g., monopoly/cartels, pollution and other externalities,
financial market failure)
Last 5 weeks will introduce the (neo) Keynesian macroeconomic model of
Aggregate (i.e., all markets) Demand and Supply. This will allow us to look at how fiscal
policy (government expenditures, budgets deficits, tax increases/decreases, and monetary
policy, i.e., the Fed) affect Gross National Product (GNP), unemployment, international
trade deficit/surplus and financial markets.
Required Text: Introduction to Economic Reasoning
William D. Rohlf, Jr. (Pearson, 8th edition)
Other useful texts (especially if you are going to take more economics course):
1. Microeconomics: Exchange and Production: Competition, Coordination and Control, Alchian and
Allen
2. Macro- and Microeconomics: Economics, W.J. Wessels (Barron’s, 4th ed.) (quick reference
dictionary)
3. Macro- and Microeconomics: Essentials of Economics, N. Gregory Mankiw (South-Western, 5th ed.)
also separate texts for Macroeconomics and Microeconomics
4. Applications: (i) Naked Economics: Undressing the Dismal Science, C. Wheelan; (ii) The Economics
of Public Issues, R.L. Miller, D.K. Benjamin, D.C. North, (iii) Freakonomics, S.D. Levitt and S.J.
Dubner
____________________________________________________________________________________
Goals:
1. Understand basic microeconomic and macroeconomic theory, concepts, tools and vocabulary
2. Be able to apply these tools to perform critical analyses of current economic issues
1
Grading:
You final grade will be determined by:
1. your best grade on 3 of the 4 quizzes (~90%)
2. completion of on-line quizzes (~5%)
3. periodic (approximately every 2 weeks) homework assignments (~5%)
Your final grade will be based on the total number of points from 1) assigned homework, 2) on-line quizzes
and 3) four 1-hour quizzes (including the final exam). The 1-hour quizzes/exams will each account for
90% of your final grade. Homework and on-line quizzes will constitute approximately 10% of your final
grade. Your three best quiz scores will be used to compute your total quiz points. Consequently, if you
have taken all 4 quizzes, you can either a) choose which quiz to drop on the day of the final exam quizzes,
or b) not take the final exam. However, you must notify me of your choice to take or not take the final
exam on a sign-up sheet to be circulated during the last week of class.
Your grades during the course of the quarter can be found at:
http://facweb.northseattle.edu/dperry/econ100/grades
Quizzes and Final Exam
The quizzes and final exam will consist of multiple choice questions and short answer questions. The
multiple choice questions will be answered in pencil using SCANTRON cards and can be purchased at the
Bookstore. You will be responsible for purchasing the SCANTRON card prior to the quiz or exam.
Quiz dates:
Quiz 1 Oct 14 – Ch. 1-4
Quiz 2 Nov 2 – Ch. 5-9
Quiz 3 Nov 23 – Ch. 10-13
Final Exam
Quiz 4: Tue 12/14 10:30-12:30 in the classroom – Ch. 14-16
Homework
Homework problems
will be assigned generally on the Friday of the week preceding the
exam and will be due on the Thursday (the day) before the exam. Assigned homework can be
found at http://facweb.northseattle.edu/dperry/econ100/homework
Extra Credit
Your final grade will be determined solely by your quiz scores and homework. No extra credit projects
will be approved.
2
Cheating
Cheating on any of the quizzes will not be tolerated. A first offense will result in a score of 0 points for the
exam and you will not be allowed to drop this exam from your final grade computation. Subsequent
cheating will result in failure of the course.
Syllabus:
The readings for each week are listed below:
Microeconomics:
Week 1: (9/27) Ch.1: Study of Economics, Ch. 2: Economic Systems; Ch. 3 Demand & Supply
Week 2: (10/4) Ch. 3: Demand & Supply (cont’d), Ch: 4 Applications using Demand & Supply
Week 3: (10/11) Ch. 5: Costs; Ch. 6: Price Taking;
(10/14) Thursday: Quiz 1: Ch. 1-5
Week 5: 10/25) Ch.7: Price Searching), Ch.8: Industry Structure
Week6: (11/2) Ch. 9: Market Failure
(11/4) Thursday: Quiz 2: Ch. 6-9
Macroeconomics
Week7 (11/8) Ch. 10:Aggregate Performance; Ch. 11:Aggregate Demand & Supply
Week 8: (11/8) Ch. 11: Agg Demand & Supply(cont’d); Ch. 12: Fiscal Policy
(11/11) Veteran’s Day (no class)
Week9: (11/15) Ch. 12: Fiscal Policy (cont’d); Ch. 13: Banking & Monetary Policy
Week 9: (11/23) Tuesday, Quiz 3: Ch 10-12
(11/25) Thanksgiving (no class)
Week 10: (11/29) Ch. 13: Monetary Policy; Ch.14: Activist-Nonactivist Debate;
Week 11: (12/6) Ch.15: Economic Growth; Ch. 16: International Trade
Week 12: 12/14 Tue Final Exam @ 12:30-12:30, Ch. 13-16
The slides for the lectures and your quiz/exam and final grades will be available at
http://facweb.northseattle.edu/dperry/econ100
The on-line quizzes for each chapter can be found by first going to the text’s chapter resources
http://wps.aw.com/aw_rohlf_er_8/134/34313/8784341.cw/index.html
then selecting the chapter, e.g., chapter 1
and then selecting “ Chapter Quiz”
After completing the quiz, submit the results to econ100nscc@yahoo.com
Accomodations
Students with disabilities who believe that they may need accommodations in this class are encouraged to
contact Disability Services as soon as possible to ensure that such accommodations are implemented in a
timely fashion. You may make an appointment with Disability Services by calling 527-3697 or stopping by
the DS office on the 2nd floor of the Campus Center.
3