Chabot College, Spring 2023 Dr. Patrick Zhicheng Liang ECN 10 General Economics Course Syllabus (CRN 31216) Spring 2023 Instructor Contact Information Instructor: Patrick Zhicheng Liang Email: pliang@chabotcollege.edu or contact me through the Canvas Inbox. Once the course begins, I prefer to get messages through the Canvas Inbox. I will respond to all course email within 24~48 hours during the week and 72 hours over the weekend. Course and Instruction Information • This is a synchronous online course with scheduled live meetings via video conferencing. We will meet every Monday and Wednesday 10:30AM - 11:45AM (via Zoom). https://us06web.zoom.us/j/82067026773?pwd=Mnd1cE1lY1QzNXVvNDhpT2FMdktzUT09 (Meeting ID: 820 6702 6773 Passcode: 740998) • Canvas Course Website: https://clpccd.instructure.com/courses/34715 • Office Hours: Tuesday and Thursday, 8:00AM – 9:00AM https://us06web.zoom.us/j/81729553486?pwd=aWpmYWdRQUxCLzhtbXZ6TU5NZUxtUT09 (Meeting ID: 817 2955 3486 Passcode: 082085) or alternative time by appointment. If you want to meet with me outside of the regularly scheduled office hours, please email me to schedule an appointment. Course Description This course is an introduction to modern Economics. It covers both microeconomics and macroeconomics topics. Microeconomics studies the decision-making process of representative agents (e.g., consumers, manufacturers, firms). Macroeconomics deals with the overall performance of the economy. Topics covered in this course include supply and demand analysis, firms’ output and pricing decisions, international trade, comparative economic systems, economic growth, unemployment, inflation, business cycles, fiscal and monetary policy, and money and banking. Pre-Requisites: none Students Learning Outcomes (SLOs) Upon successful completion of the course you will be able to: 1. Demonstrate ability to use economic problem solving. 2. Demonstrate ability to understand and analyze economic graphs. 3. Demonstrate ability use economic terminology. Source: Course Description & Outline -1- Chabot College, Spring 2023 Dr. Patrick Zhicheng Liang Required Textbook Contemporary Economics: An Applications Approach, 8th ed., Robert Carbaugh (published by Routledge, 2017). Accommodations and Disabled Students Programs and Services (DSPS) Students who believe they may have physical, learning or other special circumstances or disabilities that affect their class work are encouraged to make an appointment with me or email me to discuss solutions, and contact a DSPS counselor (DSPS Center, Building 2400, phone number: (510) 7236725) to learn more about possible accommodations and other special programs. Students who require accommodations must inform the instructor in advance and provide documentation which states the specific type of accommodation required. It is the student’s responsibility to give advance to the instructor and to coordinate exams time and location with DSPS. Course Policies and Standards Equal Opportunity /Non-Discrimination Statement Chabot College is committed to the principles of equal opportunity, and the prevention of discrimination and harassment in any program or activity of the College District on the basis of race, color, ancestry, national origin, ethnic group identification, religion, age, gender, gender identity, marital status, domestic partner status, sexual orientation, disability or AIDS/HIV status, medical conditions, or status as Vietnam-era veteran, or on the basis of these perceived characteristics, or based on association with a person or group with one or more of these actual or perceived characteristics. Attendance / Drop Policy I strongly encourage regular class attendance. Each class session will cover new material. Since material in each week builds upon the material from previous weeks, it is imperative that you not fall behind. I therefore strongly encourage students to attend fully every class. • • • • Be sure to attend the first day of class. If you do not attend the first class meeting, without communicating in advance with the instructor, you may be withdrawn from the class. If you know in advance that you will not be able to attend a class meeting or that you will need to leave a class meeting early, please let me know. Please be informed that a student who is absent for a total of four consecutive or six cumulative instructional hours, without communicating in advance with the instructor, may be dropped from the course by the instructor for excessive absences. You are fully responsible for following up on all announcements made in class and on the Canvas course website. Students must check daily for class updates and communication from the instructor. These include your college email, Canvas messaging, comments in Canvas assignments, and announcements made on the Canvas course website. Students have the ultimate responsibility for dropping courses they no longer attend. Academic Integrity Students are responsible for the honest completion and representation of their work, for the appropriate citation of sources, and for respect of others’ academic endeavors. When there is -2- Chabot College, Spring 2023 Dr. Patrick Zhicheng Liang evidence of cheating1 or plagiarism2 in students’ work, the instructor may assign a failing grade, “F,” or zero points to the examination or assignment in which the alleged cheating or plagiarism occurred. Instructors have the authority to use plagiarism detecting instruments to detect academic dishonesty. Student Rights and Responsibilities The Chabot-Las Positas Community College District encourages all its students to pursue academic studies that will promote intellectual growth and personal development. In pursuit of these goals, the student should be free of unfair or improper action from any member of the academic community. The district accords every student the right of protection. Students, however, must also be aware that they are responsible for complying with all college regulations and for maintaining the appropriate requirements as established by the instructor for each course in which they are enrolled. Course Evaluations and Grading Scheme There are four components to your grade: three midterm exams (36%), one final exam (12%), twelve homework assignments (48%), and eight discussions (4%). Grade Policy 12 Homework 8 Discussion Mid-term Exam#1 Mid-term Exam#2 Mid-term Exam#3 Final Exam Grade Total Points 480 points 40 points 120 points 120 points 120 points 120 points 1,000 points Percentage of Grade 48% 4% 12% 12% 12% 12% 100% Grade A = 900 – 1,000 Points (90% –100%) B = 800 – 899 Points (80% – 89.9%) C = 700 – 799 Points (70% – 79.9%) D = 600 – 699 Points (60% – 69.9%) F = 0 – 599 Points (Below 60%) Mid-term and Final Exams There are three midterm exams in this course for a total of 36% of your grade. The final exam works 12% of your grade. The following table lists the dates of exams. : Cheating refers to the use of any materials or devices or strategies which provide undue advantage on any exam, assignment, activity or other method of assessment for a course. This includes, but is not limited to, looking at another student's exam, using phones or other communication systems to text message during exams, taking pictures or images of exams, talking with others during exams, using Internet to find information, or any other system of inappropriate “help”. 2: Plagiarism means presenting someone else's words or ideas as if they were your own and is a form of cheating. Please make sure you write your own final answer. Written assignments are a way for you to show your understanding of basic economic concepts by putting them in your own words. To write acceptable answers to assignments, don’t copy wordfor-word from the source you’re using – this is plagiarism. Instead, summarize the main points or basic ideas of the material you are discussing in your own (different) words and phrasing, and always give credit to the source. If you are not sure whether your work would be considered plagiarism, please come discuss it with me. 1 -3- Chabot College, Spring 2023 Dr. Patrick Zhicheng Liang Timetable of Exams Chapters Covered Date and Time of Exams Mid-term Exam#1 Chapters 1, 2, 3 Mid-term Exam#2 Chapters 4, 5, 6, 8 Mid-term Exam#3 Chapters 10, 11, 12 Final Exam Chapters 13, 14, 15 Available on Friday, February 10; due on Monday, February 13 at 11:59 p.m. Available on Friday, March 24; due on Monday, March 27 at 11:59 p.m. Available on Friday, April 28; due on Monday, May 1 at 11:59 p.m. Available on Friday, May 19; due on Monday, May 22 at 11:59 p.m. Midterm exams are due on their announced due date and time. Any late submission of midterm exam must be completed in a timeframe not to exceed one week from the due date. If you face a sudden emergency and need an extension, let me know before the due date. If you turn in a late midterm without having asked for an extension before the due date, I shall deduct 2% from your score for each day it is late (including weekends and holidays). For example, for an exam that is worth 120 points, if you turn in one day late then you would be deducted 2.40 points; if you turn in two days late then you would be deducted 4.80 points; and etc. Midterm exams that are more than 7 days late (without permission) will get a score of 0. No late submissions (penalty or not) will be accepted for the final exam except in provably extreme circumstances3. If you face a sudden emergency and need an extension, let me know before the due date of final exam. Otherwise, you will receive a score of 0 for your final. Homework Assignments There will be twelve homework assignments posted with due dates on Canvas. The homework assignments are provided as a learning aid for students and are designed to synthesize information from lecture, textbook and outside sources. It is highly recommended for students as it gives a great idea about the type of questions asked in a midterm exam as well as the final exam. Homework assignments are due on their announced due date and time. If you face a sudden emergency and need an extension, let me know before the due date. If you turn in a late homework without having asked for an extension before the due date, there is a late penalty associated with each assignment: 1) After a homework assignment is due, you can still submit it with 2% late penalty each day for up to 7 days. That means if you submit a homework 2 days after it's due, that assignment will have a 4% penalty. If you submit a homework 7 days after it's due, that assignment will have a 14% penalty. 2) If you submit a homework 8 or more days after the original due date, there is a late penalty of 16%. For example if you submit a homework 2 weeks after it's due, that assignment will have a 16% penalty. If you submit a homework 3 weeks after it's due, that assignment still has a 16% penalty. 3) All late work should be submitted no later than May 26. This is an absolute deadline. No assignments will be accepted after May 26. : Instructors will consider the following reasons for missing an exam as excusable: verified medical or family emergencies; death in a student’s immediate family; military duty; major religious holidays, and others determined by the instructor to be excusable. There is no penalty for taking the makeup exam in such documented circumstances, provided you notify me enough in advance, and provide valid proof. Personal business, such as concerts, travel, etc. will not be considered as a valid reason, and forgetting the time of the assignment will not be accepted. 3 -4- Chabot College, Spring 2023 Dr. Patrick Zhicheng Liang Discussion Participation Discussion topics related to current material will be posted on Canvas. Discussion is an important part of the class. It is part of your grade. Discussion is where students can talk about topics in detail and explore difficult issues. You are encouraged to share your ideas with the class. Discussion assignments are due on their announced due date and time. If you face a sudden emergency and need an extension, let me know before the due date. If you turn in a late discussion without having asked for an extension before the due date, there is a late penalty associated with each assignment: 1) After a discussion assignment is due, you can still submit it with 2% late penalty each day for up to 7 days. That means if you submit a discussion 2 days after it's due, that assignment will have a 4% penalty. If you submit a discussion 7 days after it's due, that assignment will have a 14% penalty. 2) If you submit a discussion 8 or more days after the original due date, there is a late penalty of 16%. For example if you submit a discussion 2 weeks after it's due, that assignment will have a 16% penalty. If you submit a discussion 3 weeks after it's due, that assignment still has a 16% penalty. 3) All late work should be submitted no later than May 26. This is an absolute deadline. No assignments will be accepted after May 26. Chabot College Student Services and Resources All campus student resources can be found at the Chabot College Student Service Hub. • • • • • • • • • • • Admissions & Records Community Resources Guide Counseling DSPS (Disabled Students Resource Center) Employment Financial Aid • International Students Online Services Scholarships Special Programs Undocumented Students and DREAMers Veterans Important Dates Event Dates Begin date of course Last day to drop with No-Grade-Of-Record (NGR) Last Day to Apply for Pass/No Pass Last day to withdraw with a “W” Final Examination Due Date January 17 February 5 February 22 April 16 May 22 Syllabus Change Policy Except for changes that substantially affect implementation of the evaluation (grading) statement, this syllabus is a guide for the course and is subject to change with advance notice. -5- Chabot College, Spring 2023 Dr. Patrick Zhicheng Liang Course Schedule Date Jan. 18 Jan. 23 Jan. 25 Jan. 30 Feb. 1 Feb. 6 Feb. 8 Feb. 13 Feb. 15 Feb. 20 Feb. 22 Feb. 27 Mar. 1 Mar. 6 Topics Introduction Scarcity and Choice Scarcity and Choice Demand and Supply Analysis Demand and Supply Analysis Elasticity Elasticity Review for Exam 1 1st Exam (due on Feb. 13) Production and the Cost of Production PRESIDENT’S DAY--NO CLASS Production and the Cost of Production Competition and Monopoly Competition and Monopoly Imperfect Competition Mar. 8 Mar. 13 Mar. 15 Mar. 20 Imperfect Competition Government and Market Government and Market Review for Exam 2 Ch. 6 Ch. 8 Ch. 8 Mar. 22 Mar. 27 Mar. 29 Apr. 3 Apr. 5 Apr. 10 Gross Domestic Product and Economic Growth 2nd Exam (due on Mar. 27) Gross Domestic Product and Economic Growth SPRING BREAK--NO CLASS SPRING BREAK--NO CLASS Business Cycle, Unemployment and Inflation Ch. 10 Apr. 12 Apr. 17 Apr. 19 Business Cycle, Unemployment and Inflation Aggregate Demand and Aggregate Supply Aggregate Demand and Aggregate Supply Ch. 11 Ch. 12 Ch. 12 Apr. 24 Review for Exam 3 Apr. 26 Fiscal Policy and the Federal Budget May 1 May 3 May 8 May 10 May 15 May 17 May 22 Textbook (Robert Carbaugh) Ch. 1 Ch. 1 Ch. 2 Ch. 2 Ch. 3 Ch. 3 Ch. 4 Ch. 4 Ch. 5 Ch. 5 Ch. 6 Ch. 10 Ch. 11 Ch. 13 rd 3 Exam (due on May 1) Fiscal Policy and the Federal Budget Money and the Banking System Money and the Banking System Federal Reserves and Monetary Policy Federal Reserves and Monetary Policy Final Exam Review Final Exam (due on May 22) Ch. 13 Ch. 14 Ch. 14 Ch. 15 Ch. 15 -6-