Materials:
Required Text
Economics
3-ring binder with paper
folder
Related Materials
 You will be required to keep abreast of major world events and current issues as
they develop throughout the year. Such information is regularly reported in the
New York Times, The Wall Street Journal, and the Financial Press, and the
business press (Business Week, Fortune, and The Economist) and the major
weekly news magazines (Time, Newsweek, U.S. News and World Report).
 Instructional Videos-see “Flipped Classroom” section
Course Objectives:
This is an introductory economics course. The primary objective is to help you learn to
think effectively about economic problems, how our economy works, the policies we
have developed to manage it and thus attain certain goals, and our record of success and
failure. Economics is mush more than how our country is doing, however. It is a way of
thinking about problems; it is a problem-solving approach.
You will be expected to accomplish the following by the end of the semester:
1. Learn the language of economics.
2. Demonstrate a proficiency in a few basic principles and analytical concepts
necessary to think intelligently about economic problems.
3. Develop an independent ability to apply analytical tools in thinking independently
about economic problems.
4. Exhibit an awareness and continuing interest in major economic problems of
modern society.
These goals will be achieved through several techniques, including “learning in context,”
active participation in class discussions, written assignments, and peer evaluations, and
regular feedback from me.
The interactive nature of this course may be new to some of you, which may make
it seem difficult at first. You will need to come to class prepared, having read assigned
materials, ready to participate in class discussions. Reading the textbook is necessary but
not sufficient to pass the course; the text should be considered a reference. Assignments
and exams will reflect class work.
Grading: Tests and Projects ……..75%
Homework……………..25%
100%
Flipped Classroom: New this year!!!
All classroom content will be cover online through instructional videos. That setup will
allow us to spend more time in class applying what was covered in the videos.
Expectations:
 You will complete all assignments on time
 You will view videos as assigned
 Attendance is mandatory
 Study, study, study!!! Economics is not an easy class.
 Be receptive to learning.
Content:
Unit 1: Introduction to Economics
Chapter 1
Introducing the Economics Way of Thinking
Chapter 2
Production Possibilities, Opportunity Cost, and Economic Growth
(Test on Chapters 1 and 2)
Unit 2: The Microeconomy
Chapter 3
Market Demand and Supply (Demand Quiz)
Chapter 4
Markets in Action (Test on 3 and 4)
Chapter 5
Analysis of Elasticity (Quiz)
Unit 3: The Macroeconomy
Chapter 11
Gross Domestic Product (Test)
Chapter 12
Business Cycles and Unemployment (Take Home Quiz)
Chapter 13
Inflation (Quiz)
Chapter 14
Aggregate Supply and Demand
Chapter 15
Fiscal Policy (Test on 14-15)
Unit 4: Money, Banking, and Monetary Policy
Chapter 18
Money and the Federal Reserve
Chapter 19
Money Creation
Chapter 20
Monetary Policy
(Test on Chapters 18-20)
Unit 5: Personal Finance