ECONOMICS 224 SECTIONS 001 & 003
Principles of Economics
Fall 2008
Balch
Section 001 Classroom BA002
Section 003 Classroom BA002
COURSE OBJECTIVES:
To become familiar with fundamental
economic concepts and theories concerning the household, the
business firm, the government and the international community.
To observe how these economic participants interact through
markets and are how they are helped or constrained by
government policy. Application of these concepts to economic
problems is emphasized.
Text: Robin Bade and Michael Parkin, Essential
Foundations of Economics, fourth edition, AddisonWesley, 2009, with MyEconLab Supplementary software.
Other Readings: The Wall Street Journal, should be available in
the lobby (for free) of the Moore School of Business on a daily
basis
Other Requirements: i>clicker remote ISBN -10 1429200405
(Used i>clickers should be available at the book store for almost
half the price of a new i>clicker). To find out more about the
i>clicker, go to www.iclicker.com. These are not required, but
are the primary source for any extra-credit to be made available
in this course.
Date:
8/21
COURSE OUTLINE
(DATES ARE SUBJECT TO CHANGE)
Topic
Chapter in Text
Class Guidelines
FOUNDATIONS OF MICROECONOMICS
I INTRODUCTION
8/21
8/26
8/28
Getting Started
Using Myeconlab
The U.S. and Global Economies
1
2
9/2
9/4 -9/9
The Economic Problem
Demand and Supply
3
4
II A CLOSER LOOK AT MARKETS
9/11 – 9/16
9/18
9/18
9/23
9/25
9/30
Elasticities of Demand
and Supply
Efficiency and Fairness of
Markets
5
Government Influence on
Markets
Test 1Prep
Test 1
Go Over Test 1
7
6
III PRICES PROFITS AND INDUSTRY PERFORMANCE
10/2 – 10/6
10/9 – 10/10
10/8 – 10/14
10/16
10/21
10/23
10/28
10/30
Production and Cost
Fall Break
Perfect Competition
Monopoly
Monopolistic Competition
and Oligopoly
Test Prep
Test 2
Go Over Test 2
10
11
12
13
FOUNDATIONS OF MACROECONOMICS
IV MONITORING THE MACROECONOMY
11/6
11/11
GDP and the Standard of Living 14
The CPI and the Cost of Living 15
11/13
Jobs and Unemployment
16
V UNDERSTANDING THE
MACROECONOMY
11/18
11/20
Potential GDP &
Economic Growth
Money and the
Monetary System
11/25
11/26 – 11/30
12/4
AS – AD and Business Cycle
Thanksgiving Break
Final Exam Preview
FINAL EXAM
Section 001
Room 002
Monday, December 15 @ 9AM
Section 003
Room 002
Friday, December 12 @ 9AM
17
18
19
COURSE REQUIREMENTS:
There will be two one-hour tests (the first covering the number
of chapters discussed in class up to September 27 -- hopefully,
chapter 7; the second covering the remaining microeconomics
chapters discussed by November 8; and a final exam (covering
all remaining chapters discussed). Regular class attendance is
required. Reading and study of the text is required; some
information, on which you will be tested, will only be provided in
class notes. I-clicker will be used to complete one or more extracredit activities. MYECONLAB is recommended as a tutorial aid.
and may be used for one or more extra-credit assignments.
There will be quizzes given during many of the class sessions.
Material covered in each quiz will typically be what had been
discussed in the previous class session. On some occasions,
quizzes will be based on material discussed in the current and
within the last two sessions. The Wall Street Journal articles
related to material covered in the most recent prior sessions
may also be a topic for quiz questions.
No make-ups will be offered for missed quizzes. Poor
attendance will result in grade reductions. Your attendance will
be reflected as a participation grade (primarily be based on the
percentage of quizzes you take for the number of quizzes given.)
GRADING:
QUIZZES
30%
i>clicker and/or MYECONLAB
ASSIGNMENTS Possible extra credit
TEST AVG
30%
FINAL EXAM
30%
ATTENDANCE AND
10%
IN-CLASS PARTICIPATION
APPROXIMATE GRADING SCALE:
A
B+
B
C+
C
D+
D
F
90 – 100
86 - 89
80 - 85
76 - 79
70 - 75
66 - 69
60 - 65
BELOW 60
OFFICE LOCATION AND HOURS
BA 421 Wednesday 10 – 12 AM and 1:00 – 3:00 PM
or by appointment
Phone: 777- 6828
e-mail:sxabalch@moore.sc.edu
Quiz results and other related material may be found on the
Blackboard site for this class, under Course Information.