University of Guam
School of Business & Public Administration
BA110 Principles of Economics
Spring 2014
Instructor: Mr. Albert M. Perez, M.A. Economics
Chief Economist, Bureau of Statistics and Plans
Email: chief.ercbsp@gmail.com
BSP Tel: 475-9685; SBPA Tel: 735-2501
Class Room: SBPA 150 Times: 1730-1850 and 1900-2020 TTH (2 classes)
Textbook: Principles of Economics, by Libby Rittenberg and Timothy Tregarthen
Published by Flatworld Knowledge Inc. adapted by Tom Iverson
See https://students.flatworldknowledge.com/
Course Description and Objectives: This is an introductory course to micro and macro economics to study topics of choice and scarcity, markets, demand and supply, competition, production, output, income and growth and fiscal and monetary policy. Objective is to understand economics as defined in both theory and in real world situations as well as to understand the value and meaning of published economic indices. In class discussion, quizzes and assignments will be used to assess and improve understanding of subject matter.
Prerequisite: MA085-II, proficient use of internet and office computer programs.
Course Outline
DATE
Jan 23
TOPIC
Course Introduction
Jan 28/30
Feb 4
Feb 6
Feb 6/11
Economics: The Study of Choice
Confronting Scarcity: Choices in Production
Quiz #1 (Chpt. 1-2)
Demand and Supply
Feb 11/13
Feb 18
Feb 18/20
Applications of Demand and Supply
Quiz #2 (Chpt. 3-4)
Production and Cost
Feb 25/27
Mar 4
Mar 4/6
Competitive Markets for Goods and Services
Quiz #3 (Chpt. 7-8)
Monopoly
Mar 11
Mar 13/18
Mar 20
Charter Day
The World of Imperfect Competition
Quiz #4 (Chpt. 9-10) and extra credit proposal due
Mar 24-29
Mar 20
Apr 1/3
Spring Break
Macroeconomics: The Big Picture
Measuring Total Output and Income
Apr 8
Apr 8/10
Apr 15/17
Apr 22
Apr 22/24
Apr 29 May 1
May 6
May 6/8
May 13/15
May 19-21
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Quiz #5 (Chpt. 14-15)
Aggregate Demand and Aggregate Supply
Economic Growth
Quiz #6 (Chpt. 16-17)
The Nature and Creation of Money
Monetary Policy and the Fed
Quiz #7 (Chpt. 18-19) and extra credit due
Government and Fiscal Policy
Inequality, Poverty and Discrimination
EXAM WEEK Quiz #8 (Chpt. 20 & 13)
CHAPTER
Syllabus
1
2
3
4
7
8
9
10
14
15
16
17
18
19
20
13

Attendance: Taken daily. Disable cell phone. Computer use restricted for class purposes. Non- adherence or class disruptions will affect Attendance part of grade. Notification of absence encouraged.
Current Events and Assignments: Supplemental reading and chapter assignments given routinely.
Reaction papers required.
Extra Credit: Proposal due by October 16, 2012. Worth an additional 1–3% of final grade.
Grading:
8 Quizzes
Assignments
Attendance
80%
10%
10%
A
B
C
D
F
90% and over between 80 and 89.99% between 70 and 79.99% between 60 and 69.99% below 60%
Academic Honesty: It is absolutely adhered to. Also requires proper citation, where applicable, for the use of intellectual work by others.
Fatal Error: Present all work legibly and grammatically correct with proper credit citations at all times.
ADA Policy: If you are a student with a disability who will require accommodation(s) to participate in this course, please contact me privately to discuss your specific needs. You need to provide me with a documentation concerning your need or accommodation(s) from the University of
Guam’s EEO/ADA office. If you have not registered with the EEO/ADA office, you should do so immediately at 735-2244, 734-2971/2243 to continue your accommodation request.
Effect of Syllabus: This course Syllabus is a contract between the Instructor and every student in this class. It is designed to inform you about expectations throughout the term as thoroughly as possible. However, if it is formally amended it will be done so in consultation with students present. Students are encouraged to discuss this syllabus with the Instructor.
** IN EFFECT, UNLESS OTHERWISE AMENDED
(01/22/2014)
, THIS SPRING TERM 2014 **
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