Spring 2012 ECONOMICS 101 Jose L. Esteban

TEXT: Macroeconomics 19th edition by C. McConnell, S. Brue and S. Flynn. ConnectPlus software is also required.

TEACHING METHOD: Each week you will read the assigned textbook chapters listed below, then go to ConnectPlus and complete the work for the week. You will also need to complete the in-class homework. Interaction with other students enrolled and with me will be a major source of information for all of us.

OBJECTIVES: Introduction to basic economics theory with an emphasis on how Economics affects our daily lives and preparation for upper division courses.

Successful Students:

Will be able to: (1) assess the impact of current events using market analysis, (2) explain how market based economies evolve, (3) explain the role of competition and the role of the government in market based economies, and (4) offer various policy options to alter the state of the economy. These items represent a partial list of Student Learning Outcomes.

OFFICE HOURS: MW 8:30-9:30, TTH 11-12:20 or by appointment. Office location: MD-379 Phone: 744-1150 extension 2421 e-mail: jesteban@palomar.edu Economics Department extension - 2412. Time management

TENTATIVE OUTLINE

WEEK 1	Introduction to Economics	Read Chapters 1 and 2		PPC
WEEK 2	Supply and Demand Analysis		Read Chapter 3		Online QUIZ
WEEK 3	Introduction to Macroeconomics		Read Chapter 6		Online QUIZ
WEEK 4	National Accounting		Read Chapter 7		Online QUIZ
WEEK 5	Economic growth		Read Chapter 8		TEST NO. 1
WEEK 6	Business cycles		Read Chapter 9		Online QUIZ
WEEK 7	Macroeconomic relationships		Read Chapter 10		Online QUIZ
WEEK 8	Aggregate Expenditure Model		Read Chapter 11		Online QUIZ
WEEK 9	Aggregate Supply and Demand		Read Chapter 12		Online QUIZ
WEEK 10	Fiscal Policy and the deficit		Read Chapter 13		Online QUIZ
WEEK 11	Money and Banking		Read Chapter 14		TEST NO. 2
WEEK 12	Money and Banking - continued		Read Chapter 15		Online QUIZ
WEEK 13	Monetary Policy		Read Chapter 16		Online QUIZ
WEEK 14	More AD and AS		Read Chapter 18		Online QUIZ
WEEK 15	International Trade		Read Chapter 20		Online QUIZ
WEEK 16	International Finance		Read Chapter 21		Online QUIZ
WEEK 17	FINAL EXAM				May 12-18

GRADING POLICY

FIRST TEST	100 points
SECOND TEST	100 Points
ONLINE QUIZZES - ConnectPlus – approximate 10-15	200 points
VARIOUS PROJECTS/HOMEWORK - ConnectPlus	200 points
FINAL TEST	150 points
TOTAL	750 points

Notes: All tests are cumulative and are made up of multiple choice and/or essay questions. No make-ups are possible unless an emergency occurs. If you have a problem, please see me or call me. Homework assignments will be randomly collected for extra points. Please turn off your cell phone - if it rings I will confiscate phones until next class!

Drop deadline is March 10th, after this date AUTOMATIC F!
To get a grade of A/Credit you need 90% of the total points
To get a grade of B/Credit you need 80% of the total points
To get a grade of C/Credit you need 70% of the total points
To get a grade of D/No Credit you need 60% of the total points
To get a grade of F/No Credit you would be under 60% of the points

SUGGESTIONS
To do well in class I suggest you do the following:
a) Finish your reading assignment before class and take notes about the information you gather. You will discover that you need to read the material over a couple of times before it makes sense. Go to MyEconLab.com and do the work!
b) Make sure you ask questions in class about the material you do not understand. Bring up current events for discussion. Economics is a very current topic.
c) Your class attendance is CRITICAL! Free tutorial services available in the library!
d) You are in this class because you chose to be here. Make it a rewarding and interesting experience for you. Economics is a challenging subject, and by the same token, an interesting one. In order for you to learn, you will have to work at it. HAVE FUN!!!