Spring 2009 ECONOMICS 101 Jose L. Esteban

TEXT: Macroeconomics 2^d edition by R. G. Hubbard and A. P. O’Brien. MyEconLab software is also required.

TEACHING METHOD: Each week you will read the assigned textbook chapters listed below, then go to MyEconLab 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. Also, preparation for upper division courses.

OFFICE HOURS: MW 10-11, TTH 11-12 or by appointment. Office location: P17-D 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		Applications of Supply and Demand	Read Chapters 4	Online QUIZ
WEEK 4		The Public Sector	Read Chapter 5	Online QUIZ
WEEK 5		Comparative Advantage	Read Chapter 6	TEST NO. 1
WEEK 6		National Accounting	Read Chapter 7	Online QUIZ
WEEK 7		Unemployment and Inflation	Read Chapter 8	Online QUIZ
WEEK 8		Economic growth	Read Chapter 9-10	Online QUIZ
WEEK 9		The Consumption Function	Read Chapters 11	Online QUIZ
WEEK 10		Aggregate Supply and Demand	Read Chapter 12	Online QUIZ
WEEK 11		Money and Banking	Read Chapter 13	TEST NO. 2
WEEK 12		Money and Banking - continued	Read Chapter 13	Misery Index
WEEK 13		Monetary Policy	Read Chapters 14	Online QUIZ
WEEK 14		Fiscal Policy and the deficit	Read Chapter 15	Online QUIZ
WEEK 15		International Trade	Read Chapter 17	Online QUIZ
WEEK 16		International Finance	Read Chapter 18	Online QUIZ
WEEK 17		FINAL EXAM		May 18-22

GRADING POLICY

FIRST TEST	100 points
SECOND TEST	100 Points
ONLINE QUIZZES - MyEconLab– approximate 10-15	150 points
VARIOUS PROJECTS	200 points
FINAL TEST	150 points
TOTAL	700 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.

Drop deadline is March 14th, 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!!!