Prof. Jose L. Esteban's Economics 101 -Fall 2000

TEXT: Macroeconomics, 5th edition by William McEachern. Study Guide for the textbook is recommended. Wall Street Journal will be used as part of the coursework, (it comes with the book if you buy a new one, otherwise you'll have to get your own copy).

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 9-10:30 or by appointment. Office location: P17-I Phone: 744-1150 extension 2421 e-mail: jesteban@palomar.edu Economics department extension - 2412. Cybergroup Money

OUTLINE

WEEK 1	Introduction to Economics	Read Chapters 1 and 2
2	Supply and Demand Analysis	Read Chapter 3
3	Players in the US Economy	Read Chapters 4	QUIZ NO. 1
WEEK 4	Aggregate Supply and Demand	Read Chapter 5-6
5	Unemployment and Inflation	Read Chapter 7	TEST NO. 1
6	Unemployment and Inflation- Cont.	Read Chapter 7
WEEK 7	National Accounting	Read Chapter 8
8	Aggregate Expenditure	Read Chapter 9	QUIZ NO. 2
9	Aggregate Demand	Read Chapters 10
WEEK 10	Aggregate Supply	Read Chapter 11	TEST NO. 2
11	Fiscal Policy	Read Chapter 12
12	Money and Banking	Read Chapters 13, 14	Misery Index
13	Monetary Policy	Read Chapter 15	QUIZ NO. 3
WEEK 14	The National Debt	Read Chapter 17
15	International Trade	Read Chapter 18
16	International Finance	Read Chapter 19
WEEK 17	FINAL EXAM		May 12-18

GRADING POLICY

FIRST TEST	100 points
SECOND TEST	100 Points
THREE QUIZZES - 50 POINTS EACH	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 9, 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.
b) Make sure you ask questions in class and online 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!
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!!!

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