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Unformatted text preview: MARSHALL SCHOOL OF BUSINESS UNIVERSITY OF SOUTHERN CALIFORNIA ECON 200 - ECONOMIC FOUNDATIONS FOR BUSINESS Fall 2007 Syllabus Prof. Bilin Neyapti ( e-mail: ) Class Schedule: Monday, 8:00-9:50 am Classroom: HOH 303 Required Textbook: Essentials of Economics (and Study Guide) S.L. Brue and C.R McConnell, McGraw-Hill, 2007. Office Hours: Office Location: Mondays, 10:0012:00 am (or by appt. - M & W only) Accounting Building, Room: 203 * Please view Blackboard for notices and online communication. Course Description and Objectives This course is designed to inform the students about the fundamental principles of both microeconomics and macroeconomics. Understanding the decision making processes of both individual economic agents, specifically the consumers and producers, under different market systems and conditions for market efficiency will be the microeconomic issues to be investigated. Measuring and analyzing the attributes of the aggregate economy, such as inflation, unemployment and growth, as well as the roles of government and central bank policies on the economy will be the macroeconomics issues to be analyzed. Upon successfully completing the course, the student will have basic analytical tools to understand the real economic phenomena. Expectations from the Students: Reading the course material after every lecture Solving assigned homework questions after every lecture and checking the answers with me -- during the office hours Responding to, or discussing, the questions raised during the lecture (students may bring real world issues to discuss in class provided that I do not find them interruptive for the course flow) Using office hours effectively (students are highly encouraged to discuss with me the unclear material -- after having attempted to understand the material or answer a homework question. Visits that start only after second mid-term are not considered effective use of the office hours.) Important Notices: DISABILITY SERVICES AND PROGRAMS ANNOUNCEMENT Please be aware of the following policy regarding disabled student accommodations: "Any student requesting academic accommodations based on a disability are required to register with Disability Services and Programs (DSP) each semester. A letter of verification for approved accommodations can be obtained from DSP. Please be sure the letter is delivered to me (or my TA) as early in the semester as possible. DSP is located in STU 301 and is open 8:30 a.m. - 5:00 p.m., Monday through Friday. The phone number for DSP is (213) 740-0776." ACADEMIC DISHONESTY "The Use of unauthorized material, communication with fellow students during an examination, attempting to benefit from the work of another student, and similar behavior that defeats the intent of an examination, or other class work is unacceptable to the University. It is often difficult to distinguish between a culpable act and inadvertent behavior resulting from the nervous tensions accompanying examinations. Where a clear violation has occurred, however, the instructor may disqualify the student's work as unacceptable and assign a failing mark on the paper." (SCampus) EXAMINATION POLICY The student is expected to make every reasonable effort to take all examinations at the scheduled time. Make-up midterm examinations will not be allowed. If a midterm is missed for an approved reason, the final examination weight will be increased to compensate for the missed grade. Approval for missed examinations will be rare indeed, and only with appropriate written documentation from an authoritative source indicating why the student was unable to appear for an examination. Normally, only a doctor's certification of a severe medical problem will suffice. All examinations will be closed book. No hats or sunglasses are to be worn during examinations You are responsible for checking to see that your examination contains the number of pages and questions referred to on the examination cover sheet. Violations of academic integrity will be treated very seriously. Each student is responsible for reading, understanding, and following the policies documented in SCAMPUS. No student will be allowed to take the Final Examination at a time or place other than that scheduled for this course. TENTATIVE COVERAGE: Part/ Chapters: I. Introduction 1 2 Limits, Alternatives and Choices The Market System and the Circular Flow II. Price, Quantity and Efficiency 3 4 5 Demand, Supply and Market Equilibrium Elasticity of Demand and Supply Market Failure: A Role for the Government III. Product Markets 6 7 8 9 Businesses and Their Costs Pure Competition Pure Monopoly Monopolistic Competition and Oligopoly IV. Resource Markets 10 11 Wage Determination Income Inequality and Poverty V. Macroeoconomic Measurement, Models and Fiscal Policy 12 13 14 Introduction to GDP, growth and stability Aggregate Demand and Aggregate Supply Fiscal Policy, Deficits and Debt VI. Money, Banking and Monetary Policy 15 16 Money and Banking Monetary Policy VII. Economic Growth and International Economics 17 18 Economic Growth International Trade GRADING: WEIGHT: MID-TERM I: MID-TERM II: QUIZZES (2): 25% 25% 10% DATES (*): October 8th ; time: 8:00- 9:50 am November 19th ; time: 8:00- 9:50 am There will be 2 Quizzes to be announced a week in advance (in class and on Blackboard) (NOTE: The quizzes will be at the end of class; for 15-20 min ; there will be NO MAKE-UP ) December 12, time: 8:00-10:00 am (COMPREHENSIVE, i.e. cumulative) FINAL: 40% (*) PLEASE MARK YOUR CALANDERS IMMEDIATELY! SOME DEADLINES: Last day to DROP a class without a "W" : September 14th Last day to DROP a class with a "W" : November 16th December 7th Classes end: ...
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