Econ121spring20101230145

- Economics 121 Principles of Microeconomics Spring 2010 Meeting Time T and R 12:30 PM-1:45 PM Place Room 575 Instructor Dr Todd Myers Telephone

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Economics 121 Principles of Microeconomics – Spring 2010 Meeting Time: T and R 12:30 PM-1:45 PM Place: Room 575 Instructor: Dr. Todd Myers Telephone Number: 644-7848 Office: 508B E-mail Address: [email protected] ; [email protected] Times Available: I will respond to email inquiries within 48 hours. I am available on Tuesdays and Thursdays from 3:30 PM – 5:30 PM and Monday 2:00 - 5:30 PM. Other arrangements may be possible. Please email me a day in advance so I can make certain I do not have an appointment with some other student during the time you wish to talk to me. Texts: James Gwartney, Richard Stroup, Russell Sobel, and David Macpherson’s Microeconomic Principles , 11 th edition and E.F. Schumacher’s Small Is Beautiful Every individual. ..generally, indeed, neither intends to promote the public interest, nor knows how much he is promoting it. By preferring the support of domestic to that of foreign industry he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Adam Smith Forever chained only to a single small fragment of the whole, man develops himself only as a fragment; having in his ear forever only the monotonous sound of the cog he turns, he never develops the harmony of his nature, he merely becomes an imprint of his business, his science. Friedrich Schiller To divorce economic ends from the contexts of social association within which allegiance to these ends can be nourished is fatal. Not all the asserted advantages of mass production and corporate bigness will save capitalism if its purposes become impersonal and remote, separated from the symbols and relationships that have meaning in human lives. Robert Nisbet Introduction The workings of the markets of which Adam Smith spoke are one of the sturdy pillars of the most successful political and commercial societies in human history. Just as Latin bound Medieval European peoples into a single civilization,
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economic rationality is the language that binds the modern world into a global society. Your own success in global society is in part related to your ability to understand and master economic principles. This course is dedicated to familiarizing you with some of these principles. Economics is the study of the choices people make and the actions they take in order to make the best use of scarce resources to fulfill their wants and needs. This course focuses on the basic principles of microeconomics, which analyzes the choices and actions of the individual parts of the economy - households, firms, and the government. In this course you will be expected to develop an economic way of thinking while not eclipsing other values that are essential to your personal success and the overall success of a market economy. This goal will be accomplished through the following activities:
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This note was uploaded on 02/22/2010 for the course ECON 121 taught by Professor Staff during the Spring '08 term at Grossmont.

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- Economics 121 Principles of Microeconomics Spring 2010 Meeting Time T and R 12:30 PM-1:45 PM Place Room 575 Instructor Dr Todd Myers Telephone

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