TEMPLE UNIVERSITY ECON C 055

TEMPLE UNIVERSITY ECON C 055

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Temple University/ Dr. Donald T Wargo / Econ 1902 Sec002: Microeconomics / Spring, 2010. This course offers an introduction to the theories of microeconomics and their application to the real world. Students will learn to “think like an economist”. Course Schedule: Econ 1901, Section 002: Tues/Thurs, 8:00 AM to 9:20 AM, Speakman Hall 212. Textbooks and Materials: 1. Microeconomics , Temple Special Edition, by Michael Parkin. 2. Myeconlab (Packaged with textbook) for Homework and Practice Exams (Required). 3. How Markets Fail, by John Cassidy, Ndew York: Farrar, Straus and Giroux, 2009. 4. Handouts and Homework by Instructor. The Text and Myeconlab are being sold through Zavelle’s Bookstore to save you money. How Markets Fail will be in the Temple Bookstore underCourse Econ 1902 Dr. Donald T. Wargo, Instructor Economics Department, 8 th Ritter Hall Annex, Tues/Thurs 12:30 PM to 2:00 PM in Jazzman Café, Speakman Hall & by appt. It is best to see me in class or e-mail me ahead of time to make sure I can meet you. Cell Phone: (610)-613-3000 Home Phone: (610)-688-7542 E-mail: [email protected] Course Mantras: THE ‘WAY OF THE ECONOMIST’ IS A NEW WAY OF LOOKING AT THE WORLD.” “AN ECONOMIST ALWAYS LOOKS AT DEMAND, SUPPLY AND PRICES.” “THINKING LIKE AN ECONOMIST WILL HELP ME MAKE GREAT BUSINESS DECISIONS!” “INFLATION IS ALWAYS AND EVERYWHERE A MONETARY PROBLEM!” “ECONOMIC GROWTH IS ALL ABOUT JOB CREATION!” “MONEY IS A MEDIUM OF EXCHANGE WITH NO INTRINSIC VALUE!” “MONEY IS BOTH A TOOL AND A DRUG.” Course Goals:
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This course is an introduction to the theory of microeconomics and its application to the “real world.” It has three main objectives: Since Economics is a Science , to provide an overview of the most important concepts and models that have entered into this science over the past 250 years. You will learn about the principles of macroeconomics within a global context and the tools and models used to manage the economies of both large and small economies, including the most important tools of Fiscal Policy and Monetary Policy. We will use these constructs to enhance your understanding of the U.S. and world economies so you can make better decisions as workers, managers, entrepreneurs, investors, consumers, parents and citizens. To this end, we will study the global context in which the United States economy functions and how the global economy affects all of us. Looking for a job after graduation? Your prospects depend significantly on the sate of the economy. The most important thing you will do in this class is to learn to “think like an economist” in order to prepare you for further work in accounting, economics, finance, marketing, international business, public policy and related studies and for careers in these areas. Apprentice Economists: Since I believe that an “apprenticeship” teaching approach to economics works best, you will be my apprentices and we will review together in real time the current important political and economic developments in the US and the world and their effect on business, employment and incomes in the US. This will be accomplished through discussion and analysis of reading
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TEMPLE UNIVERSITY ECON C 055

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