3 Evaluate the role that rational self interest plays in economic analysis 14

3 evaluate the role that rational self interest plays

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1.3 Evaluate the role that rational self-interest plays in economic analysis 1.4 Explain why economics is a science 1.5 Distinguish between positive and normative economics Review the Chapter 1 PPT and read the chapter. Homework on chapter 1 Due 2/3 homework due on My Econ Lab from BB Modules can be done as many times as possible, make sure you do them until you understand the subject Week 2 Chapter 2 2/4 Chapter 2 2.1 Evaluate why everyone, whether poor or affluent, faces the problem of scarcity 2.2 Explain why the scarcity problem causes people to consider opportunity costs and trade-offs among choices 2.3 Discuss why obtaining increasing increments of any particular good typically entails giving up more and more units of other goods 2.4 Explain why the economy faces a trade-off between consumption goods and capital goods 2.5 Distinguish between absolute and comparative advantage Review the Chapter 2 & PPT and read the chapters. Homework 2 homework due on My Econ Lab from BB Modules can be done as many times as possible, make sure you do them until you understand the subject Due 2/10 Chapter 3 3.1 Explain the law of demand 3.2 Distinguish between changes in demand and changes in quantity demanded 3.3 Explain the law of supply 3.4 Distinguish between changes in supply and changes in quantity supplied 3.5 Understand how the interaction of demand and supply determines the equilibrium price and Review the Chapter 3/4 PPT and read the chapter . Homework on Chapter 3/4 Homework chapter 3/4 homework due on My Econ Lab on BB Modules can be done as many times as possible, make sure you do them until you understand the subject Page 5 of 8 updated 10/12/2019
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During the semester/session, reasonable changes to the course outline may be academically appropriate; however students will be notified of these adjustments in a timely manner. Other Policies and Procedures: Emergency Notifications In order to receive up-to-date information on CCAC closings/delays, severe weather and other emergency situations, please register for emergency Twitter alerts by texting “follow CCACAlerts” to 40404 or [email protected] Preparation Time: To succeed in this class, you must schedule time for reading, Internet use, activities and for practice and lessons on a computer. As it is a 3-credit class that would be approximately 3 hours of “lecture” time set aside plus homework time. Students are expected to regularly “attend” class. Plagiarism and Cheating: Plagiarism and ANY form of cheating (especially the use of texts/notes during exams) will not be tolerated and any person(s) found to be doing so will receive a zero & be reported to the appropriate Dean. Students should refer to their student handbook for CCAC’s formal policy on plagiarism, cheating as well as the imposed penalties. If caught cheating you will be awarded an F.
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