Econ 100-40 Syllabus

St. Charles Community College
ECON 100 - 40 Survey Economics
Summer Session, 2014
Tuesdays and Thursdays 1:00 to 3:50 PM, SSB 1206

 

SYLLABUS

George W. Bowling  
Office: Tech 205  
Classroom: SSB 1206 
Home Phone:  (636) 537-3292
Tech 205 Phone: (636) 922-8419  
E-mail (Home):  cgb@socket.net
E-mail (College): gbowling@stchas.edu

Office Hours: 4:00 - 5:00 PM in Tech 205 or by appointment.

Mission Statement:  The Economics Department of SCCC is committed to enhancing the student’s level of economic literacy with the goal of making the student a better decision-maker.

Required Text:  Schiller, Bradley, Essentials of Economics, 9th Edition, McGraw-Hill, Inc.,  New York, 2011

Recommended Supplement:  Wilson, Linda, L., Study Guide to accompany the text, Essentials pf Economics, 8th Edition, 2011                                     

Class Handouts:  Students will be given numerous handouts related to the course material that is being discussed.   Many of these handouts are also available over the internet (see below). These handouts will be posted at the site just prior to each class, and will remain on the site throughout the semester.

Dates to Note: June 13 is the last day to change from credit to audit or audit to credit.  July 7 is the last day to drop a class and receive a “W” grade.  You must fill out a drop slip to officially withdraw in order to receive a “W” grade.  If you simply stop attending class you will be given an “F” grade.

Evaluation:  Your course grade will be determined on the basis of your performance on three in-class examinations and a comprehensive final examination.

                                             Raw Score Points             % of Final Grade 
 In-Class Examinations                      150                              60 
 Final Examination                            100                              40

The comprehensive final is mandatory.  The following cut-offs, subject to modification, establish the letter grades:  90-100=A; 80-89=B; 70-79=C; 60-69=D. 

Make-up examinations will be given upon agreement with the Instructor if the student has served notice that he/she can not sit for the scheduled exam.  Those make-up tests will be given at the Assessment Center in the Student Center Building, room 133.  The make-up examinations may not be the same as the examination that was missed. 

There will be optional, written, take-home assignments handed out as the course progresses.  These assignments are in lieu of a term paper, and are designed to enhance the student’s understanding of the subject matter.  Successful completion of these assignments can only help the student’s final grade. 

It is the Instructor’s policy to return graded test papers during the next scheduled class after the test is taken.  Take-home assignments will normally be returned during the next class after they are turned in.  

Course Objectives:  Upon completion of this course, the student will: 

  •  recognize and know the meaning of basic economic terminology.
  •  have the ability to predict the effect of market forces on equilibrium price and quantity.
  •  understand how consumers and producers interact in markets under various market arrangements.
  •  understand how factor prices, and, consequently, factor incomes, are determined in factor markets
  •  know the major macroeconomic indicators and how they are measured.
  •  know what constitutes monetary policy and fiscal policy and understand how they can influence the major indicators. 
  •  be aware of macroeconomic issues currently in the news and be able to analyze opposing viewpoints on them.

General Comments:

  • You should attend all class meetings for classes in which you are registered.  The instructor is required to keep records of student classroom attendance.  Absences due to personal business, job-related activities, illness, or death in the family will be recorded as absences. 
  • Even though there will be a review during the first lecture, it is assumed that the student has a working knowledge of basic algebra and the reading and interpretation of graphs.
  • The College has an office of accessibility that guides, counsels, and assists students with disabilities.  It is located in Room 133 of the Student Center Building.  It is the student’s responsibility, during the first week of class, to discuss with the Instructor anything needed to help him/her succeed.   If a student has special needs, they should call Pam Bova (922-8247) in the Office of Accessibility Services so that your eligibility for services can be determined. 
  • St. Charles Community College has instructional goals of improving the writing and critical analysis skill levels of all students.  With this in mind, all examinations will primarily contain essay questions which stress those two skills, and the take-home assignments will be short essays.
  • As a courtesy to the instructor and to your classmates, please turn off all cell phones, beepers, and pagers before you enter the classroom.
  • This syllabus, as well as the take-home assignments and most of the handouts are listed on the instructor's home page on the college web site in case you misplaced one of them. Go to www.stchas.edu/faculty/gbowling for copies.
  • The use of calculators is permitted during the taking of tests.  However, the use of text-messaging (programmable) calculators during the taking of tests is prohibited.
  • SCC/Bridgeway offers free counseling service to students.  Ms. Tina Hoester is the on-campus counselor.  Students may call (636) 288-6533 for appointments on campus or at the St. Charles location.  If you have a crisis after business hours, call the same number and Tina's voice mail will give you a phone number to call a counselor who will assess the situation and make appropriate referals.  Students can self-refer, or anyone on campus can direct you to these services.  Tina's campus address is in AD 1204.  The St. Charles location of Bridgeway is at 1570 South Main Street.

 

COURSE OUTLINE

The following should be regarded as a provisional outline of the content and chronology of the course, and is subject to modification as the semester progresses.

   Jun 3 Introduction to Economic Decision Making  

Class 

Lecture

    5 Demand and Supply: An Overview 3
10

Consumer Demand

4

 

Opportunity Costs

Review

 
  12 Exam #1 (Chapters 1 – 4) 
Production and Costs
5
  Competition      6    
   17

Monopoly

Market Failure

7,9
19 Wage Determination 
Unemployment
Review
8
pp 227-231
       24 Exam #2  (Chapters 5 – 8)  
  26 No class
  Jul  1

The Economy

The Business Cycle
Aggregate Supply and Demand

10,11
 3 Money and the Banking System 
Monetary Policy
13
14
  8

Fiscal Policy

12
   10 Theory and Reality

Class

Lecture

  15 Economic Growth 
Review

Class 

Lecture

   17

Exam #3

International Trade

Class

lecture 

22 Semester Review
   

The text chapter(s) should be read before you come to class.  Although you are responsible for all assigned readings, the examinations will be heavily based on the material discussed in the lectures.  Attendance should be thought of as a necessary condition for academic success.

 

 

------- COMPREHENSIVE FINAL-------

(Mandatory)

july 24, 2014

 

Page created by George Bowling  cgb@socket.net

Last Update:  6/2/14

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