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Introduction to Economics 201

Reference #00000

Fall 1999

Class meets in Rm 000 Haag Hall  at 00:00 MWF

INSTRUCTOR INFORMATION

Ben Young

Phone (home): 962-9563

(UMKC): 235-5699

Office: 203E Geoscience Bldg

Office hours: To be announced

E-mail: byoung@cctr.umkc.edu

Please feel comfortable in contacting me at any of these addresses for any problems or questions that may arise.

COURSE INFORMATION

Credit Hours: 3

Prerequisites: None

Supplies: Calculator may be helpful.

Textbook: Case, Karl E. and Fair, Ray C. Principles of Macroeconomics, 5th Edition. Upper Saddle River, New

Jersey: Prentice Hall, Inc., 1998.

COURSE REQUIREMENTS

1. Four equally weighted tests (some consideration for adjustment on the first test for low grades will be taken).

2. Problems and pop quizzes.

3. Two brief reports. Each report will consist of the student reading and summarizing articles (at least two) over
topics to be assigned in class. Reports should be at least 2 pages in length (typed and double spaced). Each report
should contain the following information on a cover page:

          a. Student's name

          b. Name, date, and pages of the article

          c. Name of the publication.
           
           
4. The text requires slow and careful reading with particular attention given to the graphs. Taking notes on the
reading is recommended. Daily reading of a current newspaper such as the Wall Street Journal will help the student
relate the reading in the text to the current economic issues and will increase the student's ability to participate in
class discussion.

5. Spot attendance will be taken. Close calls between grades, a high C or a low B may be determined by class
attendance. This cannot affect you adversely, i.e., if you barely have a B you will not have your grade lowered to a

C. If you have regular attendance that will be considered in moving the C up to a B. Minuses and pluses are not
given.
 

GRADING

Four tests (100 points each) 400

Problems and pop quizzes 50

Two articles (25 points each) 50

TOTAL 500

Grading scale:

PERCENT POINTS

          A = 90 - 100% 450 - 500

          B = 80 - 89% 400 - 449

          C = 70 - 79% 350 - 399

          D = 60 - 69% 300 - 349

          F = below 59% 359 - 000
           
           
           
           
           
           
           
           
           
                                                      
                                  TENTATIVE COURSE OUTLINE

PART I INTRODUCTION TO ECONOMICS 

A. Chapter 1 The Scope and Method of Economics

B. Chapter 2 The Economic Problem: Scarcity and Choice

C. Chapter 3 The Structure of the U.S. Economy

D. Chapter 4 Demand and Supply

                                             TEST 1
                                          Thursday, 9-23
 

PART II BASIC MACROECONOMIC CONCEPTS

A. Chapter 6 Introduction to Macroeconomics

B. Chapter 7 Measuring National Output

C. Chapter 8 Unemployment, Inflation, and Growth

Report 1 Thursday, 10-7 The East Asian Crisis

D. Chapter 9 Aggregate Expenditure and Output

E. Chapter 10 Fiscal Policy
 

                                            TEST 2
                                         Thursday, 10-21
 
PART III THE ROLE OF MONEY AND MONETARY POLICY

A. Chapter 11 The Money Supply and the Federal Reserve System

B. Chapter 12 Money Demand, the Interest Rate and Monetary Policy

C. Chapter 13 Money, Output Analysis, and Policy

Report 2 Thursday, 11-4 The Condition of Women and Children in the Global Economy

D. Chapter 14 Aggregate Demand and Supply and Inflation
 

                                            TEST 3
                                         Thursday, 11-11
 
 
 


 
PART IV CONCLUSION

A. Chapter 15 The Labor Market, Unemployment, and Inflation

B. Chapter 16 Deficit Reduction

C. Chapter 22 Economic Growth in Developing Nations

D. Review


                                             TEST 4
 
                                  Thursday 12-2 (last day of class)

                              or on regular exam schedule...student choice

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