ECONOMICS 499WI: CAPSTONE                       WINTER 2002
  PROFESSOR: L. RANDALL WRAY                      OFFICE: 203C MANHEIM
  OFFICE HRS: M,W 10-11:30 AM                           PHONE: 235-5687
  BEST WAY TO REACH ME: WRAYR@UMKC.EDU

  CLASS MEETS: M,W 12-1:15  IN ROYAL HALL 213

  DESCRIPTION: This course provides a common intellectual experience for all economics majors while
  recognizing the diversity of experiences students bring with them to their final year before graduation.
  A series of lectures, discussions, reading assignments, writing assignments, peer evaluations, program
  evaluations, and self evaluations help students to synthesize their knowledge of the broad areas of
  study within the field of economics. Guest lecturers provide a critical summary of and synthesis of
  major areas of study.

  EVALUATION: Evaluation will be based on attendance and participation, presentations, written work,
  evaluations of written work, portfolios, and community service.
                          Attendance and participation            10%
                          Presentations                                   10%
                          Community Service                          10%
                          Short Writing Assignments                20%
                          Evaluations                                       10%
                          Research Paper                                25%
                          Portfolio                                           15%

  TEXTS: Real World Macro, Real World Micro, and Current Economic Issues, all by Dollars and Sense.
  Additional readings will be distributed in class or via email.

  DISCUSSION GROUP: Most communication with the class, as well as some discussion, will take place via
  email. Thus, each student must obtain an email account and must check for messages regularly.

  COURSE OUTLINE

  Week 1: Jan 14, 16: Introduction. Problems of economic measurement. Macro Ch 1; Issues Ch 1

  Week 2: Jan 21, 23: No class Jan 21. Problems of economic measurement (continued).

  Week 3: Jan 28, 30: Markets; Consumers. Micro Ch 1,2,3; Macro Ch 3.

  Week 4: Feb 4,6: Big Business. Micro Ch 4,5; Issues Ch 3. Guest speaker: Ward Morehouse, Feb 4.

  Week 5: Feb 11,13: Inequality, Poverty, Discrimination: Macro Ch 2; Micro Ch 7; Issues Ch 4.

  Week 6: Feb 18,20: Labor, Unemployment, Phillips Curve: Issues Ch 5; Macro Ch 6.

  Week 7: Feb 25, 27: Environment: Issues Ch 7; Micro Ch 8.

  Week 8: Mar 4, 6: Fiscal Policy: Issues Ch 2.5-2.8; Macro Ch 4.

  Week 9: Mar 11, 13: SPRING VACATION; NO CLASS

  Week 10: Mar 18, 20: Monetary Policy: Issues Ch 2.4, 6; macro Ch 5,7.

  Week 11: Mar 25, 27: Globalization, International: Issues Ch 8; Macro Ch 8; Micro Ch 9.

  Week 12: Apr 1-2: Discussion of research topics; outlines due Apr 1.

  Week 13: Apr 8,10: Discussion of research; no class Apr 10.

  Week 14; Apr 15, 17: First draft of research papers due. Peer evaluations.

  Week 15: Apr 22, 24: Peer Evaluations, continued. No class Apr 24.

  Week 16: Apr 29, May 1: Program and Self Assessment; Portfolios due Apr 29.

  RESEARCH PAPERS DUE MAY 6.