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E1000 M F24 Syllabus

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0% found this document useful (0 votes)
38 views8 pages

E1000 M F24 Syllabus

Uploaded by

jsteward3
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ELON UNIVERSITY

Love School of Business and Economics

Eco1000 Introduction to Economics, ; Fall 2024: Section M

I. Place and time: Koury Business Center, Room 355: Monday, Wednesday, Friday 8:00 – 9:10

II. Professor: Dr. Steven Wagner: [email protected] (best way to reach me)
Office: KOBC 312a

III. Office Hours: Monday, Wednesday, Friday 11:00 - 12:00


-or- by appointment on-line on Tuesday and Thursday mornings.
Zoom link for virtual meetings:
https://elon.zoom.us/j/7015770076?pwd=MmpQVFc5empPL2tPRFlQVkdOZitnZz09
Note: this link is available on the upper right of our Moodle course page.

IV. Course Materials:

The Required text is Mankiw's Essentials of economics, 10th edition. We will make
extensive use of the "Mindtap" learning support platform for this text. To provide affordable
access to these course materials, this course is part of an inclusive access model called First
Day. Through First Day you will automatically obtain access the required materials for this
course beginning the first day of classes at a discounted price. Elon University will bill you
for access to the eBook and other Mindtap materials at the discounted price as a course
charge on your student/BURSAR account.

NOTE: If you drop this section of Eco 1000 by the drop/add deadline, First Day will
automatically refund the price of the course materials access through your student/BURSAR
account if you click on the “Opt-Out” button on Moodle

V. Course Description, Learning Objectives, Goals and Attainment Measures:

Economics is a social science that, at its core, studies now individuals, businesses and societies
make decisions in the face of an over-riding human condition: the scarcity of resources relative
to desires for material goods and services. The pervasiveness of scarcity requires us to
recognize trade-offs and make choices in substantially all that we do. This is particularly true in
the material domain where we must decide what goods and services to produce and to consume,
what technology to use to produce these goods and services and who gets what share of the
finite economic pie. Scarcity also engenders trade-offs among economic growth, employment
and inflation and requires policy choices regarding how we balance economic growth,
employment and inflation. Not only does Economics study how choices are made but
provides a framework for evaluating how decisions and their outcomes might be improved
through the application of the economic analysis.

Catalog Course Description:

ECO 111: PRINCIPLES OF ECONOMICS 4 sh. An introduction to the fundamentals of


both microeconomics and macroeconomics, including supply and demand, the theory of the
firm, consumer behavior, macroeconomic equilibrium, unemployment, and inflation. The
course also introduces students to economic methodology, including creating arguments,
empirical verification, and policy decision-making.
Learning Content Objectives:

 Demonstrate an understanding and application of supply and demand analysis to


solve problems and make predictions.
 Be able to apply marginal cost benefit analysis to fundamental questions of economic
choice.
 Demonstrate an understanding of the nature of types of industry structures (in
particular perfect competition) and how structure affects the allocation of resources
 Demonstrate an understating of economic efficiency its use in economic analysis of
public policy and market failures.
 Understand the nature of macroeconomic equilibrium and its component problems of
unemployment and inflation.
 Demonstrate an ability to manipulate the macroeconomic model of Aggregate Supply
& Demand to evaluate Fiscal and Monetary policies.
 Demonstrate an understanding and application of macroeconomic policy choices by
using models to address issues of unemployment, inflation, and growth/development
and the trade-offs among them

Learning goals:
 To become a more informed consumer and citizen by understanding consumer
behavior, the theory of the firm and the operation of markets through which they
interact.
 To be a more rational voter and a wiser citizen with respect to public policy.
 To create coherent arguments employing economic reasoning and, where possible,
support them with empirical evidence.

Achievement of these goals will be demonstrated principally through


 Homework assignments that stress content objectives
 Examinations which include short-response analysis essays as well content questions.
 Class discussion and in class problem solving
 Written analysis of economic issues using micro theory

V. Class Organization, Procedures and Expectations:

Class time will be largely devoted to content review, problem solving and discussion. The
basic structure of the course will be as follows:

 I will review and reinforce key economic concepts and models from the assigned
chapters.

 We will go over select content problems to illustrate concepts or address questions


from Mindtap.

 We will address current issues of interest or, at least applicability, to our current area
of study for class discussion

What I expect from you:

 That you uphold the Elon Honor Code.

 That assignments are completed when due.


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 That you are prepared for class sessions. This includes first of all, attending class sessions
and secondly, having completed readings and assignments.

 That you are engaged in and support the intellectual activity that takes place during class
meetings.

What you should expect from me:

 That I avoid wasting your time; time is a limited and valuable resource, and I will make every
attempt to use our time efficiently.

 That I respect our community of learners. I will seek to foster open, respectful, but
intellectually honest discussions of the topics we encounter….and that I uphold the Elon
Honor Code.

 That I evaluate your work in an unbiased, thoughtful, and timely manner. That I write exams
and assignments that fairly reflect course content and learning objectives

 That I answer emails and questions in a timely manner. I may occasionally be unable to
answer emails in the evenings or on weekends, however I will try to respond within 24 hours.

 That I start class on time and am prepared.

VI. Grading:

I will evaluate your performance in the following 6 areas. The indicated weights will be applied
to determine your final course grade:

(1) Exam 1 (Micro) ………………………………………..…20%

(2) Exam 2 (Macro)………….…….…………………....…… 20%

(3) Quizzes ………………….…….……………………….... 15%

(4) Mindtap Assignments…..…………………………….…...25%

(5) Paper ……..………………………….……………….…...10%

(6) Class participation (including Unit problems) ……………10%

The course grading scale is as follows: (Scores are rounded to one decimal point)
Letter Numerical Letter Numerical
Grade Score Grade Score
A  93.0 C 73 - 76.9
A- 90 - 92.9 C- 70 - 72.9
B+ 87 - 89.9 D+ 67 - 69.9
B 83 - 86.9 D 63 - 66.9
B- 80 - 82.9 D- 60 - 62.9
C+ 77 - 79.9 F < 60

Mindtap Problem sets:

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There will be one MindTap homework assignment for each chapter. These assignments
are on-line and will be worth up to 100 points each, if and only if submitted
when due. I will drop the lowest two assignment grades. Each problem can be
attempted three times prior to their submission. With a bit of effort, you can thus
expect to earn near 100 points on each assignment.

Quizzes:
There will be two quizzes over the semester: one on Micro and one on Macro. These
assessments are intended to provide an opportunity to check learning and
understanding of the foundations of both Micro and Macroeconomics prior to the two
major exams. These quizzes will be done on-line. Each Quiz will contribute 7.5 % to
your final course grade.

Exams:
Two in class exams will be given: one on Micro and one on Macroeconomics. Each of
the grades will contribute 20% to the final course grade. The exams will require you to
demonstrate both an understanding of the material covered during the relevant period
of the course and the ability to apply it in a policy context. The second exam, on
Macroeconomics, will be given during two hours of the University’s final exam period
scheduled for our class.

No make-up exams or fmake-up quizzes will be given.


If you know you will miss a quiz or Exam, please contact me as soon as practical
before its scheduled date in order that alternative arrangements can be made for you to
take it before it is given to the class as a whole.

Short Paper:
You will write a short (3-4 page) paper. Your paper will be submitted via Moodle and
anonymously assessed by 3 of your peers. Submission and assessment processes are
“programmed” in Moodle which will not accept late work. I will read papers where the
peer assessments are inconsistent or if you disagree with the grade you have received.

Extra Credit Quick Quizzes:


Associated with each chapter’s reading are “QuickQuizes” that reinforce key items
from the reading. These 2-4 question quizzes are embedded in the chapter reading and
set up so you can easily get full credit. To encourage interaction with the text prior
to class, these quizzes are due before 6:00 pm on the day we cover that material in
class. Doing over 90% of these quizzes earns one extra credit point on your final course
grade. Doing over 95% of them earns 2 points. Other than these quick quizzes, there
are no extra credit opportunities.

Weather Policy:
If the University closes on a day when an exam or quiz is scheduled, then the
assessment will be given on the next day that class is scheduled, and the University is
open.

VII. Schedule: I will do my best to keep exam and quiz dates as scheduled.
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Class # Day Date Topic Assignments Reading
1 W 8/28 Intro, Mindtap &Econ Thinking Ch 1
2 F 8/30 Econ Thinking&PPD C 2.
3 M 9/2 Gains fromTrade C3
4 W 9/4 Markets, Demand &Supply C4.1-4.3
5 F 9/6 Unit 1 Unit 1Problems
6 M 9/9 Interaction of Demand &Supply C 4.4
7 W 9/11 Demand elasticity C5
8 F 9/13 Unit 2 Unit 2Problems
9 M 9/16 Elasticityand Revenue Ch 5
10 W 9/18 Economic Efficiency Ch 7
11 F 9/20 Economic Efficiency Ch 7
12 M 9/23 Government Policies Ch 6
13 W 9/25 The Costs of Taxation Market Paper Due Ch 8
14 F 9/27 Unit 3 Unit 3problems
15 M 9/30 Micro Quiz: Chapters 1-5&7 CH 1-5&7
16 W 10/2 Externalities Ch 10
17 F 10/4 Externalities and Public Goods Paper Assessments Ch 10-11
18 M 10/7 The Costs of Production Ch 12
19 W 10/9 The Costs of Production Ch12
20 F 10/11 Unit 4 Unit 4Problems Ch 12
21 M 10/14 Perfect competition Ch 13
22 W 10/16 Perfect competition Ch 13
FALL BREAK: 10/12&10/14
23 M 10/21 Intro to Macro Unit 5problems Ch 15
24 W 10/23 Micro Exam
25 F 10/25 Macro Measurement Ch 15
26 M 10/28 Measuring the cost of living Ch 16
27 W 10/30 Production and L-T Growth Ch 17.1-2
28 F 11/1 Production and L-T Growth Ch 17.3-4
29 M 11/4 The Financial Market Ch 18.1-2
30 W 11/6 The Financial Market Ch 18.3-4
31 F 11/8 Unemployment Ch 20
32 M 11/11 The MonetarySystem/ Review Ch 21
33 W 11/13 Macro Quiz: C 15-18 & 20
34 F 11/15 Money&Inflation Ch 22
35 M 11/18 Money&Inflation Ch 22
36 W 11/20 AD/ AS Ch 23.1-3
37 F 11/22 AD/ AS Unit 6problems Ch 23.4
THANKSGIVINGHOLIDAY: 11/20-11/24
38 M 12/2 AD/ AS &MonetaryPolicy Ch 23.5
39 W 12/4 MonetaryPolicy Ch 24.1-2
40 F 12/6 Fiscal Policy Ch 24.3
Macro Exam: Monday, 12/9, 1:00-3:00

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VIII. University Resources and Policies:

Honor Code

Elon’s honor pledge calls for a commitment to Elon’s shared values of Honesty, Integrity,
Responsibility, and Respect. To be clear about what constitutes violations of these values;
students should be familiar with code of conduct policies described in the student handbook.

Students with questions about the specific interpretation of these values and violations as
they relate to this course should contact this instructor immediately. Violations in academic-
related areas will be documented in an incident report which will be maintained in the Office
of Student Conduct, and may result in a lowering of the course grade and/or failure of the
course with an Honor Code F.

Violations specifically covered by academic honor code policies include: plagiarism,


cheating, lying, stealing, and the facilitation of another’s dishonesty. Multiple violations may
result in a student’s suspension from the University.

Disabilities Resources

Students with disabilities (physical, learning, psychological, chronic, or temporary medical


conditions, etc.) who would like to request reasonable accommodations and services under
the Americans with Disabilities Act must register with Disabilities Resources in the
KLC/Belk Library, Suite 226. Students who are new to Disabilities Resources or who are
requesting new accommodations should contact DR at (336) 278-6568 or at
[email protected] to discuss the programs and services offered. Students who are already
registered with Disabilities Resources and who would like to maintain their accommodations
must renew previously granted accommodations by logging into the Accommodate site and
making a semester request. Students are reminded to renew previously granted
accommodations at the beginning of each semester. Reasonable accommodations can be
requested at any time throughout the semester; however, they are not retroactive. Students
are strongly encouraged to contact their professors to discuss the testing and academic
accommodations that they anticipate needing for each class. For more information about
Disabilities Resources, please visit the DR website.

Belk Library

The librarians in Belk Library can help you find appropriate resources for your assignments.
You can schedule an appointment to meet with a librarian:
https://elon.libcal.com/appointments/ or chat with a librarian on the library website:
https://www.elon.edu/library/.

The Writing Center

Elon’s Writing Center in the Center for Writing Excellence is staffed by well-trained peer
consultants who can help you with all of your writing projects (for any class or major and for
any extracurricular, personal, or professional purpose), so take advantage of this excellent
academic resource and include a visit to our Writing Center as part of your writing process.
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https://www.elon.edu/u/academics/writing-excellence/

In one-to-one sessions of 30 or 45 minutes, Writing Center consultants will work with you on
any kind of writing (such as research or analysis papers, slide or poster presentations, or
applications of any kind) at any stage of the writing process (such as understanding an
assignment; brainstorming, drafting, revising, and editing; developing a research question or
starting your research; or completing in-text citations and bibliographies/works cited).

Please consult the Writing Center website for hours of operations and location.

If you have questions, please contact The Writing Center Director, Dr. Julia Bleakney,
at [email protected] or 336.278.5642.

Religious Holidays Policies

In supporting religious diversity, Elon has a policy and procedures for students who wish to
observe religious holidays that are in conflict with the academic calendar, allowing students
an excused absence. Students who wish to observe a holiday during the semester must
complete the online Religious Observance Notification Form (RONF) by September 12,
2023.

https://www.elon.edu/u/truitt-center/multifaith-religious-holidays/holiday-observance-policy/

This policy does not apply during the final examination period. Students are required to make
prior arrangements with the instructor for completion of any work missed during the absence.
Once the completed RONF is received, the Truitt Center will send an e-mail to the instructor
and the student that a RONF has been submitted. Students may contact the Truitt Center staff
with any questions (336-278-7729).

Student Options Related to Enrollment in Your Course

Enrollment

Students should confirm their enrollment in this course through their On-Track account.
Students who do not appear on the course roll or do not show the correct course/section listed
on On-Track should consult with their instructor immediately.

Policies on Dropping or Withdrawing from this Course

 Students may drop a course during the designated drop/add period through On-Track. A
course that is dropped during the designated drop/add period will not appear on the
student’s transcript or grade report.

 After the designated drop/add period, students may withdraw from a course without
penalty before the course withdrawal deadline published in the academic calendar.
Withdrawing from a course during this period will result in a mark of “W” that will

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appear on the student’s academic transcript. Students may withdraw online via OnTrack.
Students should refer to the academic calendar for important semester dates.

https://www.elon.edu/u/academic-calendar/2023-2024-academic-calendar/

NOTE: Students should not assume that they will be officially withdrawn from a course
based on failure to attend class or notifying a faculty member of their intent to withdraw.
The student is responsible for following the official process of withdrawing from a class.
Students who do not properly withdraw from a course will receive a grade of F.

For additional information on university course policies, students should consult the
Academic Catalog.

Supporting Fellow Students in Distress

As members of the Elon community, we each share a personal responsibility to express


concern for one another and to ensure that this classroom and the campus as a whole remains
a healthy environment for learning. Occasionally, you may become worried or concerned
about a fellow classmate’s well-being. When this is the case, I would encourage you to share
these concerns with me or to Elon’s Student Care and Outreach program
(https://www.elon.edu/ShareYouCare). Although you can report anonymously, it is
preferred that you share your contact information so they can follow up with you personally.

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