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Course 101 week 1

by: Sharmond Tanner

Course 101 week 1

Sharmond Tanner
University of Louisiana at Lafayette

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Course 101
Class Notes
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This 4 page Class Notes was uploaded by Sharmond Tanner on Friday August 19, 2016. The Class Notes belongs to at University of Louisiana at Lafayette taught by in Winter 2016. Since its upload, it has received 7 views.

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Date Created: 08/19/16
Econ 201-04: Macroeconomic Principles MWF 10-10:50 FGM 216 Sp 2016 Dr. Keith Watson: Office: 348 MX, Office phone: 482-5727, Office hours: M: 9-10; Tues: 9:00-11, 12:30-2; W: 9-10, 12:30-2; Thurs: 9-11; F: 9-10 and other times by appointment. Prerequisites: tuition paid. Course Description: This course introduces students to economics in general and to macroeconomics in particular. The topics include economic systems, supply and demand, GDP, money supply, aggregate demand and supply, inflation and unemployment. Course learning expectations: After successfully completing this course, students will be better able to interpret and digest current events as presented in the media and to understand the impact of governmental policy on the markets. Upon completion of this course, students will be able to: 1 Know the definition of economics and the features of the economic perspective. 2 Distinguish between microeconomics and macroeconomics. 3 Understand production possibilities analysis, increasing opportunity costs, and economic growth. 4 Know the difference between a command system and a market system. 5 Understand what demand is and what affects it. 6 Understand what supply is and what affects it. 7 Determine how supply and demand together determine market equilibrium. 8 Understand what government-set prices are and how they can cause product surpluses and shortages. 9 Distinguish the differences and benefits of comparative advantage, specialization, and international trade. 10 Know how gross domestic product (GDP) is defined and measured. 11 Understand the business cycle and its primary phases. 12 Know how unemployment and inflation are defined and measured. 13 Understand and evaluate the factors that can affect consumption and investment. 14 Know how changes in equilibrium real GDP can occur and how those changes relate to the multiplier. 15 Understand aggregate demand and the factors that cause it to change. 16 Understand aggregate supply and the factors that cause it to change. 17 Evaluate the purposes, tools, and limitations of fiscal policy. 18 Evaluate the purposes, tools, and limitations of monetary policy 19 Understand the impact of the size, composition, and consequences of the U.S. public debt. 20 Know about the Federal Reserve and how interest rates are determined. Course Materials: Text: Economics special ed. by McConnell, Brue, Flynn and “Connect” (this text will be used in both Econ 201 and 202.). There are old tests packets (highly recommended) on Moodle. Course time-on task expectations: After each one hour lecture it is a good idea to spend one hour going back over the notes to make sure that they are complete and that you understand the concepts presented. Also, spend about 3 hours per week going over the old tests in the packets and Connect. Then spend 9 hours studying before each test. Due to the fact that not all students have the same talents or previous course experience, the amount of time that each student spends working outside of class can vary. Some students need more time studying; others may need less time. Course student/teacher interaction expectations: I encourage you to participate in class and to ask questions. Also, if questions arise while you are studying, please come by my office during office hours. Course student/student interaction expectations: It is a good idea to study with other students, particularly the old tests. Also, you may need other students help if you miss class. Grading policy: Each student's grade is determined by 3 one hour tests and a comprehensive final exam with the lowest grade dropped. Averages are on 3 tests with highest grades and each score counting equally. Each test and course grade is based on the following grade scale: 90 - 100 A 80 - 89 B 70 - 79 C 60 - 69 D below 60 F Schedule of exams: 1st test: Chs. 1, 2, 38, 3 Wed., Feb. 24 2nd test: Chs. 25, 32, 33, 34 Wed.., Mar. 23 3rd test: Chs. 8, 10, 14, 16 Wed., Apr. 27 Final exam: Chs. 17 plus comprehensive Fri. May 6, 2 pm All exams are multiple-choice. Each student is required to bring a scan sheet and a number 2 pencil to class on exam days. No test including the final may be taken early or late unless unusual circumstances warrant an excused absence. Attendance policy: No work for extra credit will be accepted and no extra credit for good attendance will be granted. However, good attendance is encouraged and expected, but not required. Tundring is available free of charge for this course in the Learning Center (2 Floor, Lee Hall). Other services include workshops and tutor-led study groups for individual class sections. The center also has a computer lab with internet access (213 Lee). How to get the most out of a tutoring session: 1 Start right away.  Students who begin tutoring from the beginning of the semester typically do  better than those who wait. 2 Book your appointments early.  During peak times, you may need to book a few days in advance  to get the times you want. Call 482­6583 to make an appointment. 3 Come prepared.  Please bring your class notes and textbook.  Look over the readings and try the  problems.  If you can, bring a list of specific questions.  The more you prepare, the more you will  get out of the session. 4 If you miss a class, please get notes from a classmate before your session.  Tutoring is not a  substitute for attending class. Contact Person: Marianne Parrish, Director (337) 482-6583 Room 204 Lee Email: Website: Academic honesty policy: The University of Louisiana at Lafayette Policy on Academic Dishonesty as outlined in the 20013-2015 Undergraduate Bulletin will be followed. Students with Disabilities: Auxiliary aids and services as well as information on campus resources for students with disabilities are available through the Office for Service to Students with Disabilities. Important dates: Thur. Mar 3, last day to drop with a W. Dropping after this date is prohibited. Holidays: Martin Luther King Day no class Mon. Jan. 18 Mardi Gras: no class Mon. Tues. Wed. Feb. 8, 9, & 10. Easter: no class Fri-Sun. Mar. 25- Apr 3. Last day of classes: Fri. Apr 29 Study day: Wed. May 4. Evacuation procedures: A map of this floor is posted near the elevator marking the evacuation route and the Designated Rescue Area. This is an area where emergency service personnel will go first to look for individuals who need assistance in exiting the building. Students who may need assistance should identify themselves to the teaching faculty. If any student has any problems, please see me.


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