New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here


by: Mariah Wittman
Mariah Wittman

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

First Upload
Economic Way of Thinking
Holly Fretwell
Class Notes
25 ?




Popular in Economic Way of Thinking

Popular in Macro Economics

This 4 page Class Notes was uploaded by Mariah Wittman on Wednesday October 12, 2016. The Class Notes belongs to Econ 101 at Montana State University taught by Holly Fretwell in Fall 2016. Since its upload, it has received 3 views. For similar materials see Economic Way of Thinking in Macro Economics at Montana State University.


Reviews for Sample


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 10/12/16
Economic Way of Thinking –Fall 2016 ECNS 101-01 Tues & Thurs 12:15 –1:30 (Gaines 101) ECNS 101-02 Mon, Wed, Fri 3:10 – 4:00 (Gaines 101) ECNS 101-03 Tues & Thurs 3:05–4:20 (Gaines 101) Instructor: Holly Fretwell Office: MSU Bozeman, Linfield Hall 307C Office hours: Tues/Thur 9-11 and by appointment (physical, phone, or electronic) E-mail: Phone: MSU 406.994.3036 Course email: (see methods to contact instructors and TAs below) T.A.s (read tutors): KYLAR Clifton, COLTER Fretwell, and CASSIDY Reid Linfield 404 (see D2L for TA schedule. with tutor appointment in the subject line to make an appointment) REQUIRED Materials Text: Stock, Social Issues and Economic Thinking. A custom bound text with only the relevant chapters is available at the MSU bookstore (ISBN: 9781119302230) or you may purchase the text used or new online via and similar outlets. iClicker2: iClickers will be used in class to encourage participation and provide real-time information about the understanding of the material. It is your responsibility to ensure your clicker is regisat the MSU site ( and working properly. D2L: Out of class communication for this course is through BrightSpace (D2L). Log into MSU’s D2L site at: Once logged in, left click Select a CoursEconomic Way of Thinking - ECNS_101IS. News Announcements and grades will be posted in D2L where you can also find links to the course syllabus and exam reviews. Check the course D2L site prior to each class meeting. If you are having trouble with D2L contact MSU tech support at or 406-994-3255. OPTIONAL Study Lab: There is a one-credit study lab that coincides ECNS 101. Interested students should enroll in ECNS 105 Study in the Economic Way of Thinking. The course is optional, but highly recommended. ECNS 105 provides supplemental weekly meetings taught by peer instructors. ECNS 105 is a graded, one credit course, based on attendance and completion of assignments. CONTACT Information: To keep response times short and course communication efficient, it is important for you to pay attention to the following when emailing the course instructor and TAs.  All emails regarding the ECNS 101 course should be  In the subject heading always include the topic – (dash) your class section (for example: clicker points-01 or exam1 score – 01)  To contact a specific TA add the TA name to the subject line (e.g., Kylar tutor appointment – 02)  If you are not specific in the subject line your email will not be addressed. This syllabus represents a contract between you and the instructor. Your continued enrollment in this course will be interpreted as your acceptance of this contract. Read it carefully. Each student is also responsible to abide by university policies including the student conduct code. Academic honesty and respect for others is necessary. This includes completing your own work and netiquette. If you choose to engage in academic misconduct, expect to suffer consequences that may include a grade penalty, failure to pass the course, and/or withdrawal from the class and/or the college. Examples of such behavior include plagiarism, cheating, “clicking” for classmates, and unsuitable language in class, discussion, or via email. Inappropriate behavior will be reported to the department chairperson and the appropriate Dean for further action. Learning Outcomes: Students who successfully complete ECNS 101 will appreciate the technique of economic thinking by applying the basic concepts of economics to analysis of current social issues and public policies. They will be able to:  Understand how markets allocate resources, identify sources of market failure, and analyze the role of government in resource allocation from efficiency and equity standards,  Understand and demonstrate various aspects of globalization from both micro and macro perspectives,  Discern the positive from the normative in economic analyses of social issues and public policy. PARTICIPATION: Economics is learned through practice. You are expected to complete assigned readings prior to class meetings and be prepared to answer questions and discuss the issues. Class participation is an important part of the learning. The course requires completion of in-class problem sets and weekly online D2L quizzes. The in-class activities may be done in collaboration with other students. Copying, clicking for others, or turning in another student’s assignment, however, is a violation of academic integrity. The learning you gain from class is directly related to the effort you put in. Class Projects: There will be 13 in-class projects during the semester. Project dates are noted in D2L content and are listed on the calendar at the end of the syllabus. The projects consist of a group discussion and write up on an economic question and are designed to aid in your understanding of the material and preparation for exams. Projects will be graded during the hour using iClickers. If you forget your clicker you drop that assignment. Missed in-class projects cannot be made up. If you know you will be missing a class on a project day for a university excused absence, make arrangements with instructor at least one week in advance to work the project early. Students who prefer to complete the in-class projects individually rather than as part of a group are free to do so in class. Project grades will be posted in D2L within 2 business days of project completion. It is your responsibility to check your project score within 1 week of the due date. If you believe your clicker score is incorrect you MUST have the ORIGINAL hard copy to turn in for a grade. The hard copy must be turned in within 1 week of the project due date. Your lowest two project scores will be dropped. One additional project score will be dropped to accommodate technological problems. iClickers: In addition to project points there will be at least three iClicker questions during each (non- exam) class meeting. You must correctly answer at least 30 of those to fulfill the required PARTICIPATION points (6.7% of grade). Additional iClicker points can make up for one unanticipated Project missed. Participation clicker points will be posted several times throughout the semester. It is your responsibility to ensure your clicker is properly registering the points. If you are having trouble with your clicker first put in new batteries. If you are still having trouble contact the MSU ITC Helpdesk or 994-1777. If your clicker is working properly but your data is not registering in the class roster send an email to with clicker points – your class section in the subject line. You must include your name, your student ID number, and your iClicker number in the text of the email with a brief description of the problem. Max PARTICIPATION points available: 130 28.9% of grade (13 Projects @10 pts each (drop 3) = 100 points + 30 in-class iClicker question points D2L Quizzes: There is a D2L quiz (homework assignment) each week. Weekly assignments are open 2 weeks prior to their due date. All assignments are due on Mondays at 11:55 pm at which time the assignment will close. You will have three tries to attempt each question and will receive the average score of all attempts. It is recommended you work through the assignments as the material is covered in class. Each graded assignment has a matching practice assignment to help you work through the material. If you still have questions after working through the practice problems and the text feel free to bring questions about the assignments to the course TAs. See D2L for TA (tutor) office hours in Linfield 404 or email noting the quiz week and question number in the subject title. Quizzes are accessed in D2L by entering thEconomic Way of Thinking -ECNS_101IS course and clicking Quizzes on the top right menu. You must clicSubmit when you have finished (save is not enough). Each D2L quiz is worth 10 points. Your final grade will drop your lowest 3 quizzes. No credit will be given for late assignments. Any assignment can be opened and reviewed after the due date passes. Even if you missed an assignment you can still open and view it with the correct answers displayed. Total points for Graded Problem sets: 120 26.7% of grade (15@10 pts each, lowest 3 dropped = 120 D2L Quiz points possible) EXAMS: There will be two midterm exams and a comprehensive final exam. Each mid-term exam is worth 50 points and the final is worth 100 points. Exams will cover information from class discussion, the text, linked supplemental readings, projects, and D2L quizzes. Mid-term exams will be given during class on October 6/7 and November 17/18. Missed exams cannot be made up. To accommodate a missed midterm exam for any reason, the final exam score will be applied to that midterm (making the final worth 33.3% of your grade). A second missed exam or missed final exam will receive zero points. If you have taken all exams and your final exam score is better than either of the previous exam scores, the final exam score will replace the lowest exam score. The final exam is scheduled as follows: Section 01: Wednesday Dec 14 4:00-5:50pm Gaines 101 Section 02: Wednesday Dec 14 8:00-9:50am Gaines 101 Section 03: Tuesday Dec 13 12:00-1:50pm Gaines 101 You must attend all exams including the final exam for your registered class section. Total exam points available: 200 44.4% of grade (2 mid-terms @ 50 points each, final @ 100 points = 200 EXAM points possible) ______________________________________________________________________________________________________________________ Total points available for Participation 130 28.9% of grade Total points available for D2L Homework Quizzes 120 26.7% of grade Total Exam points available: 200 44.4% of grade Total course points possible 450 The grading scale is A: >90% (405-450) B: 80-90% (360-404) C: 70-80% (315-359) D: 60-70% (270-314) F: < 60 (<270) (Pluses and minuses will be calculated at the margin.) Anticipated Time Schedule for Course (Projects and exams are completed during class time) (Class Week) TOPIC PROJECTS (P) & HOMEWORK ASSIGNMENTS DATES READINGS (in D2L Quizzes) (1) Due 9/6: Introduction & Overview Chapter 1 (& app)  HW1: Intro to the Econ Way of 8/29 Thinking (2) Due 9/12: P1: PPF & CA 9/6-7 9/6 Production Possibilities Chapter 2  HW2: Production Possibilities (Mon Labor day) and Comparative Advantage (3) P2: Demand 9/15-16 Due 9/19: 9/12 Demand and Supply Chapter 3 (p 40-49)  HW3: Demand (4) Demand and Supply P3: Supply 9/22-23 Due 9/26: 9/19 Chapter 3 (p49-66)  HW4: Supply and Demand (5) Consumer Surplus, P4: PS, CS, & Pc9/29-30 Due 10/3: Producer Surplus, and Chapter 4  HW5: CS, PS, Econ Effic 9/26 Economic Efficiency (6) Disequilibrium P5: P Gouging 10/4-5 Due 10/10: : (completion before exam 10/3 10/6-7 EXAM 1 Chapter 4 advised)  HW6: Disequilibirum (7) P6: Elasticity 10/13-14 Due 10/17: 10/10 Elasticity Chapter 5 (& app)  HW7: Elasticity (8) Farm Policy P7: Ag 10/20-21 Due 10/24: 10/17 Chapter 14  HW8: Farm Policy Due 10/31: (9) The Power and Limits of P8: Res Alloc 10/27-28 10/24 Markets Chapter 8  HW9: The Power and Limits of Markets Due 11/7: (10) Pollution, the Environment, P 9: Ext Costs 11/3-4  HW10: Pollution and the 10/31 and Global Warming Chapter 16 Environment (11) Due 11/14: 11/7 The Economics of P10: Ext Benefits 11/9-10  HW11: The Economics of (Tues election dayucation Chapter 17 (& app) Fri Veteran’s day) Education Due 11/21: (completion before exam (12) SuperStar salaries and wages Chapter 9 advised) 11/14 11/17-18 EXAM 2  HW12: Wage Determination (13) P11: Labor Mrkt 11/21-22 Due 11/28: 11/21 Minimum Wage (W-F Thanksgiving) Chapters 9 and 10  HW13: Wage & Price Controls (14) Poverty and the P12: Income Dist 12/1-2 Due 12/5: 11/28 Distribution of Income Chapter 20  HW14: Income Distribution (15) P13: Global Trade12/6-7 Due 12/12: Global Trade 12/5 Chapter 11  HW15: Global Trade (16) FINAL EXAMS Section 01 (TR 12:15-1:30) Wed, Dec 14 4-5:50pm Gaines 101 Section 02 (MWF 3:10-4:00) Wed, Dec 14 8-9:50am Gaines 101 Section 03 (TR 3:05-4:20) Tues, Dec 13 12noon-1:50pm Gaines 101 Note: The information in this syllabus, including grading, may be subject to change. Any changes to the syllabus will be discussed in class.


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Steve Martinelli UC Los Angeles

"There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."

Kyle Maynard Purdue

"When you're taking detailed notes and trying to help everyone else out in the class, it really helps you learn and understand the I made $280 on my first study guide!"

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

Parker Thompson 500 Startups

"It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.