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Summer 2008

Econ 201 - Principles of Economics

Section-2

Syllabus

Grades
View your grades so far in the semester ECON201-2

Kindly note that the students may find out their final letter grades through the Integrated Student Information System (ISIS), but not the Toolkit.

Study Suggestions from Students
Please be advised that one strategy may not work for all, you might have to try a few strategies to find out which strategy is best for you. Having said that, please make use of the study suggestions that I solicited from my students with high scores, and posted here (with their permission) for the benefit of students. Most of these students report that reviewing material before the class, and asking question during the class is important.

Announcements (Latest announcement posted on July 5, 2008 )
 

Lecture Plan
The lectures will cover the topics as listed in the following table. Therefore, if you plan to read the topics before they are covered in the class consult this table.

 

Topic

Gwartney, et.al

Salvatore

Introduction and basic definitions

 Ch. 1, 2 Ch.. 1

Supply, demand and the market process

 Ch. 3, 4 Ch. 2
Market and Role of Government Ch 5  
Consumer choice theory Ch. 19  Ch 3, 4
Theory of the firm  Ch. 20  Ch 6, 7
Perfect competition  Ch. 21  Ch 8
Monopoly Ch. 23  Ch 9, 10
Supply and demand of productive resources  Ch 24 Ch 13
International Trade Ch 17  
Game Theory   Ch 12

 

Lecture Slides
Please make use of these lecture slides. These are posted for you so that you can supplement your lecture notes; however, these are not a substitute for attending classes and taking lecture notes. Also, please note that the slides are subject to modifications.

Class Experiment Files

Review Questions

Tutoring Services at Department of Economics
Department of Economics offers Tutoring Services for the students; some of the services are FREE, while some are paid.

Practice Assignments
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Method of Evaluation:
 

Participation (10%), Midterm (35%), Final (35%) and the TA will assign 20%

Midterm is on June 20 and,

Final is on July 7 or 8

 

Participation is graded on a scale from 0 (lowest) through 10 (highest), using the criteria below. I expect the average level of participation to satisfy the criteria for a "7".

Participation Grade

Criteria

0

 Absent.

2
  • Present, not disruptive.
  • Tries to respond when called on but does not offer much.
  • Demonstrates very infrequent involvement in discussion.

    • 4
  • Demonstrates adequate preparation: knows basic case or reading facts, but does not show evidence of trying to interpret or analyze them.
  • Offers straightforward information (e.g., straight from the case or reading), without elaboration or very infrequently (perhaps once a class).
  • Does not offer to contribute to discussion, but contributes to a moderate degree when called on.
  • Demonstrates sporadic involvement.

    • 7
  • Demonstrates good preparation: knows case or reading facts well, has thought through implications of them.
  • Offers interpretations and analysis of case material (more than just facts) to class.
  • Contributes well to discussion in an ongoing way: responds to other students' points, thinks through own points, questions others in a constructive way, offers and supports suggestions that may be counter to the majority opinion.
  • Demonstrates consistent ongoing involvement.

    • 10
  • Demonstrates excellent preparation: has analyzed case exceptionally well, relating it to readings and other material (e.g., readings, course material, discussions, experiences, etc.).
  • Offers analysis, synthesis, and evaluation of case material, e.g., puts together pieces of the discussion to develop new approaches that take the class further.
  • Contributes in a very significant way to ongoing discussion: keeps analysis focused, responds very thoughtfully to other students' comments, contributes to the cooperative argument-building, suggests alternative ways of approaching material and helps class analyze which approaches are appropriate, etc.
  • Demonstrates ongoing very active involvement.

    •  

    Supplemental Handouts

     

     

     

     

     

     

    More Cartoons

    Articles from Economic Press
    These articles are posted to motivate understanding of economic press, recognizing the economic phenomena, and learning to use graphical and verbal tools of economic analysis. Download all the articles in a zipped format by clicking here.

    Some other sources of articles are The Economist, Business Week, Forbes , Fortune , Investopedia (articles in Finance), National Bureau of Economic Research, McKinsey Global Institute, or Find articles at UVA library
     

    Links