CLASS INFORMATION SHEET1San Joaquin Delta College Office of Instruction5151 Pacific AvenueStockton, CA 95207Semester: Summer, 2004Instructor: Nelson NagaiDepartment & Number: Econ 1A Title of Course: Principles of EconomicsDates (if short course): Lecture hours: MTWTh 8:00 am – 10:10 noon MTWTh 11:00 am – 1:10 pmPrerequisites: Reading level IICatalog Description: This course is designed for majors in economics, business, or social science. The course centers around macroeconomics which is the study of aggregates of firms, households, prices,wages, and income.Text: McConnell, Campbell R. and Stanley R. Brue, Economics, McGraw-Hill Book Co., San Francisco, 2004 (16th Edition)Purposes or Goals of the Course: General Goals: 1. Understanding the terminology of economics2. Understanding the underlying causes of inflation and recession3. Understanding the business cycle and the application of Keynesian tools to influence the business cycle.4. Understanding the creation of money and interest rate determinationSpecific Objectives:1. Students will apply the supply and demand model to anticipate changes n price and quantity2. Students will calculate GDP from national income data3. Students will graph the numerical proof of the Keynesian model4. Students will compare and contrast the Classical, Keynesian & Monetarist theories5. Students will balance an account sheet for a commercial bankCLASS INFORMATION SHEET2Obligation of the Student: SOCIAL SCIENCE DIVISIONClassroom ExpectationsIt is expected that students in all Social Science Division classes will:•be attentive to, and participate in, all instructional activities.•be courteous to people with different perspectives and values.•be respectful of all persons.•be on time.•not leave early without instructor permission.•not disrupt class sessions by inappropriate behavior.•not cheat on assignments or examinations.•not engage in plagiarism.•not eat, drink, or smoke in classrooms.•make use of instructor office hours during designated times.Course Content: Deconstructing Macroeconomics I. Classical EconomicsA. Allocation of ResourcesB. Demand and SupplyC. TradeII. The American EconomyA. Private and Public SectorB. GDPC. Unemployment and InflationIII. Keynesian EconomicsA. Aggregate ExpendituresB. The MultiplierC. Fiscal PolicyIV. MonetarismA. Money CreationB. The Federal ReserveC. MonetarismCLASS INFORMATION SHEET3Method of Evaluation: Grades will be based on a point system which will include written assignments and examinations. Your total points will be based on your scores on the following work:1. Seventy percent on examinations based on the assigned reading. Examinations will be composed of objective and essay questions. Examinations will be given as noted in the syllabus. The purpose of the exams is to evaluate students understanding of macroeconomic theory.2. Twenty percent on a term paper. A 5-10 page typewritten term paper in the MLA style will be required for this class (no covers please). Studentswill write a research paper on a famous economist other than Adam Smith,John Maynard Keynes, or Milton Friedman. The paper should include abrief background including education and employment of the subject, the significant economic ideas of the subject, and an analysis comparing orcontrasting the subject to Keynes. A minimum of 5 citations and 3 sources are required.3. Ten percent on homework. Homework is assigned in the syllabus. Twelve homework assignments will be made but only the 10 highesthomework scores will count toward the course grade. Homework is due as noted in thesyllabus. The purpose of the homework is to familiarize students with the material to becovered in examinations.The Education Code requires that 3 hours of work per week be assigned for each unit in a course. A three unit course should have 9 hours of in class and homework each week. This work can include attending lectures, reading the text, doing homework, researching & writing papers, and studying for & taking tests.General Information: Last Day to Drop without a "W:" July 1Last Day to Drop with a "W": July 22Regular attendance is necessary for satisfactory progress. Any student who fails to attend class duringthe first 3 sessions of the semester will be dropped. The final responsibility for adds and dropsremains with the student.Office: Cunn 432 (if you are unable to attend class, leave homework/papers at theSocial Science Division Office, Holt 240)Telephone: 954-5314 or 954-5262 (Social Science Office/message) fax: 954-5649 e-mail:[email protected] INFORMATION SHEET4Reading and Homework Assignments: Students are required to read the following chapters during the dates indicated. For example, chapters 2,3, and 6 should be read from June 21 to June 30 and homework assignmentsp. 37 #6 # 10 # 11 and homework p. 57 #7 #8 should be completed. Schedule and assignmentsmay be rearranged due to time constraints.I. Classical EconomicsA. Allocation of ResourcesJune 21: read chapter 2 homework: p. 37 #6 # 10 # 1 due 6-24B. Supply and DemandJune 24: read chapter 3 homework p. 57 #7 #8 due 6-28C. Invisible HandJune 28 : read chapters 4 & 5 homework p. 72 #7 and p. 90 #15due 7-1D. TradeJune 29: read chapter 6 homework p. 108 #4 due 7-1II. American EconomyA. GDPJune 30: read chapter 7 homework p. 129 #8#11 due 7-6B. Inflation and UnemploymentJuly 6: read chapter 8 homework p. 151 #6 #8 #11 due 7-8 MIDTERM on Chapters 2,3,4,5,6,7 and 8 on Tuesday, 7-7III. GovernmentA. Aggregate ExpendituresJuly 8: read chapter 9 homework p. 169 #5 #8 due 7-12B. The MultiplierJuly 12: read chapter 10 homework p. 201 #9 #10 #13 due 7-15C. Fiscal PolicyJuly 14: read chapter 12 homework p. 230 #14 due 7-19ECONOMIST REPORT DUE Thursday, 7-22CLASS INFORMATION SHEET5IV. MonetarismA. Money CreationJuly19: read chapter 13 homework p. 250 #9 due 7-22B Federal Reserve July 21: read chapter 14 homework p. 266 #6 #8 due 7-26. C. MonetarismJuly23: read chapter 15 homework p. 289 #2 & p. 354 #11 due 7-27FINAL ON CHAPTERS 9, 10, 12, 13, 14, and 15 on Thursday, July