Computer ProjectsEconomics 201 Page 3Spring, 2012Multiple Choice Quizzes with ExplanationsSome SuggestionsEconomics 201 Page 4Spring, 2012On-Line ResourcesAdditional On-Line QuizzesII. The Market Mechanism: Elements of Price TheoryMarch 26March 28April 2April 4April 9April 11Quiz 2 DueApril 16April 18Lecture 4 - 5CP1 DueApril 23April 25April 30May 2May 9May 14May 16May 21Quiz 6 DueMay 23May 28May 30Principles of Economics – Microeconomics Spring, 2012Economics 201California State Polytechnic University, PomonaDr. Anne BresnockOffice: Building 1, Room 338Office Hours: MW 12:00 – 2:00 p.m. and by appointment Phone: (909) 869-4593 E-Mail: [email protected] and [email protected] Website: www.class.csupomona.edu/earth.html (See Economics section.)Required Text: Paul Krugman and Robin Wells Microeconomics, 2E (New York, NY:Worth Publishers, 2009). (Study guide recommended.)Class Website: http://www.class.csupomona.edu/ec/aebres/ec201/ec201.html Text Website: http://www.worthpublishers.com/krugmanwells Module Website: http://class-ms-web.class.csupomona.edu/ Course Objectives: The key objectives in this introductory course in microeconomics include:1. The student should develop a solid foundation of basic economic concepts pertaining to themarket system. The nature and method of decision-making units -- consumers, producers,and governments--to make choices while constrained by limited resources will be carefullyanalyzed. Additional constraints to the decision making process-government regulations,imperfect competition, etc.--will also be investigated.2. The student should develop an understanding of the institutional framework of the Americaneconomy within which our system of mixed capitalism operates. Thus, an analysis of thevarious ways producers organize their business, the role of labor unions in labor markets, therole of taxes in directing economic choices, the effect of government regulations onproduction decisions, etc., will be pursued.3. The student will develop the ability to apply basic economic concepts and principles toproblem situations. In order to accomplish this problem solving aptitude, the student willacquire the basic methodology and tools of analysis necessary to formulate economicdecisions. Often the ability to select and utilize economic data to reach a solution will berequired as well as a comprehensive justification of the solution.4. The student will develop the ability to communicate the logic of economic thinkingqualitatively and quantitatively. Through the use of objective, problem set and short answertesting techniques, the student will be expected to utilize the principles of economics, toanalyze and synthesize answers to problem situations.5. Finally, the student will develop a better understanding of the role of economics in oursociopolitical environment as well as the role economics plays in decision making processeswhich crossover to other disciplines -- the arts, natural sciences, and other social sciences.Such knowledge is important to gain awareness of the overall operation of society.Economics 201 Page 2Spring, 2012Testing and Grading: There will be two examinations. Please note the exam dates that are listedin the attached syllabus. Under no circumstances are make-up examinations given. Studentsmissing a test for a serious and unavoidable reason will be excused from that test if the professorapproves acceptable documentation for such an excuse. Students with approved excuses willreceive a grade computed by averaging their remaining course work. Students missing anexamination without a valid reason will receive a zero grade for that exam. No one will be excusedfrom the final exam.The midterm and final examinations will contain multiple-choice (60%), and problem-solving, orshort answer (40%), sections. The midterm and final exams will consist of 30 multiple-choicequestions worth 4 points each, or 120 points, and 2 problems or short answer questions worth 40points each, or 80 points, for a total of 200 points. The problems and short answer questions willtypically require graphical, numerical and/or a brief verbal analysis, and be no more than one to twopages in length each.Your grade in Economics 201 will be determined as follows: Total Maximum PointsMultiple Choice Quizzes with Explanations 100 (16.6%)Midterm 200 ( 33.3%)Computer Module Assignments (50 pts. each) 100 ( 16.7%)Final Examination 200 ( 33.4%) Total Course Points 600 (100.0%)Grading Scale Total Accumulated Points Course Grade 90 - 100% 540 - 600 A- to A 80 - 89% 480 - 539 B to B+ 70 - 79% 420 - 479 C- to C+ 60 - 69% 360 - 419 D- to D+ Below 60% 0 - 359 F Your grade in Economics 201 is thus determined solely on the criteria described above, not on thebasis of “need” or special circumstances. There will be no extra credit opportunities to raise yourgrade. Incompletes are strictly forbidden in this course except in highly extraordinary andunavoidable circumstances. Please immediately consult university policy and specific dates to dropa class. You are expected to adhere to university drop policies. The instructor will make noexceptions unless highly extraordinary and unavoidable circumstances should prevail. Studentstaking the class on a pass/no pass basis must complete all course requirements. To receive a Passgrade you must earn a minimum grade of a C (73%) in the course overall.Computer Projects Each student will complete two computer projects. Due dates for the projects are listed in thecourse syllabus. Late computer projects will not be accepted since the answer keys will be postedon the course website the day they are due. Students should make a Xerox copy of the assignmentsfor immediate review purposes.Economics 201 Page 3Spring, 2012The computer project assignments will be collected in class lecture on the dates indicated in thecourse syllabus. You must turn in the assignments no later than immediately after the lecture on thedate indicated. Any assignments not received by that time on the due date will receive a zero gradebecause I will be immediately posting the answers.Multiple Choice Quizzes with ExplanationsStudents will be assigned to small groups (3 – 6 students) for completing