TEXTBOOK - Economics (14^th ed.)
                        McConnell/Bruce

RATIONALE OF COURSE - The purpose of study in economics is to develop an understanding of how complex economic systems work and to acquire training in the methods of economics analysis that can be applied to a wide range of economics problems.

COURSE CONTENT - Part One: Microeconomics of Produce and Resource Markets

1 The Nature and Methods of Economics
2 The Economizing Problem
3 Understanding Individual Markets: Demand and Supply
20 Demand and Supply: Elasticities and Applications
21 Consumer Behavior and Utility Maximization
22 The Costs of Production
23 Pure Competition
24 Pure Monopoly
25 Monopolistic Competition & Oligopoly
26 Technology, R&D, and Efficiency
27 The Demand for Resources
28 Wage Determination
29 Rent, Interest and Profits
30 Government and Market Failure: Public Goods, Externalities, and Information Problems
        Part Two: Government and Current Economic Problems
31 Public Choice Theory and Taxation
32 Antitrust Policy and Regulation
33 Agriculture: Economics and Policy
34 Income Inequality and Poverty
35 The Economics of Health Care
36 Labor Market Issues: Unionism, Discrimination, Immigration
        Part Three: International Economics and the World Economy
37 International Trade
38 Exchange Rates, the Balance of Payments, and Trade Deficits
39 The Economics of Developed Countries
40 Transition Economies: Russia and China

METHOD OF INSTRUCTION - Reading assignments, lecture presentations, chapter exercises, quizzes, chapter tests

METHOD OF EVALUATION - Chapter tests 75%

Quizzes (unannounced) 10%

Attendance 5%

Paper/Presentation 10%

Please note, if you are unable to be in class the day of a test and you feel you have a valid excuse, it will be necessary to contact the instructor prior to the class period of the test, if the test is to be made up. There will be no make-ups for quizzes.