ECONOMIC CONCEPTSECON5023SUMMER 09SYLLABUSProfessor: Dr. Abdulhamid SukarPhone:581-2845E-mailAbduls@cameron.eduCourse Description:An integrated survey of both microeconomics and macroeconomics designed for graduate students who have not taken economics at undergraduate level. The course satisfies prerequisites for courses requiring Econ 2023 and Econ 2013.Required Text: N. Gregory Mankiw, Essentials of Economics, Fifth Edition, South-western/Thomson Learning, 2009.Course Objectives:To provide theoretical understanding of the concepts of macroeconomic phenomenon such as inflation, unemployment, and growth.To understand the basic concepts of different theories of business cycle.To evaluate government economic policy.To explore major aspects of microeconomic theory, the supply and demand, production, cost functions, market structure and resource pricing.To understand international transmission of business cycle.The course consists of :Slide presentationsPractice quizzesChapter synopsisQuizzes on the study materialExamsExamination and Grading Policy:The grades for this course will be based upon the results of six timed quizzes and two exams. All tests will be online. I will drop your lowest quiz. No make-up quiz will be given. Plan ahead to take the quizzes and exam on time and make sure your computer and Internet connection works well before you start your exam. There will be no excuse if you are locked out. The Mid-term exam and the final will be proctored and you need to provide the name and e-mail address of the person who will proctor your exam.Grading:Quizzes:30% Discussion5%Midterm30%Final35%Module I. IntroductionThis module covers key economic principles, the basis of trade, benefits of exchange, and two basic models: circular flow and production possibility curve.Ten Principles of EconomicsLearning ObjectivesSynopsisPPT slides CH 1AssignmentsEnd of chapter practice quizThinking Like Economist Learning ObjectivesSynopsis twoPPT slides CH2AssignmentsEnd of chapter practice quizInterdependence and the Gains from TradeLearning ObjectivesSynopsis PPT slides CH3AssignmentsEnd of chapter practice quizQuiz I June 5Module 2. Market analysis This module covers supply and demand, elasticity of demand and supply, and application.The Market Forces of Supply and DemandLearning ObjectivesSynopsisPPT slides CH Ch4AssignmentsElasticity of and its ApplicationLearning ObjectivesSynopsisPPT slide CH 5AssignmentEnd of chapter practice quizQuiz 2 June 12Module 3. FIRM BEHAVIOR AND THE ORGANIZATION OF INDUSTRYProduction function, cost function, and how production function relates to cost function are covered. The ideas of perfect competition, efficiency, and the implication of efficiency of resource allocation are also presented. The Costs of ProductionLearning objectivesSynopsisPPT CH 12AssignmentEnd of chapter practice quizFirms in Competitive MarketsLearning ObjectivesSynopsisPPT CH 13AssignmentEnd of chapter practice quizMonopolyLearning ObjectivesSynopsisPPT CH 14AssignmentEnd of chapter practice quiz.Quiz 3 June 19Mid-term Exam June 22MODULE 4 THE DATA OF MACROECONOMICSThis module discusses measurements of Gross Domestic Product, its components and weaknesses as a measure of welfare. Construction, uses and weaknesses of CPI and GDP deflator are also discussed. Measuring a Nation’s IncomeLearning ObjectivesSynopsisPPT CH 15AssignmentEnd of chapter practice quiz. Measuring the Cost of LivingLearning ObjectivesSynopsisPPT CH 16AssignmentEnd of chapter practice quiz.QUIZ 4 June 30MODULE 5. THE REAL ECONOMY IN THE LONG RUNThis module presents production, productivity, and sources of growth. The actual and natural rate of unemployment is also discussed.Production and GrowthLearning ObjectivesSynopsisPPT CH 17AssignmentEnd of chapter practice quiz.Saving, Investment, and the Financial SystemLearning ObjectivesSynopsisPPT CH 18AssignmentEnd of chapter practice quiz.20. Unemployment and Its natural Rate Learning Objectives SynopsisPPT CH 19AssignmentEnd of chapter practice quiz.QUIZ 5 July 10MODULE 6. MONEY, PRICES, AND SHORT-RUN ECONOMIC FLUCTUATIONIn this module the link between money and inflation is discussed. The effect of monetary and fiscal policy on output and employment and price is also presented using aggregate demand and aggregate supply. 21 The Monetary Systema. Learning ObjectivesSynopsisPPT CH 20AssignmentEnd of chapter practice quiz.Money Growth and InflationLearning ObjectivesSynopsisPPT CH 21AssignmentEnd of chapter practice quiz.Aggregate Demand and Aggregate SupplyLearning ObjectivesSynopsisPPT CH 22AssignmentEnd of chapter practice quiz.The Influence of Monetary and Fiscal Policy on Aggregate DemandLearning ObjectivesSynopsisPPT CH 23AssignmentEnd of chapter practice quiz.QUIZ 6 July 20Final Exam July 23Master of Business Administration by Cameron UniversityA. Sukarabduls22007-04-07T14:57:00Z2010-01-03T14:45:00Z2010-01-03T14:45:00Z057624349Microsoft Office Word03610falseTitle1Master of Business Administration by Cameron UniversityCameron Universityfalse5101false6946905005mailto:Abduls@cameron.edufalse12.0000