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Sirindhorn International Institute of Technology Thammasat University, Rangsit Campus Department of Common and Graduate Studies EC 210 Introductory Economics Semester 2/2011 Lecturers: Sections Dr. Kriengkrai Techakanont (Sec2) Dr. Alice Sharp (Sec1) 1 2 Tuesday Wednesday 13.30 - 17.20 Room RS 502 08.40 - 12.30 Room RS 502 Main Text: 1. Mankiw, N.Gregory, Principles of Economics, 5th edition, 2008. Other Substitution Texts: 1. Lipsey, Richard G. and Paul N. Courant, Economics, 11th edition 1996. 2. Samuelson, P.A. and Nordhaus W.D., Economics, 16th edition, 1998. Basis for Evaluation: The final grade will be based on the following students’ performance; 1. Midterm Examination 40% 2. Final Examination 40% 3. Homework 20% Class Policy: 1. All students are required to come to lecture class on-time, dress properly, and turn off any communication devices. Improper behaviors may result in dismissal of the student(s) from class. 2. Cheating on assignments or exam results in a severe penalty. Tentative Schedule: Below are outlines for each topic. The number of chapter is referred to the chapter in Mankiw’s textbook. Other editions or textbooks can also be used by referring to the similar topics in those texts. 2 Week 1 Date 10 Jan 11 Jan 2 17 Jan 18 Jan 3 24 Jan 25 Jan 4 31 Jan 1 Feb 5 7 Feb 6 7 8 9 10 11 12 8 Feb Topic Chapters Introduction - Ten Principles of Economics - Thinking Like an Economist Ch. 1-2 How Markets Work (1) - Market Forces of Supply and Demand Ch. 4-6 - Elasticity and Its Application How Markets Work (2) - Elasticity and Its Application Ch. 4-6 - Supply & Demand, and Government Policies Markets and Welfare - Consumers, Producers, and the Efficiency of Markets Ch. 7-8 - The Costs of Taxations Ch. 13 -15 Firm Behaviour and the Organisation of Industry (1) -The Cost of Production Firm Behaviour and the Organisation of Industry (2) -Firms in Competitive Market Structure - Monopoly Midterm Exam Date & Time: TBA The Data of Macroeconomics 28 Feb 29 Feb - Measuring a Nation’s Income - Measuring the Cost of Living The Real Economy in the Long Run (1) 7* 6 Mar - Production and Growth Mar - Saving, Investment, and the Financial System The Real Economy in the Long Run (2) - Unemployment 13 Mar 14 Mar Money and Prices in the Long Run -The Monetary System -Money Growth and Inflation The Macroeconomics of Open Economies (1) 20 Mar 21 Mar - Open-Economy Macroeconomics: Basic Concepts - A Macroeconomics Theory of the Open Economy Short-Run Economic Fluctuations 27 28 - Aggregate Demand and Aggregate Supply Mar Mar - The Influence of Monetary and Fiscal Policy on Aggregate Demand Final Exam Date & Time: TBA 14 Feb 15 Feb Ch. 13 -15 Ch. 23-24 Ch. 25 -26 Ch. 28-30 Ch. 31-32 Ch. 33-34