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ECON 210 COURSE NAME Principles of Economics SEMESTER 3 Course Language Course Level (Undergrad/Graduate) Meeting Time Course Faculty Member Course Assistants Contact Information : : English Undergraduate : : : : Wednesday from 14:40 to 17:30 Assist. Prof. Dr. Umut Unal Deniz Göktaş ([email protected]) [email protected] http://www.umutunal.net Classroom Office Hours : : MM 125 During the break time and/or after the lectures Course Objective Theory Application TOTAL CREDIT COURSE CODE HOUR COURSE INFORMATION FORM (SYLLABUS) 3 0 3 3 0 3 : This course emphasizes the conceptual tools to analyze the economic problems facing modern society and the models used for policy-making decisions. Taking this course will allow you to become knowledgeable of and able to critically think about microeconomics and macroeconomics. Furthermore, you will also be able to demonstrate the difference between major macroeconomic and microeconomic issues. There are two parts of the course: microeconomics and macroeconomics. The first part, microeconomics, is about the consumers' and individual firms' decisions, how they determine the market price, how they interact looks at the economy as a whole. The second part, whereas, looks at the economy as a whole. Understanding the main concepts such as unemployment, recessions, inflation, monetary policy, fiscal policy, budget deficits and surpluses, will be the main goal of this part. : Case, E. Karl, Fair, C. Ray and Oster, M. Sharon, Principles of Economics. 11th Edition. Pearson. SOURCES Required Text GRADING PERCENTAGE of GRADE Mid-Term Final TOTAL 50% 50% 100% COURSE CONTENT (Tentative) 1. 2. 3. 4. 5. 6. The Scope and Method of Economics The Economic Problem: Scarcity and Choice Demand, Supply and Market Equilibrium Demand and Supply Applications Elasticity Household Behavior and Consumer Choice Midterm 7. 8. 9. 10. 11. 12. Introduction to Macroeconomics Measuring National Output and National Income Unemployment, Inflation, and Long-Run Growth The Government and Fiscal Policy The Money Supply and the Federal Reserve System Money Demand and the Equilibrium Interest Rate* *If time permits COURSE POLICY Regular attendance of classes is strongly recommended. I might make some changes in exam and quiz dates and material, etc. If you somehow miss a class, it is your responsibility to know about such inclass happenings. I will never respond to the emails asking about the chapters you are responsible in the exam! It is also your responsibility to check out my website (aforementioned above) to be able to keep up with the latest happenings, and to follow-up homeworks, grades and etc. When you send me an email, please include ECON 210 in the subject line. If you contact me via email, you can expect me to respond within 24 hours not in 5 minutes. Please keep in mind that I will never respond to a question via email if the answer is already in the syllabus. GRADES ARE NOT NEGOTIABLE. Do not contact me after the final semester grades have been posted asking me to change your grade for any reason. [Of course, if you believe your grade was posted erroneously by all means DO contact me.] Please turn your cell phones and other electronic devices off prior to entering the classroom. No books, notes, problem sets, cell phones, Blackberries, laptop computers, nor any other materials may be consulted during exams. You must also bring your Student ID to the exam. If you forget to bubble your name or ID number on the exam scantron, you will definitely get zero for that exam (This issue is completely technical). Use pencil in the exams! No late make-ups will be given. A legitimate excuse will be needed to qualify for an early make-up. A student who misses an exam or quiz due to an emergency should submit written documentation about the emergency to qualify for a ‘no-grade’ (no-grade means that that particular test or quiz is not counted in the calculation of the course grade). A business related absence does not qualify for a ‘nograde’. UNIVERSITY HONOR CODE Cheating and attempted cheating, plagiarism, lying, and stealing of academic work and related materials constitute Honor Code violations, and will not be tolerated in this class. Cases of academic dishonesty will be pursued according to the guidelines detailed in the Middle East Technical University regulations. These policies include, though are not limited to, METU’s policies regarding to disability, plagiarism