AS/ECON 1000 D,E /1010 P,Q 1 Department of Economics Faculty of Arts ECONOMICS AS/ECON 1000 D,E / 1010 P,Q Introduction to Micro / Macroeconomics Fall 2012 / Winter 2013 T, R, 2:30 4 ; ACE 102 Instructor: George J. Georgopoulos Office: 1080 Vari Hall Phone: 416 736 2100 ext.30108 Office Hours: Tuesdays 1:30 2:30, just after class, or by appointment Email: georgop@yorku.ca (only for non course material correspondence) INTRODUCTION "The Theory of Economics does not furnish a body of settled conclusions immediately applicable to policy. It is a method rather than a doctrine, an apparatus of the mind, a technique of thinking which helps its possessor to draw correct conclusions." John Maynard Keynes The ECON 1000/1010 courses present a general overview of the subject matter of economics. The fall term will focus on microeconomics the study of economics from the point of view of the individual consumer and the individual firm. The winter term will address macroeconomics issues, taking the perspective of the economy as a whole. REQUIRED COURSE MATERIALS Economics: Canada in the Global Environment, 8th edition, by M. Parkin and R. Bade (Pearson, 2012), [referred to as P/B in the assignments]. Study Guide (to accompany Economics), 8th edition, by A. Cohen and H. King, (Pearson, 2012). MyEconLab (Pearson 2012) CourseID: georgopoulos90368 A bundled Economics Textbook/Study Guide/MyEconLab package is available in the York bookstore. This includes both microeconomics and macroeconomics, and is all you need for both ECON1000 and 1010. MyEconLab is required for graded quizzes, so used textbooks are not likely to save you money, because you will also have to purchase a license for MyEconLab. If you are planning on only taking ECON 1000 (microeconomics only), you may purchase a bundled Microeconomics Textbook/Study Guide/MyEconLab package in the York bookstore. NOTE: You must use your own name and your own account to do required quizzes in MyEconLab. Otherwise you will receive a mark of zero for quizzes. MOODLE Course Lecture notes and any additional required readings will be posted on the Moodle course website. The link for econ1000 (for both sections D and E) to the course website is: https://moodle.yorku.ca/moodle/course/view.php?id=8318
AS/ECON 1000 D,E /1010 P,Q 2 ASSESSMENT The composition of the final grade is as follows: 1000 Fall 2012 Online Quizzes 15% Throughout the term Test #1 15% Thurs, October 11, 2012, 2:30pm Test #2 15% Tues, Nov 13, 2012, 2:30pm Final Exam 55% TBC / exam period 1010 Winter 2013 Online Quizzes 15% Throughout the term Test #1 15% Tues. February 5, 2013, 2:30pm Test #2 15% Tues. March 12, 2013, 2:30pm Final Exam 55% TBC / exam period You are responsible for all material covered in lectures and all assigned pages in the textbook. COURSE WORK While tests and the final exam must be taken in person, it is your choice whether to attend the lectures in class or online. There will be 3 in class lecture hours per week. Lecture notes (in the form of PowerPoint slides) will be available at least 24 hours in advance of class on the course website. You should print out a copy of the lecture notes and bring them to class, as the pace of lectures will presume you have the notes in front of you. All lecture content will be captured digitally (including PowerPoint, audio, document camera) and made available on the Moodle course website within one day of the lecture. The in class tests and final exams consist of multiple choice (MC) questions only. In addition, students should answer the assigned questions in each Study Guide chapter (you may skip all True/False questions) corresponding to the chapters in the Parkin/Bade textbook. These will not be graded and will not directly affect your grade. However, the importance of doing the Study Guide questions cannot be overemphasized. One of the dangers of a course where you do not have to physically attend lectures, is that without the discipline of coming to class, you may fall behind. In Economics, in particular, that is a recipe for disaster, as last minute cramming does not work. The failure rate on the first term test is typically 25% or higher, because students do not take this advice. To help prevent this outcome, I will have online quizzes throughout the term (worth 15% of your final course grade) that must be completed by specific dates. Quizzes and other online study aides will be delivered through MyEconLab. Read the Study Guide's "Introduction" for advice on studying if you want to increase your chances of earning a higher grade. I consider my job to be helping you succeed in doing well in the course. However, that will take a serious commitment from you. ECON 1000 is a difficult course with high drop/failure rates. To do well, you should expect to spend at least 2 hours studying outside the classroom for every hour of lecture. That means a minimum of 5 hours per week studying for this course alone. If you are taking 5 courses and working 20 hours a week or more, experience shows you are likely to fail this course. Make sure you have time to do well. Tests and exams do not focus on recall of information, but on application of concepts to different situations. That is also why working practice problems in the Study Guide and using MyEconLab are so important. Compared to some other sections of the course, I tend to cover more chapters in the textbook and many students report that they work harder in my sections. I make no apology you will learn more for the same tuition dollars than will students in those other sections. If that does not appeal to you, consider switching to another section.
AS/ECON 1000 D,E /1010 P,Q 3 LECTURE / TEST RULES AND ACADEMIC HONESTY Please silence all cell phones and pages before entering the lecture hall. Students using notebook/netbook/tablet computers will be required to sit in designated areas. For tests and exams, programmable calculators, digital dictionaries, cell phones, or any electronic devices are not allowed. Non programmable calculators are allowed. All such devices as well as all books, papers, knapsacks, and briefcases must be left at the front or sides of the lecture hall. Anyone caught with electronic devices will be charged with Academic Dishonesty. The only items you may have at your seat are pens, pencils, student ID, purses and coats. Cheating and plagiarism are serious offences, with severe penalties. All students should go to the Academic Integrity web site (http://www.yorku.ca/acadinte/students/index.html), to read the Senate Policy on Academic Honesty, and to complete the Academic Integrity Tutorial (http://www.yorku.ca/tutorial/academic_integrity/). MAKE UP POLICY No permission is ever given to a student to write a test or exam in advance of its scheduled date. A student who misses a test will be allowed to write a make up test only if both of the following conditions are met: 1) the student notifies me that the test will be missed or has been missed; 2) the student provides a completed Registrar's Office Attending Physician's Statement showing a physical incapability of writing the test. Any other forms of doctor's note, especially one stating simply that "The student was seen in my office" are not acceptable. Students who miss a test and do not meet both conditions will receive a grade of zero. Students who miss either term test and meet both of the conditions above, can write the make up test which is held during class time, one week after Test 2 (for AS/ECON 1000, Tuesday, November 20, 2012, 2:30 pm; for AS/ECON 1010, Tuesday, March 19, 2013, 2:30 pm). There is only one comprehensive make up test each term, covering the material in both Tests 1 and 2. You must be available at these (class) times to write a make up test. No other times will be scheduled. Students who miss the final exam will only be allowed to write a deferred exam if they complete the Deferred Standing Agreement Form and provide a completed Registrar's Office Attending Physician's Statement. Make up tests and deferred exams are only for students who missed the original test or exam. No student is ever allowed to write a make up test or deferred exam in order to improve a score from the original test/exam. To ensure that all students are familiar with these rules, you must complete "Quiz Zero" within MyEconLab. You will not be able to access the lecture notes or receive Test marks until you complete Quiz Zero with a perfect score.
AS/ECON 1000 D,E /1010 P,Q 4 IMPORTANT DATES September 19, 2012 Last date to enrol in AS/ECON 1000 without the permission of the instructor October 2, 2012 Last date to enrol in AS/ECON 1000 with the permission of the instructor 2 November 09, 2012 Last date to drop AS/ECON 1000 without receiving a grade January 21, 2013 February 4, 2013 March 15, 2013 Last date to enrol in AS/ECON 1010 without the permission of the instructor Last date to enrol in AS/ECON 1010 with the permission of the instructor Last date to drop AS/ECON 1010 without receiving a grade If you fail the first term test in either course, and cannot significantly increase the time you spend studying Economics, it may be in your best interest to drop the course before the deadline for not receiving a grade. RELIGIOUS OBSERVANCE POLICY York University is committed to respecting the religious beliefs and practices of all members of the community, and making accommodations for observances of special significance to adherents. Should any of the dates specified for in class tests or examinations pose such a conflict for you, you are responsible for contacting me at least 2 weeks in advance to arrange an alternative date or time for a final exam scheduled in the formal examination periods (December and April), students must complete an Examination Accommodation Form (http://www.registrar.yorku.ca/pdf/exam_accommodation.pdf). TA OFFICE HOURS Teaching assistants will be available in Vari Hall to answer questions about course material and Study Guide questions. The TA office hours and locations will be announced in lecture and posted on the website. The best way to get questions answered by TAs is to post them to the Moodle discussion forum (see below). TECHNOLOGY Even if you attend every lecture in person, to take this course you must have access to a computer and the web. You will need to log on at least every other day, and ideally, every day. The two major technologies used are the Moodle Course Management System and MyEconLab for quizzes. MyEconLab Quizzes will be available for at least one week. You will have 3 attempts at each quiz and only your best attempt will count towards your grade. The due dates for each quiz are firm, and will not be extended under any circumstances. Instructions on getting started in MyEconLab are posted on Moodle and on the publisher website www.myeconlab.com. You are responsible for getting yourself registered in time to meet deadlines. Let s GO! If you don't learn a lot of Economics, or find this course interesting or enjoyable, then I'm not doing my job. I love teaching this course, and consider it my responsibility to help you to do well. Learning Economics means working hard, and this course will be hard work. But if you are willing to put in the time, I will do everything I can to help you succeed. If you have questions in lecture, ask them. If you have suggestions for improving the course, please let me know. What you will get out of this course, as what you will get out of your University experience in general, depends entirely on what you put into it.
AS/ECON 1000 D,E /1010 P,Q 5 LECTURE SCHEDULE: Introduction to Microeconomics AS/ECON1000 3.0 D,E Fall 2012 Week of: Topic Reading Assignment Suggested Homework MyEconLab (MEL) Study Guide (S/G) September 6 Administrative Intro Course Outline September 11 What is Economics? Theory, History, Measurement, Policy P/B Chapter 1, Ch. 1 Appendix, Math Note, MEL Study Plan Ch 1 S/G Ch. 1 September 18 September 25 The Emergence of the Market Economy: The Economic Problem Overview NeoClassical Economic Theory: Demand and Supply P/B Ch.2 MEL Study Plan Ch 2 S/G Ch. 2 P/B Ch.3 MEL Study Plan Ch 3 S/G Ch. 3 October 2 nd Elasticity P/B Ch.4 MEL Study Plan Ch 4 S/G Ch. 4 October 16 Test 1 Thursday 11 October 2012 2:30 4:00pm Efficiency & Equity: Markets in Action P/B Ch. 5 & 6 MEL Study Plan Ch 5+6 S/G Ch. 5+6 October 23 Utility & Demand P/B Ch. 8 MEL Study Plan Ch 8 S/G Ch. 8 October 30 November 6 Possibilities, Preferences and Choices Organizing Production: Output & Costs P/B Ch. 9 MEL Study Plan Ch 9 S/G Ch. 9 P/B Ch. 10 & 11 MEL Study Plan Ch 10+11 S/G Ch. 10+11 Test 2 Tuesday 13 November 2012 2:30 4:00pm November 15 Perfect Competition P/B Ch. 12 MEL Study Plan Ch 12 S/G Ch. 12 November 20 Monopoly: Monopolistic Competition P/B Ch. 13 & 14 MEL Study Plan Ch 13+14 S/G Ch 13+14 November 27 Externalities; Public Goods and Common Resources P/B Ch. 16 & 17 MEL Study Plan Ch 16+17 S/G Ch 16+17 Final Exam Exam Period
AS/ECON 1000 D,E /1010 P,Q 6 LECTURE SCHEDULE: Introduction to Macroeconomics AS/ECON1010 3.0 P,Q Winter 2013 Week of: Topic Reading Assignment Suggested Homework MyEconLab (MEL) Study Guide (S/G) January 8 Measuring GDP & Economic Growth P/B Ch.20 MEL Study Plan Ch 20 S/G Ch. 20 January 15 Monitoring Jobs & Inflation P/B Ch.21 MEL Study Plan Ch 21 S/G Ch. 21 January 22 January 29 Aggregate Supply and Aggregate Demand Expenditure Multipliers: The Keynesian Model P/B Ch.26 MEL Study Plan Ch 26 S/G Ch. 26 P/B Ch.27 MEL Study Plan Ch 27 S/G Ch. 27 February 7 Test 1 Tuesday 5 February 2013 2:30 4:00pm Money, The Price Level & Inflation P/B Ch.24 MEL Study Plan Ch 24 S/G Ch. 24 February 12 February 26 The Exchange Rate + Balance of Payments Canadian Inflation, Unemployment & Business Cycle P/B Ch.25 MEL Study Plan Ch 25 S/G Ch. 25 P/B Ch.28 MEL Study Plan Ch 28 S/G Ch. 28 March 5 Fiscal Policy P/B Ch.29 MEL Study Plan Ch 29 S/G Ch. 29 Test 2 Tuesday 12 March, 2013 2:30 4:00pm March 14 Monetary Policy P/B Ch.30 MEL Study Plan Ch 30 S/G Ch. 30 March 19 Financial Markets P/B Ch.23 MEL Study Plan Ch 23 S/G Ch. 23 March 26 US and Euro Financial Crisis Portal Notes April 2 nd US and Euro Financial Crisis Portal Notes Final Exam Exam Period
Registrar's Office Attending Physician's Statement Note: It is extremely important to fully complete this form in order for your petition to be given full consideration. Section I - TO BE COMPLETED BY THE STUDENT. Return completed form to Student Client Services, Bennett Centre for Student Services, with your petition. Please Print Physician's Name Physician Information Patient's Name (if other than Student) Student Information Street Address Student's Name City Province Postal Code Student Number Telephone Number Faculty Fax Number Personal health information on this form is collected under the authority of The York University Act, 1965. It is related directly to and needed to support your academic petition to York University. Pursuant to S. 29 of PHIPA (Personal Health Information Protection Act), I (the undersigned student or patient) authorize and consent to the physician named on this form to disclose to the York University faculty and administrative staff authorized to administer and consider academic petitions such personal health information as is necessary or as may be reasonably required by York University to support my academic petition. I understand that York University will maintain and store this information in such a manner as to protect its confidentiality. Signature of Student/Patient (if other than Student) Date Section II - TO BE COMPLETED BY THE ATTENDING PHYSICIAN. The above named student, who is registered at York University, has petitioned for special consideration on medical grounds. The student or patient related to the student is authorizing you, the attending physician, to release the information requested below. Please retain a copy of this form for your files as your office may be contacted to verify that this statement was completed by the attending physician. The original form must be returned to the student for submission with the petition. Please Print 1. Date you received this form: 2. Consultation Date(s): 3. Dates of illness/accident: Start: End: PLEASE TURN OVER Attending Physician's Statement, July 2008
4. Summary of Nature of illness/accident: 5. Do you think the illness/accident and/or treatment prescribed would have seriously affected the student's ability to study and perform? (circle one) Yes or No 6. If yes: a) In what way? b) During what period of time? 7. When will the student be able to resume his/her studies? 8. Do you have any further comments regarding this patient's condition as it relates to the student's petition? Physician's Signature Physician's Stamp Date For Office Use Only Verified By: Date: If you have any questions about the collection, use or disclosure of personal information by York University, please contact the Manager, Student Client Services, W120 Bennett Centre for Student Services, York University, 4700 Keele Street, Toronto ON, M3J 1P3, 416-872-9675. Attending Physician's Statement, July 2008