Department of Economics
ECON 2301
Principles of Macroeconomics
Name: Prof.
Livingstone Kumassah
Course Name: Econ 2301, Principles of Macroeconomics.
Synonym: 40195
Class Time:M.W.7:45am – 9:00am .
Office #: NRG 2131
Office
Phone # 512-223-4766
Fax # 512-223-4310
ACC
email address: stone@austincc.edu
Office
Hours: MW 7:30 – 7:45 a.m. & 9:00
– 9:15 a.m.. or By Appointment
Course
Description-
Principles of Macroeconomics deals with
consumers as a whole, producers as a
whole, the effects of government spending and taxation
policies and the effects of
the monetary policy carried out by the Federal Reserve
Bank. Macroeconomics is
concerned with unemployment, inflation, and the business cycle.
Required
Materials
Textbook: Principles of Macroeconomics (5th
Ed) ISBN 978-0-324-58999-3.
Gregory Mankiw.
Study Guide: Principles of Macroeconomics
(ISBN 978-0-324-59122-4
.David R. Hakes
Instructional
Methodology
The instructional methodology include
lectures (to explain the main concepts
and principles you read before coming to class) peer
teaching (to reinforce your
understanding of the lectures) video clips (to give examples of
economic
principles at work in daily life.
Course
Rationale
This course is meant to give students insight into the
dynamics of our national
economy. The knowledge gained in the course will make
students better informed
citizens and allow them to follow the debates over national
economic policy
reported in the news media. This course is also a foundation
course that will
prepare students to be successful in upper division finance,
marketing, business
administration, economics, government, and social work courses
Common
Course Objectives/Student Outcomes
Students who complete this course will be able to
understand:
·
the meaning of
unemployment and inflation data and how that data is collected and computed;
·
the meaning and
components of the National Income Accounts, especially GDP;
·
the meaning of
the business cycle and its phases;
·
and to manipulate
the basic Aggregate Supply, Aggregate Demand model of the macro economy;
·
how fiscal policy
operates, its tools, and its advantages and drawbacks;
·
how a fractional
reserve banking system works;
·
how monetary policy operates, its tools, and its
advantages and drawbacks.
Course
Evaluation/Grading System-
There will be three tests during the
semester. In addition, homework assignments
and quizzes will be given. The purpose of the quizzes is
to help you comprehend
and master the important concepts, terms and principles
to be discussed in class
whereas the purpose of the homework is to provide you with
the opportunity to
review, retain, recall and apply the materials covered so as
to prepare you for the
tests. THERE WILL
BE NO MAKE-UP QUIZZES OR TESTS.
LATE
HOMEWORK ASSIGNEMENT WILL NOT BE ACCEPTED.
Grading
Quizzes 10%
Homework 15%
Tests 75%
Grading
System
A 90 - 100
B 80 - 89
C 70 – 79
D 60 - 69
F Below 60
Attendance
Policy: Attendance is required. If
you do not plan to attend lectures
regularly, you are advised to withdraw.
Withdrawal
Policy: You bear the sole
responsibility for your withdrawal from the course just as you did when you
registered. The last day to withdraw is Monday
November 23, 2009.
Scholastic
Dishonesty:
Acts prohibited by the college for
which discipline may be administered include scholastic dishonesty, including
but not limited to cheating on an exam or quiz, plagiarizing, and unauthorized
collaboration with another in preparing outside work. Academic work submitted
by students shall be the result of their thought, research or self-expression.
Academic work is defined as, but not limited to tests, quizzes, whether taken
electronically or on paper; projects, either individual or group; classroom
presentations, and homework.
Students
with disabilities:
Each ACC campus offers support
services for students with documented physical or psychological disabilities.
Students with disabilities must request reasonable accommodations through the
Office for Students with Disabilities on the campus where they expect to take
the majority of their classes. Students are encouraged to do this
three weeks before the start of the semester.
Course
Outline & Calendar
a)
Measurement of
National Output/Income
b)
Measurement of
Cost of Living
c)
Production and
Growth
d)
Unemployment and
Its Natural Rate
Quizzes: ( To be announced)
Homework:(To be announced)
Test
I: Wed Sept 23, 2009
Quizzes: (To be announced)
Homework: (to be announced)
a)
Aggregate Demand
and Supply
b)
The Influence of
Monetary and Fiscal Policy on Aggregate Demand
c)
Short run Trade
off Between Inflation and Unemployment
d)
Open Economy
Quizzes: To be announced)
Homework: (to be announced)
Department of Economics
ECON 2301
Principles of Macroeconomics
Name: Prof.
Livingstone Kumassah
Course Name: Econ 2301, Principles of Macroeconomics.
Synonym: 40188
Class Time:M.W.1:25pm – 2:40pm .
Office #: NRG 2131
Office
Phone # 512-223-4766
Fax # 512-223-4310
ACC
email address: stone@austincc.edu
Office
Hours: MW 1:00 – 1:15 p.m. & 2:45
– 3:00 p.m.. or By Appointment
Course
Description-
Principles of Macroeconomics deals with
consumers as a whole, producers as a
whole, the effects of government spending and
taxation policies and the effects of
the monetary policy carried out by the
Federal Reserve Bank. Macroeconomics is
concerned with unemployment, inflation, and
the business cycle.
Required
Materials
Textbook: Principles of Macroeconomics (5th
Ed) ISBN 978-0-324-58999-3.
Gregory Mankiw.
Study Guide: Principles of Macroeconomics
(ISBN 978-0-324-59122-4
.David R. Hakes
Instructional
Methodology
The instructional methodology include
lectures (to explain the main concepts
and principles you read before coming to
class) peer teaching (to reinforce your
understanding of the lectures) video clips
(to give examples of economic
principles at work in daily life.
Course
Rationale
This course is meant to give students insight into the
dynamics of our national
economy. The knowledge gained in the course will make
students better informed
citizens and allow them to follow the debates over
national economic policy
reported in the news media. This course is also a
foundation course that will
prepare students to be successful in upper division
finance, marketing, business
administration, economics, government, and social work
courses
Common
Course Objectives/Student Outcomes
Students who complete this course will be able to
understand:
·
the meaning of
unemployment and inflation data and how that data is collected and computed;
·
the meaning and
components of the National Income Accounts, especially GDP;
·
the meaning of
the business cycle and its phases;
·
and to manipulate
the basic Aggregate Supply, Aggregate Demand model of the macro economy;
·
how fiscal policy
operates, its tools, and its advantages and drawbacks;
·
how a fractional
reserve banking system works;
·
how monetary
policy operates, its tools, and its advantages and drawbacks.
Course
Evaluation/Grading System-
There will be three tests during the
semester. In addition, homework assignments
and quizzes will be given. The purpose of the
quizzes is to help you comprehend
and master the important concepts, terms and
principles to be discussed in class
whereas the purpose of the homework is to
provide you with the opportunity to
review, retain, recall and apply the
materials covered so as to prepare you for the
tests.
THERE WILL BE NO MAKE-UP QUIZZES OR TESTS.
LATE
HOMEWORK ASSIGNEMENT WILL NOT BE ACCEPTED.
Grading
Quizzes 10%
Homework 15%
Tests 75%
Grading
System
A 90 - 100
B 80 - 89
C 70 – 79
D 60 - 69
F Below 60
Attendance
Policy: Attendance is required. If
you do not plan to attend lectures
regularly, you are advised to withdraw.
Withdrawal
Policy: You bear the sole
responsibility for your withdrawal from the course just as you did when you
registered. The last day to withdraw is Monday
November 23, 2009.
Scholastic
Dishonesty:
Acts prohibited by the college for
which discipline may be administered include scholastic dishonesty, including
but not limited to cheating on an exam or quiz, plagiarizing, and unauthorized
collaboration with another in preparing outside work. Academic work submitted
by students shall be the result of their thought, research or self-expression.
Academic work is defined as, but not limited to tests, quizzes, whether taken
electronically or on paper; projects, either individual or group; classroom
presentations, and homework.
Students
with disabilities:
Each ACC campus offers support
services for students with documented physical or psychological disabilities.
Students with disabilities must request reasonable accommodations through the
Office for Students with Disabilities on the campus where they expect to take
the majority of their classes. Students are encouraged to do this three weeks
before the start of the semester.
Course
Outline & Calendar
a) Measurement
of National Output/Income
b) Measurement
of Cost of Living
c) Production
and Growth
d) Unemployment
and Its Natural Rate
Quizzes: ( To be announced)
Homework:(To be announced)
Test
I: Wed Sept 23, 2009
Quizzes: (To be announced)
Homework: (to be announced)
a). Aggregate
Demand and Supply
b). The
Influence of Monetary and Fiscal Policy on Aggregate Demand
c). Short
run Trade off Between Inflation and Unemployment
d). Open
Economy
Quizzes: To be announced)
Homework: (to be announced)
Department of Economics
ECON 2301
Principles of Macroeconomics
Name: Prof.
Livingstone Kumassah
Course Name: Econ 2301, Principles of Macroeconomics.
Synonym: 40196
Class Time: MW. 4:15 – 5:30 p.m.
Office #: NRG 2131
Office
Phone # 512-223-4766
Fax # 512-223-4310
ACC
email address: stone@austincc.edu
Office
Hours: MW 3:50 – 4:05 p.m. or
By Appointment
Course
Description-
Principles of Macroeconomics deals with
consumers as a whole, producers as a
whole, the effects of government spending and
taxation policies and the effects of
the monetary policy carried out by the
Federal Reserve Bank. Macroeconomics is
concerned with unemployment, inflation, and
the business cycle.
Required
Materials
Textbook: Principles of Macroeconomics (5th
Ed) ISBN 978-0-324-58999-3.
Gregory Mankiw.
Study Guide: Principles of Macroeconomics
(ISBN 978-0-324-59122-4
.David R. Hakes
Instructional
Methodology
The instructional methodology include
lectures (to explain the main concepts
and principles you read before coming to
class) peer teaching (to reinforce your
understanding of the lectures) video clips
(to give examples of economic
principles at work in daily life.
Course
Rationale
This course is meant to give students insight into the
dynamics of our national
economy. The knowledge gained in the course will make
students better informed
citizens and allow them to follow the debates over
national economic policy
reported in the news media. This course is also a
foundation course that will
prepare students to be successful in upper division
finance, marketing, business
administration, economics, government, and social work
courses
Common
Course Objectives/Student Outcomes
Students who complete this course will be able to
understand:
·
the meaning of
unemployment and inflation data and how that data is collected and computed;
·
the meaning and
components of the National Income Accounts, especially GDP;
·
the meaning of
the business cycle and its phases;
·
and to manipulate
the basic Aggregate Supply, Aggregate Demand model of the macro economy;
·
how fiscal policy
operates, its tools, and its advantages and drawbacks;
·
how a fractional
reserve banking system works;
·
how monetary
policy operates, its tools, and its advantages and drawbacks.
Course
Evaluation/Grading System-
There will be three tests during the
semester. In addition, homework assignments
and quizzes will be given. The purpose of the
quizzes is to help you comprehend
and master the important concepts, terms and
principles to be discussed in class
whereas the purpose of the homework is to
provide you with the opportunity to
review, retain, recall and apply the
materials covered so as to prepare you for the
tests.
THERE WILL BE NO MAKE-UP QUIZZES OR TESTS.
LATE
HOMEWORK ASSIGNEMENT WILL NOT BE ACCEPTED.
Grading
Quizzes 10%
Homework 15%
Tests 75%
Grading
System
A 90 - 100
B 80 - 89
C 70 – 79
D 60 - 69
F Below 60
Attendance
Policy: Attendance is required. If
you do not plan to attend lectures
regularly, you are advised to withdraw.
Withdrawal Policy: You bear the sole responsibility for your withdrawal
from the course just as you did when you registered. The last day to withdraw
is
Monday
November 23, 2009.
Scholastic
Dishonesty:
Acts prohibited by the college for
which discipline may be administered include scholastic dishonesty, including
but not limited to cheating on an exam or quiz, plagiarizing, and unauthorized
collaboration with another in preparing outside work. Academic work submitted
by students shall be the result of their thought, research or self-expression.
Academic work is defined as, but not limited to tests, quizzes, whether taken
electronically or on paper; projects, either individual or group; classroom
presentations, and homework.
Students
with disabilities:
Each ACC campus offers support
services for students with documented physical or psychological disabilities.
Students with disabilities must request reasonable accommodations through the
Office for Students with Disabilities on the campus where they expect to take the
majority of their classes. Students are encouraged to do this three weeks
before the start of the semester.
Course
Outline & Calendar
a)
Measurement of
National Output/ Income
b)
Measurement of
Cost of Living
c)
Production and
Growth
d)
Unemployment
Quizzes: ( To be announced)
Homework:(To be announced)
Test
I: Wed Sept 23, 2009
b)
The Basic Tools
of Finance
c)
The Monetary
System
d)
Inflation. Its
causes and costs
Quizzes: (To be announced)
Homework: (to be announced)
a)
Aggregate Demand
and Supply
b)
The Influence of
Monetary and Fiscal Policy on Aggregate Demand
c)
Short run Trade
off Between Inflation and Unemployment
d)
Open Economy
Quizzes: To be announced)
Homework: (to be announced)
Department of Economics
ECON 2301
Principles of Macroeconomics
Name: Prof.
Livingstone Kumassah
Course Name: Econ 2301, Principles of Macroeconomics.
Synonym: 40190
Class Time .F 9:00 a.m – 11:40 a.m.
Office #: NRG 2131
Office
Phone # 512-223-4766
Fax # 512-223-4310
ACC
email address: stone@austincc.edu
Office
Hours: F 8:30 – 9:00 a.m. & 1I:45 – 12:15 p.m..
or By
Appointment.
Course
Description-
Principles of Macroeconomics deals with
consumers as a whole, producers as a
whole, the effects of government spending and
taxation policies and the effects of
the monetary policy carried out by the
Federal Reserve Bank. Macroeconomics is
concerned with unemployment, inflation, and
the business cycle.
Required
Materials
Textbook: Principles of Macroeconomics (5th
Ed) ISBN 978-0-324-58999-3.
Gregory Mankiw.
Study Guide: Principles of Macroeconomics
(ISBN 978-0-324-59122-4
.David R. Hakes
Instructional
Methodology
The instructional methodology include
lectures (to explain the main concepts
and principles you read before coming to
class) peer teaching (to reinforce your
understanding of the lectures) video clips
(to give examples of economic
principles at work in daily life.
Course
Rationale
This course is meant to give students insight into the
dynamics of our national
economy. The knowledge gained in the course will make
students better informed
citizens and allow them to follow the debates over
national economic policy
reported in the news media. This course is also a
foundation course that will
prepare students to be successful in upper division
finance, marketing, business
administration, economics, government, and social work
courses
Common
Course Objectives/Student Outcomes
Students who complete this course will be able to
understand:
·
the meaning of
unemployment and inflation data and how that data is collected and computed;
·
the meaning and
components of the National Income Accounts, especially GDP;
·
the meaning of
the business cycle and its phases;
·
and to manipulate
the basic Aggregate Supply, Aggregate Demand model of the macro economy;
·
how fiscal policy
operates, its tools, and its advantages and drawbacks;
·
how a fractional
reserve banking system works;
·
how monetary
policy operates, its tools, and its advantages and drawbacks.
Course
Evaluation/Grading System-
There will be three tests during the
semester. In addition, homework assignments
and quizzes will be given. The purpose of the
quizzes is to help you comprehend
and master the important concepts, terms and
principles to be discussed in class
whereas the purpose of the homework is to
provide you with the opportunity to
review, retain, recall and apply the materials
covered so as to prepare you for the
tests.
THERE WILL BE NO MAKE-UP QUIZZES OR TESTS.
LATE
HOMEWORK ASSIGNEMENT WILL NOT BE ACCEPTED.
Grading
Quizzes 10%
Homework 15%
Tests 75%
Grading
System
A 90 - 100
B 80 - 89
C 70 – 79
D 60 - 69
F Below 60
Attendance
Policy: Attendance is required. If
you do not plan to attend lectures
regularly, you are advised to withdraw.
Withdrawal
Policy: You bear the sole
responsibility for your withdrawal from the course just as you did when you
registered. The last day to withdraw is Monday
November 23, 2009.
Scholastic
Dishonesty:
Acts prohibited by the college for
which discipline may be administered include scholastic dishonesty, including
but not limited to cheating on an exam or quiz, plagiarizing, and unauthorized
collaboration with another in preparing outside work. Academic work submitted
by students shall be the result of their thought, research or self-expression.
Academic work is defined as, but not limited to tests, quizzes, whether taken
electronically or on paper; projects, either individual or
group; classroom presentations, and homework.
Students
with disabilities:
Each ACC campus offers support
services for students with documented physical or psychological disabilities.
Students with disabilities must request reasonable accommodations through the
Office for Students with Disabilities on the campus where they expect to take
the majority of their classes. Students are encouraged to do this three weeks
before the start of the semester.
Course
Outline & Calendar
a)
Measurement of
National Output/ Income
b)
Measurement of
Cost of Living
c)
Production and
Growth
d)
Unemployment and
Its Natural Rate
Quizzes: ( To be announced)
Homework:(To be announced)
Test
I: Fri Sept 25 2009
Quizzes: (To be announced)
Homework: (to be announced)
a)
Aggregate Demand
and Supply
b)
The Influence of
Monetary and Fiscal Policy on Aggregate Demand
c)
Short run Trade
off Between Inflation and Unemployment
d)
Open Economy
Quizzes: To be announced)
Homework: (to be announced)
Department of Economics
ECON 2301
Principles of Macroeconomics
Name: Prof.
Livingstone Kumassah
Course Name: Econ 2301, Principles of Macroeconomics.
Synonym: 40198
Class Time: TTh 1:25 – 2:40 p.m.
Office #: NRG 2131
Office
Phone # 512-223-4766
Fax # 512-223-4310
ACC
email address: stone@austincc.edu
Office
Hours: TTh 1:00 – 1:15 p.m. &
2:45 – 3:00 p.m.. or By Appointment
Course
Description-
Principles of Macroeconomics deals with
consumers as a whole, producers as a
whole, the effects of government spending and
taxation policies and the effects of
the monetary policy carried out by the
Federal Reserve Bank. Macroeconomics is
concerned with unemployment, inflation, and
the business cycle.
Required
Materials
Textbook: Principles of Macroeconomics (5th
Ed) ISBN 978-0-324-58999-3.
Gregory Mankiw.
Study Guide: Principles of Macroeconomics
(ISBN 978-0-324-59122-4
.David R. Hakes
Instructional
Methodology
The instructional methodology include
lectures (to explain the main concepts
and principles you read before coming to
class) peer teaching (to reinforce your
understanding of the lectures) video clips
(to give examples of economic
principles at work in daily life.
Course
Rationale
This course is meant to give students insight into the
dynamics of our national
economy. The knowledge gained in the course will make
students better informed
citizens and allow them to follow the debates over
national economic policy
reported in the news media. This course is also a
foundation course that will
prepare students to be successful in upper division
finance, marketing, business
administration, economics, government, and social work
courses
Common
Course Objectives/Student Outcomes
Students who complete this course will be able to
understand:
·
the meaning of
unemployment and inflation data and how that data is collected and computed;
·
the meaning and
components of the National Income Accounts, especially GDP;
·
the meaning of
the business cycle and its phases;
·
and to manipulate
the basic Aggregate Supply, Aggregate Demand model of the macro economy;
·
how fiscal policy
operates, its tools, and its advantages and drawbacks;
·
how a fractional
reserve banking system works;
·
how monetary
policy operates, its tools, and its advantages and drawbacks.
Course
Evaluation/Grading System-
There will be three tests during the
semester. In addition, homework assignments
and quizzes will be given. The purpose of the
quizzes is to help you comprehend
and master the important concepts, terms and
principles to be discussed in class
whereas the purpose of the homework is to
provide you with the opportunity to
review, retain, recall and apply the
materials covered so as to prepare you for the
tests.
THERE WILL BE NO MAKE-UP QUIZZES OR TESTS.
LATE
HOMEWORK ASSIGNEMENT WILL NOT BE ACCEPTED.
Grading
Quizzes 10%
Homework 15%
Tests 75%
Grading
System
A 90 - 100
B 80 - 89
C 70 – 79
D 60 - 69
F Below 60
Attendance
Policy: Attendance is required. If
you do not plan to attend lectures
regularly, you are advised to withdraw.
Withdrawal
Policy: You bear the sole
responsibility for your withdrawal from the course just as you did when you
registered. The last day to withdraw is Monday
November 23, 2009.
Scholastic
Dishonesty:
Acts prohibited by the college for
which discipline may be administered include scholastic dishonesty, including
but not limited to cheating on an exam or quiz, plagiarizing, and unauthorized
collaboration with another in preparing outside work. Academic work submitted
by students shall be the result of their thought, research or self-expression.
Academic work is defined as, but not limited to tests, quizzes, whether taken
electronically or on paper; projects, either individual or group; classroom
presentations, and homework.
Students
with disabilities:
Each ACC campus offers support
services for students with documented physical or psychological disabilities.
Students with disabilities must request reasonable accommodations through the
Office for Students with Disabilities on the campus where they expect to take
the majority of their classes. Students are encouraged to do this three weeks
before the start of the semester.
Course
Outline & Calendar
a)
Measurement of
National Output/Income
b)
Measurement of
Cost of Living
c)
Production and
Growth
d)
Unemployment and
Its Natural Rate
Quizzes: ( To be announced)
Homework:(To be announced)
Test
I: Th Sept 24, 2009
Quizzes: (To be announced)
Homework: (to be announced)
a)
Aggregate Demand
and Supply
b)
The Influence of
Monetary and Fiscal Policy on Aggregate Demand
c)
Short run Trade
off Between Inflation and Unemployment
d)
Open Economy
Quizzes: To be announced)
Homework: (to be announced)
Department of Economics
ECON 2302
Principles of Microeconomics
Name: Prof. Livingstone Kumassah
Course Name: Econ 2302, Principles of Microeconomics.
Synonym: 40233
Class Time: MW 5:40 –
6:55 p.m.
Office #: NRG 2131
Office
Phone # 512-223-4766;
Fax # 512-223-4310
ACC
email address: stone@austincc.edu
Office
Hours: MW 7:00 – 7:15 p.m. or By
Appointment
Course
Description-
Principles of Microeconomics deals with the
interactions between individual
households and business firms. The concepts
of supply and demand will be
studied; students will learn what these
concepts mean, how they operate, and how
prices are determined. Market structure,
market failure and income distribution
will also be considered.
Required
Materials
Textbook: Principles of Microeconomics (5th
Ed) ISBN 978-0-324-58998-6.
Gregory Mankiw.
Study Guide: Principles of Microeconomics
(ISBN 978-0-324-59119-4
David R. Hakes
Instructional
Methodology
The instructional methodology include
lectures (to explain the main concepts
and principles you read before coming to class)
peer teaching (to reinforce your
understanding of the lectures) video clips
(to give examples of economic
principles at work in daily life.
Course
Rationale-
This course is meant to give students insight
into the dynamics of a market based
economy and how through its mechanism scarce
resources are allocated. The
theoretical and actual role of the government
in this market system will also be
addressed. The knowledge gained in the course
will make students better
informed citizens and allow them to follow
the debates over various economic
events and policies reported in the news
media. This course is also a foundation
course that will prepare students to be
successful in upper division finance,
marketing, business administration,
economics, government, and social work
courses.
Course
Objectives/Student Outcomes
Students who complete this course will be able to
understand:
·
the basic
concepts of scarcity and opportunity cost;
·
the forces of
demand and supply and how they interact to determine an equilibrium price;
·
how and why
equilibrium prices might change and their impact on resource allocation;
·
the theory of
consumer behavior;
·
the theory of the
firm;
·
the theoretical
market structures of perfect competition and monopoly.
Course
Evaluation & Grading System-
There will be three tests during the
semester. In addition, homework assignments
and quizzes will be given. The purpose of the
quizzes is to help you comprehend
and master the important concepts, terms and
principles to be discussed I class
whereas the purpose of the homework is to
provide you with the opportunity to
review, retain, recall and apply the
materials covered so as to prepare you for the
tests.
THERE WILL BE NO MAKE-UP QUIZZES OR TESTS.
LATE
HOMEWORK ASSIGNMENT WILL NOT BE ACCEPTED.
Quizzes 10%
Homework 15%
Tests 75%
Grading
System
A 90 - 100
B 80 - 89
C 70 – 79
D 60 - 69
F Below 60
Course
Policies
Attendance
Policy: Attendance is required. If
you do not plan to attend lectures
regularly, you are advised to withdraw.
Withdrawal
Policy: You bear the sole
responsibility for your withdrawal from the course just as you did when you
registered. The last day to withdraw is Monday
November 23, 2009.
Scholastic Dishonesty:
Acts prohibited by the college for which discipline may be administered
include scholastic dishonesty, including but not limited to cheating on an exam
or quiz, plagiarizing, and unauthorized collaboration with another in preparing
outside work. Academic work submitted by students shall be the result of their
thought, research or self-expression. Academic work is defined as, but not
limited to tests, quizzes, whether taken electronically or on paper; projects,
either individual or group; classroom presentations, and homework.
Students with disabilities:
Each ACC campus offers support services for students with documented
physical or psychological disabilities. Students with disabilities must request
reasonable accommodations through the Office for Students with Disabilities on
the campus where they expect to take the majority of their classes. Students
are encouraged to do this three weeks before the start of the semester.
Course
Outline & Calendar-
a) Ten principles
b) Thinking Like and Economist
c) Interdependent and Gains from Trade.
d) Market Forces of Supply and Demand
Quizzes: ( To be announced)
Homework:(To be announced)
Test
I: Wed Sept 23, 2009
a) Market Forces of Supply and Demand
b) Elasticity
c) Supply, Demand and Government Policies
d) Consumer, Producer and Efficiency of Markets
e) Application: The Cost of Taxation
Quizzes: (To be announced)
Homework: (to be announced)
a) Cost of Production
b) Firms in Competitive Markets
c) Monopoly
d) Oligopoly
e) Monopolistic Competition
Reading: Chapters 13, 14, 15, 16, 17.
Quizzes: To be announced)
Homework: (to be announced)
Department of Economics
ECON 2302
Principles of Microeconomics
Name: Prof. Livingstone Kumassah
Course Name: Econ 2302, Principles of Microeconomics.
Synonym: 40235
Class Time: TTh 5:40 – 6:55 p.m.
Office #: NRG 2131
Office
Phone # 512-223-4766;
Fax # 512-223-4310
ACC
email address: stone@austincc.edu
Office
Hours: TTh 7:00 – 7:15 p.m. or By
Appointment
Course
Description-
Principles of Microeconomics deals with the
interactions between individual
households and business firms. The concepts
of supply and demand will be
studied; students will learn what these
concepts mean, how they operate, and how
prices are determined. Market structure,
market failure and income distribution
will also be considered.
Required
Materials
Textbook: Principles of Microeconomics (5th Ed) ISBN 978-0-324-58998-6.
Gregory Mankiw.
Study Guide: Principles of Microeconomics
(ISBN 978-0-324-59119-4
David R. Hakes
Instructional
Methodology
The instructional methodology include
lectures (to explain the main concepts
and principles you read before coming to
class) peer teaching (to reinforce your
understanding of the lectures) video clips
(to give examples of economic
principles at work in daily life.
Course
Rationale-
This course is meant to give students insight
into the dynamics of a market based
economy and how through its mechanism scarce
resources are allocated. The
theoretical and actual role of the government
in this market system will also be
addressed. The knowledge gained in the course
will make students better
informed citizens and allow them to follow
the debates over various economic
events and policies reported in the news
media. This course is also a foundation
course that will prepare students to be
successful in upper division finance,
marketing, business administration,
economics, government, and social work
courses.
Course
Objectives/Student Outcomes
Students who complete this course will be able to
understand:
·
the basic
concepts of scarcity and opportunity cost;
·
the forces of
demand and supply and how they interact to determine an equilibrium price;
·
how and why
equilibrium prices might change and their impact on resource allocation;
·
the theory of
consumer behavior;
·
the theory of the
firm;
·
the theoretical
market structures of perfect competition and monopoly.
Course
Evaluation & Grading System-
There will be three tests during the
semester. In addition, homework assignments
and quizzes will be given. The purpose of the
quizzes is to help you comprehend
and master the important concepts, terms and
principles to be discussed I class
whereas the purpose of the homework is to
provide you with the opportunity to
review, retain, recall and apply the
materials covered so as to prepare you for the
tests.
THERE WILL BE NO MAKE-UP QUIZZES OR TESTS.
LATE
HOMEWORK ASSIGNMENT WILL NOT BE ACCEPTED.
Quizzes 10%
Homework 15%
Tests 75%
Grading
System
A 90 - 100
B 80 - 89
C 70 – 79
D 60 - 69
F Below 60
Course
Policies
Attendance
Policy: Attendance is required. If
you do not plan to attend lectures
regularly, you are advised to withdraw.
Withdrawal
Policy: You bear the sole
responsibility for your withdrawal from the course just as you did when you
registered. The last day to withdraw is Monday
November 23, 2009.
Scholastic Dishonesty:
Acts prohibited by the college for which discipline may be administered
include scholastic dishonesty, including but not limited to cheating on an exam
or quiz, plagiarizing, and unauthorized collaboration with another in preparing
outside work. Academic work submitted by students shall be the result of their
thought, research or self-expression. Academic work is defined as, but not
limited to tests, quizzes, whether taken electronically or on paper; projects,
either individual or group; classroom presentations, and homework.
Students with disabilities:
Each ACC campus offers support services for students with documented
physical or psychological disabilities. Students with disabilities must request
reasonable accommodations through the Office for Students with Disabilities on
the campus where they expect to take the majority of their classes. Students
are encouraged to do this three weeks before the start of the semester.
Course
Outline & Calendar-
a) Ten principles
b) Thinking Like and Economist
c) Interdependent and Gains from Trade.
d) Market Forces of Supply and Demand
Quizzes: ( To be announced)
Homework:(To be announced)
Test
I: Th. Sept 24, 2009
a) Market Forces of Supply and Demand
b) Elasticity
c) Supply, Demand and Government Policies
d) Consumer, Producer and Efficiency of Markets
e) Application: The Cost of Taxation
Quizzes: (To be announced)
Homework: (to be announced)
a) Cost of Production
b) Firms in competitive Markets
c) Monopoly
d) Monopolistic Competition
e) Oligopoly
Reading: Chapters 13, 14, 15, 16, 17.
Quizzes: To be announced)
Homework: (to be announced)
Austin Community College
Department of Economics
ECON 2302
Principles of Microeconomics
Name: Prof. Livingstone Kumassah
Course Name: Econ 2302, Principles of Microeconomics.
Synonym: 09306
Class Time: TTh 7:45 – 9:00 a.m.
Office #: NRG 2131
Office
Phone # 512-223-4766;
Fax # 512-223-4310
ACC
email address: stone@austincc.edu
Office
Hours: TH 7:30 – 7:45a.m. & 9:00
– 9:15 a.m.. or By Appointment
Course
Description-
Principles of Microeconomics deals with the
interactions between individual
households and business firms. The concepts
of supply and demand will be
studied; students will learn what these
concepts mean, how they operate, and how
prices are determined. Market structure,
market failure and income distribution
will also be considered.
Required
Materials
Required
Materials
Textbook: Principles of Microeconomics (5th Ed) ISBN 978-0-324-58998-6.
Gregory Mankiw.
Study Guide: Principles of Microeconomics
(ISBN 978-0-324-59119-4
David R. Hakes
Instructional
Methodology
The instructional methodology include
lectures (to explain the main concepts
and principles you read before coming to
class) peer teaching (to reinforce your
understanding of the lectures) video clips
(to give examples of economic
principles at work in daily life.
Course
Rationale-
This course is meant to give students insight
into the dynamics of a market based
economy and how through its mechanism scarce
resources are allocated. The
theoretical and actual role of the government
in this market system will also be
addressed. The knowledge gained in the course
will make students better
informed citizens and allow them to follow
the debates over various economic
events and policies reported in the news
media. This course is also a foundation
course that will prepare students to be
successful in upper division finance,
marketing, business administration,
economics, government, and social work
courses.
Course
Objectives/Student Outcomes
Students who complete this course will be able to
understand:
·
the basic
concepts of scarcity and opportunity cost;
·
the forces of
demand and supply and how they interact to determine an equilibrium price;
·
how and why equilibrium
prices might change and their impact on resource allocation;
·
the theory of
consumer behavior;
·
the theory of the
firm;
·
the theoretical
market structures of perfect competition and monopoly.
Course
Evaluation & Grading System-
There will be three tests during the
semester. In addition, homework assignments
and quizzes will be given. The purpose of the
quizzes is to help you comprehend
and master the important concepts, terms and
principles to be discussed I class
whereas the purpose of the homework is to
provide you with the opportunity to
review, retain, recall and apply the
materials covered so as to prepare you for the
tests.
THERE WILL BE NO MAKE-UP QUIZZES OR TESTS.
LATE
HOMEWORK ASSIGNMENT WILL NOT BE ACCEPTED.
Quizzes 10%
Homework 15%
Tests 75%
Grading
System
A 90 - 100
B 80 - 89
C 70 – 79
D 60 - 69
F Below 60
Course
Policies
Attendance
Policy: Attendance is required. If
you do not plan to attend lectures
regularly, you are advised to withdraw.
Withdrawal
Policy: You bear the sole
responsibility for your withdrawal from the course just as you did when you
registered. The last day to withdraw is Monday
November 23, 2009.
Scholastic Dishonesty:
Acts prohibited by the college for which discipline may be administered
include scholastic dishonesty, including but not limited to cheating on an exam
or quiz, plagiarizing, and unauthorized collaboration with another in preparing
outside work. Academic work submitted by students shall be the result of their
thought, research or self-expression. Academic work is defined as, but not
limited to tests, quizzes, whether taken electronically or on paper; projects,
either individual or group; classroom presentations, and homework.
Students with disabilities:
Each ACC campus offers support
services for students with documented physical or psychological disabilities.
Students with disabilities must request reasonable accommodations through the
Office for Students with Disabilities on the campus where they expect to take
the majority of their classes. Students are encouraged to do this three weeks
before the start of the semester.
Course
Outline & Calendar-
a) Ten principles
b) Thinking Like and Economist
c) Interdependent and Gains from Trade.
d) Market Forces of Supply and Demand
Quizzes: ( To be announced)
Homework:(To be announced)
Test
I: Th Sept 24, 2009
a) Market Forces of Supply and Demand
b) Elasticity
c) Supply, Demand and Government Policies
d) Consumer, Producer and Efficiency of Markets
e) Application: The Cost of Taxation
Quizzes: (To be announced)
Homework: (to be announced)
a)
Cost of Production
b) Firms in Competitive Markets
c) Monopoly
d) Monopolistic Competition
e) Oligopoly
Reading: Chapters 13, 14, 15, 16, 17
Quizzes: To be announced)
Homework: (to be announced)
Class Hours
MW 7:45 –9:00
MW 1:25- 2:40
MW 4:15 – 5:30
MW 5:40 – 6:55
TTh 1:25 – 2:40
Friday 9:00 – 11:40am
Office Hours
MW 7:30 – 7:45am (.25x2)=.5
MW 9:00 – 9:15am (.25 x 2)=.5
MW 1:00 – 1:15pm (.25x2) =.5
MW 2:45 -3:00pm (.25x2) =.5
MW 3:30 – 4:05 p.m.(.5x2) =.1
MW 7:00 – 7:30 p.m (.5x2) =1
TTh 1:00 – 1:15 a.m (.25x2) =.5
TTh 2: 45 – 3:00 p.m. (..25x2) =.5
TTh 7:00 – 7:30 p.m. (.5x2)
=1
Fr. 8;30 – 9:00 am ( .5 x2)
=1
Fr 11;45 – 12;15pm (.5 x2) =1
And By Appointment