Outline – Lee – ECON 204 A1 – Fall 2019 Page 1 of 2 The University of Alberta
Department of Economics ECONOMICS 204 – SECTION A1
Principles of Economics Monday/Wednesday/Friday
1100-1150
Gordon LEE FALL 2019
Office: Tory 8-27
Phone: 780.492-7636 Office Hours: Tuesday/Thursday 1100-1200
Monday 1300-1400
eMail: [email protected] or by appointment
TEXTBOOK
Paul Krugman, Robin Wells, Iris Au and Jack Parkinson, Microeconomics: Third Canadian Edition Loose Leaf Paul Krugman, Robin Wells, Iris Au and Jack Parkinson, Macroeconomics: Third Canadian Edition Loose Leaf With Sapling
COURSE OBJECTIVE
The intent of this course is to introduce you to the terminology and techniques used in economics and to assist you in attaining a fundamental understanding of economic theory. Further, in this course, we will see how economists apply these techniques to several issues including the supply and demand of goods and services, industrial regulation, international trade, unemployment and inflation.
Note: Students cannot attain credit in Economics 204 and credit in Economics 101 and Economics 102.
GRADING
Grades are distributed as follows:
Assignments 10%
Exam 1 20%
Exam 2 20%
FINAL EXAM 50%
You should note that typically, grading for exams take up to ten days. Thus, your final grade will be ready within ten days after the final exam.
There will be 6 assignments in this course. At the end of the term, I will drop the lowest assignment and use your 5 best. Assignments are done on-line in Sapling.
Copies of midterms and final exams from past years will be made available to the students.
“Grades reflect judgments of student achievement made by instructors. These judgments are based on a combination of absolute achievement and relative performance in a class.” [University of Alberta Calendar, Section 23.4(4).]
In this course, the raw scores of assignments and exams are totaled, based upon the distribution weights given earlier and then letter grades are assigned.
Outline – Lee – ECON 204 A1 – Fall 2019 Page 2 of 2 To give you an idea of what you might expect, here is a distribution reflecting past years:
Letter
Grade Grade Point
Value Grade Range
(%) Letter
Grade Grade Point
Value Grade Range (%)
A+ 4.0 93 and above C+ 2.3 62 to 67.9
A 4.0 86 to 92.9 C 2.0 60 to 61.9
A- 3.7 81 to 85.9 C- 1.7 57 to 59.9
B+ 3.3 78 to 80.9 D+ 1.3 55 to 56.9
B 3.0 72 to 77.9 D 1.0 50 to 54.9
B- 2.7 68 to 71.9 F 0 under 50
Academic Integrity
“The University of Alberta is committed to the highest standards of academic integrity and honesty. Students are expected to be familiar with these standards regarding academic honesty and to uphold the policies of the University in this respect. Students are particularly urged to familiarize themselves with the provisions of the Code of Student Behaviour (online at www.governance.ualberta.ca) and avoid any behaviour that could potentially result in suspicions of cheating, plagiarism, misrepresentation of facts and/or participation in an offence. Academic dishonesty is a serious offence and can result in suspension or expulsion from the University.” {University of Alberta Calendar}
Recording of Lectures
“Audio or video recording of lectures, labs, seminars or any other teaching environment by students is allowed only with the prior written consent of the instructor or as a part of an approved accommodation plan. Recorded material is to be used solely for personal study, and is not to be used or distributed for any other purpose without prior written consent from the instructor.”
“Policy about course outlines can be found in the Evaluation Procedures and Grading System section of the University Calendar.”
EXAMS
Exams in this course consist of multiple choice questions, short answer, and long answer questions. The final exam is comprehensive. Copies of past exams will be made available.
Exams are scheduled for the following days:
Exam 1 October 2 in class
Exam 2 November 6 in class
FINAL EXAM December 18 at 1400
COURSE OUTLINE AND SEQUENCE OF READINGS
1. The Economic Problem Chapters 1 and 2
2. Supply and Demand Chapters 3, 5, and 6
3. The Theory of the Consumer Chapter 10 4. The Theory of the Firm Chapters 11
5. Market Structure Chapters 12, 13, 14, and 15 6. Introduction to Macroeconomics Chapters 6 and 7
7. Money, Banking, and Monetary Policy Chapters 14 and 15 8. Canada in the Global Economy Chapters 18 9. Economics and the Environment Chapters 16 and 17
