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Econ 210 Principles of Economics
Section 3: Osman Gülseven Office: A05 Phone: 3043 E-mail: firstname.lastname@example.org Office Hours: TBA Lecture Hours: Friday 14:40 – 17:30 (Section 3), MM125 Course Assistants: Ferda Kaya AZ 01 2032 Course Webpage: http://online.metu.edu.tr Duygu Deveci A10 7019 email@example.com firstname.lastname@example.org
This introductory course is designed to provide students with an understanding of how economies function. The goal of this course is to furnish students with the basic tools and concepts for analyzing economic events and evaluating policies. There are two parts of the course: macroeconomics and microeconomics. The first part, macroeconomics, looks at the economy as a whole. Understanding the basic macroeconomic concepts such as determination of aggregate income, open economies, the role of government, operation of the monetary system, will be the goal of this part. The second part, microeconomics, is about the consumers' and individual firms' decisions, how they determine the market price, how they interact.
Course material, will mainly be the lecture notes and you will be responsible from the material lectured in the classroom. While preparing the class notes we will make use of the following supplementary textbooks:
Case, E. Karl, Fair, C. Ray and Oster, M. Sharon, Principles of Economics
so make-ups will be given only in cases of officially documented emergencies and only with advance notice and arrangement. Therefore. we are not allowed to increase your grade subjectively in any case! (Note that we didn’t change any grades after the course grades are announced on subjective grounds last semester and we will not answer the emails asking for an increase this term. Please make sure that you know the section that you registered and mention it correctly in the exams and problem sets. Note that each section has a different instructor.) Your grade is determined by your class performance. Since many of the questions on the exams will come from the lecture material. the grades will be posted on the website. noncumulative. If you are caught cheating in the exam. If you have any concern and want to see your exam paper please meet with your TA’s at the announced date. • • • 2 . Following the midterm exam. a final exam (50%. If you might be in repeat status or might not be able to graduate because of your grade in this course. Students are responsible for all material covered in lectures. and final exam sets will be multiple choices. Please do not ask for an increase in grade. Students are responsible for the announcements made in class and posted on the course webpage. we will start with the macroeconomics part. Cancellation of classes and other important info will be posted in METU online. Course Policy • Collaboration during midterms and the final exam is strictly prohibited. Midterm. whereas other sections will start with microeconomics.Grading Information The course grades will be based on a midterm (50%. a Teaching Assistant from the Department of Economics as well as your instructor will monitor the exams. attend the classes regularly AND seek help from your professors and teaching assistants in advance by going to their office hours. macroeconomics). In addition to the Teaching Assistants in your departments. In fact. the exams will be different. All students are required to take the exams at the places designated according to the sections. We strongly urge you to seek help from us for any type of questions and/or problems about the course during the term NOT when the course grades are to be announced. you might also receive an email from your instructors or TA’s so check your emails regularly. The places will be announced before the examinations on the web-page of the course. Exam attendance is required. no excuse will be accepted and you will receive an FF from the course. we strongly recommend you to study the course accordingly. microeconomics). Previous experience suggests that students who attended the classes regularly got better grades. attendance to the lectures is strongly recommended but not compulsory. Exams will be graded by optical reader.
Course Outline TENTATIVE COURSE SCHEDULE The lectures in the course will be related to chapters in the book in the following order: Week 0 • • Introduction / Syllabus Scope and Method of Economics (Chapter 1) Week 1 • • Introduction to Macroeconomics (Chapter 20) Measuring National Output and Income (Chapter 21) Week 2 • Unemployment. and Long-Run Growth (Chapter 22) Week 3 • Aggregate Expenditure and Equilibrium Output (Chapter 23) Week 4 • The Government and Fiscal Policy (Chapter 24) Week 5 • The Money Supply and the Federal Reserve System (Chapter 25) Week 6 • Money Demand and Equilibrium Interest Rate (Chapter 26) Mid-Term Exam: Macroeconomics Week 7 • • The Economics Problem: Scarcity and Choice (Chapter 2) Demand. Supply. and Market Equilibrium (Chapter 3) Week 8 • Demand and Supply Applications (Chapter 4) Week 9 3 . Inflation.
19:00 (Monday) Final Exam: May 31.• Elasticity (Chapter 5) Week 10 • Household Behaviour and Consumer Choice (Chapter 6) Week 11 • The Production Process: The Behaviour of Profit-Maximizing Firms (Chapter 7) Week 12 • • Short-Run Costs and Output Decisions (Chapter 8) Long-Run Costs and Output Decisions (Chapter 9) Final Exam: Microeconomics Midterm Exam: April 16. 17:40. 16:30 (Thursday) 4 .