Dr. Joseph K. Cavanaugh 

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EC 200

Economic Life

Instructor Dr. Joseph Cavanaugh Meeting 10:00-11:15 M W
Office Location: Dwyer 243 Room: 186 Andrews
Office Hours: M/W:  9:15-10:00 Phone number: Office 586-0353
Tue: 9:45-11:30 Home 586-9968
and by Appointment (call before 10:00 PM)
E-Mail: joseph.cavanaugh@wright.edu

Course Text: The Study of Economics: Principles, Concepts & Applications, by Turly Mings, The Dushkin Publishing Co., 5th edition

Course Objectives: The objective of this course is to provide students with a general background of economics. The focus is on how economics can be applied in everyday life. The student is expected to leave the course with a better understanding of the fundamental principles of economics and the ability to apply this knowledge to the world around them.

Tentative Course Schedule
Meeting 1

Chapter 1 Economic Methods

Meeting 2

Chapter 2 Economic Choices

Meeting 3

Chapter 3 The Economic System

Meeting 4

Chapter 4 Market Pricing

Meeting 5

Chapter 4 Market Pricing

Meeting 6

EXAM ONE Chapters 1-4

Meeting 7

Chapter 5 The Consumer

Meeting 8

Chapter 6 The Business Firm and Market Structure

Meeting 9

Chapter 6 The Business Firm and Market Structure

Meeting 10

Chapter 7 Industry Performance

Meeting 11

Chapter 8 Government and Business

Meeting 12

Chapter 9 Labor and Income Distribution

Meeting 13

EXAM TWO Chapters 5-9

Meeting 14

Chapter 10 Money

Meeting 15

Chapter 11 Economic Instability

Meeting 16

Stock Market

Meeting 17

Chapter 13 Public Finance

Meeting 18

Chapter 14 Policies for Economic Stability and Growth

Meeting 19

FINAL EXAM 10:00-12:00 Chapters 1-15

 

Grading Policy:

 The student's grade will be earned based on three examinations, homework assignments and article write-ups. The final is cumulative. All students are required to take the three exams when scheduled. Any changes in the schedule will be announced in class. If the student is unable to take the exam at the scheduled time, permission must be secured BEFORE the scheduled exam time. If this condition is not met, a zero will be given for the missed exam.

Attendance and class participation are strongly encouraged because the material is difficult and the pace of the class is rapid. The student not understanding a topic presented in class should make every attempt to grasp the material immediately since the material presented in class is cumulative in nature. The student is expected to read the appropriate section of the book covering the material presented in class before the lecture day. Students are responsible for all material covered in lectures, the text and other assignments. There will be approximately 3 homework assignments. The due date for the homework will be announced in class. No late homework will be accepted. All assigned problems and questions should be attempted

Article Write-up

In order to facilitate class discussion the articles must come from the most recent U.S. News & World Report. The typed article write-ups should be one page in length, and are graded on how well you relate the article to the topics covered in this class. Staple the article (or copy of the article) to the back of your write-up. Spend the majority of the write-up discussing how it fits in to this class not summarizing the article. At the top of each write-up provide a list of the key topics covered in class that are related to this article and provide citation of the article (the date and pages). Since EC200 is a Writing Across the Curriculum course, articles write-ups as well as the essay portion of the tests will be graded for content, form, style, and overall writing proficiency. The due dates for these write-ups are indicated on the course schedule. EC200 is also a General Education course.

All General Education courses have the following common goals:

bulletTo sharpen critical thinking, problem-solving, and communication skills as a basis for life-long learning.
bulletTo cultivate an awareness of the moral and ethical insight needed for participation in the human community.
bulletTo increase knowledge and understanding of the past, of the world in which we live, and how both the past and present have an impact on the future.

A sample test as well as sample article write-ups are on reserve at the library and on-line on Libnet. The password is EC201.
Grade Weights
                                   Points
    EXAM I                     100
    EXAM II                    100
    FINAL                       150
    HOMEWORK             60
    ARTICLES                  50 
                                ======
    TOTAL                     460

Point Ranges for Grade

90% or 460-414 pts = A
80% or 413-368 pts = B
70% or 367-322 pts = C
60% or 321-276 pts = D
below 275   = F