Dr. Joseph K. Cavanaugh 

On-line

Home Up Summer Exam

EC 205 

Microeconomics

Instructor Dr. Joseph Cavanaugh Meeting 12:30-1:45 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: Economics, Second Ed., by Joseph E. Stiglitz, W. W. Norton & Co. Study Guide to Economics, by Lawrence W. Martin

Course Objectives: The objective of this course is to provide students with a general background in economics. The fundamentals of economics are provided with applications in public sector economics and alternative economic systems.

Tentative Course Schedule

  Meeting   Material Covered
      1              Chapter 1, 22
      2              Chapter 23
      3              Chapter 24
      4              Chapter 25
      5              Chapter 26
      6              First Exam
      7              Chapter 27
      8              Chapter 28
      9              Chapter 28
      10            Chapter 29
      11            Chapter 29
      12            Chapter 30
      13            Chapter 30
      14            Chapter 31
      15            Second Exam
      14            Chapter 32
      17            Chapter 32
      18            Chapter 35
      19            Chapter 36
      20            Final Exam

                      All Above Ch.

             
Personal Income, Month to Month (% Chg., SA)
  Sep-99 Aug-99 Jul-99 Jun-99 May-99 Apr-99
Total Income 0.0 0.4 0.3 0.8 0.4 0.5
...Wages/Salaries 0.3 0.4 0.8 0.5 0.5 0.6
...Dividend 0.5 0.6 0.5 0.5 0.5 0.5
...Interest 0.3 0.3 0.5 0.6 0.7 0.5
...Transfer Payments 0.2 0.5 0.2 0.3 0.2 -0.1
Disposable Income -0.2 0.5 0.2 0.8 0.3 0.5
Savings Rate (%) 1.6 2.3 2.5 2.6 2.4 2.6
   * table from dismal.com

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. 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 to be presented in class before the lecture day. The student is responsible for all material covered in lectures, the text and other assignments. There will be approximately three short homework assignments and five article write-ups per week. 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 a 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 EC201 that you have related to this article and provide citation of the article (the date and pages).  The due dates for these write-ups are indicated on the course schedule. 

A sample test as well as sample article write-ups are on reserve at the library and on-line on Libnet. The password is EC202.

 

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