Chapter 4 SCARCITY AND CHOICE: THE ECONOMIC PROBLEM
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Transcript Chapter 4 SCARCITY AND CHOICE: THE ECONOMIC PROBLEM
ECON 202:
Economics II
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Important Information
Instructor: Yuan(Ryan) Yuan
Contact info: [email protected]
This is a really good way to touch me !
Course’s webpage: http://www.pages.drexel.edu/~yy23/
Office hours: by appointment. (I will be available
almost every afternoon on weekdays)
Meeting Times:
T and Th 10:00 – 11:50 am, Pearl 307
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Required text:
R. Glenn Hubbard and Anthony Patrick O’Brien,
Macroeconomics, 2nd Edition.
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Requirements and Grading
Two midterm tests (25% each)
Final exam (25%) – not cumulative
4 - 6 homework assignments (25%)
98 for an A+, 94 for an A, 90 for an A-, 87 for a B+, 84 for a B, 80 for a B-, 75 for
a C+, 70 for a C, 65 for a C-, 62 for a D+, 60 for a D, below 60 for an F.
No makeups for unexcused midterms and final. No exceptions.
If you miss any of the midterms, you will need to take a cumulative final
exam (covering the entire course) worth 50% of your course average.
Lowest homework assignment can be dropped. Homework due on
assigned date AT THE BEGINNING of class.
Attendance not required. Class participation for potential bump ups
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Additional Help:
The Drexel Learning Center (DLC) provides free
individual tutoring. Contact information for
appointments: 050 Creese, [email protected], (215)
895-2568. Their website is www.drexel.edu/dlc.
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Calendar
July 8th: Homework 1 due date
July 15th: Midterm exam 1.
July 29th: Homework 2 due date
August 5th: Midterm exam 2.
August 19th: Homework 3 due date
August 26th: Homework 4 due date
Final: According to university schedule.
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Course Outline
We do not cover Chapters 1-4, since they are a review on
materials that you should have learned in Econ 201 or 211.
The tools and concepts learned in microeconomics,
particularly supply and demand diagrams, will be used
extensively throughout this course. Chapter 1-4 of the
textbook offer a good review, and you are encouraged to
read those chapters.
Very important concepts such as supply and demand
curves and so on will be briefly reviewed when they are
needed.
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Macroeconomics
Real GDP and Nominal GDP
Price level and inflation
Employment and unemployment
Economic growth
Aggregate demand and aggregate supply
Monetary and fiscal policy
Tradeoffs between Inflation and unemployment
International economy (Time permitting)
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