Economics

August 2004

Dsweeney@asij.ac.jp

Dgotterson@asij.ac.jp

 

Course Description

Economic issues play a vital role in personal and public decision making. This course will allow students to analyze a wide variety of economic problems and issues, including basic Micro and Macro economic theory, ‘International Trade’ and ‘Economic Development’ issues.  Students will use the theories discussed in class to propose solutions to economic problems facing people and nations today, even as they evaluate past and present decisions of global economic policy makers. Students who successfully complete both semesters of the course will able to sit for the Macroeconomics Advanced Placement Exam in May.

 

Course Goals/Student Learning Outcomes

To develop their ability to use economic terminology with fluency.

To interpret and apply economic data to solve problems.

To apply economic theory to diverse contemporary events.

To evaluate steps being taken by governments to solve economic problems.

To analyze alternative economic systems used by nations world wide.

To communicate economic concepts & theory verbally and in written form.

To evaluate the benefits and dangers of increased globalization.

To compare economic challenges facing developing nations.

To cooperate with others to achieve a common purpose.

To keep an accurate record of their learning.

To connect personal experience to issues discussed in class.

To actively involve themselves in and accept responsibility for their own learning.

To utilize a variety of research methods and techniques to collect reliable sources of information. 

To critically analyze various sources of information.

To express and support a student developed point of view using both written and oral forms of expression.

To examine local & world problems from a variety of viewpoints.

 

Course Expectations

All students will be expected to assume personal responsibility for their own education and remember that learning is an active not a passive activity.  As the instructor, I will organize readings and activities to help students make the most of their academic potential and evaluate their progress.  In addition, I will always be willing to work with students outside of class, however it's up to you, to invest the physical and mental energy needed to learn and grow.   To that end, students will be expected to contribute to the learning environment in a variety of ways, including:

·      Being prepared to learn everyday,

·      Paying attention to anyone speaking during class,

·      Actively taking part in group or full class activities,

·      Bringing in relevant books, articles or videos,

·      Staying after class to ask questions or discuss issues. 

In addition, students will be expected to demonstrate respect for all other participants in our learning process.  Everyone must be able to feel free to express their ideas without fear of embarrassment or ridicule, therefore an atmosphere of trust and tolerance must be fostered by each of us.

 

Assessment  Policies

Efforts will be made to allow students to communicate their learning via a variety of methods as explained below.  It is the student's responsibility to find out what was missed due to absence. 

Quizzes missed due to excused absence must be made up immediately  upon the students return.  Students will not be allowed to take a quiz once quizzes have been returned to the class.  Students who do not make up a quiz will be expected to complete a economic commentary on the same topic within one week to replace the missed quiz.  Failure to meet these expectations will result in a zero for this quiz.

All graded assignments must be accompanied by a self assessment and be turned in by 3 pm of the assigned due date.  Late work will be penalized 10% per school day up to a maximum of 50%.

Students are welcome to discuss deadline extensions to avoid conflicts with other courses.  These discussions must take place in person at least 24 hours prior to assignment due date.  No penalty will be assessed on these assignments.

Rewrites of quizzes and/or assignments are possible if discussed with Mr. Sweeney.

Self & Peer Assessment:  For each of the following assessment methods, students will be invited to assess their own learning and to provide constructive feedback to other students.

 

Assessment Methods

Daily Assignments:  Homework will be checked off for completeness on a random basis.  On occasion these will be picked up and read but not graded.  Students should come to class prepared to turn in all assigned work.

Economic Commentaries: Students will write commentaries of current events articles relating each of the sections of the syllabus.  Graded commentaries may be rewritten for a higher grade only after an appointment with Mr. Sweeney.

Projects: Students will also complete assignments designed to allow students to apply their learning of economic theory to current real world examples.  These assignments will usually require students to collect economic data and use the information to support their conclusions.  Some class time will be allowed for data collection in the HRC or library.

Portfolio: Students will be responsible for selecting and revising a set of entries to illustrate and communicate what they have learned and how they have learned best. This is an excellent opportunity for self assessment and revision. Students will be encouraged to use a variety of methods to illustrate their learning and no two portfolios will be the same.  Portfolio

 

Quiz / Test Format

Essay Writing: Students will be expected to form an opinion and support it using a well developed economic rational and accurate economic data. 

Data Response: Students will incorporate a provided set of economic data into their responses to questions

Multiple-Choice Questions:  These will be used to allow  students to solve specific economic problems and receive immediate feedback.

 

Applying Economic Theory

The Company: During the 1st semester students will form a company to design, order, market, and sell a product or products of their choice. Students will be responsible for all major decisions and will assess their success using economic and class generated criteria  Students will turn in journal entries to communicate their individual contributions to this Company.

Community Action:  Students will research the challenges facing specific Less Developed Nations and evaluate the public and private attempts to solve these problems.  The class will determine how the money raised by our product sales could be best put to use to solve the problems students identified. 

 

Primary Text

Welch, Patrick & Welch Gerry, Economics Theory & Practice, 7th Edition, John Wiley & Sons, 2004.

 

Supplementary Sources

Baumol & Blinder, Economics, Principles and Policy, 7th edition, Dryden Press, Orlando, 1997.Alain Anderton, Economics, , Causeway Press, London, 1993 

Todd Buchholz, New Ideas from Dead Economists, Penguin Books, 1990.

Tony Cleaver, Understanding the World Economy, , Routledge Press, London, 1997.

Alan Glanville, Introduction to Development Economics, Oxford, 1995

Heilbroner & Thurow, Economics Explained, Simon & Schuster, NY, 1994. 

Robert Heilbroner, The Worldly Philosophers, Simon & Schuster, NY, 1986.

Maunder, Myers, Wall & Miller, Economics Explained 3rd Ed,  Collins Publishers, London, 1996

Samuelson & Nordhaus, Economics, International Edition,  15th ed., McGraw Hill, NY, 1995.

Michael Todaro, Economic Development, Longman Press, NY, 1994.

 

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