Suleyman Demirel University
Faculty of Economics
Principles of Economics 1
SPRING 2012
Principles of Economics
Instructor: Nurzhan Aidossov
Email: [email protected]
Office Hours: by appointment
Course Description
This course is the first part of the two-semester sequence on the principles of economics. The course studies the problems facing society in allocating resources. We will analyze supply and demand in markets for goods and markets for factors of production. The course examines various market structures and the mechanisms for price determination in perfectly competitive and imperfectly competitive markets.
Textbook
The textbook for this course is Principles of Economics (4th Edition) by N. Gregory Mankiw. The textbook is supplemented by a Study Guide prepared by David R. Hakes. You are encouraged to work through the Study Guide throughout the course.
Grading Policy
Your final grade in the course will be calculated as a weighted average of your point grades on the different assignments as follows:
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| Midterm (2) - 15% each (no make -up to increase the grade)
Final (1) - 40% (no make -up to increase the grade)
Quizes - 15 % (no make -up to increase the grade)
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| Term Paper - 10 % (term paper is compulsory, those who do not submit it, automatically receive Fail)
Attendance- 5 % (more than 30% absents - 14 lessons, lead to automatically Fail for the course)
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| TOPIC OUTLINE
| University Grading Policy
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| Topic 1
| Ten Principles of Economics
| Letter
| Out of 100
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| Topic 2
| Interdependence and the Gains from Trade
| A
| 95 - 100
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| Quiz 1 (topics 1&2)
| A-
| 90 - 94
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| Topic 3
| The Market Forces of Supply and Demand
| B+
| 85 - 89
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| Topic 4
| Elasticity and Its Application
| B
| 80 - 84
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| Topic 5
| Supply, Demand, and Government Policies
| B-
| 75 - 79
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| Midterm 1 (topics 1-5)
| C+
| 70 - 74
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| Topic 6
| Consumers, Producers and the Efficiency of Markets
| C
| 65 - 69
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| Topic 7
| The Costs of Taxation
| C-
| 60 - 64
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| Quiz 2 (topics 6&7)
| D+
| 55 - 59
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| Topic 8
| International Trade
| D
| 50 - 54
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| Topic 9
| Externalities
| F
| 0 - 49
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| Quiz 3 (topics 8&9)
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| Topic 10
| Public Goods and Common Resources
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| Topic 11
| The Costs of Production
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| Midterm 2 (topics 6-11)
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| Final (topics 1-11)
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