1. Comprehend the six core principles of economics:

• Economics and the economy
• Demand, Supply and Elasticity (Product Markets)
• Wages, Rents, Profit and Interest (Resource Markets)
• Microeconomics of Governments.
• Microeconomics and Policies (antitrust, health care, labor and agriculture)
• International economics (exchange rates, deficits and transition economies)

2. Using the power of economics be able to apply and use the tools to analyze a wide variety of issues and problems.

3. Develop framework for students to conduct economic experiments and to engage in role-playing as consumers, producers, citizens, and policy makers.

4. Comprehend and Distinguish between Pure and Monopolistic competition

1. Weekly classes run from MONDAY to SATURDAY and students must complete all assigned readings and assignments for turn in Saturday. Example: Week #2 Assignments are due the end of week #2 Saturday.

2. Students will be required to email assignments listed in the syllabus in a word document or email to the instructor. YOU MUST HAVE YOUR NAME ON YOUR PAPER, COURSE #, WEEK #, CHAPTER #'S AND QUESTION #'S ON THE PAPER. Late Work will not be accepted (without approval from the instructor)

3. There will be two exams Mid Term Week #4 and Final Week #8

4. INTEGRITY: The college code of academic integrity will be rigorously enforced. Cheating of any type, including submitting another’s work as your own will result in immediate with-drawl from the course.

5. Homework Assignments: Ensure you place your name, Week #, Chapter #'s and Questions in the upperleft corner of all assignments.

6. Weekly Summaries: You must submit a weekly summary with every homework assignment. You must answer the two questions as provided:

1. What did I learn this week?
2. How does this material help me in making economic decisions in my environment?

7. Mini Practice Quizzes. Mini Quizzes have been designed for you to reinforce the material before the midterm and the final. You can take these quizzes as many times as you like (no points awarded)

1. Student will demonstrate a comprehension level of basic economic vocabulary by completing assignments.

2. Exams: Midterm Exam and Final will be multiple choice closed book, closed notes.

3. Research Paper

1. What did I learn this week?
2. How does this material help me in making economic decisions in my environment?

1. Income, and Money Market Data: www.pctrader.com

2. Dr Ed Yardeni's Economic Network: www.yardeni.com

3. Economic Growth Resources: www.nuff.ox.ac.uk/Economics/Growth/

1. The paper must be no less than 12 pages and no more than 15 double-spaced.

2. You must have 5 sources and a minimum of 8 citations.

3. You must use the APA Format for paper completion.

4. The paper is due Week #8, (HINT: Don’t procrastinate. The sooner you can start the more logically you progress through it.)

• GEO 1: Define, identify, and apply positive and normative economics to human interaction using the economic model

• GEO 2: Identify and define supply and demand and the impact of market structure on business and social institutions

• GEO 3: Independently apply the concept of opportunity cost to business and social institutions and individual human cases

• GEO 4: Evaluate past business decisions using the fundamentals of supply and demand

• GEO 5: Make independent calculations of the size of the economy using national income accounting

• GEO 6: Define the macroeconomic issues of unemployment, inflation, and economic growth. Ensure you site specific examples

• GEO 7: Define the fiscal policy and evaluate the effectiveness of this policy in solving macroeconomic issues.

• GEO 8: Apply the theory of the business cycle to a description of the three economic issues in the business cycle with relationship to the three economic issues.

• GEO 9: Define monetary policy and evaluate the effectiveness of this policy in solving macro economic problems

• GEO 10: Define the trade deficit, foreign exchange, and the mechanism of exchange between countries

• GEO 11: Analyze the relationship between the major financial institutions and economic institutions within first and third world economies and how those contributed to the world economy