History of Economic Thought

Course Details

Course Number: 3713  Section Number: 101

Fall 2010

Location: Dillard College of Business Administration

Classroom Number: 129

Days & Times:

9:30a - 10:50a

Course Attachments

Syllabus  syl-309017MWS-2010-Fall-ECON3713-20100825-134020.docx


MSU Faculty Member
Dr. John Martinez   
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Course Objectives

General Learning Goals:

Upon successful completion of this course, the student should:

 Demonstrate problem-solving and decision-making abilities through the critical analysis, evaluation, and interpretation of business information.

Course Expectations

Course Specific Learning Goals:

      Each important school of economic thought will be analyzed in terms of five major questions:    

  • What was the historical background of each school of economic thought?
  • What were the major tenets of the school?
  • Whom did the school benefit or seek to benefit?
  • How was the school valid, useful, or correct in his time?
  • Which tenets of the school became lasting contributions?

Grading Standards



A student's grade will be based on one of the following options:



Option 1

Option 2

Major Exams


750 pts


500 pts


Final Exam       


000 pts


250 pts


Short Quizzes


250 pts


250 pts



GRADE EVALUATION:                    As a percent of total points:

                                                                        A (Above 90), B (80-89), C (70-79), D (60-69), F (below 60)


Total Points:

Option 1: [Avg. Exam Score X 7.5] + [Final Exam Score X 0.0] + [Quiz Avg. X 2.5] + [Bonus Pts.]

Option 2: [Avg. Exam Score X 5.0] + [Final Exam Score X 2.5] + [Quiz Avg. X 2.5] + [Bonus Pts.]



GRADE EVALUATION:                    As a percent of total points (1000 pts):

                                                      A (Above 90), B (80-89), C (70-79), D (60-69), F (below 60)


Major exams:Two or three major exams will be given.  Exams will involve calculation and derivation of answers as well as their interpretation and meaning.  A major component of each exam will involve a take-home, essay question. Questions will come from the texts and notes. Failure to take an exam on the scheduled date without prior permission from the instructor will result in a zero for that exam. No makeup exams are given. Provided that instructor permission was granted for missing an exam, the final exam will be weighted proportionately higher to offset the missed exam (See Option 2).


Final exam:A comprehensive final exam will be given, though it will be more heavily weighted toward the material covered since the last exam taken. The exam will involve calculation and derivation of answers as well as their interpretation and meaning.  Questions will come from the text and notes. Missed Final Exam Policy:  If, because of a truly unavoidable situation, you are absolutely not able to take the final exam at the scheduled time/date, it is your responsibility to talk to me well in advance to ask to take the exam early.  If a real, legitimate, last minute emergency occurs, it is your responsibility to contact me before the exam begins.  If I am not available in my office, you must leave a voice mail or e-mail before the exam begins


QuizzesApproximately 12 unannounced quizzes will be given throughout the semester. A student can miss as many as two quizzes without adverse consequences to their grade. No makeup quizzes are given. Quizzes are graded on a satisfactory/unsatisfactory basis, with satisfactory grade recorded as ten (10) points and an unsatisfactory grade equal to zero (0). The maximum sum of points possible for the quiz average is 100.

Submission Format PolicyNote: You may not submit a paper for a grade in this class that already has been (or will be) submitted for a grade in another course, unless you obtain the explicit written permission of me and the other instructor involved in advance.

Plagiarism Policy Plagiarism is the use of someone else's thoughts, words, ideas, or lines of argument in your own work without appropriate documentation (a parenthetical citation at the end and a listing in "Works Cited")-whether you use that material in a quote, paraphrase, or summary. It is a theft of intellectual property and will not be tolerated, whether intentional or not.

Student Honor Creed

As an MSU Student, I pledge not to lie, cheat, steal, or help anyone else do so."

As students at MSU, we recognize that any great society must be composed of empowered, responsible citizens. We also recognize universities play an important role in helping mold these responsible citizens. We believe students themselves play an important part in developing responsible citizenship by maintaining a community where integrity and honorable character are the norm, not the exception. Thus, We, the Students of Midwestern State University, resolve to uphold the honor of the University by affirming our commitment to complete academic honesty. We resolve not only to be honest but also to hold our peers accountable for complete honesty in all university matters. We consider it dishonest to ask for, give, or receive help in examinations or quizzes, to use any unauthorized material in examinations, or to present, as one's own, work or ideas which are not entirely one's own. We recognize that any instructor has the right to expect that all student work is honest, original work. We accept and acknowledge that responsibility for lying, cheating, stealing, plagiarism, and other forms of academic dishonesty fundamentally rests within each individual student. We expect of ourselves academic integrity, personal professionalism, and ethical character. We appreciate steps taken by University officials to protect the honor of the University against any who would disgrace the MSU student body by violating the spirit of this creed. Written and adopted by the 2002-2003 MSU Student Senate.

Students with Disabilities The Americans with Disabilities Act (ADA) is a federal anti-discrimination statute that provides comprehensive civil rights protection for persons with disabilities. Among other things, this legislation requires that all students with disabilities be guaranteed a learning environment that provides for reasonable accommodation of their disabilities. If you believe you have a disability requiring an accommodation, please contact the Disability Support Services in Room 168 of the Clark Student Center, 397-4140.

Safe Zones Statement The professor considers this classroom to be a place where you will be treated with respect as a human being - regardless of gender, race, ethnicity, national origin, religious affiliation, sexual orientation, political beliefs, age, or ability. Additionally, diversity of thought is appreciated and encouraged, provided you can agree to disagree. It is the professor's expectation that ALL students consider the classroom a safe environment.

Contacting your Instructor All instructors in the Department have voicemail in their offices and MWSU e-mail addresses. Make sure you add your instructor's phone number and e-mail address to both email and cell phone lists of contacts.

Attendance Requirements

Students are expected to attend all class meetings for this course, following the university attendance policy.  (See the Midwestern State University Undergraduate Catalog.  Each meeting of the class will run as scheduled.  So as not to disturb the class, you are not to walk in and out of the classroom during the class hour except for an emergency.  Notwithstanding anything herein contained to the contrary, any student who has more five or more unexcused absences will receive a final grade of F.  Roll may be taken during the first five minutes of class, in which case a late student would be counted absent. If this should happen before the official drop date, the student will be dropped with an ‘F.’ Class periods following an exam are important.  If you are absent on a class period immediately following an exam, you will waive the right to have your test grade improved.  Many important announcements are made in class.  You should always contact one of your classmates when you are absent. 

Other Policies

Academic Integrity:


With regard to academic honesty, students are referred to the “Student Honor Creed” of Midwestern State University Undergraduate Catalog.


Americans with Disabilities Act:


This class follows the guidelines suggested by the Center for Counseling and Disabilities Services for those students who qualify for disability services.  See Midwestern State University Undergraduate Catalog.



The Midwestern State University WebCT program will be incorporated into this class and
will provide the primary default means of communication.  Each student is expected to master the use of WebCT.  Assistance to achieve comfort using this program will be available as needed.


Syllabus Change Policy:


      This syllabus is a guide for the course and is subject to change.  All changes will be
            announced in class and students will be responsible for incorporating the changes into the




MidwesternState UniversityStudent Handbook- See the most recent MSU Student Handbook for a statement of the university's policy on academic dishonesty. Any other questions not specifically addressed by this syllabus are governed by the student handbook.  Make sure you have a copy and are familiar with all the procedures therein.  Pay close attention to the Code of Student Conduct section.


Medical or Other Serious Problems- Please take time and make the effort to advise me if you have difficulties that require my attention to properly evaluate your classroom participation and activities.


Tape Recordings and Cell Phones- Tape recording of lectures is permitted.  You may not tape record any information or class discussion when a graded test is being reviewed.  Cell phones and pagers are prohibited unless the instructor has granted permission to have them in class. 


Return of Exams- Never take an exam or graded answer sheet out of the classroom.  This will result in an automatic zero (0) on the exam.


Grade Postings- Exam grades will be posted by using WebCT.


Plagiarism Statement: “By enrolling in this course, the student expressly grants MSU a “limited right” in all intellectual property created by the student for the purpose of this course. The “limited right” shall include but shall not be limited to the right to reproduce the student’s work product in order to verify originality and authenticity, and educational purposes.”


Lower Grades– The instructor reserves the right to lower any student’s final grade by a letter grade (i.e., A to B, D to F) for:

(A)  A negative, rude, unreasonably argumentative or inattentive attitude in class, or,

(B)  Repeatedly disrupting the class for any reason (tardiness), or,

(C) NOT showing respect for fellow classmates' questions, opinions, or class presentations, or,

(D)  Excessive absences – 5 or more - (see Attendance Policy above)

Writing Proficiency Requirement All students seeking a Bachelor's degree from Midwestern State University must satisfy a writing proficiency requirement once they've 1) passed English 1113 and English 1123 and 2) earned 60 hours. You may meet this requirement by passing either the Writing Proficiency Exam or English 2113. Please keep in mind that, once you've earned over 90 hours, you lose the opportunity to take the $25 exam and have no option but to enroll in the three-credit hour course. If you have any questions about the exam, visit the Writing Proficiency Office website at http://academics.mwsu.edu/wpr, or call 397-4131.