General Economics

Course Details

Course Number: ECON 1333  Section Number: 170

Fall 2010

Location: Dillard College of Business Administration

Classroom Number: 121

Days & Times:

MW 07:00pm-08:00pm

Course Attachments

Syllabus: General EconomicsEcon 1333, Section 170   Syllabus General Economics Fall 2010-20100908-132752.pdf


Essentials of Economics, 7th ed.
The Study Guide helps students develop quantitative skills and the use of economic terminology and enhances critical thinking capabilities.
  ISBN: 9780073362342

MSU Faculty Member
Renato Pedon   
view Profile »

Course Objectives

Course Description:
“A non-theoretical approach to describe economic involvement in relevant social and political
matters. A subject matter to help fill the general need for improved economic reasoning.
(Students with a major or minor within the College of Business Administration should take
ECON 2333 instead of this course.)”


Course Introduction
The course will be based on lectures and discussions of basic economic principles and
concepts. Not all the chapters of the textbook will be covered in their entirety during the
Semester, so do not get anxious before starting. If you read the material that will be presented
in class beforehand, you will be able to participate more actively. The class will not be
characterized by mere lecture and note taking. The last one is strongly recommended, but for
some people it is easier to just listen. Most of the material covered will be based on the
textbook, unless otherwise noted.
When possible we will try to apply the learnt principles to real world cases. Class
participation will be necessary for the success of the course. Exercises will be given to be
developed and resolved both in class and as homework.
In brief, read the material before coming to class and work the exercises. The class will
be more interesting and easier with your active participation.
There are no prerequisite for this course, but we will use a few simple mathematical
equations when useful and a lot of graphs. Their understanding will be necessary for the
successful application of some of the principles that will be encountered during the course.
Many of the skills required for success in this course are components of the general
education requirements. All assignments and examinations must be in presentable business
format; that is correct grammatical structure, acceptable organization, and neat appearance.
Presentable format will be considered in assigning grades when applicable.

Course Expectations

General Learning Goals:

  • Critical, analytical, and integrative thinking

Students will:
Interpret and analyze quantitative data.

  •  Creative and reflective capacities

Students will:
Analyze economic, social, and business problems from the economic point of view,
that is, weigh the costs and benefits.

  • Writing and other communication skills
  • Global consciousness, social responsibility, and ethical awareness

Students will:
Appreciate the historical, cultural, and institutional foundations of the economy.


Course Specific Learning Goals:
Students in this course will:

  •  Define terms used to explain economic concepts
  •  Explain the concept of being a "practical economist"
  •  Defend the study of economics
  •  List and briefly explain the three economic questions that every society must decide
  •  Describe the circular flow of economic activity
  •  State and apply the Law of Supply
  •  State and apply the Law of Demand
  •  Compare and contrast the four basic market models
  •  Utilize economic models and recommend solutions to a contemporary economic
  • problems
  •  Utilize graphs
  •  List and explain the economic roles of government
  •  Given a contemporary problem, evaluate the results of government intervention
  •  Describe the three tools the Federal Reserve can use in controlling the money supply
  •  Explain the process of international trade
  •  Interpret economic statistics such as GDP, CPI, and the unemployment rate
  •  Describe the US tax system
  •  Keep current on economic news
  •  Find economic statistics on the Internet

Grading Standards

Grading and Evaluation:
Grades will be determined by a combination of class tests, homework and active participation.
This is a very simple distribution.
There will be four 100-point exams, including the final examination, and 10 10-point
homework/quizzes, for a total of 500 points.

Dates will be announced in class and with a more precise schedule of the attempted course
progress. Test will include a series of multiple choice questions followed by a few problems
and/or questions that will require a certain amount of elaboration.

Points will be distributed as follows:

Assessment                                      Maximum Points
Homework (10 pts each)                          100
Exams (100 pts each)                               400         
Maximum Possible Points                           500           

Grades will be awarded on the following scale:

Grade                     Needed Points   
    A                              450-500
    B                              400-449
    C                              350-399
    D                              300-349
    F                               Less than 300

Student examinations are the property of Mr. Pedon and Midwestern State University and may
be retained as evidence of your performance in the course.
After reviewing the class averages, and taking into account certain additional information (e.g.,
class attendance, class preparation and performance, positive exam trends, etc.), I will form a
judgment as to each student's mastery of the course subject matter and assign a letter grade to
that student.
Students are expected to contribute to classroom discussions. You will need to be well
prepared for each class in order to participate in classroom discussions. Feel free to ask
questions or raise points for discussion which pertain to the reading and written
assignments. Both types of participation (attendance and classroom discussion) may affect
your grade.

Submission Format Policy

Note: 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.

Late Paper Policy

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

Attendance Policy:
Students are expected to attend all class meetings for this course, Each meeting of the class will
run as scheduled.
Students are expected to attend all classes for the full period, following the university
attendance policy.
(See Midwestern State University Undergraduate). Attendance will be
taken at the beginning of each class period. If you should come in late, you must tell me at
the end of that class period in order for an absence to be changed to a tardy. So as not to
disturb the class, you are not to walk in and out of the classroom during the class period except
for an emergency.

Other Policies

Missed Tests

Do not miss any exam. NO makeup exams will be rescheduled unless arrangements are
made before the exam is given to the class.
Make-up examinations will be given only in extreme cases where you have a proper reason
and supporting documentation for missing an exam. Documentation from a proper
authority supporting your absence must be provided immediately upon your return to
Proper reason includes absences for university sponsored activities, illness (verified
with a doctor’s note) and death.



Academic Integrity:
With regard to academic honesty, students are referred to the “Student Honor Creed” on p. 23
of Midwestern State University Undergraduate Catalog, Vol. LXXV, No. 2.

All students are expected to pursue their scholastic careers with honesty and integrity. Your
name on any assignment is your pledge that all work contained therein is yours alone. This
policy is applicable in all situations unless teamwork is specified. It is the philosophy of this
instructor and Midwestern State University that academic dishonesty is a completely
unacceptable mode of conduct and will not be tolerated in any form. All persons involved in
academic dishonesty will be disciplined in accordance with University regulations and
procedures. Discipline may include suspension or expulsion from the University.
Academic dishonesty includes, but is not limited to, cheating, collusion, and plagiarism (the
act of using source material of other persons, either published or unpublished, without
following the accepted techniques of crediting, or the submission for credit of work not the
individual’s to whom credit is given).

“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.”

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, or call 397-4131.