“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.)”
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.
General Learning Goals:
Interpret and analyze quantitative data.
Analyze economic, social, and business problems from the economic point of view,
that is, weigh the costs and benefits.
Appreciate the historical, cultural, and institutional foundations of the economy.
Course Specific Learning Goals:
Students in this course will:
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
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
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
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.
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
class. Proper reason includes absences for university sponsored activities, illness (verified
with a doctor’s note) and death.
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.”